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foundation:draft_by_laws [2009/07/22 04:17]
mprutsalis created
foundation:draft_by_laws [2010/12/18 17:35] (current)
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 Invited Members shall be notified by electronic means and shall have 30 days to respond. The initial Members of the Foundation shall be admitted upon the affirmative vote of the Board of the Foundation at the initial meeting of the Board. \\ Invited Members shall be notified by electronic means and shall have 30 days to respond. The initial Members of the Foundation shall be admitted upon the affirmative vote of the Board of the Foundation at the initial meeting of the Board. \\
 **Section 2.2: Admission of Members.** To be eligible for membership, a person or entity must be nominated by a current Member of the Foundation and complete a written membership application in such form as may be adopted by the Board from time to time. The nomination must be included in a notice to the Members, if any, of the Foundation at least fourteen (14) days prior to any vote on the applicant's admission, which notice may be by electronic means. A Member may only nominate two persons for membership in a given calendar year. \\ **Section 2.2: Admission of Members.** To be eligible for membership, a person or entity must be nominated by a current Member of the Foundation and complete a written membership application in such form as may be adopted by the Board from time to time. The nomination must be included in a notice to the Members, if any, of the Foundation at least fourteen (14) days prior to any vote on the applicant's admission, which notice may be by electronic means. A Member may only nominate two persons for membership in a given calendar year. \\
-Members of the Foundation shall be admitted only by a majority vote of the existing Members of the Foundation, and after receipt by the Secretary of a membership application completed by each such proposed Member within thirty (30) days following the vote.+Members of the Foundation shall be admitted only by a majority vote of the existing Members of the Foundation, and after receipt by the Secretary of a membership application completed by each such proposed Member within thirty (30) days following the vote. \\
 **Section 2.3: Voluntary Resignation of Membership.** A Member may resign from membership in the Foundation at any time upon written signed notice delivered to an officer of the Foundation. \\ **Section 2.3: Voluntary Resignation of Membership.** A Member may resign from membership in the Foundation at any time upon written signed notice delivered to an officer of the Foundation. \\
 **Section 2.4: Termination of Membership.** No Member may have his or her membership terminated except by the affirmative vote of two-thirds of the Members of the Foundation. \\ **Section 2.4: Termination of Membership.** No Member may have his or her membership terminated except by the affirmative vote of two-thirds of the Members of the Foundation. \\
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 == COMMENT or QUESTION or SUGGESTED WORDING CHANGE == == COMMENT or QUESTION or SUGGESTED WORDING CHANGE ==
-**Article & Section & Sentence:** \\ +**Article & Section & Sentence:** Article 3 Section 3.12 Conflict of Interest\\ 
-**Comment:** \\+**Comment:** The first sentence is very long and hard to parse. Is this a standard sentence? If not can you please split. I cannot make suggestions since I cannot parse it.\\
 **Explanation or Justification for Change:** \\ **Explanation or Justification for Change:** \\
-**Name:** \\+**Name:** Louiqa\\ 
 +**Reply:**: This language is standard legalese - I agree it is long and hard to parse, but is necessary to cover all contingencies.  I'll look to see if I can find a shortened or more easily readable form - Mark \\
  
  
 +**Article & Section & Sentence:** Article 3 Section 3.9 Compensation\\
 +**Comment:** What is the justification for compensation for Board members?\\
 +**Explanation or Justification for Change:** \\
 +**Name:** Louiqa \\
 +**Reply:**: This language simply allows (rather than prohibits) Board Members to be compensated for their services to the Foundation or simply for reimbursement of expenses.  It is not expected that board membership is otherwise a compensated position.  This is a fairly standard clause - Mark \\
  
 +**Article & Section & Sentence:** \\
 +**Comment:** \\
 +**Explanation or Justification for Change:** \\
 +**Name:** \\
  

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