The NICE Bylaws

Article 11: Prohibition against sharing corporate profits and assets

11.1 Amendment of articles before admission of members

Section 11.1 Prohibition against sharing corporate profits and assets

No Member, Director, officer, employee, or other person connected with NICE, or any private individual, shall receive at any time any of the net earnings or pecuniary profit from the operations of NICE, provided, however, that this provision shall not prevent payment to any such person of reasonable compensation for services performed for NICE in effecting any of its public or charitable purposes, provided that such compensation is otherwise permitted by these Bylaws and is fixed by resolution of the Board of Directors; and no such person or persons shall be entitled to share in the distribution of, and shall not receive, any of the corporate assets on dissolution of NICE. All members of NICE shall be deemed to have expressly consented and agreed that on such dissolution or winding up of the affairs of NICE, whether voluntarily or involuntarily, the assets of NICE, after all debts have been satisfied, shall be distributed as required by the Articles of Incorporation of NICE and not otherwise.