Applicant registration as an IION client must be completed before any wage payment funds are advanced to Applicants. Applicants will invoice IION by April 18th, 2017 in order to receive the first payment by May 1st. The funds will be disbursed in a 50%-50% split with the first payment of $3550.00 occurring on May 1st, 2017 and the final payment of $3550.00 occurring once the Final Reporting Document and Survey is received on or before Sept. 8th, 2017. The amount of $7100.00 was calculated based on an $11.83 per hour rate at 37.5 hours per week excluding Mandatory Employment Related Costs (MERCs). The Applicant is responsible for the MERCs and any additional wages provided to the youth participant the Applicant chooses to offer. The $7100.00 amount is the minimum for providing wages to the Youth Participant (further referred to as the Participant) during a four (4) month period. The Applicant may choose to compensate the Participant at a higher rate, but acknowledges that IION will not be responsible for any contract changes negotiated between the Applicant and the Participant, further costs or MERCs resulting from these changes.
The Applicant agrees that the IION-YEPP placement shall commence May 1st, 2017 and is to be completed on August 18th, 2017 with the final report received by IION on or before September 8th, 2017. The Applicant will allow the Participant paid-time away from work to attend mandatory training on the following dates: May 1st (Launch Day Workshop), June 16th (Professional Development Day), and July 12th-14th (IION Venture Camp). As part of the reporting expectations, up to two (2) site visits will be conducted during or close to week 6 (June 5th - 9th) & week 13 (July 24th - 28th).
The Applicant further acknowledges that IION accepts no responsibility for the Participant's performance provided under this agreement. It is the Applicant's responsibility to ensure that the work is done to the quality and standards it expects, and to coach the Participant to reach those goals. The responsibility of IION is to issue approved wage supplement payment to the Applicant as previously described and provide its program of entrepreneurial training to the Participant.
The Applicant further acknowledges that IION has a five-year obligation to track the Applicant's commercialization efforts and results which shall require mandatory reporting (upon request) by the Applicant of annual revenues and job creation and other related information as required.
The Applicant agrees to provide promotional materials upon request (company logo, flyers, photos of Participant at placement location, etc.) for IION marketing and other media based initiatives supporting the IION-YEPP. IION respects the Applicant's property and will only utilize the materials provided and approved by the Applicant.
The Applicant acknowledges the right of IION to audit the Eligible Activity and the right of representatives of the Minister of Industry to audit, or cause to have audited, the accounts and records of the Applicant and to have a right of access to the books and the Applicant's accounts. The Applicant shall be required byIION to act as its agent for the purpose of any inquiry undertaken by the Auditor General of Canada with respect to the use of funds under this agreement. The Applicant shall release to IION, upon request and in a timely manner, for the purpose of releasing to the Auditor General of Canada, all records held by the Applicant, or by agents or contractors of the Applicant, relating to the contribution agreement and the use of funds; and such further information and explanations as the Auditor General, or anyone acting on behalf of the Auditor General may request relating to any part of the contribution agreement or the use of funds.
The Applicant agrees to comply with all federal, provincial, territorial, municipal and other applicable laws governing the Applicant or the Applicant's activity, or both, including, but not limited to, statutes, regulations, by-laws, rules, ordinances and decrees.
This includes legal requirements and regulations relating to environmental protection.
The Applicant agrees to acknowledge, if requested thereof, the federal government's role in the funding provided through this agreement and consent to a public announcement of the eligible activities by or on behalf of the Minister of Industry in the form of a news release. The Minister of Industry will inform the Applicant of the date of any public announcement. The Applicant consents to the participation of the Minister of Industry, or the Minister's representatives, at such an announcement event, and to have such an event take place on a day mutually agreed upon by the Applicant and the Minister of Industry or the Minister's representative. The Applicant will agree to display promotional material provided by the Minister of Industry at such an event.
NOTE: Release of confidential or competitively sensitive information will not be required as this is protected under the Access to Information Act.
I have read and understand and agree to the above conditions and that I have authority to sign on behalf of the Applicant.