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EXHIBIT C <br /> EXECUTIVE EDUCATION AND ENTREPRENEUR TRAINING PROGRAMS <br /> As described in Section 3.8.1, Developer shall provide executive education and <br /> entrepreneur training programs for Redwood City residents,businesses and City staff through the <br /> Stanford University Graduate School of Business, at a total estimated cost to Developer of <br /> $5,000,000 ("Economic Development Contribution"). The specific programs are described in <br /> detail in this Exhibit C. As long as the obligations pertaining to the Economic Development <br /> Contribution remain in effect, the City Manager and at least one representative from the <br /> Graduate School of Business shall meet annually to discuss the program content, profile of the <br /> program participants, upcoming deadlines for reserving program space, suggested program <br /> improvements, and adjustments to the budget allocations among the programs and adjustments to <br /> other terms of Section 3.8.1 and this Exhibit C that are mutually agreeable to the Parties. Such <br /> changes may include a mutual decision to terminate a program if the Parties conclude the <br /> program has not achieved the Parties' objectives, in which event the remaining budget amount <br /> from the terminated program shall be reallocated to one or more of the other programs described <br /> in this Exhibit C. <br /> l. Entrepreneurship Boot Camp. For a period of at least five years, the Stanford <br /> Graduate School of Business ("GSB") will provide at no cost to the City, a customized <br /> educational program to local Redwood City entrepreneurs ("Entrepreneurship Boot Camp"). <br /> The content of each program session will be determined by the GSB in consultation with the City <br /> Manager or his or her designee and will be based on the profile of the participants. Example <br /> topics include Strategy, Personal Leadership, Marketing, Critical Thinking, Negotiation, <br /> Innovation, and Entrepreneurship. <br /> a. Selection of Participants. The City Manager or his or her designee will <br /> solicit participation and select a total of up to 40 participants to attend each one-year customized <br /> Entrepreneurship Boot Camp. The City Manager may elect to change the selection criteria each <br /> year in order to draw participants from different types, sizes, or geographic locations of <br /> businesses. <br /> b. Program Schedule and Amenities. The selected participants will attend <br /> three two-day sessions over the course of a one-year period to be held at the GSB. Each <br /> participant is expected to attend all three sessions to complete a one-year cycle. The GSB will <br /> provide written materials, beverages, lunch and snacks. Participants in the Entrepreneurship Boot <br /> Camp will not stay overnight at the GSB. <br /> c. Advance Notice. The City Manager or his or her designee and the GSB <br /> will select and reserve available dates for each of the Entrepreneurship Boot Camp sessions at <br /> least six months in advance of commencement of each one-year program cycle. Once the session <br /> dates have been selected, the GSB will deduct the entire annual program cost from the program's <br /> budget allocation. The GSB will work cooperatively with the City to reschedule dates once per <br /> program cycle if substitute dates are available at no additional cost to the GSB, including <br /> EXHIBIT C <br /> 1 <br /> ATTY/AGR/2013.134/STANFORD DEVELOPMENT AGREEMENT <br /> REV: 08-14-13 PT <br />