Comment on page
After the end of every fiscal year, Ampled shall do the following:
1. Determine available surpluses for reallocation.
2. Allocate some or all surpluses to Owners as patronage refunds among involved Owners, following the procedures described under “How Surplus Is Redistributed”.
If, instead of surpluses, there are losses, the losses will be allocated in any manner that the Board determines to be fair and equitable, in consideration of the circumstances leading to the loss.
- 1.Giving Surpluses to Artist-Owners: 85% of surpluses available for allocation are paid to active Artist-Owners pro rata based on the amount of total support received by the particular active Artist-Owner through Ampled.
- 2.Giving Surpluses to Worker-Owners: 15% of surpluses available for allocation are paid to active Worker-Owner. This is determined in any manner that the Board determines to be fair and equitable, in consideration of both the amount of time worked towards Ampled and by the value of contribution.