Common use of Good Standing Policy Clause in Contracts

Good Standing Policy. For the purposes of calculating Silver membership fees, consolidated employees include all employees of the related companies, including any direct and indirect parent companies, and all sister, and subsidiary entities, excluding third party contractors. Membership Agreements signed before the 15th of the month will be invoiced as if active on the first of the month of signature. Agreements signed on or after the 15th of the month will be invoiced as if active on the 1st of the following month. The month listed on the invoice is the “Invoice Month”. The “Initial Membership Term” will start the date of execution of this Agreement and continue for 12 months from the Invoice Month. Platinum membership is limited by The Linux Foundation’s Bylaws. Agreements for Platinum membership will not be accepted or assured of an immediate board seat if all Platinum seats are occupied or otherwise limited. Member acknowledges that The Linux Foundation and its members depend upon reliable membership renewal information to budget effectively, and that The Linux Foundation's ability to provide support to its communities and members will suffer in the event of nonpayment of membership Fees.