Common use of PRE-AMBLE Clause in Contracts

PRE-AMBLE. 1.1 The Project sponsor has awarded the above-mentioned recipient a bursary to participate in the 2024/25 International Leadership Development Programme (ILDP). The respective ILDP consists of formal hybrid study blocks, international immersions into Africa as well as other overseas destinations, syndicate-based Action Learning Research projects as well as personal development plan individual coaching. During the programme, delegates will be immersed in learning experiences to accelerate their business insights and learn directly from global business leaders. Delegates will be required to apply their learnings to identified strategic industry challenges in the domestic Wholesale and Retail Sector, in support of the W&RSETA’s goal to xxxxxx economic development, industry transformation and job creation. 1.2 Consequent to the award of the Bursary to the recipient to participate in the ILDP , the parties in this agreement have resolved to conclude this agreement in order to regulate the relationship between the three parties in order to ensure that the Bursary recipient participates in the programme to its completion. A further objective of this agreement, is that it aims to regulate the consequent failure by the Bursary recipient or the employer to complete the programme and the financial recovery processes to be engaged by the Project Sponsor resultant of such failure.

PRE-AMBLE. 1.1 The Project sponsor has awarded the above-mentioned recipient a bursary to participate in the 2024/25 2022/23 International Leadership Development Programme (ILDP). The respective ILDP consists of formal hybrid study blocks, international immersions into Africa as well as other overseas destinations, syndicate-based Action Learning Research projects as well as personal development plan individual coaching. During the programme, delegates will be immersed in learning experiences to accelerate their business insights and learn directly from global business leaders. Delegates will be required to apply their learnings to identified strategic industry challenges in the domestic Wholesale and Retail Sector, in support of the W&RSETA’s goal to xxxxxx economic development, industry transformation and job creation. 1.2 Consequent to the award of the Bursary to the recipient to participate in the ILDP , the parties in this agreement have resolved to conclude this agreement in order to regulate the relationship between the three parties in order to ensure that the Bursary recipient participates in the programme to its completion. A further objective of this agreement, is that it aims to regulate the consequent failure by the Bursary recipient or the employer to complete the programme and the financial recovery processes to be engaged by the Project Sponsor resultant of such failure.