All dues and membership shall be based on a calendar year. Annual dues for ACADEMY members as established by the Board who are admitted to membership during the year, may be prorated in a manner as determined by the Board. In the event an ACADEMY member is disabled or has other hardship, the President and Secretary, at their joint discretion, may upon petition reduce or waive the payment of dues for a specified period and designate the time that the full payment of dues will be resumed. A member will be dropped from ACADEMY rolls if payment of dues is not received. See Membership policy for delinquent payment.