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SECTION 7.15! FEES AND COMPENSATION OF DIRECTORS .................................................................................... 6!
SECTION 7.16! NON-LIABILITY OF DIRECTORS ..................................................................................................... 6!
ARTICLE 8! COMMITTEES ........................................................................................................................... 6!
SECTION 8.1! STANDING COMMITTEES OF DIRECTORS ........................................................................................ 6!
SECTION 8.2! MEETINGS AND ACTION OF BOARD COMMITTEES ......................................................................... 7!
SECTION 8.3! QUORUM RULES FOR BOARD COMMITTEES ................................................................................... 7!
SECTION 8.4! REVOCATION OF DELEGATED AUTHORITY .................................................................................... 7!
SECTION 8.5! NONPROFIT INTEGRITY ACT/AUDIT COMMITTEE .......................................................................... 8!
SECTION 8.6! ADVISORY COMMITTEES ............................................................................................................... 8!
ARTICLE 9! OFFICERS .................................................................................................................................. 8!
SECTION 9.1! OFFICERS ....................................................................................................................................... 8!
SECTION 9.2! ELECTION OF OFFICERS ................................................................................................................. 8!
SECTION 9.3! REMOVAL OF OFFICERS ................................................................................................................. 9!
SECTION 9.4! RESIGNATION OF OFFICERS ........................................................................................................... 9!
SECTION 9.5! VACANCIES IN OFFICES ................................................................................................................. 9!
SECTION 9.6! RESPONSIBILITIES OF OFFICERS ..................................................................................................... 9!
9.6.1! President ....................................................................................................................................... 9!
9.6.2! Vice President .............................................................................................................................. 9!
9.6.3! Secretary ....................................................................................................................................... 9!
9.6.4! Treasurer ..................................................................................................................................... 10!
9.6.5! Additional Officers ..................................................................................................................... 10!
SECTION 9.7! CHIEF EXECUTIVE ....................................................................................................................... 10!
SECTION 9.8! COMPENSATION OF OFFICERS ...................................................................................................... 11!
9.8.1! There shall be no compensation paid to any director serving as an Officer. ............................. 11!
ARTICLE 10! TRANSACTIONS BETWEEN CORPORATION AND DIRECTORS OR OFFICERS . 11!
SECTION 10.1! TRANSACTIONS WITH DIRECTORS AND OFFICERS ....................................................................... 11!
10.1.1! Interested Party Transactions ..................................................................................................... 11!
10.1.2! Requirements to Authorize Interested Party Transactions ......................................................... 11!
10.1.3! Material Financial Interest ......................................................................................................... 11!
SECTION 10.2! LOANS TO DIRECTORS AND OFFICERS ......................................................................................... 12!
SECTION 10.3! INTERLOCKING DIRECTORATES ................................................................................................... 12!
SECTION 10.4! DUTY OF LOYALTY; CONSTRUCTION WITH ARTICLE 11 .............................................................. 12!
ARTICLE 11! INDEMNIFICATION OF DIRECTORS, OFFICERS, EMPLOYEES AND AGENTS .. 12!
SECTION 11.1! DEFINITIONS ................................................................................................................................ 12!
11.1.1! “Agent” ....................................................................................................................................... 12!
11.1.2! “Proceeding” .............................................................................................................................. 12!
11.1.3! “Expenses” ................................................................................................................................. 12!
SECTION 11.2! APPLICABILITY OF INDEMNIFICATION PROVISIONS ..................................................................... 13!
11.2.1! Successful Defense by Agent ..................................................................................................... 13!
11.2.2! Settlement or Unsuccessful Defense by Agent .......................................................................... 13!
SECTION 11.3! ACTIONS BROUGHT BY PERSONS OTHER THAN THE CORPORATION ............................................ 13!
11.3.1! Scope of Indemnification in Third Party Proceedings ............................................................... 13!
11.3.2! Required Standard of Conduct for Indemnification in Third Party Proceedings ....................... 13!
SECTION 11.4! ACTION BROUGHT BY OR ON BEHALF OF THE CORPORATION .................................................... 13!
11.4.1! Scope of Indemnification in Proceeding By or On Behalf Of the Corporation ......................... 13!
11.4.2! Required Standard of Conduct for Indemnification in Proceeding By or On Behalf Of the
Corporation ................................................................................................................................. 14!
11.4.3! Claims Settled Out of Court ....................................................................................................... 14!
11.4.4! Claims and Suits Awarded Against Agent ................................................................................. 14!
SECTION 11.5! DETERMINATION OF AGENT’S GOOD FAITH CONDUCT ............................................................... 14!
SECTION 11.6! LIMITATIONS ............................................................................................................................... 14!
SECTION 11.7! ADVANCE OF EXPENSES .............................................................................................................. 15!