Charitable Trustee definition

Charitable Trustee means each Person, unaffiliated with the Trust and a Prohibited Owner, that is appointed by the Trust from time to time to serve as a trustee of a Charitable Trust as provided by Section 8.3(a).
Charitable Trustee means the Person unaffiliated with the Corporation and a Prohibited Owner that is appointed by the Corporation to serve as Trustee of the Charitable Trust.
Charitable Trustee means a Person unaffiliated with the Trust and unaffiliated with the Prohibited Owner, that is appointed by a majority of the Trustees to serve as trustee of the Charitable Trust.

Examples of Charitable Trustee in a sentence

  • The Trust may reduce the amount payable to the Prohibited Owner by the amount of dividends and other distributions which have been paid to the Prohibited Owner and are owed by the Prohibited Owner to the Charitable Trustee pursuant to Section 14.2(c).

  • Shares held by the Charitable Trustee shall be issued and outstanding Shares.

  • Any net sales proceeds in excess of the amount payable to the Prohibited Owner and any other amounts received by the Charitable Trustee with respect to such Shares shall be immediately paid to the Charitable Beneficiary.

  • Within 20 days of receiving notice from the Trust that Shares have been transferred to the Charitable Trust, the Charitable Trustee shall sell the Shares held in the Charitable Trust to a Person, designated by the Charitable Trustee, whose ownership of the Shares will not violate the ownership limitations set forth in Section 14.1(a).

  • The Prohibited Owner shall not benefit economically from ownership of any Shares held in trust by the Charitable Trustee, shall have no rights to dividends or other distributions and shall not possess any rights to vote or other rights attributable to the Shares held in the Charitable Trust.


More Definitions of Charitable Trustee

Charitable Trustee means the Person unaffiliated with the Trust and a Prohibited Owner, that is appointed by the Trust to serve as trustee of the Charitable Trust.
Charitable Trustee means the trustee of the Charitable Trust.
Charitable Trustee means the Person unaffiliated with the Company and a Prohibited Owner that is appointed by the Company to serve as Trustee of the Charitable Trust.
Charitable Trustee means the Trust, acting as trustee for the Charitable Trust, or any successor trustee appointed by the Trust.
Charitable Trustee means the Person that is not an Affiliate of the Trust and any Prohibited Owner that is appointed by the Trust to serve as trustee of the Charitable Trust.
Charitable Trustee means any Person unaffiliated with the Partnership and any Purported Beneficial Transferee or Purported Record Transferee that is appointed by the Partnership to serve as a trustee of a Charitable Trust;
Charitable Trustee means the Person that is initially appointed by the Corporation, or any successor subsequently designated by the Corporation, to serve as trustee of the Charitable Trust provided that such Person is unaffiliated with the Corporation or the Purported Owner.