Privileged Relation definition

Privileged Relation means, in relation to a Shareholder who is an individual member, a spouse, Civil Partner, child or grandchild (including step or adopted or illegitimate children and their issue);

Privileged Relation in relation to an individual means his or her spouse and any relative of such individual with a common ancestor up to the fourth degree (including adopted children who have been adopted as a minor and step-children who have acquired that relationship with such individual or with any such relative as a minor) and any spouse of any such relative.

Privileged Relation means in relation to a shareholder who is an individual shareholder (or a deceased or former individual shareholder) means a spouse, civil partner, (as defined in the Civil Partnerships Act 2004) child or grandchild (including step or adopted or illegitimate child and their issue);

Examples of Privileged Relation in a sentence

• Articles 7 to 11 Under the provisions of Article 7 to 10 of the Articles of Association of the Company, there is a general prohibition on transfers of Ordinary Shares other than to a Privileged Relation or a Family Trust.

• Subject to the provisions of Article 10.8 (mandatory transfer on cessation of employment) any Member may at any time during his lifetime transfer any Equity Shares or Growth Shares held by him to a Privileged Relation or to trustees to be held upon a Family Trust of which he is the settlor, provided that any such transfer of Equity Shares and Growth Shares to trustees to be held upon a Family Trust may only be made with the consent in writing of the Investor Majority.

• If and whenever any Equity Shares or Growth Shares held by trustees upon a Family Trust cease to be so held upon a Family Trust (otherwise than in consequence of a transfer to the settlor or to any Privileged Relation of the settlor) or there cease to be any beneficiaries of the Family Trust other than a charity or charities a Transfer Notice shall be deemed to have been given in respect of all Equity Shares and Growth Shares by the holders thereof and such shares may not otherwise be transferred.

More Definitions of Privileged Relation

Privileged Relation means the spouse or Civil Partner of a shareholder and the shareholder's children and grandchildren (including step and adopted children and grandchildren);

Privileged Relation means the spouse and children (including adopted children) and any descendant (including any not yet born) of any such children and any trustee or trustees of a Family Trust.

Privileged Relation means in relation to any transfer of Ordinary Shares, a spouse, Civil Partner or legitimate child or step or adopted child of the Original Shareholder.

Privileged Relation means, with respect to an individual who is an employee of the UK Subsidiary, the husband or wife of such individual and all the lineal descendants and ascendants in direct line of such individual and the brothers and sisters of such individual and their lineal descendants and a husband or wife or widower or widow of any of the above persons and for the purposes aforesaid a step-child or adopted child or illegitimate child of any person shall be deemed to be his or her lineal descendant.

Privileged Relation means in relation to a member, the spouse, civil partner or widow, widower or surviving civil partner, children (including step and adopted children and grandchildren) of the member.

Privileged Relation means in relation to a Member who is an individual Member (or a deceased or former individual Member) means a spouse, civil partner (as defined in the Civil Partnerships Act 2004), child or grandchild (including step or adopted or illegitimate child and their issue);

Privileged Relation the spouse (but not, for the avoidance of doubt, a former spouse), parents, widow, widower and every child, stepchild or adopted child of an Executive and any spouse of any such person; RELATED LIMITED PARTNER: a Limited Partner who is connected to an Executive by virtue of being: