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STM Membership Fee Categories & Rules 2008

1. Regular membership fee categories based on revenue in Euros (€) per organisation per year.

2. Fees

Regular membership fees are based on all revenues from primary or secondary/database or tertiary publishing (books and journals) in the fields of pure and applied science, technology, medicine, social and behavioural sciences and humanities: that is, all academic and professional/reference level publishing.

Associate member fees are based on the organisation’s global revenues.

3. Fee Categories & Calculations

Member companies and associate members must confirm that the fees paid reflect their revenue as outlined above.

Formula 1: Companies with revenue in the range €45m – 500m

The fee is calculated as revenue in millions of euros, minus 45, times €100, plus €17,000. Example: Revenue is €385m – 45 = 340. 340 x €100 = €34,000. €34,000 + €17,000 =
€51,000 Annual Fee

Formula 2: Companies with revenues above €500m

Formula 1 is applied to the first €500m of revenue which gives €62,500 as a base.

For each million euros above the €500m add an additional €50/m

Example: Revenue is €550m. Base fee for 500m is €62,500. 550-500 = 50. 50 x €50 is €2,500. €62,500 + €2,500 = €65,000 Annual Fee

Formula 3: Associate Members

The fee is the greater of €500 or 0.04% of revenue up to a maximum of €6,500.

Examples: Revenue is €124m. 0.04% of revenue = €124,000,000 × 0.0004 = €49,600.

This is above the maximum so fee is €6,500.

For a company with revenues of €5m: 5,000,000 × 0.0004 = €2,000. So fee is €2,000.

For a company with revenues of €1m: 1,000,000 × 0.0004 = €400.

This is below the minimum so fee is €500.

4. Payment

Annual invoices are payable within 30 days of invoice date.

5. Membership Cancellation

Members who wish to retire from the Association at the end of a calendar year are bound by the By-laws (art. 3) to notify the Secretariat in writing before November 1st.

6. Inform STM

Members are expected to put the STM Secretariat on their mailing list for address changes and all other relevant information.

Members will regularly submit suggestions for action or research, if necessary.

Members are expected to participate in enquiries and surveys conducted by questionnaire. If they cannot or do not wish to respond, they are expected to inform the STM Secretariat.

7. Classes of Membership

In accordance with the decisions of the STM Board and approved by the STM Annual General Meeting (AGM) the following classes of membership are recognized:

a. Regular members

Regular members have voting rights and pay standard fees. Regular members

Are:

STM publishing companies

Professional (legal) and scholarly publishers

Learned societies with publishing activities

Secondary publishers

b. Associate members

Associate membership is a non-voting membership open to subscription agents, consultancies and any publishing related company which is not itself a publisher. Associate members pay a fee the greater of €500 or 0.04% of revenue, up to maximum of €6,500

Subscription agents

Consultancies

Publishing related companies

c. Corresponding members

Corresponding members can take active part as observers in the STM Standing Committees.

Corresponding members have no voting rights. No dues are payable, since basically the members exchange information.

User Groups

National PA’s

d. Introductory membership

Introductory membership is available for those publishing companies, coming in at FC1 or FC2.

This will enable small publishers to acquaint themselves with the Association and join STM at a reduced rate of 50%. The next calendar year, the publisher automatically remains a member at full rate.

Posted on Tuesday, November 13, 2007 at 01:32PM by Registered CommenterSTM Editor | Comments Off