Ratification of Expense Reimbursement and Discount Policy

[Phokaioglaukos]

Lou, it's a policy designed to be adopted by the Board once and then operate without Board action. If we wrote the discount amount into the policy it would have to be amended for some number of DE events every year because the discount for Instructors does vary. If you want to know the discount that the Instructors get for any particular DE event, I think you can see it on motorsportreg.com and I know you can get it from Myles, our Track Chair. I'd tell you what it is for the MAW DE coming up at Thunderbolt if I knew, but since I'm not instructing there I do not know what it is. I do know that it's pretty close to 50% based on what Myles has told me he does.

There is no secret in what the discount is--it just varies from event to event by some amount sometimes and we wanted a policy for the Officers that did not need to be adjusted every month.

Does that make sense?