Successor Holder definition

Successor Holder means the individual who is the Holder’s survivor as defined in subsection 146.2(1) of the Act whom the Holder designates to become and who then becomes the holder (as defined in subsection 146.2(1) of the Act) of the Plan;

Successor Holder means spouse or common-law partner designated by you as the successor holder of the TFSA in the event of your death.

Successor Holder means any member of a TPG Sponsor Entity that receives Registrable Shares in a Successor Distribution and becomes a signatory to this Agreement or an amendment thereto.”

Examples of Successor Holder in a sentence

• If no beneficiary is named, or if a named beneficiary does not survive the Grantee, the Successor Holder may exercise the Grantee’s rights under the Plan.

• A Successor Holder must furnish proof satisfactory to the Company of his or her rights to exercise the Award under the Holder’s will or under the applicable laws of descent and distribution.

• Any reference to “Holder” or “applicant” in the Declaration of Trust or in the Application means the Holder or Successor Holder.

• In the event of the death of the Holder where the Holder has validly designated the Successor Holder (and the Holder is domiciled in a jurisdiction designated by the Trustee as one in which a holder of a tax-free savings account may validly designate a successor holder), the Successor Holder shall become the Holder.

• Upon a Holder's death, the Holder's personal representative or other person entitled to succeed to the rights of the Holder (the "Successor Holder") may exercise such rights as are provided under the applicable Award Document.

More Definitions of Successor Holder

Successor Holder. Means an individual’s survivor, following the death of the individual, who was duly designated by the individual to acquire all their rights as the holder of the TFSA.

Successor Holder means the estate of the deceased Original Holder as well as any successor beneficial owner (by will or laws of succession) of the S-SCUs of the deceased Original Holder, provided however, that a Record Holder of S-SCUs that was deemed an Original Holder under clause (e) above with respect to such S-SCUs on behalf of such deceased Original Holder shall likewise be deemed a Successor Holder of such S-SCUs on behalf of such Successor Holder(s) for purposes of this Section 5.

Successor Holder shall have the meaning set forth in Section 13.15.

Successor Holder means a “survivor”, as that term is defined in subsection 146.2(1) of the Act, who is your spouse

Successor Holder means: (i) the legal representative of the estate of a deceased Holder or (ii) the person who shall acquire the right to exercise an Award by bequest or inheritance or other transfer or by reason of the death of the Holder or (iii) persons who shall acquire the right to exercise an Award on behalf of the Holder as the result of a determination by a court or other governmental agency of the incapacity of the Holder.

Successor Holder means an individual who is my survivor as defined in subsection 146.2(1) of the Income Tax Act (Canada) (“Tax Act”) whom I designate to become and who becomes the holder (as defined in subsection 146.2(1) of the Tax Act) of the Plan after my death; and “Holder” means the Original Holder or the Successor Holder.

Successor Holder means any person to whom a Property Contributor or Successor Holder transfers or conveys all or a portion of the OP Units held by it for estate planning purposes, including a transfer or conveyance to (i) parents, spouses, siblings, descendants, and/or ancestors by such Property Contributor or Successor Holder or an individual who owns an interest in such Property Contributor or Successor Holder, and (ii) trusts, family trusts, partnerships, limited liability companies, family limited partnerships or other entities established for estate planning purposes by such Property Contributor or Successor Holder or an individual who owns an interest in such Property Contributor or Successor Holder.