Continuous Amendments to PYK Membership Terms and Conditions

7 Trust as provided for in the Master Regulations, read with the Basic Benefits Regulations and who is a vested beneficiary of the Trust pursuant to such membership. " Membership " shall have a corresponding meaning. Member in Good Standing means a Member who satisfies the requirements for a Member in Good Standing through payment of Membership Contributions in order to qualify for the Basic Ancillary Benefits as set out in the Basic Benefits Regulations. This is also referred to as " Good Standing ". Membership Book means collectively i) this Membership Terms and Conditions Booklet; ii) the Payment Receipt Booklet; iii) all Existing Membership Books; iv) any other documents issued by the Trust from time to time relating to Membership, purchased by you as a Member against payment of a Membership Book Purchase Price, including any amendments and/or endorsements thereto as provided for in the Master Regulations. Membership Book Purchase Price means the price determined from time to time by the Trust for a Membership Book, which Membership Book Purchase Price must be paid in order to procure a Membership Book as a condition to membership to the Trust. Membership Contribution means the Monthly membership contribution which must be paid each Month to the Trust, which entitles you as a Member to the benefits set out in the Basic Benefits Regulations and summarised and explained in this Membership Terms and Conditions Booklet as set out in Annexe C . Membership Terms and Conditions Booklet means this membership terms and conditions booklet issued by the Trust to all Members comprising all terms and conditions of Membership to the Trust. Month means a calendar Month.