PAYMENT TERMS AND CONDITIONS for membership in BESCO

I. GENERAL PROVISIONS

Art. 1. These Rules have been adopted by the Governing Council of BESCO (Association), pursuant to Art. 17, para. 1 of the Association’s Statute and regulate the terms and conditions for payment of membership fees by the Association’s members.

II. MEMBERSHIP FEE OBLIGATION

Art. 2. (1) Each member of the Association is obliged to pay the membership fee under the conditions and procedure defined in the present rules and the Association’s statute.

(2) The Governing Council may, with a reasoned decision, exempt a person from the obligation to pay membership fees. The decision states the reasons for the exemption, as well as the term and conditions under which the person is exempted from the obligation to pay membership fees.

III. MEMBERSHIP FEE PAYMENT TERMS AND CONDITIONS

Art. 3. (1) The membership fee in the Association is annual and covers a period of 12 months.

(2) The first 12-month period for which an annual membership fee is due begins on the day of submission of the membership application. Each subsequent 12-month period begins on the day following the expiration of the previous 12-month period.

Art. 4. (1) The first annual membership fee shall be paid upon submission of the membership application, and the applicant for membership shall also present evidence of paid annual membership fee or shall pay such through the Association's online platform when the membership application is submitted online.

(2) Pursuant to Art. 14, para. 6 of the Statute, the membership starts from the date of the decision of the Governing Council for acceptance of the new member. If the Governing Council adopts a decision for not acceptance of a person as a member of the Association, the membership fee paid by that person pursuant to para. 1 shall be recovered.

Art. 5. (1) The annual membership fee for each subsequent 12-month period shall be paid no later than 30 (thirty) days from the date from which the new 12-month membership period began to run, for which an annual membership fee is due.

(2) Failure for payment of the annual membership fee within 30 days of the date from which the new 12-month membership period for which the annual membership fee is due began, is a reason for excluding the member in accordance with the rules set out in the Association’ s Statute.

IV. AMOUNT OF MEMBERSHIP FEE

Art. 6. (1) The amount of the membership fee shall be determined by a decision of the Governing Council taken by a majority of those present.

(2) Any change in the amount of the membership fee, approved in accordance with the order of the previous sentence, should be promptly communicated to the members of the Association in writing or by e-mail, with the new amount entering into force for the relevant member, starting from the date of commencement of next 12 - month membership period.

V. FINAL PROVISIONS

Art. 7. (1) These rules were adopted by the Association’s Governing Council at a meeting held on 22.05.2024.

(2) These rules shall enter into force on 22.05.2024.