Section 2.3 Social Membership . The Board shall have the power to issue Licenses to Licensees designated as “ Social Members . ” Social Members will have rights to use the Club Facilities, excluding the golf course and golf locker rooms. The Club has the right to sell up to four hundred (400) active Social Memberships. Social Memberships may be suspended or terminated, and Social Members may resign, in accordance with the applicable provisions of Section 2.6 hereof. Other Licenses . The Board shall have the power to issue other classes of memberships and Licenses upon such terms and conditions as are established by the Board; provided, however, that any new classes of memberships or Licenses with use rights similar to those afforded to Equity Members (i.e., full golf course privileges) shall be subject to the overall limitation on the number of Equity Memberships set forth in Section 2.1 above. Licenses may be suspended or terminated, and a Licensee may resign, in accordance with applicable provisions of Section 2.6 and Article 8 hereof. Section 2.4 Section 2.5 Application and Selection . Application and selection for memberships or a License in the Club shall be in accordance with procedures established by the Board from time to time and administered by the Membership Committee. The Membership Committee shall be appointed by the Board and shall be composed of at least five (5) Equity Members or their spouses. The Committee Chair shall be nominated by the President and ratified by the Board. The Membership Committee shall assist the Board with the review of applicants for membership and election functions as determined by the Board from time to time. Section 2.5.1 Application . Every applicant shall submit an application on a form provided by the Board which shall be reviewed by the Membership Committee only if complete. The application shall be deemed complete when all required information has been delivered to the Secretary. All applicant names must be posted in a prominent place on the Club premises and/or on the Club website for review by the Equity Members for a period of not less than thirty (30) days. Section 2.5.2 Selection . The Membership Committee shall meet at regular intervals to review each membership application and interview applicants. The Membership Committee shall determine that each approved applicant has established and enjoys a reputation in the applicant ’ s business and social communities for honesty and personal integrity. In no event shall membership and license criteria include considerations of sex, race, creed, color, national origin and sexual orientation or any other form of illegal discrimination. Membership and license criteria shall be applied uniformly to all applicants for the same type of membership or license. After appropriate investigation and consultation as it may deem necessary, the Membership Committee shall vote whether or not to recommend the applicant to the Board for consideration. Section 2.5.3 Election and Notification . The Board will determine whether and when any given applicant shall be invited to membership and shall extend invitations to those applicants it approves. Section 2.5.4 Membership Fee . Each membership or License fee shall be in such amount and payable in such manner as the Board may determine from time to time; provided that at any one time (i) the membership fee and terms of payment of the membership fee shall be
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