Health Care Provider Education Scholarship Program Guidelines.

The owners of MedicalStaffingSystems.com believe that successful businesses have an obligation to return some portion of net profits to the benefit of our communities.

While each organization must develop its own policy line with regard to contributions, we believe that, at this time, there is no greater need than promoting adequate healthcare for all United States citizens. We believe we can best help accomplish this goal by contributing to the cost of educating individual health care providers.

For these reasons, MedicalStaffingSystems.com will donate all net profits after taxes to a scholarship program for health care provider education.

The Basic Guidelines for our Health Care Provider Education Scholarship Program are:

Scholarship Funding: Final determination of net profit will be at the sole discretion of the Company. The following general rules will apply to the accumulation and distribution of scholarship funds.

• The amount available for funding the program will be determined on an annual basis. The availability of funds for any given year will be announced on our website (MedicalStaffingSystems.com) by May 31 each year.
  
  
• Net profit after taxes is the revenue generated by MedicalStaffingSystems.com that remains after paying or accruing for all costs and taxes associated with MedicalStaffingSystems.com, including the costs of System updates or upgrades, costs of notifying colleges, universities, students and employers of the availability of scholarships, and costs associated with awarding and monitoring scholarships.
  
  
• Should available scholarship funds exceed qualified applications for scholarships in any given year, the excess funds will be applied toward scholarships in future years.
  
  
• Scholarships will be granted only for uses that qualify the scholarship as "tax free" under IRS rules in effect at the time the scholarship is funded. For example, pertinent portions of IRS Publication 970 Tax Benefits for Education (2008 edition), provide that: A scholarship is tax free only if the student is a candidate for a degree at an eligible institution, and uses the scholarship to pay qualified education expenses. A student is a candidate for a degree if he/she attends a primary or secondary school or is pursuing a degree at a college or university, or attends an accredited educational institution that is authorized to provide (1) a program that is acceptable for full credit toward a bachelor's or higher degree, or (2) a program of training to prepare students for gainful employment in a recognized occupation.
  

Criteria for Distribution of Scholarship Funds: The final decision on awarding the scholarships to students of specific educational institutions is at the sole discretion of Professional Resource Solutions, the parent Company of MedicalStaffingSystems.com. The following general factors will be considered in the decision making process:

• The amount of scholarship dollars contributed will be based upon the annual revenue generated from the use of the System by health care employers in each state. The scholarship funds may be distributed to qualifying educational programs in that state, or in other states from which the employers recruit. An employer may designate the specific schools that it wishes to support, and we will endeavor to award scholarships to schools based on such designations, but the final decision is at our sole discretion. For example, if an employer in New York recruits primarily from New York schools and New Jersey Schools, that employer may designate schools in New York and/or New Jersey as its desired recipients of scholarships.
  
  
• Priority for scholarship funds may be given to individuals registered, on either an active or inactive basis, in the MedicalStaffingSystems.com system.
  

Criteria for Qualifying for Scholarship Funds: The final decision on awarding the scholarships to specific students is at the sole discretion of Professional Resource Solutions, Ltd., the parent company of MedicalStaffingSystems.com.

Individuals just starting health care provider education and those seeking additional health care provider degrees are eligible. For example, a Registered Nurse advancing education to Nurse Practitioner, Physicians Assistant or other advanced training level is eligible to apply for a scholarship.

The following general factors will be considered in the decision making process:

• Health care specialty designation being pursued
  
• Grade Point Average
  
• Student must be a United Sates Citizen or in the process of becoming a U.S. Citizen. (Preference may be given to U.S. Citizens.)
  
• Financial need may be considered, but will not be the primary determining factor.
  

Application Process: The final decision on the amount of each scholarship is at the sole discretion of Professional Resource Solutions, Ltd., the parent company of MedicalStaffingSystems.com. The following processes and factors will be considered:

• The maximum scholarship amount granted to any one student in any one academic year will be $5,000. The academic year is defined as July 1 through the following June 30, during which an applicant is enrolled in a qualifying school.
  
  
• Receipt of a scholarship will not disqualify a student from applying for or receiving another scholarship in future years.
  
  
• Scholarships will be awarded only for tuition and other qualifying costs applicable to courses required for completion of the health care specialty designation being pursued.
  
  
• Applicants must complete the MedicalStaffingSystems.com Scholarship Application form and provide any required attachments. Applications must include confirmation of enrollment from the Dean of the school the student is attending, or will be attending.
  
  
• The School must agree to have the scholarship funds paid directly to the School to be credited to the student's tuition account for use only for those education expenses that qualify for tax free treatment by the IRS.
  
  
• Applicants who are receiving other financial assistance (scholarships, grants, fellowships, etc.) should contact their financial aid officers to determine how the receipt of a scholarship from the MedicalStaffingSystem.com Health Care Provider Scholarship Program may affect their eligibility for such other financial assistance.
  
  
• Some states may require state or local taxes be paid on scholarships. Any state or local taxes are the sole responsibility of the student receiving the scholarship. Federal taxes due as the result of the failure to limit the use of scholarship funds to only qualifying expenses, receipt of other financial assistance, or any other circumsance which results in the taxation of the scholarship are the sole responsility of the student.
  
  If MedicalStaffingSystems.com is required to report scholarship awards to any state, local or federal government taxing authority, necessary tax indentification numbers will be obtained prior to funding the scholarship.
  

Process for distributing scholarship funds:

• The student will be notified in writing of the amount of scholarship awarded and how to claim it.
  
  
• Scholarship awards will be paid directly to the school the recipient is attending (or will attend) to be credited directly to that student's tuition account. Scholarships are to be applied only to tuition, fees, books, supplies and equipment that qualify for tax free scholarship status.
  
  
• If a student drops out of school, or changes to a major other than a qualified Health Care Provider designation, before 100% of the scholarship awarded has been applied to eligible costs, the balance of the scholarship will be returned to MedicalStaffingSystems.com to be applied toward future scholarships for other students.
  

Accountability:

MedicalStaffingSystems.com could not provide this scholarship program without the active participation in the System by individual health care providers and health care employers. Further, colleges, universities and technical schools are also participants in terms of assisting students to apply for scholarships, and by working with employers to determine and train for future health care provider needs. Accordingly, participating employers and educational facilities will receive annual reports on the success of our Scholarship Program.

• Employers will be notified of the total scholarship dollars made available for its state, and the amount directly attributable to that employers participation in the System.
  
  
• Each educational facility (participating colleges, universities and technical schools) will be notified of the total scholarship dollars made available for their state, and the percentage of that total that was awarded to students attending that facility.
  
  
• Efforts will be made to publicize nationally through television and other appropriate media the Program, the Participants and the total financial contribution made to health care provider education as the result of the participation and support of health care employers.
  

While it is our intent to continue the Health Care Provider Education Scholarship Program indefinitely, the Company reserves the right to review the goals and effectiveness of the Program at least annually and modify or discontinue funding. In the event the Program is discontinued, any funds previously committed will be awarded, unless an insufficient number of qualified applications are received.


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