Amend Section 6.4 - Allocation of Net Income, Surplus, and Loss

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Closed LexaMichaelides closed 1 year ago

LexaMichaelides commented 1 year ago

Existing text allows the Board to permit a cash payout of member loans (held in individual members' capital accounts) only in years of surplus.
The design of an incentive program may, depending on the precise design, make sense for cash payouts to be permitted even in loss years.

Subject to membership and board approval at AGM.