Family Group Member definition

Family Group Member means the spouse, sibling or lineal descendant of the Holder or a trust established for any such person.
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Family Group Member. Family Group Member" shall mean (i) a relative that is the spouse, parent, grandparent, brother, sister or descendant (whether natural or adopted) and the respective spouses and descendants of the foregoing, (ii) any trust for the sole benefit of any Person or Persons referred to in clause (i) above, or (iii) the estate of any Person referred to in clause (i) above.
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Family Group Member means (i) any individual that controls such Member on the date of its admission as a Member to the Company (ii) the parents grandparents, brothers, sisters, spouse and descendants (whether natural or adopted) of any Member who is an individual or a person described in clause (i) above; (iii) any spouse or descendant of any person described in clauses (i) and (ii) above; (iv) any trust created solely for the benefit of any person described in clauses (i) through (iii) above and any beneficiary of any trust that is a Member; (v) any executor or administrator for any of the persons described in clauses (i) through (iv) above; (vi) any company solely of persons described in clauses (i) through (v) above; and (vii) any corporate foundation created by any of the persons described in clauses (i) through (v) above for charitable purposes.
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Examples of Family Group Member in a sentence

  • No Stock Option shall be transferable by the Holder, otherwise than by will or by the laws of descent and distribution, and all Stock Options shall be exercisable, during the Holder's lifetime, only by the Holder; provided however that, notwithstanding anything to the contrary contained herein, the Committee may in its sole discretion allow a Non-Incentive Stock Option to be transferred to a Family Group Member.

  • A Director Holder may transfer Director Shares to his parents, siblings, spouse, or issue or to a trust or custodianship for the exclusive benefit of himself or any of them (each a "Family Group Member"); provided that any such transferee agrees in writing to be bound by the provisions of this Agreement that bind the transferor Director Holder.

  • An Other Family Group Member may specify in the Acceptance Notice that payment for any of the Offered Shares purchased pursuant to the Acceptance Notice will be in the form of an equal number of shares of Class A Common Stock.

  • To exercise this option, an Other Family Group Member shall, within the Acceptance Period, give notice in accordance with Section 3.1 (an "Acceptance Notice") to the Company (which shall notify the Offering Shareholder), specifying the number of Remaining Shares to be purchased and, if desired, the number of additional Remaining Shares the Other Family Group Member will purchase if not all Other Family Group Members exercise their options.

  • A Family Group Member may specify in the Acceptance Notice that payment for any of the Offered Shares purchased pursuant to the Acceptance Notice will be in the form of an equal number of shares of Class A Common Stock.

  • Each Other Family Group Member shall have the option to purchase up to the percentage of the Remaining Shares equal to the percentage of the total number of Shares held by or for the benefit of all Other Family Group Members which are held by or for the benefit of the particular Other Family Group Member.

  • A Management Holder may transfer Management Shares to his parents, siblings, spouse, or issue or to a trust or custodianship for the exclusive benefit of himself or any of them (each a "Family Group Member"); provided that any such transferee agrees in writing to be bound by the provisions of this Agreement that bind the transferor Management Holder.

  • To exercise this option, a Family Group Member shall, within the 10-day period commencing on the effective date of the Offer Notice (the "Acceptance Period"), give notice in accordance with Section 3.1 (an "Acceptance Notice") to the Company (which shall notify the Offering Shareholder), specifying the number of Offered Shares to be purchased and, if desired, the number of additional Offered Shares the Family Group Member will purchase if other Family Group Members do not exercise their options.

  • As used herein, the term "Family Group Member" shall mean Xxxxxx X.

  • No Stock Option shall be transferable by the Holder otherwise than by will or by the laws of descent and distribution, and all Stock Options shall be exercisable, during the Holder’s lifetime, only by the Holder; provided, however, that notwithstanding anything to the contrary contained herein, the Committee may in its sole discretion allow a Non-Incentive Stock Option to be transferred to a Family Group Member.


More Definitions of Family Group Member

Family Group Member. Means with respect to (i) (I) JAH, Xxx Xxxxxxx; (II) RFIA: Xxxxxx X. Xxxxxxxxxx; (III) Xxxxxx I/O LLC: Xxxxxx Xxxxxx; (IV) RSI: Xxxxx Xxxxxxx or Xxxxxxxx Xxxxxxx; (ii) the parents grandparents, brothers, sisters, spouse and descendants (whether natural or adopted) of any person described in clause (i) above; (iii) any spouse or descendant of any person described in clauses (i) and (ii) above; (iv) any trust created solely for the benefit of any person described in clauses (i) through (iii) above; (v) any executor or administrator for any of the persons described in clauses (i) through (iv) above; (vi) any partnership solely of persons described in clauses (i) through (v) above; and
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Family Group Member means, with respect to any natural person, such natural person’s spouse, parent, siblings, descendants (including adoptive relationships and stepchildren) and the spouses of each such natural persons. No Person shall be deemed a Permitted Transferee unless such Person executes and delivers an Adoption Agreement in substantially the form of Exhibit A.
Sample 1
Family Group Member means Xxxxxx X. Xxxxxxxxxx; (ii) the parents grandparents, brothers, sisters, spouse and descendants (whether natural or adopted) of the person described in clause (i) above; (iii) any spouse or descendant of any person described in clauses (i) and (ii) above; (iv) any trust created solely for the benefit of one or more of any persons described in clauses (i) through (iii) above; (v) any executor or administrator for any of the persons described in clauses (i) through (iv) above; (vi) any partnership solely of persons described in clauses (i) through (v) above; and
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Family Group Member. Means with respect to (i) (I) Veritech, Jon Halpern; (II) Rabinowitz: Marty Rabinowitz; (III) Simon: Arxxxx Xxxxx; (IV) Hoxxxx: Xxxen Xxxxxx xx (X) XXX: Scott Rechler xx Xxxxxxxx Rechlex; (xi) xxx xxxxxxx grandparents, xxxxxxxx, xxxters, xxxxxx xxx xxxxendants (whether natural or adopted) of any person described in clause (i) above; (iii) any spouse or descendant of any person described in clauses (i) and (ii) above; (iv) any trust created solely for the benefit of any person described in clauses (i) through (iii) above; (v) any executor or administrator for any of the persons described in clauses (i) through (iv) above; (vi) any partnership solely of persons described in clauses (i) through (v) above; and
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Related to Family Group Member

  • Family Group means with respect to any individual, such individual’s current or former spouse, their respective parents, descendants of such parents (whether natural or adopted) and the spouses of such descendants, any trust, limited partnership, corporation or limited liability company established solely for the benefit of such individual or such individual’s current or former spouse, their respective parents, descendants of such parents (whether natural or adopted) or the spouses of such descendants.

  • Minority group member means a United States citizen or permanent resident alien who is and can demonstrate membership in one of the following groups:

  • Company Group Member means each member of the Company Group.

  • Restricted Group means, collectively the Company, its subsidiaries, the members of the Sponsor Group and their respective Affiliates.

  • Seller Group Member means (a) Seller and its Affiliates, (b) directors, officers and employees of Seller and its Affiliates and (c) the successors and assigns of the foregoing.

  • Group Business Entity means;

  • Business Entity means a natural or legal person, business corporation, professional services corporation, limited liability company, partnership, limited partnership, business trust, association or any other legal commercial entity organized under the laws of this State or of any other state or foreign jurisdiction;

  • Investment Affiliate means any Person in which the Consolidated Group, directly or indirectly, has made an Investment and whose financial results are not consolidated under GAAP with the financial results of the Consolidated Group.

  • Partnership Subsidiary means Host LP and any partnership, limited liability company, or other entity treated as a partnership for federal income tax purposes or disregarded as a separate entity for federal income tax purposes in which either Host REIT or Host LP owns (or owned on or after January 1, 1999) an interest, either directly or through one or more other partnerships, limited liability companies or other entities treated as a partnership for federal income tax purposes or disregarded as a separate entity for federal income tax purposes (whether or not Host REIT or Host LP has a controlling interest in, or otherwise has the ability to control or direct the operation of, such entity). Notwithstanding the foregoing, the term “Partnership Subsidiary” shall not in any way be deemed to include the Non-Controlled Subsidiaries or subsidiaries thereof, the Taxable REIT Subsidiaries or subsidiaries thereof, or the Subsidiary REITs or subsidiaries thereof.

  • Partnership Group Member means any member of the Partnership Group.

  • Affiliated business entity relationship means a relationship, other than a parent- subsidiary relationship, that exists when

  • Parent Affiliate means any Person under common control with any of the Parent Entities within the meaning of Section 414(b), Section 414(c), Section 414(m) or Section 414(o) of the Code, and the regulations issued thereunder.

  • Restricted Entity means any "employee benefit plan" as defined in and subject to ERISA, any "plan" as defined in and subject to Section 4975 of the Code, or any entity any portion or all of the assets of which are deemed pursuant to United States Department of Labor Regulation Section 2510.3-101 or otherwise pursuant to ERISA or the Code to be, for any purpose of ERISA or Section 4975 of the Code, assets of any such "employee benefit plan" or "plan" that invests in such entity.

  • Group Entity means any of the Company and Subsidiaries of the Company.

  • Material Domestic Subsidiary means any Domestic Subsidiary that is a Material Subsidiary.

  • Permitted Affiliate means with respect to any Person (a) any Person that directly or indirectly controls such Person, and (b) any Person which is controlled by or is under common control with such controlling Person. As used in this definition, the term “control” of a Person means the possession, directly or indirectly, of the power to vote eighty percent (80%) or more of any class of voting securities of such Person or to direct or cause the direction of the management or policies of a Person, whether through the ownership of voting securities, by contract or otherwise.

  • Group Member means a member of the Partnership Group.

  • Subsidiary Entity means a person that is controlled directly or indirectly by another person and includes a subsidiary of that subsidiary;

  • JV Entity means any joint venture of the Borrower or any Restricted Subsidiary that is not a Subsidiary.

  • Control Investment Affiliate as to any Person, any other Person that (a) directly or indirectly, is in control of, is controlled by, or is under common control with, such Person and (b) is organized by such Person primarily for the purpose of making equity or debt investments in one or more companies. For purposes of this definition, “control” of a Person means the power, directly or indirectly, to direct or cause the direction of the management and policies of such Person whether by contract or otherwise.

  • Controlled Subsidiary means any Subsidiary of the Company, 50% or more of the outstanding equity interests of which are owned by the Company and its direct or indirect Subsidiaries and of which the Company possesses, directly or indirectly, the power to direct or cause the direction of the management or policies, whether through the ownership of voting equity interests, by agreement or otherwise.

  • Controlled Investment Affiliate means, as to any Person, any other Person, other than any Sponsor, which directly or indirectly is in control of, is controlled by, or is under common control with such Person and is organized by such Person (or any Person controlling such Person) primarily for making direct or indirect equity or debt investments in the Borrower and/or other companies.

  • Permitted Holder means (a) Xxxxxxx X. Xxxxxxx, (b) any of his immediate family members or his or their respective heirs by operation of law, will or intestacy or (c) any trust, corporation, partnership or other entity, the beneficiaries, stockholders, partners, owners or Persons beneficially holding a 50.1% or more controlling interest of which consist of Xxxxxxx X. Xxxxxxx and/or his immediate family members.

  • Business Partner means a legal entity that requires use of a Cloud Service in connection with Customer’s and its Affiliates’ internal business operations. These may include customers, distributors, service providers and/or suppliers of Customer.

  • Non-Affiliate means, for any specified Person, any other Person that is not an Affiliate of the specified Person.

  • Controlled Group Member means each trade or business (whether or not incorporated) which together with the Borrower is treated as a single employer under Sections 4001(a)(14) or 4001(b)(1) of ERISA or Sections 414(b), (c), (m) or (o) of the Code.