Intervention & Coiled Tubing Association

“The Executive Board of Directors is composed of the ICoTA Officers and Chapter Delegates. The Executive Board of Directors manages the business and affairs of ICoTA, subject to any limitation imposed by their bylaws and is responsible for governing ICoTA. Responsibilities of the Executive Board include: Determining ICoTA policy; Approving ICoTA budgets and expenditures; Approving applications for Director Membership; Approving Chapter formation; Establishing or amending qualifications and fee structure for membership; Establishing or dissolving sub-committees, as deemed necessary; Conducting negotiations with other industry associations, as required, on behalf of the association; Providing reports and minutes of its activities to the Board of Directors at Board Meetings.Additionally, the Executive Board of Directors has the authority to spend or disburse funds of ICoTA up to $10,000 per item without further approval from the Board of Directors.”

“ICoTA has two classes of members: Director Members and Ordinary Members. The class of Ordinary Member is further subdivided into "Non-Voting Delegate Status" and "Voting Delegate Status." Ordinary Members who are eligible to participate on working committees and task groups may apply to the Board of Directors for "Voting Delegate Status." Each Director Member and Ordinary Member holding "Voting Delegate Status" is entitled to one vote on each matter submitted to a vote at a meeting of members.”

“The ICoTA Treasurer and Secretary/Administrator review the form prior to providing a copy to the board and filing with the IRS.”

“Documents are available upon request.”

“See Part III, Line 4c for a description of this new program.”