Saturday, March 12, 2011

III-B. Section 3.01(B): VOTING MEMBERSHIP REQUIREMENTS

EXISTING


All Cryonics Institute members permitted to (a) vote on the matters referred to in these By-Laws or (b) serve as a Director must be voting members of the Cryonics Institute. To qualify as a Voting Member of the Cryonics Institute a CI Member must be age 18 or over and either be an Option One Member or have been an Option Two Member for at least three years. Additionally, only CI Members with an executed Cryonic Suspension Agreement and having full funding for the Cryonic Suspension Agreement may be Voting Members.


PROPOSED

All Cryonics Institute members permitted to (a) vote on the matters referred to in these By-Laws or (b) serve as a Director must be voting members of the Cryonics Institute. To qualify as a Voting Member of the Cryonics Institute a CI Member must be age 18 or over and either be a Lifetime Member or have been a Yearly Member for at least three years. Additionally, only CI Members with an executed Cryonic Suspension Agreement and having full funding for the Cryonic Suspension Agreement may be Voting Members.


PROPOSED (strikeout of eliminated text/bolding of new text)


All Cryonics Institute members permitted to (a) vote on the matters referred to in these By-Laws or (b) serve as a Director must be voting members of the Cryonics Institute. To qualify as a Voting Member of the Cryonics Institute a CI Member must be age 18 or over and either be an Option One a Lifetime Member or have been an Option Two a Yearly Member for at least three years. Additionally, only CI Members with an executed Cryonic Suspension Agreement and having full funding for the Cryonic Suspension Agreement may be Voting Members.


EXPLANATION AND JUSTIFICATION


The only change is to the terminology -- "Lifetime Member" rather than "Option One" and "Yearly Member" rather than "Option Two". With the approval of our attorney and Directors, the changed terminology have been in the contracts, but remain unchanged in the By-Laws.

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