Thank you for applying to receive a grant from the SYNC Athlete Fund. Please review the Agreement below and verify your understanding and commitment to the requirements of the Agreement by acknowledging and signing this form. By signing this form, and receiving the SYNC Athlete Fund grant funds, this Agreement is a contract between you and the SYNC Athlete Fund.
1. COMMITMENT TO DEVELOPMENT AND SPORTSMANSHIP. Athlete agrees to dedicate his/her efforts to personal development and support of alpine ski racing in general. Athlete will actively promote and role model good sportsmanship, the importance of leading a healthy lifestyle and strong school performance, and the avoidance of substance abuse, including abstinence from the use of performance enhancing drugs.
2. GRANT USES
2.1 Allowable Expenses. Athlete shall use Grant Funds only for the following expenses: (a) training costs, (b) coaching, (c) travel to competitions (d) competition fees, (e) housing, (f) equipment.
2.2 Accounting. Athlete shall cooperate with any requests by the Foundation to verify that Athlete has used the Grant Funds in accordance with this Agreement. Such requests may include but are not limited to, receipts, invoices, evidence of payment, and such other documentation sufficient to confirm that the Grant Funds have been used for Allowable Expenses.
3. TAX REPORTING RESPONSIBILITY.
Upon receipt of the Grant Funds, Athlete assumes "paymaster" responsibility of such funds, including responsibility for tax reporting and related obligations imposed by law upon a recipient of such funds.
4. TERMINATION AND GRANT REVOCATION
4.1 Misuse of Grant Funds. The foundation may terminate this Agreement immediately upon a determination, in its sole discretion, that the Athlete has violated Sections 2.1 or 2.2. Upon such termination, Athlete shall be required, and hereby agrees, to return and fully refund the Grant Funds to the Foundation.
4.2 School or Athletic Sanction. If the athlete for any reason is subject to a sanction or fails to remain in good standing with his/her school or athletic organization, the Foundation may terminate this Agreement in its sole discretion. Upon such termination, Athlete shall be required, and hereby agrees, to return and fully refund the Grant Funds to the Foundation.