General Terms & Conditions

General Terms

• All fees and pricing is subject to review and change by the Board of Directors
• Restrictions as per rules of the Franklin Club provided to applicant upon acceptance and full payment of Share and Initiation Fee
• Full and Three Year Memberships are limited by the number of available shares out of the maximum 200 share limit
• Trial memberships are subject to cancellation at any time
• Renewal of Junior, Extended Corporate and Dining Memberships are subject annually at the Board of Director’s discretion

Application Process

• Application form must be completed in full
• A $500.00 non-refundable deposit is to accompany all membership applications • Restrictions as per rules of the Franklin Club provided to applicant
  upon acceptance and full payment of Share and Initiation Fee
• Interview will take place by the Director in charge of New Memberships and be accepted as per usual application process
• Account In name of applicant will be secured with a pre-authorized credit card agreement or via electronic funds transfer from applicant’s bank account agreement
• Applicant will make a commitment to keeping account current

Installments and Payments

• Quarterly installments can be paid for both the Annual Dues (which are pro-rated based on date of joining within the fiscal year) and the Capital Levy
• The fiscal year runs from November 1st to October 31st
• Annual dues are paid in quarterly installments of $900.00/ quarter + HST
• Capital Levy dues are paid in quarterly installments of $125.00/ quarter + HST
• The Annual Dining Credit is paid annually in November, or at commencement of Membership

Conditions

1. Memberships are available to any prospective member, pending application and approval process by the Board of Directors
2. Beverage card fees pertain to Clubhouse Lounge accessible beverages (coffee, tea, pop etc). Card must be punched per beverage taken. A new card will be issued at the fee of $100 + HST when filled. 74 beverages to a card
3. Three Year Memberships must pay the one-time Initiation Fee at time of joining
4. The 5 Year Membership:
   Initiation Fee: paid in 2 installments; $1200.00 in years 1 and $2,200 in year 2.
   Share: paid in 3 installments of $2200.00 in years 3, 4 and 5 of the 5 Year term
   After the payments have been made, a share is issued in the name of the applicant.

Restrictions

Junior Memberships

1. No guests until 12:00 pm on Weekends and Holidays
2. Must apply and be accepted as usual. Interview with Shareholder and child/ grandchild. Both parties must sign that they agree to the rules
3. Ultimate responsibility for fees & conduct is the Shareholder
4. One year commitment. In order to waive the initiation fee, must have been held a Junior Membership for any 5 years non-consecutive or 3 consecutive years, before waving

Extended Corporate Memberships

1. May not fish until 12:00 pm on Weekends and Holidays
2. Must apply and be accepted as usual. Shareholder and Extended Member
   must sign that they agree to the rules
3. Account will be in the User’s Name
4. Ultimate responsibility for fees & conduct is the Shareholder
5. Extended Member Corporate Fee and Annual Dining Room Credit are due at
   signing
6. One year commitment
7. Extended Corporate Memberships are subject to maximum 2 memberships per shareholder. Limited number of Extended Corporate Memberships available

Dining Membership:

1. Limited number of Dining Memberships available
2. Absolutely no fishing whatsoever
3. Must apply and be accepted as usual. Shareholder and Extended Member must sign that they agree to the rules
4. Account will be in the User’s Name