Common use of STUDY GRANTS Clause in Contracts

STUDY GRANTS. 1. In curricular internships, name of entity may pay a monthly amount to the student as study assistance or a grant. 2. In extracurricular internships, name of entity must pay a monthly amount to the selected student as study assistance or a grant, and the ULPGC may set a management or administration fee in addition to a fee for accident insurance per selected student and month. The gross monthly amount for the study grant and management fee, if applicable, will be set for every academic year by the corresponding Vice-Chancellor’s Office. The possibility that undertaking extracurricular internships may be developed without the student receiving study assistance will be considered in exceptional circumstances and provided that the collaborating entity justifies the impossibility of providing this grant, which will require a favourable report from the corresponding Vice-Chancellor’s Office. In this case, the student must expressly renounce the right to receive the economic grant from the collaborating entity. 3. The gross amount of study assistance or the grant will be indicated in the student’s internship accreditation and, in no case will it be considered remuneration or pay for the activity developed as no contractual relationship will exist. 4. The department managing external internships, appointed by the ULPGC, will be responsible for economic management of the study assistance or grant that the collaborating entity may provide the intern student with, making the corresponding payment and complying with the obligations that, in matters of social security, fiscal issues or any other type of matter, may correspond to the collaborating entity by law or ruling.