Estate Planning Vehicle has the meaning set forth in Section 6.3(a).
Estate Planning Vehicle has the meaning given in Section 10.1(b).
Estate Planning Vehicle has the meaning assigned to such term in the Charter as in effect at consummation of the Offering.
Examples of Estate Planning Vehicle in a sentence
The Managing Member may at its sole option exercisable at any time require any Estate Planning Vehicle to withdraw from the Company on the terms of this Article VI.
Each Estate Planning Vehicle will be a Nonvoting Limited Partner.
A member may transfer his membership to an Estate Planning Vehicle trust for which the member is the grantor.
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A membership properly held within an Estate Planning Vehicle may be transferred to one successor Estate Planning Vehicle for which the member is the grantor within one year of the member’s death.
More Definitions of Estate Planning Vehicle
Estate Planning Vehicle means an estate planning vehicle (i) established for the exclusive benefit of an Eligible Recipient and/or such Eligible Recipient’s family members (as defined in Instruction A.1.(a)(5) of Form S-8 under the Securities Act, or a successor thereto), or (ii) in which the Eligible Recipient and/or the Eligible Recipient’s family members own 100% of the equity interests and more than 50% of the voting interest.
Estate Planning Vehicle means, with respect to any Member (or former Member) that is a natural person, (a) a trust which is at all times controlled by such Member (or former Member) under which a distribution of such Member’s (or former Member’s) Units may be made only to beneficiaries who are such Member (or former Member) , his or her spouse, his or her parents or his or her lineal descendants, (b) a charitable remainder trust which is at all times controlled by such Member (or former Member) , the income from which will be paid to such Member (or former Member) during his or her life, (c) a corporation, the sole assets of which are Equity Securities in the Company, and at all times the majority and controlling shareholder of which is only such Member (or former Member) and the remaining shareholders of which are either such Member (or former Member) or his or her spouse, his or her parents or his or her lineal descendants and (d) a partnership or limited liability company, the sole assets of which are Equity Securities in the Company, and at all times the general partner or managing or majority member of which is only such Member (or former Member), and the remaining partners or members of which are either such Member (or former Member) or his or her spouse, his or her parents or his or her lineal descendants.
Estate Planning Vehicle means a trust or partnership (i) that is the record holder of shares of Class A Stock or Class B Stock and (ii) the principal beneficiaries or partners of which include only Jeffery Katzenberg or Steven Spielberg, their respective spouses, parexxx, xxxxxx'x xxxxnts xx xxxxx, xx xxxue of any thereof, and shall include M&J K, M&J K B, The JK Annuity Trust, The MK Annuity Trust and the Katzenberg 1994 Irrevocable Trust.
Estate Planning Vehicle means an estate planning vehicle established and maintained solely for the benefit of an Executive or such Executive’s immediate family member(s).
Estate Planning Vehicle means, with respect to any Person that is a natural person, (a) a trust which is at all times controlled by such Person under which a distribution of such trust’s Units may be made only to beneficiaries who are such Person, his or her spouse, his or her parents or his or her lineal descendants, (b) a charitable remainder trust which is at all times controlled by such Person, the income from which will be paid to such Person during his or her life, (c) a corporation, the sole assets of which are Equity Securities in the Company, and at all times the majority and controlling shareholder of which is only such Person and the remaining shareholders of which are either such Person or his or her spouse, his or her parents or his or her lineal descendants and (d) a partnership or limited liability company, the sole assets of which are Equity Securities in the Company, and at all times the general partner or managing or majority member of which is only such Person, and the remaining partners or members of which are either such Person or his or her spouse, his or her parents or his or her lineal descendants.
Estate Planning Vehicle means a trust, family partnership or similar family-related or family-controlled entity, all of the interests of which are owned by an Individual Major Stockholder, a spouse, sibling or lineal descendant of an Individual Major Stockholder or lineal descendant of a spouse of an Individual Major Stockholder or any distributees under the will of any of the foregoing Persons, successors of such Persons by intestate succession or trusts for the benefit of any of the foregoing Persons.
Estate Planning Vehicle means, with respect to any Stockholder that is a natural person, a Person formed for the estate planning purposes of such Stockholder and for the benefit of one or more members of the Immediate Family of such Stockholder.