Premature Death of Child: General Power of Appointment Sample Clauses

Premature Death of Child: General Power of Appointment. Upon the death of the beneficiary for whom a separate trust is created under this Section IV prior to the complete distribution of his or her respective trust as provided in Section 5.6.4, the then remaining principal of the beneficiary’s trust, together with all accrued and undistributed income, if any, shall as soon as practicable be paid and distributed by the Trustee to such person or persons, in such amounts or proportions, and in such a manner as the beneficiary may appoint, including his or her estate, or his or her creditors, or the creditors of his or her estate, by his or her Last Will and Testament, specifically referring to this general testamentary power of appointment. This general testamentary power of appointment shall deem to be exercised in the beneficiary’s Last Will and Testament by and only by an express exercise which specifically refers to this Section 5.6.6. In default of the exercise of the general testamentary power of appointment by such deceased grandchild, or insofar as it shall not extend or take effect, the remaining principal of the beneficiary’s trust, together with all accrued and undistributed income, if any, shall as soon as practicable be paid and distributed by the Trustee in the manner and to the persons described in Sections 4.4.1 through 4.4.4 of this Trust.
Sample 1
AutoNDA by SimpleDocs

Related to Premature Death of Child: General Power of Appointment

  • TERMINATION OF APPOINTMENT 6.1 The Issuer may terminate the appointment of the Calculation Agent at any time by giving to the Calculation Agent at least 45 days' prior written notice to that effect, provided that, so long as any of the Relevant Notes is outstanding:

  • Duration of Appointment The Employment shall be deemed to have commenced on the Commencement Date and shall continue unless terminated in accordance with the provisions of this Agreement.

  • Restrictions on chartering, appointment of managers etc No Borrower shall, in relation to the Ship owned by it:

  • Term of Appointment 2.1 The Appointment shall commence on the Commencement Date and shall continue, subject to the remaining terms of this agreement, until terminated by either party giving the other not less than three months’ prior notice in writing.

  • Perfection of Appointment Should any deed, conveyance or instrument of any nature be required from Grantor by any successor Trustee to more fully and certainly vest in and confirm to such successor Trustee such estates, rights, powers and duties, then, upon request by such Trustee, all such deeds, conveyances and instruments shall be made, executed, acknowledged and delivered and shall be caused to be recorded and/or filed by Grantor.

  • Designation and Appointment The Board may, from time to time, employ and retain Persons as may be necessary or appropriate for the conduct of the Company’s business (subject to the supervision and control of the Board), including employees, agents and other Persons (any of whom may be a Member or Director) who may be designated as Officers of the Company, with titles including but not limited to “chief executive officer,” “president,” “vice president,” “treasurer,” “secretary,” “general counsel” and “chief financial officer,” as and to the extent authorized by the Board. Any number of offices may be held by the same Person. In the Board’s discretion, the Board may choose not to fill any office for any period as it may deem advisable. Officers need not be residents of the State of Delaware or a Member. Any Officers so designated shall have such authority and perform such duties as the Board may, from time to time, delegate to them. The Board may assign titles to particular Officers. Each Officer shall hold office until his successor shall be duly designated and shall have qualified as an Officer or until his death or until he shall resign or shall have been removed in the manner hereinafter provided. The salaries or other compensation, if any, of the Officers of the Company shall be fixed from time to time by the Board.

  • Continuing Appointment A continuing appointment shall continue until retirement or until otherwise terminated pursuant to this Agreement.

  • Medical/Dental Appointments ‌ Where medical and/or dental appointments cannot be scheduled outside the employee's working hours, sick leave with pay shall be granted.

  • Appointment and Termination of Appointment Issuer may at any time appoint additional or alternative agents to provide the service(s) to be provided by the Global Agent hereunder. Issuer may terminate the appointment of the Global Agent or any part of such agency or any other agent by giving to the Global Agent or that agent at least 30 calendar days' written notice to that effect. Issuer may replace the Global Agent in any of its roles hereunder and appoint one or more other authenticating agents, paying agents, transfer agents, registrar or calculation agents for any issuance of the Notes as Issuer may determine; provided, however, that until all of the Notes have been delivered to the Global Agent for cancellation and destruction, or monies sufficient to pay the principal and interest, if any, on such Notes have been made available for payment and either paid or returned to Issuer as provided herein, Issuer will at all times maintain a paying agent; and, if and for so long as any Notes are listed on any stock exchange, Issuer shall maintain a paying agent for such Notes at any location such stock exchange may require.

  • Probationary Appointments 22B.08 The duration of a probationary appointment for persons appointed after the signing of this Collective Agreement shall normally be six (6) years, unless a shorter period was stipulated in the letter of appointment. Joint Appointments

Time is Money Join Law Insider Premium to draft better contracts faster.