Frequency of distributions. IMRO is one of the most efficient performing rights organisations in the world in terms of the frequency of distributions it makes to its members and affiliated societies worldwide. In addition to this IMRO does not apply any administration fees to royalties earned by its members from international performances of their works. IMRO distributes royalties on a monthly basis. A full royalty Distribution Schedule is available online. The allocations are often referred to as the ‘IMRO writer share’ (distributed to and amongst the composer, lyricist and/or arranger interests in a work) and the ‘IMRO publisher share’. The IMRO writer share is not to be less than 50 percent of the distributable fee in relation to a musical work. Details of how we handle IMRO unmatched performances are included in the IMRO Distribution Policy. This section sets out our commitment to all members (including potential members). We aim to deal with members: ▪ fairly, honestly, reasonably, impartially, courteously and in accordance with our membership agreements. ▪ transparently, by clearly explaining members’ rights and the rights we administer on their behalf. We are committed to explaining this Code and/or in other documents referred to in it (and to keeping such materials updated and accessible): ▪ how to join IMRO and the procedures for doing so; ▪ member rights and obligations; ▪ the scope of the rights administered on members’ behalf; ▪ the territorial scope of our activities and the countries for which we have agreements in place with equivalent societies to represent our members’ rights overseas; ▪ members’ ability to modify the rights they entrust to us and the territory for which they do so ▪ membership cancellation or modification; and ▪ our distribution policies, which include the basis on which we calculate the sums available for distribution; the frequency of distributions; and information about the deductions (and the purpose of such deductions) that we are required or authorised make from such distributions.
Frequency of distributions. 5The Company may in the discretion of its Managers, but is not required to, distribute any Net Income periodically, on a pro rata basis determined by a Member's Sharing Ratio, after setting aside amounts required to establish and fund reasonable reserves against future costs and liabilities and any amount agreed by the Managers to be held for future investments. In exercising their discretion, the Managers shall consider as an important factor (among several other factors), the desire of the Members to receive sufficient monies from distributions to pay the taxes they incur as a result of the Net Income of the Company.
Frequency of distributions. The President is authorized to approve Donor Advised Fund distributions. A minimum of 15 days notice must be provided by the Donor on suggested distributions from the Advised Fund.
Frequency of distributions. The President is authorized to approve FGA distributions. Distributions from FGAs will be made at the times designated by the President.
