Estate Planning. The Executive shall be entitled to reimbursement of the Executive’s estate planning expenses (including attorneys’ fees) on the same basis, if any, as to which the Executive was entitled to such reimbursements immediately prior to such termination of employment for the remainder of the Term of Employment then in effect.
Estate Planning. Any holder of Shares who is a natural Person may Transfer any or all of such Shares (i) by gift to, or for the benefit of, any Member or Members of the Immediate Family of such holder, (ii) to a trust for the benefit of such holder and/or any Member or Members of the Immediate Family of such holder, or (iii) to any other trust in respect of which such holder serves as trustee; provided, however, that the trust instrument governing such trust shall provide that such holder, as trustee, shall retain sole and exclusive control over the voting and disposition of such Shares until the termination of this Agreement.
Estate Planning. Subject to the provisions of any other agreement between the Company and the Stockholder (if applicable), any Stockholder who is a natural person may Transfer any or all of such Stockholder’s Shares (a) by gift to, or for the benefit of, any Members of the Immediate Family of such Stockholder or (b) to a trust (or limited liability company, partnership or other estate planning vehicle) for the benefit of such Stockholder and/or any Members of the Immediate Family of such Stockholder; provided, that the trust instrument governing such trust (or limited liability company agreement or partnership agreement, as applicable) must provide that such Stockholder, as trustee (or managing member, manager, general partner or otherwise, as applicable), must retain sole and exclusive control over the voting and disposition of such Shares until the termination of the provisions of this Section 3.2.
Estate Planning. Notwithstanding the provisions of Section 11.2(bbbbb)(9), so long as the Transfer does not cause a change in the Control of Borrower, and Key Principal and Guarantor, as applicable, maintain the same right and ability to Control Borrower as existed prior to the Transfer, Lender shall consent to Transfers of direct or indirect ownership interests in Borrower and Transfers of direct or indirect ownership interests in an entity Key Principal or entity Guarantor to: Immediate Family Members of such transferor, each of whom must have obtained the legal age of majority; United States domiciled trusts established for the benefit of the transferor or Immediate Family Members of the transferor; or partnerships or limited liability companies of which the partners or members, respectively, are comprised entirely of such transferor and Immediate Family Members (each of whom must have obtained the legal age of majority) of such transferor, Immediate Family Members (each of whom must have obtained the legal age of majority) of such transferor, or United States domiciled trusts established for the benefit of the transferor or Immediate Family Members of the transferor. If the conditions set forth in this Section 11.3(ggggg) are satisfied, the Transfer Fee shall be waived provided Borrower shall pay the Review Fee and out-of-pocket costs set forth in Section 11.3(kkkkk).
Estate Planning. The Executive shall be reimbursed by the Company, upon presentation of an expense statement, for the reasonable fees and disbursements of an estate planning advisor to be selected by the Executive.
Estate Planning. In the event of the termination of Executive’s employment following a Change of Control, then Executive shall also be entitled to the reimbursement of the Executive’s estate planning expenses (including attorneys’ fees) as to which and on the terms of which Executive was entitled prior to the termination for a period of two (2) years following the date of termination of employment.
Estate Planning. Notwithstanding the provisions of Section 11.02(b)(2), so long as (3) the Transfer does not cause a change in the management and control of Borrower and (4) the transferor Key Principal or Guarantor, as applicable, maintains the same right and ability to manage and control Borrower as existed prior to the Transfer, Lender shall consent to Transfers of direct or indirect ownership interests in Borrower held by a Key Principal or Guarantor to, and Transfers of direct or indirect ownership interests, in an entity Key Principal or entity Guarantor to:
(A) Immediate Family Members of such Key Principal or Guarantor;
(B) United States domiciled trusts established for the benefit of the transferor Key Principal or transferor Guarantor, or Immediate Family Members of the transferor Key Principal or the transferor Guarantor; or
(C) partnerships or limited liability companies of which the partners or members, respectively, are all Immediate Family Members of such Key Principal or Guarantor. If the conditions set forth in this Section 11.03(c) are satisfied, the Transfer Fee shall be waived provided Borrower shall pay the Review Fee and out-of-pocket costs set forth in Section 11.03(g).
Estate Planning a. In addition, until the Children are emancipated, each Party shall designate the other Party or, if applicable, the Insurance Trust, as the beneficiary of no less than __% of the value of that Party’s net estate. The value of a Party’s net estate shall be determined by taking the value of the Party's gross estate as finally determined for Federal estate tax purposes and deducting the following:
i. Federal and state estate or inheritance taxes;
ii. Debts of the Party as of the date of the Party's death; and
iii. Expenses of administering the Party's estate.
b. The Parties shall have the right to verification of compliance with the provisions of this paragraph upon reasonable notice and at reasonable intervals. [If either Party remarries, he or she shall enter into a prenuptial agreement that includes the substance of this paragraph as a provision.]
c. If the arrangements required under this section of the Agreement are not in full force and effect at the time of a Party’s death, then notwithstanding anything to the contrary contained in this Agreement, the other Party shall have a creditor's claim against the Party’s estate (as well as any other remedy available to him/her) for (a) the amount of money needed to satisfy these terms, and (b) attorney’s fees and costs reasonably incurred in connection with the assertion of this claim.
Estate Planning. Notwithstanding the provisions of this Section 4, the Founders’ HoldCo may, on behalf of any Founder, may sell or otherwise assign, for estate planning purposes, with or without consideration, Common Shares of each Founder’s holdings, to any spouse or member of such Founder’s immediate family, or to a custodian, trustee, executor, or other fiduciary for the account of such Founder’s spouse or members of such Founder’s immediate family, or to a trust for such Founder’s own self, or a charitable remainder trust, provided that each such Transferee or assignee (each, a “Permitted Transferee”), prior to the completion of the sale, transfer, or assignment, shall have executed documents assuming the obligations of such Founder and the Founders’ HoldCo under this Agreement with respect to the transferred Common Shares.
Estate Planning. Upon the request of a Requesting Party who is an individual and in connection with a proposed transfer of Common Shares actually owned or Constructively Owned by such Requesting Party to a Family Member for estate planning purposes, the FVE Board will consider in good faith a request by such Requesting Party to grant such exceptions to the Ownership Limit and to the restrictions on Transfers constituting “5-percent Transactions” (as that term is defined in the Company’s Bylaws) as may be necessary to permit such transfers, it being understood that the decision to grant any such exceptions will be in the sole discretion of the FVE Board.
