Merge 159ef618ad into 146936c3a1

zip-1014.html

@@ -103,6 +103,7 @@ Pull-Request: &lt;<a href="https://github.com/zcash/zips/pull/308">https://githu
                             </ul>
                             <p>The Major Grant Review Committee's decisions relating to the allocation and disbursement of funds from the Discretionary Budget will be final, requiring no approval from the ZF Board, but are subject to veto if the Foundation judges them to violate U.S. law or the ZF's reporting requirements and other (current or future) obligations under U.S. IRS 501(c)(3).</p>
                         </li>
+                        <li>A portion of the Discretionary Budget MAY be allocated to provide reasonable compensation to members of the Major Grant Review Committee. Committee member compensation SHALL be limited to the hours needed to successfully perform their positions and MUST align with the scope and responsibilities of their roles. The allocation and distribution of compensation to committee members SHALL be administered by the ZF. The committee members will receive compensation at a rate of $115 per hour, based on an estimated 15 hours each month, amounting to a monthly sum of $1725. Changes to the hours or rate SHALL be determined by the ZF’s Community Advisory Panel or successor process.</li>
                     </ol>
                     <p>ZF SHALL recognize the MG slice of the Dev Fund as a Restricted Fund donation under the above constraints (suitably formalized), and keep separate accounting of its balance and usage under its <a href="#transparency-and-accountability">Transparency and Accountability</a> obligations defined below.</p>
                     <p>ZF SHALL strive to define target metrics and key performance indicators, and the Major Grant Review Committee SHOULD utilize these in its funding decisions.</p>

zip-1014.rst

@@ -287,6 +287,16 @@ Grants, but subject to the following additional constraints:
    judges them to violate U.S. law or the ZF's reporting requirements and other 
    (current or future) obligations under U.S. IRS 501(c)(3).
 
+9. A portion of the Discretionary Budget MAY be allocated to provide reasonable 
+   compensation to members of the Major Grant Review Committee. Committee member compensation
+   SHALL be limited to the hours needed to successfully perform their positions
+   and MUST align with the scope and responsibilities of their roles. The
+   allocation and distribution of compensation to committee members SHALL be
+   administered by the ZF. The committee members will receive compensation at a
+   rate of $115 per hour, based on an estimated 15 hours each month, amounting to a
+   monthly sum of $1725. Changes to the hours or rate SHALL be determined by
+   the ZF’s Community Advisory Panel or successor process.
+
 ZF SHALL recognize the MG slice of the Dev Fund as a Restricted Fund
 donation under the above constraints (suitably formalized), and keep separate
 accounting of its balance and usage under its `Transparency and Accountability`_