ARTICLE XIV. SUNSET CLAUSE

The National Media Market may be permanently terminated by a two-thirds majority vote from the Board of Directors. National Media Market will also be terminated by default should the Board fail to meet over a consecutive period of 18 months or should no Market be held for a period of 30 consecutive months.

Should the National Media Market be terminated, all outstanding bills, Executive Director severance payment, and any fees involved in the termination of the organization shall be paid promptly upon dissolution.

Severance payment to the Executive Director shall be based on length of employment and is only paid out upon termination of the National Media Market. The Executive Director will be paid ½ of their monthly salary for each year of service. Total severance will not exceed 3 months of the current annual salary.

Should any remaining balance after payment of outstanding bills, Executive Director severance and dissolution fees exceed $2,000, it will be disbursed in the following manner:

All Exhibiting Partners that have participated in the National Media Market for any of the previous five Markets will be given an equity share based on the amount of money they have paid to the National Media Market in any aspect including but not limited to:

• Suite fees
• Market Mania fees
• Sponsorship fees

Only direct cash payments to the Market will be considered, not in-kind or volunteer activities. These cash payments will be tallied and an equity share for each company will be calculated according to each company’s percentage of the total payments. The total remaining assets of the organization will be disbursed accordingly.

Should the remaining balance after payment of outstanding bills, Executive Director severance and dissolution fees be equal to or fall below $2,000, the sum total of the assets will be directed to a single not-for-profit organization for the purpose of supporting educational technology, with the selection of the organization to be made by a majority vote of the Board. The money will be disbursed at the discretion of the Board of Directors.