['AGREEMENT', '|', 'between.', 'and', 'the', 'PHILIP', 'MORRIS', 'NORTH', 'CAROLINA', 'AGRICUL', 'TURAL', 'FOUNDATION,', 'INC,', 'NORTH', 'CAROLINA', 'STATE', 'UNIVERSITY', 'The', 'Philip:', 'Morris', 'Company,', 'Richmond,', 'Virginia,', 'hereby', 'establishes', 'a', 'scholarship', 'program', 'at', 'North', 'Carolina', 'State', 'University', 'for', 'students', 'in', 'the', 'Agricultural', 'Institute', 'in', 'the', 'School', 'of', 'Agriculture', 'and', 'Life', 'Sciences.', 'The', 'scholarship', 'program', 'shall', 'be', 'administered', 'according', 'to', 'the', 'following', 'provisions:', '1,', 'Name', 'of', 'Program,', 'The', 'scholarship', 'program', 'shall', 'be:', 'known', 'as', 'the', 'Philip', 'Morris', 'Agricultural', 'Institute', 'Scholarships', 'in', 'Agriculture,', '2.', 'Contributions.', 'An', 'annual', 'contribution', 'of', '$5,', '000', 'to', '$6,', '000', 'shall', 'be', 'deposited', 'with', 'the', 'North', 'Carolina', 'Agricultural', 'Foundation', 'by', 'August', '1', 'beginning', 'with', 'the', 'academic', 'school', 'year,', '1978-79,', 'with', 'one=half', 'of', 'this', 'amount', 'being', 'deposited', 'by', 'August', '1,', '1977,', 'to', 'initiate', 'the', 'program,', '3.', 'Selection', 'of', 'Scholarship', 'Recipients,', 'The', 'recipients', 'shall', 'be', 'selected', 'by', 'the', 'Scholarship', 'Committee', 'of', 'the', 'School', 'of', 'Agriculture', 'and', 'Life', 'Sciences.,', '4.', 'Criteria', 'for', 'Scholarship', 'Awards', 'and', 'Amount.', 'The', 'Philip', 'Morris', 'Agricultural', 'Institute', 'Scholarship', 'recipients', 'shalll', 'be', 'residents', 'of', 'tobacco', 'producing', 'counties', 'in', 'North', 'Carolina', 'or', 'countiés', 'from', 'any', 'state', 'in', 'the', 'nation', 'producing', 'tobacco', 'with', 'preference', 'being', 'given', 'to', 'students', 'who', 'come', 'from', 'tobacco', 'producing', 'farms,', 'The', 'scholarships', 'shall', 'be', 'awarded', 'on', 'the', 'basis', 'of', 'financial', 'need,', 'character,', 'interestin', 'agriculture,', 'and', 'in', 'keeping', 'with', 'University', 'standards.,', ')', 'The', 'Philip', 'Morris', 'Agricultural', 'Institute', 'Scholarships', 'shall', 'be', 'in', 'the', 'amount', 'up', 'to', 'full', 'tuition', 'and', 'fees', 'to', 'attend', 'the', 'University', 'for', 'one', 'academic', 'school', 'year', 'based', 'on', 'the', 'rate', 'for', 'instate', 'students', 'with', 'one-half', 'of', 'the', 'scholarship', 'to', 'be', 'used', 'each', 'semester', 'of', 'the', 'academic', 'school', 'year,', '0018920002']