Common use of Rights and Duties of Members Clause in Contracts

Rights and Duties of Members. Payment of membership fee. Nonpayment leads to exclusion of the member from the Consortium. • If an institution withdraws, or is excluded, from the membership in the course of a financial year, the SEB Consortium shall retain the membership fee already paid by the withdrawing/excluding member. • Right of the Principal Members to appoint one representative each to the SEB Consortium Board. • Personal consultancy for principal and gold members by the SEB developers includes solely consultancy by mail or phone • Gold, silver and bronze members have no voting rights in the SEB Board. • Benefits attributed according to the membership category.