M.H. (MIKE) NICOLS SCHOLARSHIP PLAN

OBJECTIVE

The objective of this program is to encourage and assist students through the medium of a financial award, to further education at the post-secondary level, thereby improving their potential for personal fulfilment, for a meaningful contribution to society and hopefully to the Insulation Industry. A scholarship is an award made in recognition of academic achievement, general proficiency and financial need.

OUTLINE

The Scholarship is available to qualifying students who are proceeding directly to a full-time, post-secondary educational program to obtain a degree, certificate or diploma, at an accredited Canadian University or Canadian Community College. Each student applying must be an Eligible Dependent of a Qualifying Member.

The amount of this Scholarship will be equal to the basic tuition fees levied by the University or College. This Scholarship may be renewed on personal application to the Trustees, annually for three (3) years or until first graduation, if earlier, provided the initial qualifying standards are maintained or regained. (Co-operative courses will be considered to qualify. Consideration will be given to degree courses requiring more than the standard number of years to complete.)

All applications will be referred to an independent University Awards Officer who will make a recommendation, as to the recipient of the Scholarship, to the Board of Trustees of the Benefit Fund. The selection will be based on the written applications and supporting data submitted by and on behalf of the applicants. Determining factors will be considered in this order of precedence:

(1) need for financial assistance, recognizing family circumstances, personal work effort, other scholarships, bursaries, awards, etc. (including O.S.A.P.);

(2) Academic history and background with emphasis on proficiency in the year of application.

In order to maximize the amount of financial aid available, the applicants for this Scholarship must disclose to the Trustees the extent of all other scholarships, bursaries or awards (including O.S.A.P.), to be applied for or received.

In any year, in order to better serve the program objectives, bursaries may be awarded instead of a scholarship to qualifying applicants.

The Scholarship payments will be made directly to the applicable University or Community College on behalf of the applicant.

The Scholarship program can be terminated by the Trustees at any time, however, outstanding commitments for the current year will be met.

DEFINITIONS

(a) Eligible Dependent

For the purpose of the Scholarship Fund, an Eligible Dependent" is a child of the "Qualifying Member" who has been accepted as a student, of a Canadian University or a Canadian Community College. Legal guardianship will also qualify the child as an "Eligible Dependent".

(b) Qualifying Member

 For the purpose of the Scholarship Fund, a "Qualifying Member" is:

  • an active Member, in good standing, of the Asbestos Workers Local 95 Union who has been in benefit in the Asbestos Workers Local 95 Benefit Fund at some time in the twelve (12) months immediately preceding the start of the school term for which application is made for the Scholarship;
  • a deceased Member of the Asbestos Workers Local 95 Union on whose behalf Life insurance or pension payments are or have been made by the Asbestos Workers Local 95 Benefit Fund;
  • a disabled Member of the Asbestos Workers Local 95 Union who is collecting disability benefits from either the Weekly Disability Income or Long Term Disability Income Plans, provided by the Asbestos Workers Local 95 Benefit Fund, or Workers' Compensation, or U.I.C.
  • a retired Member of the Asbestos Workers Local 95 Union who is receiving pension benefits from the Asbestos Workers Local 95 Pension Fund.

QUALIFICATIONS

New Applicants

  • the applicant must be an ELIGIBLE DEPENDENT OF A QUALIFYING MEMBER;
  • the applicant must have completed secondary education requirements and be accepted by an accredited Canadian University in a degree course, or a Canadian Community College in a degree, certificate or diploma course;
  • the applicant must submit:
    (i) his or her Grade twelve (12) (and if applicable Grade thirteen (13)) marks on a form issued by the High School attended. Final marks must be forwarded as soon as they are available;
    (ii) a letter of appraisal from the Principal, Vice Principal or Guidance Counsellor of the High School.
  • (d) the applicant must submit a letter in his or her own handwriting detailing:
    (i) their need for financial assistance, family circumstances, personal work effort, other scholarships, bursaries, awards (including O.S.A.P.);
    (ii) their academic history and background (emphasizing proficiency in the year of application);
    (iii) their extra curricular activities and interests;
    (iv) any positions of leadership they may have held;
    (v) their educational and vocational goals.
  • the applicant must submit a copy of his or her University/College acceptance letter, when available;
  • the applicant must disclose to the Trustees the extent of any and all other scholarships, bursaries or awards (including O.S.A.P.) which have been applied for or received;
  • signature of a union official is required on the form, where indicated, to verify the relationship between the applicant and the Qualifying Member;
  • application forms are available from:

    (i) Asbestos Workers Local 95 Benefit Fund
    c/o Benefit Plan Administrators Limited
    P.O. Box 6020, Stn. "B"
    Etobicoke, Ontario
    M9W 7A3
    Tel: (416) 745-6466

    (ii) Asbestos Workers Local 95 Union Office
    60 Ironside Crescent, Unit 1
    Scarborough, Ontario
    M1X 1G4
    Tel: (416) 609-3310


Applications must be submitted to the Trustees no later than JUNE 1ST of each year to allow time for the determination of the successful applicant.