INITIAL BOARD OF DIRECTORS – Under the bylaws of Apple Street Market Cooperative, there shall be an initial Board of Directors chosen by the Cincinnati Union Cooperative Initiative until the membership classes reach capacity. As defined in the bylaws, the Community-Owner class shall reach capacity when one hundred (100) members have vested and the Worker-Owner Class shall reach capacity when seven (7) Worker-Owners have vested. Additionally, there shall be a Founder seat chosen by the Cincinnati Union Cooperative Initiative to maintain the unique governance and social values of the Cincinnati Union Cooperative Initiative. However, the Founder shall be prohibited from profiting from Apple Street Market Cooperative except through being a Community-Owner with no special privileges.
