Continuous Amendments to PYK Membership Terms and Conditions

12 Receipt Booklet or a replacement Payment Receipt Booklet is required and acquired by you. 5.2 As an Existing Member, you will not be required to pay for the Membership Terms and Conditions Booklet and will receive this free of charge by virtue of Membership to the Trust as at the Effective Date. 5.3 However, if you lose your Existing Membership Book or if your Existing Membership Book is full (it being understood that your Existing Membership Book will constitute a Payment Receipt Booklet with effect from the Effective Date), you will be required to purchase a replacement Payment Receipt Booklet or a continuation Payment Receipt Booklet against payment of the Membership Book Purchase Price. 6. MEMBERSHIP CONTRIBUTIONS 6.1 As a Member you must at all times pay a Membership Contribution each Month to the Trust. 6.2 The Trust shall determine the Membership Contribution payable from time to time in respect of the Basic Benefits. 6.3 The Membership Contribution is due and payable on the first day of each Month but you are entitled to pay it at any time during the Month, but before the last day of the Month. 6.4 Payment of the Membership Contribution entitles you as a Member to the Basic Benefits, subject to the conditions as set out in the Basic Benefits Regulations, read with the Master Regulations. 6.5 If you fail to pay a Membership Contribution(s) or any portion there of 5 , you may forfeit the benefits of Membership to the Trust. This normally leads to loss of valuable benefits and should be avoided where possible. 6.5A You must pay the full Membership Contribution every Month. If you cannot afford the full Membership Contribution, or only want some and not all of the benefits of Membership to the Trust (such as insurance cover), then Membership to the Trust is not suitable for you. This is so since Membership to 5 Amended with effect from 1 April 2023.