Founder Trustee definition

Founder Trustee means any natural person designated or approved by a Founder and approved by resolution of not less than sixty-six and two-thirds percent (66-2/3%) of the directors then constituting the entire Board of Directors, in each case acting in his or her capacity as voting trustee pursuant to a written voting trust agreement entered into by such Founder prior to his death or Disability; provided, however, that approval of the Board of Directors shall not be required for any such natural person designated or approved by such Founder pursuant to a written voting trust agreement entered into by such Founder prior to the Reclassification Date (as defined below) and serving as voting trustee at the Reclassification Date.
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Founder Trustee means any natural person designated or approved by a Founder and approved by resolution of not less than sixty-six and two-thirds percent (66-2/3%) of the directors then constituting the entire Board of Directors, in each case acting in his or her capacity
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Founder Trustee means Sergey V. Gurin (provided that, upon the expiration or termination of his (or any successor’s) service as the president of the Corporation, the successor president of the Corporation shall be substituted as a Founder Trustee), or any successors to the persons designated by the Founder and approved by resolution of not less than sixty-six and two-thirds percent (662/3%) of the stockholders or by resolution of not less than sixty-six and two-thirds percent (66 %) of the Board of Directors, in each case in their capacities as voting trustees pursuant to a written voting trust agreement entered into by the Founder.
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Examples of Founder Trustee in a sentence

  • The Trust Fund is Rs.10,000/- WHEREAS the Founder Trustee now further fools that certain new clauses have to be incorporated in the Trust Deed.


More Definitions of Founder Trustee

Founder Trustee a Trustee appointed by the Founder in terms of 7.1.3;
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Founder Trustee means HSBC International Trustee Limited, a company incorporated in the Cayman Islands with limited liability.
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Related to Founder Trustee

  • Delaware Trustee means, with respect to the Trust, the Person identified as the “Delaware Trustee” in the Trust Agreement, solely in its capacity as Delaware Trustee of the Trust under the Trust Agreement and not in its individual capacity, or its successor in interest in such capacity, or any successor Delaware Trustee appointed as therein provided.

  • Delaware Trust Assets Purchaser means the Computershare Delaware Trust Company.

  • Issuer Trustees means, collectively, the Property Trustee and the Delaware Trustee.

  • Owner Trustee means Wilmington Trust Company, a Delaware trust company, not in its individual capacity but solely as owner trustee under this Agreement, and any successor Owner Trustee hereunder.

  • Eligible Lender Trustee shall also mean each successor Eligible Lender Trustee as of the qualification of such successor as Eligible Lender Trustee under the Trust Agreement.