Isle of Wight Business Development Group

IOWBDG Administrative Policies

1. The IOWBDG dues are $100 per year for initial and renewal membership, plus monthly dues of $10.00. Initial and renewal dues are paid on a once a year basis. The monthly dues can be paid monthly or in multiples of months up to 12 months. Fees may be paid by cash or check.
2. Renewal membership fees are payable 30 days prior to the renewal date. Members not paid by the third meeting of the month they are due, are considered late and will be assessed a late $10.00 charge. If fees are not paid within 15 days, the member will be officially dropped by IOWBDG.
3. Membership dues are non-refundable. A certificate of credit will be given, upon request, to members in good standing for the unused portion of their time to be applied to future membership.
4. Fees cannot be transferred from one parson to another unless the fees are from the same company.
5. There is a $25 returned check charge. If a member passes a second NSF check, that member will be subject to immediate termination