KEY CONDITIONS OF FUNDING BETWEEN SPONSORING ORGANISATION AND SINGAPORE INSTITUTE OF TECHNOLOGY (SIT)

The Sponsoring Organisation has read and agreed to the following Key Conditions for Funding (the “Key Conditions”) between themselves and SIT:

DEFINITIONS
1. In this context, the following definition shall apply:
  - Fees – Refers collectively to both Tuition Fees and Miscellaneous Fees as defined herein.
  - Learner – the employee under the Sponsoring Organisation that has been enroled into the relevant degree programme via the Competency-based Stackable Micro-credential (CSM) pathway.
  - Micro-credential – A 18-credit block of learning that can stack up to a full Bachelor or Masters qualification, aimed at helping learners acquire new skills and knowledge for their work.
  - Miscellaneous Fees – Fees to meet part of the cost of providing insurance, learner programmes, and activities that are not covered by the Tuition Fee and grants. Miscellaneous Fees are payable at the beginning of each trimester and are non-refundable.
  - Sponsoring Organisation – the company, organisation or employer that financially supports or covers the cost of Tuition Fees and Miscellaneous Fees for its Learner(s) to attend SIT’s CSM programmes.
  - Tuition Fees – Fees payable by the Sponsoring Organisation for the Learner’s enrolment and access to SIT’s CSM programmes.
PAYMENT AND BILLING
1. The Sponsoring Organisation will sponsor Tuition Fees in entirety (i.e. 100% of Tuition Fees) for their enrolled Learner(s) (less applicable government subsidies/grant), including any Miscellaneous Fees incurred by their Learner(s).
2. Fees are based on SIT’s prevailing rates and policies and subject to change without notice. Such Fees and related subsidies are also subject to the Ministry of Education’s (MOE) prevailing policies. The amount of Tuition Fees payable during each academic trimester also depends on the number of credits taken by the Learner in that academic trimester. Tuition Fees and Miscellaneous Fees are reviewed periodically and may be revised by SIT.
3. Fees are payable in Singapore (S$) dollars, and GST will be charged in relation to the fees of each Learner where applicable.
4. SIT will invoice the Sponsoring Organisation three (3) times annually based on SIT’s billing schedule that is usually set at week 3 or 4 from start of the academic trimester.
5. The Sponsoring Organisation shall make payment within thirty (30) days of SIT’s tax invoice date. SIT reserves the final right to deny the Learner further services if fees are not paid by the due date.
6. The Sponsoring Organisation shall provide notice of any changes in billing instructions in accordance with the provisions set out in these Key Conditions. The written notice to SIT should be sent to no less than thirty (30) days before the start of the relevant academic trimester. If the Sponsoring Organisation fails to comply with the specified notice requirements, the Sponsoring Organisation shall remain responsible for all accrued fees based on SIT’s prevailing rates and policies.
7. If any Learner fails to complete a Micro-credential and has to re-take the same Micro-credential at a subsequent time period, the Tuition Fees and/or Miscellaneous Fees for the Micro-credential will be billed to the Sponsoring Organisation.
TERMINATION OR WITHDRAWAL
1. In the event that the Sponsoring Organisation terminates its sponsorship for any of its Learner(s) prior to graduation, the Sponsoring Organisation shall provide written notice to SIT no less than thirty (30) days before the start of the relevant academic trimester.
2. Within fourteen (14) calendar days from the start of SIT’s academic trimester and prior to graduation, if any Learner:
  
  (a) withdraws from the CSM programme or resigns from the Sponsoring Organisation;
  or
  (b) has selected one or more Micro-credential(s) offered by SIT under the CSM programme but subsequently withdraws from the aforesaid Micro-credential(s),
  
  SIT will not include the Tuition fees for the affected Learner in the billing to the Sponsoring Organisation for the relevant academic trimester.
3. After more than fourteen (14) calendar days from the start of SIT’s academic trimester and prior to graduation, if any Learner:
  
  (a) withdraws from the CSM programme or resigns from the Sponsoring Organisation;
  or
  (b) has selected one or more Micro-credential(s) offered by SIT under the CSM programme but subsequently withdraws from the said Micro-credential(s),
  
  the Sponsoring Organisation will be liable for any and all accrued fees (including tuition fees for any aforesaid Micro-credential(s)) set forth in the Sponsorship Letter in respect of the affected Learner’s studies at SIT, based on SIT’s prevailing rates and policies.
4. The Sponsoring Organisation will still be liable for Miscellaneous Fees if (i) the Learner withdraws or apply for a leave of absence from SIT after the end of week 2 of their relevant trimester, (ii) if the Learner’s candidature has been terminated, or (iii) in the situation if the Learner is on ‘active’ status with no modules to take.
GENERAL
1. SIT reserves the right to amend these Key Conditions, as well as its policies and processes without prior notice, effective upon publication on its website.
2. While the CSM programme is designed for educational, learning and training purposes, SIT does not guarantee specific results, examination success, mastery of disciplines or skills, or other tangible or intangible outcomes. SIT will not be held liable for any claims, losses, and damages incurred or sustained by the Learners and/or Sponsoring Organisation related to the Learner’s application or CSM programme attendance, except in cases of SIT’s own gross negligence or wilful misconduct.
3. Unless otherwise specified, the Learners are to adhere to SIT’s Student Conduct upon course enrolment and to acknowledge that there may be consequences for breaching such codes/rules. SIT reserves the right to take appropriate actions, including informing law enforcement authorities of serious violations, and imposing suspension or blacklisting Learners in cases of misconduct, transgression, or infractions of a disciplinary nature or breaches occurring during participation in the CSM programme. In such cases, the Sponsoring Organisation acknowledges that they may still be liable for Tuition Fees and/or Miscellaneous Fees.
4. These Key Conditions are governed by Singapore law, and the courts of Singapore have exclusive jurisdiction over any disputes arising out of or relating to them. If any court finds that any provisions in these Key Conditions (or any part thereof) is invalid, illegal or unenforceable, that provision or part shall, to the extent required, be deemed to be deleted, and the validity and enforceability of the other provisions herein shall not be affected.

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