Disbandment (CP-24) Sample Clauses

Disbandment (CP-24). The Executive Committee may disband a Chapter. In the event that the Chapter is disbanded, the Chapter will cease to have the right to represent itself as an affiliated Chapter of HFTP and will lose all benefits and privileges provided therein. The evaluation criteria to be determined by the Executive Committee will include, but is not limited to: (a) membership retention and growth; (b) financial status; (c) frequency, attendance and programs of Chapter meetings; (d) leadership development; (e) Chapter Management Plan, (f) not meeting HFTP chapter standards as outlined in the Chapter Affiliation Agreement. In the event that a Chapter is disbanded, the funds held at the global office as well as monies in the Chapter treasury will be distributed to one or more regularly organized qualified charitable, educational, scientific, or philanthropic organization(s) or the HFTP Scholarship Fund as determined by the Chapter board of directors. If a Chapter does not have a board of directors in place, a majority vote of the Chapter membership will determine the distribution of the Chapter’s treasury.
Sample 1
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Related to Disbandment (CP-24)

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