Common use of Release of Funds Clause in Contracts

Release of Funds. The Subsidy will be forwarded to the Employer within 45 days due net of receipt of an invoice to be issued by the Employer on the placement's conclusion. All such invoices must be submitted to EMC, as indicated in 2. above with a) the student's first and final pay stub, b) invoice and employer attestation, and c) the completed Employer Exit Survey and Student Exit Survey. Note that the final pay stub for the student must show the total salary payments made to the student during the placement. All payments are subject to EMC's receipt of the above documentation and the continuation of SWPP funding from ESDC.

Release of Funds. The Subsidy will be forwarded to the Employer within 45 days due net of receipt of an invoice to be issued by the Employer on the placement's conclusion. All such invoices must be submitted to EMC, as indicated in 2. b) above with a) the student's first and final pay stub, and b) invoice and employer attestation, and c) the completed Employer Exit Survey and Student Exit Survey. Note that the final pay stub for the student must show the total salary payments made to the student during the placement. All payments are subject to EMC's receipt of the above documentation and the continuation of SWPP funding from ESDC.