'LROCV INNOVATION AWARD Sample Clauses

'LROCV INNOVATION AWARD. This annual perpetual trophy (donated by Xxxxx Xxxxx) is awarded to a financial club member to recognise their creative efforts in producing an innovative item or device relating to the pursuits of the LROCV. The trophy shall be returned to the Events Coordinator a minimum of one month prior to the next Annual Awards Presentation as it is a perpetual trophy. Eligibility requirements: (a) An article describing the idea through to completion must appear in the Club magazine. (b) Most of the design and manufacture must be done by the club member themselves, with minimal outsourcing. (c) The item or device must be largely a new idea or a significant improvement on an existing idea. (d) How well it performs the task and ease of use are more important than how well it is constructed. (e) The item or device must not be available to buy commercially or be from the member’s professional field of expertise. (f) The winner shall be chosen by the General Committee from the articles that appeared in the Club magazine during the current Club year (1st September to 30th August) (g) The trophy is presented at the Annual Awards Presentation.
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