1. Fellowship funds may only be used for the awarded project, as described in the attached proposal and budget submitted to the Creativity & Leadership Fellowship competition, and the funds may not be used for any other purpose without prior written approval from Oberlin College (the "Accepted Purpose"). The College must be notified in writing within fourteen days of any changes to the membership of your project team.
2. Fellows may not pay themselves a salary through the grant, although the award may be used to support housing and food costs for the project team during the grant period, as well as payment to organizations or other individuals for services (i.e., website development, transportation, printing, legal services, etc.). In addition, the award may not be used to buy alcohol. Fellows must keep receipts
for all expenses through the grant in order to provide thorough accounting for use of the funds, and these shall be provided to Oberlin College upon request in order to substantiate all expenses incurred and paid with award funds.
3. Recipients of Creativity & Leadership Fellowships may not be enrolled at an educational institution during the fellowship period (June 1, 2009 through May 31, 2010).
4. Fellows are required to file two written reports during their fellowship year. An interim report is due to the Office of Sponsored Programs (address above) by January 1, 2010. This report should update the Creativity & Leadership Committee on the progress of the project, as well as provide an interim financial report following the format of a template to be provided. Fellows are required to submit a final written report by June 1, 2010 describing: progress towards the goals outlined in the proposal; challenges encountered and strategies used to address them; mentoring experience; next steps and future plans for the venture; an overall assessment of the experience; and detailed financial
accounting for the grant following the format of the template to be provided.
5. Fellows are required during the 2009-10 academic year to give a public, on-campus presentation about the progress of their venture and their experience as a fellowship recipient. Following this presentation, Fellows will meet with the Creativity & Leadership Committee to receive feedback on their projects, reports, and post-grant plans for the venture, and to share their recommendations on the program overall. The Creativity & Leadership Program will make arrangements to cover
reasonable travel, lodging, and meal expenses for the visit to Oberlin.
6. Fellowship recipients agree to serve as a mentor, speaker, intern host, or Advisory Committee member for the Creativity & Leadership program to aid successive generations of aspiring entrepreneurs. This may include without limitation, meeting with grant recipients from Oberlin and other educational institutions and those seeking future grants.
7. Fellowships will be awarded in two equal installments. The first will be paid June 1, 2009 (pending execution of this agreement and successful completion of Oberlin degree); the second will be paid January 15, 2010, contingent upon compliance with the terms and conditions of this agreement, including without limitation, the submission of the interim report and its approval by the Creativity & Leadership Committee.
8. Fellows are responsible for all tax obligations associated with the fellowship income. Fellows are encouraged to maintain detailed records (including receipts) of all financial transactions associated with their project. Tax reporting obligations are solely the obligation of the Fellow.
9. Fellows agree to adhere to the Oberlin College Honor Code and Oberlin College’s policies governing professional conduct.
10. Fellows are required to provide the Creativity & Leadership Committee a 100-word project description, 100-word biography for each team member, publicity photo, and curriculum vitae by March 31, 2008. Fellows release Oberlin College and NEOCEP to edit and publish these materials and information about the project. The Fellow will be asked to sign a waiver permitting the College to publish the above biographical information.
11. Fellows agree to acknowledge the support of both Oberlin College’s Creativity & Leadership project and the Northeast Ohio Collegiate Entrepreneurship Program in all publicity and must include the following acknowledgment: This work was supported by Creativity & Leadership:
Entrepreneurship at Oberlin, part of the Northeast Ohio Collegiate Entrepreneurship Program (NEOCEP), a Kauffman CampusesSM Initiative funded by the Burton D. Morgan Foundation and the Ewing Marion Kauffman Foundation. The contents of this publication are solely the responsibility of the Grantee. The Fellow agrees to cooperate with Oberlin College and the Burton D. Morgan Foundation and the Ewing Marion Kauffman Foundation in publicizing the project and in furthering entrepreneurship on college campuses.
12. Fellows are prohibited from using grant funds to lobby or otherwise attempt to influence legislation, to attempt to influence the outcome of any specific public election, or participate or intervene in any political campaign on behalf of any candidate for public office.
13. You acknowledge and agree that as a condition of receipt of the award, the funds may only be used for the Accepted Purpose. Failure to utilize the funds for the Accepted Purpose or to materially comply with the terms and conditions of this agreement, including without limitation, to maintain proper receipts and to file the required written reports, shall constitute a breach of the agreement. In the event of a breach of this agreement for which such breach is not cured within thirty (30) days of
receipt of written notice of such breach, then the entire award shall be null and void and any and all funds received by you shall be payable to Oberlin College as liquidated damages. In the event of breach, Oberlin College shall have the right to collect attorneys fees and costs associated with any legal action taken to collect such funds from the Fellow.
14. This agreement shall be construed under the laws of the State of Ohio. The sole venue for any controversy or claim arising under the terms of this agreement shall be Lorain County, Ohio.
15. Creativity & Leadership Fellows are eligible to receive twelve (12) hours of consultation services valued at $4,500 through the Oberlin Venture Mentor Program (OMVP). This supplement to the fellowship award is contingent upon signed acceptance of the terms of the OVMP Agreement and participation in mentorship preparation sessions provided by the Office of Career Services. |