Originally Posted by ccured
I had heard the number 28 somewhere before but for the life of me I can't remember where I heard that. Was it just one generation transferable or was it able to be willed for generations?
Permanent willability based on the literature that they sent out at the time.
It really doesn't matter if it was a bad deal or not for USC( and it mostly was)they created the level and set the conditions and benefits. Those who bought the lifetime memberships were guaranteed those benefits and the university and Hyman should have lived up to the agreement that was made. Justice has been served and those who bought the lifetime membership will get what they were promised as should have been done in the first place.
Bottom line is if you make an agreement and sign a contract, you have to live up to it even if future administrations find it to be not in their benefit.