Common use of Annual Membership Fee Clause in Contracts

Annual Membership Fee. Your Annual Membership Fee is based on a combination of the Membership Class you chose on page 1 of this Agreement (i.e., Strategic, Contributing, Associate, or Committer – most new members choose Contributing Membership Class), as well as the type of your organization/company and your annual revenues, which you will indicate below in Table 1. The Annual Membership Fee is as listed in Table 2. On an annual basis, on your Annual Billing Date as defined below, we will invoice you the amount indicated by your choice of Membership Class and your selection in Table 1, in accordance with this Agreement and the Eclipse Foundation Bylaws. Please note: By default, Member will be billed its Annual Membership Fee on the Effective Date of this Agreement, and on the anniversary of that date each year (the “Annual Billing Date”). As an exception to the foregoing, if Member (i) has been or currently is a party to a Xxxxxxx.xxx Foundation, Inc. membership agreement, and (ii) has paid its membership fees in full to Xxxxxxx.xxx Foundation, Inc., within the past twelve (12) months from the Effective Date of this Agreement, then the following shall apply to your Annual Membership Fee and Annual Billing Date: