[ga] .pro Community Refund

[Danny Younger <dannyyounger@xxxxxxxxx>]

Mike, I am affiliated with a group that may have an interest in obtaining funds for a consumer-focused domain name education program.  Can I trouble you to look into the .pro Community Refund initiative and advise regarding the status of this program, and when and how we might apply for receipt of such funds.

Thanks,

Danny

6. Community Refund

For each fiscal twelve-month period (the "Community Refund Period") beginning in the term after Registry Operator has fully repaid its investors and declared and issued dividend payments to its shareholders, Registry Operator shall issue a "Community Refund," as described below. Registry Operator shall be deemed to have declared and issued a dividend payment to the extent retained earnings of the Company exceed three times its total investment.

The total "Community Refund" will be calculated as follows:

During each Community Refund Period, Registry Operator will calculate the percentage of all new .pro domain name registrations associated with Registry Services that were sponsored by a shareholder of Registry Operator, which also operates as an ICANN-Accredited Registrar as defined in the Registry Agreement. Such percentage will be multiplied by Registry Operator's net income derived from the Registry Services during such Community Refund Period to arrive at the Community Refund.

Example: If the total number of new domain name registrations in a community refund period were 300,000, and 50,000 had been registered by the shareholders of Registry Operator, 16.667% (50,000/350,000) of the net income (after interest, taxes, depreciation, amortization and dividend) derived from Registry Services would be available to be paid as a community refund.

The calculation of the Community Refund will be approved by the Registry Operator Board of Directors no later 120 calendar days after the audit for such accounts has been completed for such Community Refund Period. The refund will be distributed no later than 90 calendar days following approval by the Board of Directors, unless an extension is needed to review proposals from groups requesting such funds.

The Registry Operator Board of Directors shall review the proposals and shall determine the recipients and amounts of distributions from the refund. The distributions shall be made for the promotion of the management and deployment of the Internet in the public interest and may include:

   Support of the DNSO. 
   Support for additional arbitration mechanisms. 
   Consumer-focused domain name education programs. 
   Support for ICANN policies. 
   Bridging the Digital Divide. 

Each year beginning after the completion of the initial Community Refund Period, Registry Operator will report, according to Appendix U, on the distributions made from the Community Refund.

http://www.icann.org/tlds/agreements/pro/registry-agmt-appg-23apr04.htm


		
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