APPROVED by

                                                              the Council   of Authors of ARMAUTHOR

                                                                       By the Resolution of 18.01.2011

                                                                         

                                                                         Chairman Y. Yerznkyan 

 

RULES

on distribution of royalties the term of which has expired

 

 

 

Based on the Charter of Armauthor NGO and the Armenian legislation, the royalties with expired term of distribution, in accordance with the decision of the Authors' Board of Armauthor, are directed to:

a) the development of the organization; the procurement of necessary equipment, software; and the renovation of the office space;

b) other authors who have agreement with Armauthor, for the purposes of encouragement and motivation;

c) other authors whose works were used during the given event from which the royalties were collected;

d) other needs, as approved by the Board of Authors.

 

 

 

 

                                                                               APPROVED by

                                                              the Council   of Authors of ARMAUTHOR

                                                                       By the Resolution of 18.01.2011

                                                                          

                                                                         Chairman Y. Yerznkyan 

 

 

RULES

on allocation of administrative expenses

 

 

 

The membership fees withheld from the royalties for the purposes of covering organization's expenses are directed to:

 

1. the payment of salaries;
2. the payment of social security taxes;
3. the procurement of stationary;
4. the payment of per diems and other business travel expenses;
5. the payment of utilities;
6. the payment of membership fees of international organizations;
7. the payment for subscriptions, publications and legal services of outside legal counsels;
8. other expenses, as decided by the Board of Authors.