CONDITIONAL GRANT AGREEMENT

    Upon my acceptance by the University of Tennessee Health Science Center (UTHSC), into the Dual Degree, Pharm.D./Ph.D. Program (the Program), I acknowledge and agree that I must meet all of the requirements of both the UTHSC College of Pharmacy and the UTHSC College of Graduate Health Sciences, as presented in the current requirements of each college, in order to remain in good standing in the Program.  I further acknowledge and agree to the following:

1.     During the first 3 1/2 to 4 years of the Program I will be enrolled as a student in the College of Pharmacy Doctor of Pharmacy (Pharm.D.) Degree Program and must comply with the then existing policies of the College of Pharmacy.

2.     Upon graduation from the College of Pharmacy with the Pharm.D. Degree, I will be enrolled as a student in the College of Graduate Health Sciences during the remainder of the Program to pursue the Doctor of Philosophy (Ph.D.) Degree in either Health Science Administration, Pharmaceutical Sciences and must comply with the then existing policies of the College of Graduate Health Sciences.

3.     I acknowledge and agree that this Conditional Grant Agreement is binding and is applicable to the requirements for me to obtain both the Pharm.D. and Ph.D. degrees in the College of Pharmacy and the College of Graduate Health Sciences respectfully.

I further acknowledge and agree to the following program requirements:

            1.   I must maintain a minimum overall GPA of 3.0 throughout the entire Program.  If my overall GPA falls below 3.0 for two consecutive semesters, if my overall GPA is below 3.0 at the completion of the Pharm.D. portion of the Program, or if I receive a grade of D or F in any course, I will be ineligible to continue in the Program.  However, I will be eligible to complete the Pharm.D. Program if my academic standing meets the minimum requirements of the College of Pharmacy as stated in the UTHSC Centerscope Student Handbook for the College of Pharmacy.

            2.   I must demonstrate satisfactory progress each semester toward completion of the requirements of the Program.  My progress will be judged by my faculty advisor and approved by the Pharm.D./Ph.D. Committee on the basis of accomplishments, including but not limited to, the successful completion of required Pharm.D. courses and recommended graduate-level courses, development of expertise in the conduct of research, and satisfactory participation in other activities required of graduate students, such as seminar and journal club.  If my progress is judged unsatisfactory, I will receive a written notice of my deficiencies (First written notice).  A second written notice will result in my being placed on academic probation.  Failure to improve to the satisfaction of my faculty advisor and the Pharm.D./Ph.D. Committee after the second such notice will result in my being ineligible to continue in the Program.

            3.   By the end of the summer prior to the beginning of my third year in the Pharm.D. Program I will identify and begin work with a research advisor.  If my research advisor is not based in a department in the College of Pharmacy, the College of Pharmacy will not continue to provide an annual stipend or tuition scholarship for the remainder of the Program, unless approved by the Program Chair.

            4.   I will receive an annual Conditional Grant for four (4) academic years that includes a summer stipend and a tuition scholarship each semester during the Pharm.D. portion of the Program.  The payment schedule will be as follows:  four (4) Summer Semesters (beginning with the summer prior to enrollment in the College of Pharmacy), stipend of $4,000; eight (8) Fall and Spring Semesters (one each per academic year) in-state tuition scholarship per semester (non-residents who are accepted into the Program will be given resident status while in the Program), which will include payment for tuition by direct transfer of funds to the Registrar for my behalf.  I understand that I may be liable for taxes on any portion of the Conditional Grant, and that it is my responsibility to maintain records of tuition and educational expenses for tax purposes.

            5.   After completion of the Pharm.D. degree requirements I will be awarded an annual stipend equal to that paid to other full-time Ph.D. graduate students, for a maximum of four years, while completing the Ph.D. degree requirements.  The stipend will be continued based upon satisfactory performance in the Ph.D. portion of the Program, to be judged as described in Paragraph 2 above, and working a required twenty (20) hours per week as a Graduate Assistant in the College of Pharmacy.  In addition, during the Ph.D. portion of the Program, I will be awarded a waiver of tuition.  If I require more than four years to complete the Ph.D. degree I must make a written request for an extension of the stipend to the Associate Dean for Graduate Affairs of the College of Pharmacy.

            6.   At anytime after the completion of the Pharm.D. portion of the Program, if I elect to continue the Ph.D. program but not accept a stipend and perform the required hours of Graduate Assistance service, I agree to repay to the University of Tennessee the tuition scholarship portion of the Conditional Grant received during the Pharm.D. portion of the Program and any pro-rata annual stipend already received during the Ph.D. portion of the Program at the time of such election.  The foregoing repayment obligation will be subject to and pursuant to the terms and conditions outlined in Paragraph 9 below.  I further agree to execute a promissory note to the University of Tennessee to evidence my obligation to repay.

            7.   If during the Pharm.D. or Ph.D. portions of the Program, I am awarded a stipend from an external funding agency, as a result of national competition (e.g. AACP, AFPE, NIH), any amount of the competitive stipend that I may receive in addition to my tuition scholarship or annual stipend, whichever the case may be, will be determined by the then existing policies of either the College of Pharmacy or the College of Graduate Health Sciences in which I am then enrolled.  The remainder of the awarded stipend not received by me will be assigned and paid to either the College of Pharmacy or the College of Graduate Health Sciences to be applied for purposes to be approved by the Program.

            8.   I acknowledge that the Program discourages any outside employment while I am in the Program to allow me to complete the Program in a timely manner.  In the event that my faculty advisor or the Pharm.D./Ph.D. Committee judge that I am not making satisfactory progress, I agree to limit my outside employment to no more than sixteen (16) hours on weekends.  Outside employment on University holidays is within the student's discretion.  I also acknowledge and agree that during the time that I am completing the Pharm.D. degree requirements that I will devote a minimum of six (6) hours per week working on assigned research as a condition for receiving the tuition scholarship during the Pharm.D. portion of the program, said hours will be verified by the responsible faculty member and initialed by the Program Chair.

            9.   If I do not complete the requirements of both the Pharm.D. and Ph.D. portions of the Program at the University of Tennessee because I either voluntarily withdraw from the Program, or I am declared ineligible to continue in the Program in accordance with Paragraphs 1 and 2 above or I am dismissed pursuant to the UTCHS Centerscope Student Handbook for the College of Pharmacy academic dismissal procedures, I acknowledge and agree that I will be immediately liable for repayment to the University of Tennessee for all sums transferred by the University to the Registrar for my benefit as tuition scholarship payments for each semester during the Pharm.D. portion of the Program.  I hereby agree to repay the University of Tennessee the total amount of the foregoing tuition scholarships ("the Conditional Grant") received plus ten percent (10%) annual percentage rate compounded in the following manner.  Calculation of compound interest on the existing Conditional Grant shall commence retroactively to the date that each tuition scholarship was transferred to the Registrar for my benefit in accordance with Paragraph 4 above ("the Conditional Grant Date").  Interest shall be compounded annually on each tuition scholarship from each Conditional Grant date until the date that the University and I enter into a Repayment Agreement, if any, or until the date of payment in full of the principal and compounded interest due if no Repayment Agreement is entered into.  I agree to enter into a Repayment Agreement with the University no later than ninety (90) days after the occurrence of any of the events listed in this paragraph above if I am to be allowed to repay to the University the principal and compounded interest then due over a period of time.  If no Repayment Agreement is signed by me within said ninety (90) days, the total amount of principal and compounded interest is due in full at the end of said ninety (90) day period.  If the total amount of principal and compounded interest is not paid in full at this time, the ten percent (10%) interest continues to compound annually until the total amount due is paid in full.  If I request within said ninety (90) day period, I shall be granted by the University a maximum of 48 months after the occurrence of any of the events listed above in this paragraph to repay the total amount of principal and compounded interest then due.  If I elect to repay over a period of time, the University and I will enter into a Repayment Agreement amortized over a period of up to forty-eight (48) months with the ten percent (10%) interest compounded monthly on the amount of principal and compounded interest due at the beginning of each month.  I hereby agree to pay the University's reasonable collection costs, if the obligation created under the terms of the paragraph is referred for collection action.  Further, in the event that legal action is instituted to enforce the provisions of this Conditional Grant Agreement ("Agreement") or to collect any amount due under this Agreement I agree to pay attorney fees in an amount of thirty-three and one-third percent (33 1/3%) of the unpaid balance of principal and interest and all associated court costs incurred.  I further agree that if legal action is instituted to enforce the provisions of this Agreement, this Agreement shall constitute transacting business within the State of Tennessee by and between me and the University for jurisdictional purposes.  If my failure to complete the Program is due to a demonstrable personal hardship I may appeal the foregoing repayment requirement to an ad hoc committee established by the Dean of the College of Pharmacy and the Dean of the College of Graduate Health Sciences.  Said Committee may waive the repayment requirement only for good cause shown.  In addition, the foregoing repayment provisions will be waived in the event of my permanent total disability certified in writing by two licensed physicians or my death.  If I complete the Pharm.D. Degree and enroll as a full-time Ph.D. student, but do not complete the Ph.D. requirements, the repayment of the tuition scholarships I received will be forgiven on the basis of one semester of tuition scholarship credited for every semester completed as a full-time Ph.D. student.

            10.  The payment of grant funds provided for herein is expressly contingent upon the continued availability of funds under the annual Appropriations Act of the State of Tennessee, and the amount of the Conditional Grant may be increased or decreased according to the availability of funds under the Act.

            11.  I acknowledge and agree that the Program is designed to allow for the substitution and/or waiver of certain courses in the Pharm.D. curriculum because related material will be taken as a Ph.D. graduate student.  If I withdraw from the Program before graduating with the Pharm.D. degree, but elect to pursue only the Pharm.D. degree, I understand that I may be required by the College of Pharmacy to make up courses, clerkships or externships that were substituted or waived.

            12.  Any academic action contemplated by the terms of Paragraphs 1, 2, and 9 of this agreement my be appealed pursuant to the appeal procedures outlined in the UTCHS Centerscope Student Handbook for the College of Pharmacy.

            13.  Tennessee Law Binding

The undersigned hereby agree that this Agreement shall be governed by and construed in accordance with the laws of Tennessee.

            14.  This Agreement is not assignable.

            15.  Entire Agreement

______ This Agreement supersedes all previous contracts and constitutes the entire agreement regarding this subject between or among the undersigned.  No oral statements or prior written material not specifically made a part of this Agreement shall be of any force or effect.  This Agreement includes all provisions contained herein as well as any specified attached Addenda.  Acceptance of this agreement is indicated through the signatures below.

 ______16.  Each of the provisions and requirements described above have been personally discussed with me by a representative of the College of Pharmacy, and I have been given a full opportunity to ask any questions and/or to seek appropriate counsel.  I understand and agree to all of the foregoing terms.

IN WITNESS WHEREOF, THE PARTIES HERETO HAVE HEREUNTO SET THEIR HANDS AND SEALS ON THE DAY AND YEAR AS SET FORTH BELOW.

______________________________________________                    _________________

Student                                                                                                      Date

ACKNOWLEDGMENT

Sworn to and Subscribed before me this ___ day of ____________, 20___

______________________________________________  

Notary Public

My Commission expires:

For the University of Tennessee                                                                For the College of Pharmacy

______________________________________________                   ______________________________________________  

William F. Owen, Jr., MD                                                                        Dick R. Gourley, Pharm.D.

Chancellor                                                                                                Dean

University of Tennessee Health Science Center

 _________________                                                                             _________________

  Date                                                                                                         Date

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