ESTABLISHMENT OF TRUST definition

ESTABLISHMENT OF TRUST. The Employer shall establish the Trust with the Trustees, pursuant to such terms and conditions as are set forth to the Trust Agreement to be entered into between the Employer and the Trustees. The Trust is intended to be treated as a "grantor" trust under the Code and the establishment of the Trust is not intended to cause Participants to realize current income on amounts contributed thereto, and the Trust shall be so interpreted.
Sample 1

Examples of ESTABLISHMENT OF TRUST in a sentence

  • SHIVWITS BAND TRUST FUND.(a) ESTABLISHMENT OF TRUST FUND.—There is established in the Treasury of the United States a fund to be known as the ‘‘Shivwits Band Trust Fund’’ (hereinafter called the ‘‘Trust Fund’’).

  • ESTABLISHMENT OF TRUST FUND; COLLEGE SAVINGS PLAN ACCOUNT; TEXAS ABLE SAVINGS PLAN ACCOUNT.

  • ESTABLISHMENT OF TRUST FUND.—Subchapter A of chapter 98 of the Internal Revenue Code of 1986 is amended by adding at the end the following new section: ‘‘SEC.

  • ESTABLISHMENT OF TRUST FOR BENEFIT OF UNPAID CASH SELLERS OF LIVESTOCK.

  • ESTABLISHMENT OF TRUST FUND.—There is established in the Treasury of the United States a trust fund to be known as the ‘‘Chippewa Cree Water System Operation, Maintenance, and Replacement Trust Fund’’, to be managed and invested by the Secretary.

  • ESTABLISHMENT OF TRUST FUND.—The amendment made by subsection (a) shall take effect on the date of the enactment of this Act.

  • ARTICLE TWO ESTABLISHMENT OF TRUST; TRANSFER OF CONTRACTS Section 2.01.

  • INFORMATION RELATIVE TO THE ESTABLISHMENT OF TRUST OFFICE IN NEW JERSEY BY A FOREIGN BANK Pursuant to NJSA 17:9A-20.5b a foreign bank may establish a trust office in this State, if the foreign bank files with the commissioner an application to register the trust office.

  • ESTABLISHMENT OF TRUST OPPORTUNITY TRUST FUNDFUND.—The amendment made by subsection (a) shall take effect on the date of the enactment of this Act.

  • Form of Contribution 51 ARTICLE VII ESTABLISHMENT OF TRUST FUND 52 Section 7.01.

Related to ESTABLISHMENT OF TRUST

  • Original Declaration of Trust shall have the meaning set forth in the recitals to this Declaration of Trust;

  • Declaration of Trust means this Agreement and Declaration of Trust, as amended or restated from time to time;

  • Establishment Date means the date on which a development area or a local development area is created. If the development area, local development area, development area plan, or local development area plan is modified or amended subsequent to the original establishment date, the modifications or amendments shall not extend the existence of the development area or local development area beyond what would be permitted under KRS 65.7041 to 65.7083 from the original establishment date;

  • Commercial establishment means a place of business which is at all times equipped with sufficient tables and seats to accommodate twenty-five persons at one time, and the licensed premises of which conform to the standards and specifications of the division.

  • Certificate of Trust means the Certificate of Trust in the form of Exhibit B to be filed for the Trust pursuant to Section 3810(a) of the Statutory Trust Statute.

  • Establishment means a single physical location where business is conducted or where services or industrial operations are performed. (For example: A factory, mill, store, hotel, restaurant, movie theatre, farm, ranch, bank, sales office, warehouse, central administrative office or governmental agency or subdivision thereof.) Where distinctly separate activities are performed at a single physical location (such as contract construction activities from the same physical location as a lumber yard), each activity shall be treated as a separate physical establishment, and a separate notice or notices shall be posted in each such establishment, to the extent that such notices have been furnished by the Occupational Safety and Health Administration, U.S. Department of Labor, or the division of labor services. Where employers are engaged in activities which are physically dispersed, such as agriculture, construction, transportation, communications and electric, gas and sanitary services, the notice or notices required by this rule shall be posted at the location to which employees report each day. Where employees do not usually work at, or report to, a single establishment, such as harbor workers, traveling salespersons, technicians, engineers, and similar personnel, such notice or notices shall be posted at the location from which the employees operate to carry out their activities. In all cases, such notice or notices shall be posted in accordance with the requirements of subrule 3.1(1).

  • Industrial establishment means any-

  • Deeds of Trust means, collectively, (i) the Deeds of Trust, Assignments, Security Agreements and Financing Statements, (ii) the Mortgages, Assignments, Security Agreements and Financing Statements, and (iii) the Deeds to Secure Debt, Assignments, Security Agreements and Financing Statements from the Borrowers, constituting Liens on the Mortgaged Sites as Collateral for the Loan as the same have been, or may be, assigned, modified or amended from time to time.

  • Trust Agreement means this Amended and Restated Trust Agreement, as the same may be modified, amended or supplemented in accordance with the applicable provisions hereof, including all exhibits hereto, including, for all purposes of this Trust Agreement and any such modification, amendment or supplement, the provisions of the Trust Indenture Act that are deemed to be a part of and govern this Trust Agreement and any such modification, amendment or supplement, respectively.

  • permanent establishment means a fixed place of business through which the business of an enterprise is wholly or partly carried on.

  • the Trust means the Trust hereby established and which shall be called the Law Society Public Purposes Trust Fund;