1. Policy
   
   In the course of their University duties staff may become eligible for special grants, awards, purses or prizes.
   
   When staff members are notified that they are in line for certain grants, awards, prizes or purses, they are asked how they wish these to be paid. They may exercise one of two options and may receive payment either as
   
   
   1. a grant for research, library or extension service projects, or alternatively as
      
      
   2. a salary or benefit in terms of the University's remuneration policy.
   
   
   Once a choice has been made it is irrevocable, regardless of whether the grant is recurrent or non-recurrent.

2. Options
   1. Research, library or extension service grant
      
      Should the award be a research, library or extension service grant for an approved project, it is credited to
      
      
      1. a research entity, or
         
         
      2. a library entity, or
         
         
      3. an extension service entity.
      
      All expenditure from a research, library or extension service entity must comply with the rules for such entities.
      
      These rules allow approved expenditure on travel and subsistence (including the costs associated with study and research leave, contact leave or special leave approved by the relevant University committee or authority), the payment of salaries of support staff, and the purchase of equipment or other capital goods. Where equipment or any capital good is acquired, this is the property of the University and is recorded in the University's asset register.
      
      
   2. Salary
      
      Should the salary option be chosen, the grant, award, prize or purse is subject to income tax. It may be taken as
      
      
      1. pensionable salary (this option applies only to recurrent awards, guaranteed for the remainder of the staff member's service, and the full cost of the employer's pension fund contribution is deducted).
         
         
      2. a non-pensionable allowance (payable as a lump sum or in monthly amounts equal to the total value of the funds set aside for this purpose).

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