From 56ed5c91aa1f4ad5692a16971988542f2a24d624 Mon Sep 17 00:00:00 2001 From: Mike Tigas Date: Tue, 25 Apr 2023 18:18:48 -0500 Subject: [PATCH] add return / capital contribution wording the current interpretation is that no refund of equity/capital contribution currently happens (since it is not in the operating agreement) if we were to add something along those lines, then we would likely want to update my "capital contributions" edit here to make it only for former overlords for whom their capital contribution was not returned. --- documents/operating.md | 8 ++++++++ 1 file changed, 8 insertions(+) diff --git a/documents/operating.md b/documents/operating.md index 8ac9736..59f15cb 100644 --- a/documents/operating.md +++ b/documents/operating.md @@ -106,6 +106,10 @@ Corporate Overlords may also vote to remove a peer from the organization if any The removal of a corporate overlord can be nominated during a plotting session and the vote must pass as defined in Section 5. +### Revenge of the Corporate Overlords + +A former Corporate Overlord who previously left BIFFUD through one of the *voluntary* methods described under "**Removing Corporate Overlords**" (as opposed to removal via a vote of Corporate Overlords, or removal via breach of other rules in this Operating Agreement), may return to the company anew only via the full ritual described in "**Adding Corporate Overlords**." + ### Hibernating Corporate Overlords A Corporate Overlord can go into hibernation. Hibernation does not remove their ownership of BIFFUD or their entitlement to profit share, but their role as a voting member of the Hive is temporarily revoked until they attend a plotting session. @@ -270,6 +274,10 @@ Overlords have three months to cough up the extra dough. Failure to contribute in a timely manner shall result in revocation of Corporate Overlord status. +A former Corporate Overlord, returning to BIFFUD as described in Section 2 -> +"**Revenge of the Corporate Overlords**," may have the capital contribution +requirement waived via a vote of the Hive Mind. + ### Third Party Contributions Third parties can give money to BIFFUD as a non-deductible donation or grant. Money donated in this way will be allocated according to the terms agreed upon by the Overmind, Treasure Goblin, and the third party. Donations do not come