Charitable Trustee definition

Charitable Trustee means each Person, unaffiliated with the Trust and a Prohibited Owner, that is appointed by the Trust from time to time to serve as a trustee of a Charitable Trust as provided by Section 8.3(a).

Charitable Trustee means the Person unaffiliated with the Corporation and a Prohibited Owner that is appointed by the Corporation to serve as Trustee of the Charitable Trust.

Charitable Trustee means a Person unaffiliated with the Trust and unaffiliated with the Prohibited Owner, that is appointed by a majority of the Trustees to serve as trustee of the Charitable Trust.

Examples of Charitable Trustee in a sentence

• The Prohibited Owner shall have no rights in the Shares held by the Charitable Trustee.

• The Charitable Trustee shall distribute any such assets received in respect of the Shares held in the Charitable Trust in any liquidation, dissolution or winding up of, or distribution of the assets of the Trust, in accordance with Section 8.2.5.

• Any dividends or other distributions so paid over to the Charitable Trustee shall be held in trust for the Charitable Beneficiary.

• Within 20 days of receiving notice from the Trust that Shares have been transferred to the Charitable Trust, the Charitable Trustee shall sell the Shares held in the Charitable Trust to a Person, designated by the Charitable Trustee, whose ownership of the Shares will not violate the ownership limitations set forth in Section 8.1.1(a).

• Neither the failure of the Trust to make such designation nor the failure of the Trust to appoint the Charitable Trustee before the automatic transfer provided for in Section 8.1.1 shall make such transfer ineffective, provided that the Trust thereafter makes such designation and appointment.

More Definitions of Charitable Trustee

Charitable Trustee means the trustee of the Charitable Trust.

Charitable Trustee means the Person, unaffiliated with the Company and a Prohibited Owner, that is appointed by the Company from time to time to serve as trustee of the Charitable Trust.

Charitable Trustee means the Person unaffiliated with the Trust and a Prohibited Owner, that is appointed by the Trust to serve as trustee of the Charitable Trust.

Charitable Trustee means the Person unaffiliated with the Company and a Prohibited Owner that is appointed by the Company to serve as Trustee of the Charitable Trust.

Charitable Trustee means the Person that is not an Affiliate of the Trust or an Affiliate of any Prohibited Owner that is appointed by the Trust to serve as trustee of the Charitable Trust.

Charitable Trustee means the Trust, acting as trustee for the Charitable Trust, or any successor trustee appointed by the Trust.

Charitable Trustee means any Person unaffiliated with the Partnership and any Purported Beneficial Transferee or Purported Record Transferee that is appointed by the Partnership to serve as a trustee of a Charitable Trust;