Training guarantee definition

Training guarantee means that all compulsory school graduates who do not have a place at an upper secondary school or cannot find a company-based apprenticeship place are given the opportunity to learn an apprenticeship trade at a supra-company training institu- tion financed by Public Employment Service Austria (Arbeitsmarktservice, AMS) (the so- called 'training workshops'). Thus supra-company apprenticeship training has been set up as an equivalent part of dual VET alongside the regular company-based variant (cf. 5.4).
Training guarantee in Austria means that all young people up to the age of 18 can take on an apprenticeship in a training body funded by the PES, if they cannot secure an apprenticeship in a company. There is also a ‘Job and Training Guarantee’ for those aged 19 to 24.
Training guarantee means that every school graduate who does not have a place at an upper secondary school, or who cannot find a company-based apprenticeship place, is given the opportunity to learn a trade at a ‘supra- company training centre’ (the so-called training workshops, Lehrwerkstätten) financed by the Austrian government’s employment service. ’Supra-company apprenticeship training’ has been set up as an equivalent part of dual VET alongside the regular company-based model. The target group for this measure is young people who cannot find a company-based apprenticeship place, despite their best efforts.

More Definitions of Training guarantee

Training guarantee means that all compulsory school graduates who do not have a place at an upper secondary school or cannot find a company-based apprenticeship place are given the opportunity to learn an apprenticeship at a supra-company training institution (the so-called 'training workshops', Lehrwerkstätten) financed by AMS. Thus supra- company apprenticeship training has been set up as an equivalent part of dual VET side by side with the regular company-based variant (cf. 4.5).

Related to Training guarantee

  • Qualifying Guarantee means an arrangement evidenced by a written instrument pursuant to which a Reference Entity irrevocably agrees (by guarantee of payment or equivalent legal arrangement) to pay all amounts due under an obligation (the “Underlying Obligation”) for which another party is the obligor (the “Underlying Obligor”). Qualifying Guarantees shall exclude any arrangement (i) structured as a surety bond, financial guarantee insurance policy, letter of credit or equivalent legal arrangement or (ii) pursuant to the terms of which the payment obligations of the Reference Entity can be discharged, reduced or otherwise altered or assigned (other than by operation of law) as a result of the occurrence or non-occurrence of an event or circumstance (other than payment). The benefit of a Qualifying Guarantee must be capable of being delivered together with the delivery of the Underlying Obligation.

  • Funding Guarantor as defined in Section 7.2.

  • Non-Paying Guarantor has the meaning assigned to such term in Section 10.11.

  • Funding Guarantors as defined in Section 7.2.

  • Paying Guarantor has the meaning assigned to such term in Section 10.11.