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| # ForProfit Committee Charter | ||||
|  | ||||
| As stated in the Operating Agreement of the Company electing oversight by this committee, any changes to this charer must be approved by unamious | ||||
| written consent of all Members of all entities under this committee. | ||||
| As stated in the Operating Agreement of the Component electing oversight by this committee, any changes to this charer must be approved by unamious | ||||
| written consent of all Members of all components governed under this committee. | ||||
|  | ||||
| ## Purpose | ||||
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| @@ -12,7 +12,7 @@ The ForPofit Committee provides support, guidance and counsel to Management and | ||||
| * Suborbital  | ||||
| * Axios Heart Studios  | ||||
|  | ||||
| and other affiliated entities that may elect oversight by this committee | ||||
| and other affiliated components that may elect oversight by this committee | ||||
|  | ||||
| ## Director Elections | ||||
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| @@ -43,6 +43,7 @@ The Committee may participate in a meeting by means of conference telephone or s | ||||
| in the meeting can hear each other, and participation in such a meeting pursuant to this Section shall constitute presence in person at such meeting. | ||||
|   | ||||
| ## Notice and waiver; quorum  | ||||
|  | ||||
| Notice of any meeting of the Committee shall be given to each director personally or by e-mail , or telephone call  | ||||
| addressed to such director at such director’s last known e-mail address and/or phone number, at least two (2) days prior  | ||||
| to the meeting.  | ||||
|   | ||||
| @@ -62,6 +62,7 @@ Meetings may be attended remotely through electronic means. | ||||
| The presence of fifty percent (50%) of the directors at any meeting constitutes a quorum. | ||||
|  | ||||
| ## Term of Office | ||||
|  | ||||
| Board members are elected to a two-year term of office. The term is without compensation. The Board is made up of 3 to 15 members. Terms begin in November at  | ||||
| our annual meeting and expire at the conclusion of the second annual meeting following their election.  | ||||
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| @@ -92,6 +93,7 @@ The officers of the Committee serve one year terms in their respective offices. | ||||
| voting Directors whenever in its judgment the best interests of the Entities will be served. | ||||
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| ### President | ||||
|  | ||||
| 1. Is a member of the Committee and serves as the chief volunteer of the Entities. | ||||
| 2. Presides at all meetings of the Committee after developing the agenda with the Entity Executive Directors. | ||||
| 3. Encourages the Committee role in strategic planning. | ||||
| @@ -101,6 +103,7 @@ voting Directors whenever in its judgment the best interests of the Entities wil | ||||
| 7. Reports to the full TSYS Group Board Of Directors on the committee’s decisions and recommendations. | ||||
|  | ||||
| ### Vice President | ||||
|  | ||||
| 1. Is a member of the Committee. | ||||
| 2. Performs responsibilities of the Committee President when the President is not available. | ||||
| 3. Works closely with the Committee President and the Group Entity staff to achieve the mission of the Entities. | ||||
| @@ -144,6 +147,7 @@ The Finance Sub Committee recommends policy regarding the Entity finances and as | ||||
| responsibility for safeguarding any endowment or reserve funds. | ||||
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| ### Nominating Sub Committee | ||||
|  | ||||
| The Nominating Sub Committee members ensure the Committee has an effective process and structure in place to conduct business. They are responsible for  | ||||
| planning the Committee retreat, sub committee development, ongoing training of Committee members and  Committee evaluation.  | ||||
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| @@ -200,6 +204,7 @@ confidentiality. For instance, if a staff person or volunteer approaches a Commi | ||||
| the Entities operation, the Committee member should refer the matter back to the Executive Director. | ||||
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| ## Commitee Member as representative of Entity | ||||
|  | ||||
| Committee members should be well informed of the mission and goals of the Entities.  Each member should strive to educate, inform, and  | ||||
| recruit support for the programs in the community.  | ||||
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