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ATT...,,..�.,T„ 7.A. - Page 191 b. Program Schedule and Amenities. Each of the Management Program will be an immersive program at the GSB, which either will consist of five consecutive days or two sessions of two and one-half days. Participants will stay at the Schwab Residential Center for the duration of the program. The GSB will provide written materials, beverages, and meals (breakfast, lunch, dinner and snacks). Except as specified in Section 2(h), below, both programs shall be completed within two years of execution of the Development Agreement. c. Advance Notice. The City Manager or his or her designee and the GSB will select and reserve available dates for each of the Management Programs at least six months in advance of commencement of each program. Once the program dates have been selected, the GSB will deduct the applicable Management Program cost from the program's budget allocation. The GSB will work cooperatively with the City to reschedule dates once per program if substitute dates are available at no additional cost to the GSB, including opportunity costs. In no event can dates be cancelled or rescheduled upon less than 60 days notice. d. Marketing. No marketing materials are needed for the Management Program. e. Initial Budget Allocation. Because the Management Program is a customized program, with sessions attended exclusively by City employees, the GSB's cost of providing each of the two programs is fixed and will not vary if fewer employees participate in each of the programs. The initial budget allocated to this program is $370,000 for the one senior-level program to be provided to up to 12 employees and $440,000 for the one mid-level program to be provided to up to 40 employees, for a total amount of$810,000. £ Effect of Reallocation of Bud�eted Amounts. By mutual agreement, the City Manager and Developer may elect to reallocate to the Management Program budget any unused amounts allocated to other programs described in this Exhibit C. The amount reallocated to the Management Program budget can be applied to future Management Programs in addition to the two programs identified in the initial budget allocation, or such amount may be used to enable additional participants to attend the senior-level employee program, up to a total of 40 participants, identified in the initial budget allocation. No additional participants can be allowed for the mid-level employee program. g. Extension of Pro�ram Bevond the Initial Two Pro�rams. After the initial two programs, the GSB may increase the cost for the Management Program by an amount that is consistent with the retail price that the GSB charges for substantially similar programs. When the remaining budgeted amount for the program is less than the cost of the program, the remaining budgeted amount will be reallocated to a different program described in this Exhibit C. h. Citv Option to Defer Second Mana�ement Pro�ram. City, at its option, may defer the second mid-level Management Program up to two years following completion of the first senior-level program. 3. Entre�reneurshi� Hosting Events. For a period of at least five years, the GSB, at no cost to City, will host two educational/networking events per year in Redwood City targeted EXHIBIT C OAK#4824-6359-3743 vll 3 ATTY/AGR/2013.134/STANFORD DEVELOPMENT AGREEMENT REV: 08-14-13 PT