Is this correct?

Good Day Readers:

Was studying the Manitoba Metis Federation's constitution and found two provisions of interest:

ARTICLE X PRESIDENT Item 2 (Page 6)

The President shall hold for a term or terms, each of which shall not exceed four years and three monts from the date of election, and each of which shall commence from the date such President shall be declared elected by the Chief Electoral Officer and continue until the Chief Electoral Officer shall declare elected in an election pursuant to by-law No. 2 another person elected to the office of President or the vacation of that term under Article IX

and

ARTICLE XV MISCELLANEOUS Item 2 (Page 8)

For greater clarity, and not restricting the generality of the foregoing, no person who receives remuneration either by way of Director's fees, nor as payment for the holding of any office within the Federation (i.e. President or Vice-President) shall be considered an employee of the Federation. No person elected to office shall by reason only of having failed to be re-elected to such office be entitled to any further or other notice, or to any severance pay or other employee benefit.

Does this mean the next MMF election must be called no later than the end of September, 2010 and if David Chartrand and any of the Provincial Board of Directors are defeated, he/they are not entitled to any further fiancial entitlement or benefits? Is this interpretation correct - anyone know?

Sincerely,
Clare L. Pieuk