Bylaws of Merit Network, Inc.Amended July 6, 2007Article X. Fees and Voting Rights
Section 1.
Each Member Institution shall pay an annual Membership fee to support the operation of the network and to carry out such other
projects as may be agreed upon. Membership fees for the next fiscal year are set at the mid-year meeting of the Board of Directors.
Membership fees shall be set using the Membership fee model adopted at the annual meeting.
Section 2.
Each Member will be assigned both a single Fixed Vote, and a Proportional Vote equal to the Membership fees paid by that member
divided by the total Membership fees contributed by all Merit Members and expressed as a percentage. "Vote", as used elsewhere
in these Bylaws, is defined as the results of BOTH the Fixed vote AND the Proportional vote. "Total Membership" is defined as
all of the Member Institutions, and is not limited to those attending and participating by proxy.
Section 3.
Proportional voting rights will be calculated and appropriate values assigned at the beginning of each fiscal year and will be based
upon the Membership fee model approved for that year. The Board of Directors may consider modifications to Proportional voting
rights during the fiscal year, but, because any such modifications would necessarily be the result of modifications to Membership
fees, any such action requires reconsideration of the annual budget.
Section 4.
With the exception of those specific actions identified in Section 5 below, adoption of any action must be supported by a simple
majority of the Vote of the Total Membership as defined in Section 2 of this Article.
Section 5.
Adoption of any action resulting in a change to the bylaws, a change in the fiscal agent, or the approval or modification of the
annual budget requires at least a 2/3 majority of the Vote of the Total Membership as defined in Section 2 of this Article.
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