Independent Director/Trustee definition

Independent Director/Trustee means any; (i) director or trustee of an Invesco Mutual Fund who is not an “interested person” (as defined in Section 2(a)(19) of the Investment Company Act) of an Invesco Mutual Fund; (ii) director or trustee of an Invesco ETP who is not an “interested person” (as defined in Section 2(a)(19) of the Investment Company Act) of an Invesco ETP; or (iii) member of the Invesco Canada Independent Review Committee, Invesco Canada Funds Advisory Board or Board of Directors of Invesco Corporate Class Inc. who has no other executive responsibilities or engagement in an Invesco Canada Fund or Invesco NA’s day-to-day activities beyond the scope of their duties as director/trustee.
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Independent Director/Trustee means directors and/or trustees who are not "interested persons" as defined in Section 2(a)(19) of the 1940 Act.
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Independent Director/Trustee means any director or trustee of an; (i) Invesco Mutual Fund or Invesco ETF who is not an “interested person” (as defined in Section 2(a)(19) of the Investment Company Act) of an Invesco Mutual Fund or Invesco ETF; or (ii) Invesco Canada Fund or member of the Invesco Canada Funds Advisory Board who has no other executive responsibilities or engagement in an Invesco Canada Fund or Invesco NA’s day-to-day activities beyond the scope of his or her duties as director/trustee.
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Examples of Independent Director/Trustee in a sentence

  • An Access Person who is not an Independent Director/Trustee of a Fund shall report all non-exempt securities transactions and new brokerage accounts on a quarterly basis.

  • An Access Person who is not an Independent Director/Trustee of a Fund must obtain approval from the Fund before directly or indirectly acquiring beneficial ownership in any securities in an initial public offering or in a limited offering.

  • An Access Person who is not an Independent Director/Trustee of a Morgan Stanley Dean Witter Fund shall report all non-exempt securities transactions and new brokerage accounts on a quarterly basis.

  • An Access Person who is not an Independent Director/Trustee of a Fund is subject to the Morgan Stanley Investment Management Code of Ethics and all of the requirements therein.

  • The term Independent Director/Trustee means a director/trustee of the Funds who is not an "interested person" of the Funds within the meaning of Section 2(a)(19) of the 1940 Act.

  • In the event of a request for indemnification from an Independent Director/Trustee, the Administrator shall pay advances to the fullest extent permissible under the 1940 Act and applicable state law.

  • An Independent Director/Trustee of the Funds shall report a transaction in a Security if the Director/Trustee, at the time of the transaction, knew or, in the ordinary course of fulfilling his/her official duties as a Director/Trustee of the Funds, should have known that, during the 15-day period immediately preceding or after the date of the transaction by the Director/Trustee, the Security is or was purchased or sold by the Funds or was Being Considered for Purchase or Sale.

  • Sanctions, if any, are to be imposed on a Independent Director/Trustee upon a resolution by a majority of the of such Fund’s Board of Directors/Trustees.

  • Principal Funds Special Rules Applicable to Independent Directors/Trustees Under Rule 17j-1 of the 40 Act, an Access Person who is an Independent Director/Trustee of the Principal Funds and who would be required to make a report solely by reason of being a Principal Funds Director/Trustee need not make an initial holdings or an annual holdings report.

  • Sanctions, if any, are to be imposed on an Independent Director/Trustee upon a resolution by a majority of the of such Fund’s Board of Directors/Trustees.


More Definitions of Independent Director/Trustee

Independent Director/Trustee means a director/trustee of the Board who is not an "interested person" of the Funds within the meaning of Section 2(a)(19) of the Investment Company Act of 1940, as amended ("Investment Company Act").
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Independent Director/Trustee means any; (i) director or trustee of an Invesco Mutual Fund who is not an “interested person” (as defined in Section 2(a)(19) of the Investment Company Act) of an Invesco Mutual Fund; (ii) director or trustee of an Invesco ETP who
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Independent Director/Trustee means any director or trustee of an Oppenheimer Fund or Joint Venture Fund (as defined below) who is not an “interested person” (as defined in Section 2(a)(19) of the Investment Company Act) of the Fund or Joint Venture Fund. An Independent Director is not considered an Employee or Investment Person.
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Independent Director/Trustee means any director or trustee of the Funds who is not an Interested Person.
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Independent Director/Trustee means a Director/Trustee of the Company who is not an "interested person" of the Company within the meaning of Section 2(a)(19) of the 1940 Act. The Secretary of the Company will inform each Director/Trustee whether he or she is an Independent Director/Trustee.
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Related to Independent Director/Trustee

  • Independent Director/Trustee means any; (i) director or trustee of an Invesco Mutual Fund who is not an “interested person” (as defined in Section 2(a)(19) of the Investment Company Act) of an Invesco Mutual Fund; (ii) director or trustee of an Invesco ETP who is not an “interested person” (as defined in Section 2(a)(19) of the Investment Company Act) of an Invesco ETP; or (iii) member of the Invesco Canada Independent Review Committee, Invesco Canada Funds Advisory Board or Board of Directors of Invesco Corporate Class Inc. who has no other executive responsibilities or engagement in an Invesco Canada Fund or Invesco NA’s day-to-day activities beyond the scope of their duties as director/trustee.

  • Independent Director means a director referred to in Section 149 (6) of the Companies Act, 2013.

  • Disinterested Director/Trustee means a Director/Trustee of the Fund who is not an "interested person" of the Fund within the meaning of Section 2(a)(19) of the Act.

  • Independent Directors means the members of the Board of Directors who are not officers or employees of the Manager.

  • Independent Board Member means a trustee of the Fund who is neither an “interested person” of the Fund as defined in Section 2(a)(19) of the Investment Company Act of 1940, as amended, nor a party to the Proceeding with respect to which indemnification or advances are sought.

  • Independent Fund Director means an independent director of an investment company advised by Invesco.

  • Independent Board Committee means the independent board committee of the Company

  • Independent Manager shall refer to a member of the Board that meets the standards of an “independent director” set forth in NASDAQ Marketplace Rule 4200(a)(15) (on any successor rule) with respect the Company, the Administrator and their respective affiliates. In the event a Special Committee is formed, the term “Independent Manager” shall, as the context requires, refer generically to each Independent Manager.

  • shadow director means, in relation to a company, any person in accordance with whose directions or instructions the directors of the company are accustomed to act, but the person is not deemed to be a shadow director by reason only that the directors act on advice given by that person in a professional capacity; and

  • Independent Trustee means a Trustee who is not an interested person within the meaning of Section 2(a)(19) of the Investment Company Act.

  • Nomination and Remuneration Committee means a Committee of Board of Directors of the Company, constituted in accordance with the provisions of Section 178 of the Companies Act, 2013 and the Listing Agreement.

  • New Director means an individual whose election by the Board or nomination for election by the Company’s stockholders was approved by a vote of at least two-thirds of the directors then still in office who either were directors at the Date of Grant or whose election or nomination for election was previously so approved or recommended. However, “New Director” shall not include a director whose initial assumption of office is in connection with an actual or threatened election contest, including but not limited to a consent solicitation relating to the election of directors of the Company.

  • Qualified Director means a person who, at the time action is to be taken under:

  • Inside Director means a Director who is an Employee.

  • Management Director means a Person selected in accordance with Article IV of this Agreement who shall have the powers and duties to manage the business and affairs of the Company and exercise its powers to the extent set forth in this Agreement, the Certificate and the Act. Each Management Director shall be a “manager” of the Company within the meaning of the Act.

  • Disinterested Director/Trustee means a Director/Trustee of the Fund who is not an "interested person" of the Fund within the meaning of Section 2(a)(19) of the Act.

  • Appointed Director means a person appointed in accordance with these bylaws as an appointed director or appointed as a replacement director for an appointed director;

  • Disinterested Trustee means a Trustee of a Fund who is not an “interested person” of the Fund within the meaning of Section 2(a)(19) of the 1940 Act.

  • Investor Director means any Director designated or nominated for election to the Board by the Investor Shareholders pursuant to Section 2.1 of this Agreement.

  • Designated Director means a person designated by the RE to ensure overall compliance with the obligations imposed under chapter IV of the PML Act and the Rules and shall include:

  • Nonemployee Director means a Director who is not an Employee.

  • Eligible Director means a person who is (i) a “non-employee director” within the meaning of Rule 16b-3 under the Exchange Act, and (ii) an “outside director” within the meaning of Section 162(m) of the Code.

  • Investor Designee means an individual nominated by the Board as a “Investor Designee” for election to the Board pursuant to Section 5.10(a), Section 5.10(d) or Section 5.10(e) of the Investment Agreement.

  • Employee Director means a member of the Board of Directors of the Company that is also an Employee of the Company.

  • Nominating Committee means the nominating committee of the board of directors of the Company established pursuant to the Articles, or any successor committee.