Re: [ga] .pro Community Refund

[Jeff Williams <jwkckid1@xxxxxxxxxxxxx>]

Danny and all former DNSO GA members or other interested
stakeholders/users,

  Such a fund is a good idea, however the uses to which you Danny, wish
for this fund to support is not representative of the
stakeholders/users.

Danny Younger wrote:

>    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-ag
> t-appg-23apr04.htm

Regards,
--
Jeffrey A. Williams
Spokesman for INEGroup LLA. - (Over 134k members/stakeholders strong!)
"Be precise in the use of words and expect precision from others" -
    Pierre Abelard

"If the probability be called P; the injury, L; and the burden, B;
liability depends upon whether B is less than L multiplied by
P: i.e., whether B is less than PL."
United States v. Carroll Towing  (159 F.2d 169 [2d Cir. 1947]
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