Stock Trust definition

Stock Trust means the Becton, Dickinson and Company Deferred Salary and Bonus Trust established as of August 15, 1996 between the Company and Wachovia Bank of North Carolina, N.A., as amended from time to time thereafter.
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Stock Trust means the Becton, Xxxxxxxxx and Company Deferred Salary and Bonus Trust established as of August 15, 1996 between the Company and Wachovia Bank of North Carolina, N. A. , as amended from time to time thereafter.
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Stock Trust means any separate trust created pursuant to Paragraph A(3) of this Section SEVENTH and administered in accordance with the terms of Paragraph B of this Section SEVENTH, for the exclusive benefit of any Beneficiary.
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Examples of Stock Trust in a sentence

  • On a date before September 25, 1985, Testator’s shares of Stock were transferred to Stock Trust A.

  • Highest Court, in effect, confirmed that the Stock Trust remainder (and Residuary Trust remainder) passed by intestacy to the Children.

  • Some parties argued that trust income should be distributed per stirpes through the roots of the Children for the duration of the Stock Trust.

  • In all other respects, the terms of the revised Stock Trust (Stock Trust A) and Residuary Trust (Residuary Trust A) were the same as those provided in Testator’s Will.

  • All rights to receive Stock Trust income terminated when the last surviving grandchild died, at which time the Stock Trust principal was distributable under the Residuary Trust of the Will.

  • This was the pivotal factor in determining whether his bequests of Stock Trust and Residuary Trust income and remainders to his grandchildren and great-grandchildren violated the rule against perpetuities.

  • There were nogreat-grandchildren at the time.Under Articles Third and Eighth of Testator’s will (the Will), his shares of Stock were to be held in trust (the Stock Trust).

  • The Children’s Agreement also changed the Will’s pro rata distribution of the Stock Trust (and Residuary Trust) remainder to a per stirpes distribution.

  • The Residuary Trust provisions were identical to those of the Stock Trust except that the Residuary Trust was to terminate when Testator’s youngest great-grandchild reached age twenty-one.

  • Therefore, Highest Court held the Stock Trust remainders to be void and illegal as violating the rule against perpetuities.Cite 7.5 State Statute: the “wait and see” rule Nearly y decades after Highest Court rendered its decision in Cite 2, the State legislature enacted State Statute.


More Definitions of Stock Trust

Stock Trust. Section 2.3.6 "Subsidiary" -- Section 9.11(j) "Surviving Corporation" -- Section 1.2 "taxes" -- Section 3.1.12 "Termination Fee" -- Section 8.2 "Transfer Taxes" -- Section 6.15 12 This AGREEMENT AND PLAN OF MERGER dated as of February 18, 1998 (this "Agreement") is made and entered into by and among Simox XxXxxxxxx Xxxup, Inc., a Maryland corporation ("A1"), Corporate Property Investors, a Massachusetts business trust ("C1"), and Corporate Realty Consultants, Inc., a Delaware corporation ("C2").
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Stock Trust or "Trust" means the trust established pursuant to documents in substantially the form attached as Exhibit A of this Agreement for purposes of funding all or part of the Enhanced Contributions required pursuant to section II.A.1.(c) of the Agreement.
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Stock Trust is defined in the Recitals.
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Stock Trust means the Millennium Chemicals Inc. Deferred Salary and Bonus Trust established with the trustee with respect to this Plan.
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Related to Stock Trust

  • Income trust means a trust or an entity, including corporate and non-corporate entities, the securities of which entitle the holder to net cash flows generated by an underlying business or income-producing properties owned through the trust or by the entity;

  • Computershare means Computershare Trust Company of Canada;

  • Trust Company means a financial institution, corporation, or other legal entity, authorized to exercise general trust powers.

  • Plan Trust means the trust governed by the Plan.

  • National City National City Mortgage Co., or any successor thereto.

  • First trust means a trust over which an authorized fiduciary may exercise the decanting power.

  • Business trust means a trust created for the purpose of making a profit through the combination of capital contributed by the beneficiaries of the trust and through the administration or management of the capital by trustees or a person acting on behalf of the trustees, for the benefit of the beneficiaries;

  • Academy Trust shall include any company in which the Academy Trust: • holds more than 50% of the shares; or • controls more than 50% of the voting rights attached to the shares; or • has the right to appoint one or more directors to the board of the company.

  • Gas Corporation means the body corporate established by section 4 of the Gas Corporation Act 1994;

  • Trust Common Securities means the securities representing common undivided beneficial interests in the assets of the Trust.

  • trust corporation means a trust corporation (as defined in the Law of Property Act 1925) or a corporation entitled to act as a trustee pursuant to applicable foreign legislation relating to trustees.

  • Corporate Trust Contract means any indenture, trust, pooling and servicing, paying agency, collateral or disbursing agency, securities (whether bond, note, debenture or other) registrar, transfer agency or document custody Contracts and all other fiduciary, agency and corporate trust Contracts, including call rights, in each case, in respect of the Appointments.

  • U.S. Bank means U.S. Bank National Association, a national banking association.

  • Irrevocable trust means a trust over which no person holds a power of revocation. A power holder's lack of capacity to exercise a power of revocation negates the power of revocation unless an agent of the power holder under a durable power of attorney, a conservator of the power holder, or a plenary guardian of the power holder is serving and the agent, conservator, or guardian is authorized to exercise the power of revocation.

  • Corporation/ Corpn./ Department means the Central Warehousing Corporation.

  • BNY Mellon has the meaning set forth in the introductory paragraph.

  • Voting Trust has the meaning set forth in Section 2.2(b).

  • the Eileen Trust means the charitable trust of that name established on 29th March 1993 out of funds provided by the Secretary of State for the benefit of persons eligible for payment in accordance with its provisions;

  • the Macfarlane Trust means the charitable trust, established partly out of funds provided by the Secretary of State to the Haemophilia Society, for the relief of poverty or distress among those suffering from haemophilia;

  • Enterprise Fund means the enterprise fund of the Recipient in which Revenues are deposited.

  • Trust means the arrangement through which the property of one person is made over or bequeathed to a trustee to administer such property for the benefit of another person; and

  • Owner Trust means the trust created by this Agreement.

  • Continental means Continental Stock Transfer & Trust Company.

  • Wells Fargo Bank Wells Fargo Bank, N.A., or its successor in interexx.

  • PFPC Trust means PFPC Trust Company or a subsidiary or affiliate of PFPC Trust Company.