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4. Executive Education O�en Enrollment Pro ra�ms. The GSB will provide $1,020,000 for participation in GSB open enrollment programs by Redwood City entrepreneurs ("Open Enrollment Programs"). The open enrollment programs are described on the GSB website. The funding provided to Redwood City for this program can be used for any of the Open Enrollment Programs that are offered at the GSB buildings at Stanford; open enrollment programs offered at other Stanford facilities ar at other locations are excluded. a. Selection of Participants. The City Manager or his or her designee will solicit participation and select the participants eligible to apply to the Open Enrollment Programs. The City Manager or his or her designee may also elect to limit the programs that the participants may choose. Once a participant has been selected by the City Manager or his or her designee, the participant must apply to the GSB for enrollment in the program. Each faculty member at the GSB applies selection criteria to ensure that the program participants have a similar level of experience and expertise. The general selection criteria are published on the GSB website. If the GSB determines the participant meets the criteria for enrollment, and if the participant applies to the program before it is filled, the GSB will enroll the participant in the program. b. Program Schedule and Amenities. The programs will be offered on the dates advertised to the public. Some of the programs include overnight stays at the Schwab Residential Center. c. Advance Notice. The participants selected by the City Manager or his or her designee must apply to the Open Enrollment Programs before the program is filled and closed for enrollment. Once the GSB enrolls a participant in the Open Enrollment Program, the GSB will deduct the published retail price of the applicable program from the budget allocation for the Open Enrollment Programs. The GSB will apply its generally applicable rules and policies to any request to reschedule participation in an Open Enrollment Program. d. Marketin� Materials. In order to assist the City in soliciting attendees, the GSB will develop and produce up to 500 copies of written materials each year, such as a brochure or flyer, as well as web-based content to describe the Open Enrollment Programs and the City's process for selecting participants. City will be responsible for publicizing the program and disseminating the marketing materials. e. Initial Budget Allocation. The cost of each of the Open Enrollment Programs varies depending upon the length and content of the program. The retail price for each program is published on the GSB website. The initial budget allocated to this program is $1,020,000 for participation in the program by Redwood City entrepreneurs plus an additional $30,000 to be used by the GSB to prepare marketing materials for the program f. Effect of Fees Charged to Participants and/or Reallocation of Bud e� Amounts. The City Manager may choose to require program participants to pay a fee to attend the Open Enrollment Programs. If the City Manager requires participants to pay such a fee, the participants will remit payment directly to the GSB. The GSB will hold such payments in a non- interest bearing account established to supplement the Open Enrollment Program budget allocation. By mutual agreement, the City Manager and Developer also may elect to reallocate EXHIBIT C 5 ATTY/AGR/2013.134/STANFORD DEVELOPMENT AGREEMENT REV: 08-14-13 PT