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i. the difference between the entrance fees for the two classes, and

ii. the difference between the annual fees for the two classes. Whenever an applicant for transfer is transferred after
October 1st in any year no increase in annual fee for that year shall be required of the applicant and such portion of
the fee submitted with the application as represents the difference between the annual fees for the two classes of
membership shall be refunded to the applicant, or alternatively, shall be credited to the following year.

(d) If a member is in default of payment of membership fees at March 1st of any year the Secretary shall send a
notice of such default to such member, and if the member remains in default two months after the mailing of such
notice membership shall be considered to have terminated forthwith. Notice of such termination shall be sent by the
Secretary to the member. On request and on payment of the fees in arrears, together with such reinstatement fee as
Council may prescribe, the member shall be reinstated, provided such request and fees are received by Council no
later than the end of the calendar year in which the termination occurred. After the end of that calendar year, a new
application shall be required for re-admission of the member.

(e) Council, at its discretion, may reduce or waive the fees of a member in any category for a period of time defined
by Council, if Council deems that the member’s ability to pay the fees is negatively affected, due to illness, loss of
employment, parental leave, or such other reasons that Council deems appropriate for such reduction or waiver.

8. WITHDRAWAL OF MEMBERS

Any member may retire from the Institute at any time by written notice to that effect delivered to the Secretary, but
such retirement shall not relieve the member from any obligation to pay any outstanding fee. A retiring member
shall not be entitled to any refund of fees.

9. SEAL

The Secretary shall have the custody of the Corporate Seal and may certify under seal any and all documents issued
by the Institute.

10. COUNCIL

(a) Officers

The Officers of the Institute shall be Fellows of the Institute and shall comprise a President, a Vice-President, a
Secretary, and a Treasurer. Only Fellows shall be entitled to be nominated, elected and continue to serve as Officers
of the Institute.

(b) Composition of Council

The Council of the Institute shall consist of the officers identified in paragraph (a) and not less than three and not
more than six Councillors as may be prescribed by Council by regulation, provided that such regulation shall take
effect only when approved by a resolution of the members entitled to vote thereon, and provided that in the absence
of any such regulation the number of Councillors shall be five. Only Fellows or Associates may hold the position of
Councillor.

(c) Maximum Term of Office on Council

No Councillor shall serve consecutively more than two one-year terms as such.

(d) Duty of Council

It shall be the duty of Council to carry on the work of the Institute according to the Objects, By-laws, Code of Ethics,