Common use of Membership Criteria; Nominations Clause in Contracts

Membership Criteria; Nominations. After the appointment of the initial Governing Members, Governing Members shall be nominated in accordance with this clause (c). The Membership Committee of the Council (the “Membership Committee”) will propose a set of objective qualifications and criteria for admission to the Council (the “Membership Criteria”), which shall be subject to approval by a majority of the Members. The Membership Committee of the Council shall nominate Entities to participate in the Council as Governing Members (such Entities, “Nominees”) by submitting written recommendations for Council membership to the Chair from time to time. Nominees that do not fulfill the Membership Criteria approved by the Members may still be nominated by the Membership Committee if all missing criteria is clearly identified and explained to the Members as part of the recommendation of such Nominee. The Membership Committee may submit recommendations at any time.

Membership Criteria; Nominations. After the appointment of the initial Governing Members, Governing Members shall be nominated in accordance with this clause (c). The Membership Committee of the Council (the “Membership Committee”) will propose a set of objective qualifications and criteria for admission to the Council (the “Membership Criteria”), which shall be subject to approval by a majority of the Members. The Membership Committee of the Council shall nominate Entities Persons to participate in the Council as Governing Members (such EntitiesPersons, “Nominees”) by submitting written recommendations for Council membership to the Chair Board from time to time. Nominees that do not shall fulfill the Membership Criteria approved by the Members may still be nominated by the Membership Committee if all missing criteria is clearly identified and explained to the Members as part of the recommendation of such NomineeCouncil. The Membership Committee may submit recommendations at any time.

Membership Criteria; Nominations. After the appointment of the initial Governing Members, Governing Members shall be nominated in accordance with this clause (c). The Membership Committee of the Council (the “Membership Committee”) will propose a set of objective qualifications and criteria for admission to the Council (the “Membership Criteria”), which shall be subject to approval by a majority of the Members. The Membership Committee of the Council shall nominate Entities to participate in the Council as Governing Members (such Entities, “Nominees”) by submitting written recommendations for Council membership to the Chair Board from time to time. Nominees that do not fulfill the Membership Criteria approved by the Members may still be nominated by the Membership Committee if all missing criteria is clearly identified and explained to the Members as part of the recommendation of such Nominee. The Membership Committee may submit recommendations at any time.