Qualifications of Trustees Sample Clauses

Qualifications of Trustees. A Trustee shall be an individual. The following persons are disqualified from being a Trustee of the Trust:
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Qualifications of Trustees. The Trustees shall complete the Trustee Attestation attached as Schedule C and meet the following requirements:‌
Qualifications of Trustees. The operation and administration of the Trust shall be the full responsibility of a Board of Trustees consisting of a number of Trustees selected from the ranks of elected officials of municipalities participating in the Trust. To the extent service on said Board of Trustees is subject to Art. II, Sec. 5, Fla. Const., said service shall be deemed "ex officio duties" to the duties performed by said elected officials. This paragraph shall not be construed to prohibit a member of the Board of Directors or an officer of the Florida League of Cities, Inc., or a member of the Board of Trustees of the Florida Municipal Insurance Trust, the Board of Trustees of the Florida Municipal Pension Trust Fund, or of any other similar pooled self-insurance program or governmental trust, created pursuant to the laws of Florida and consisting all or in part of Florida municipalities and governed by elected municipal officials, from serving on said Board of Trustees.
Qualifications of Trustees. A representative on the Sponsor Board shall not be a Trustee.
Qualifications of Trustees. No person shall be qualified to stand for election or appointment as a Trustee if such person has already reached the age of 70. Each Trustee shall retire from service on the Board of Trustees no later than the end of the calendar year in which such Trustee reaches age 70, provided that any Trustee who is a Trustee as of January 25, 1995 and who had reached the age of 70 prior to such date may continue to serve as a Trustee of the Trust until the end of the calendar year in which such Trustee reaches age 75 and may continue to serve for successive annual periods thereafter upon vote of a majority of the other Trustees.
Qualifications of Trustees. The members of the Board of Trustees shall be persons who are eligible to serve as directors of a registered investment company under the Investment Company Act, including without limitation the requirement under the Investment Company Act that a majority of the Board of Trustees shall be persons who are not "interested persons" (as defined in the Investment Company Act) of any Portfolio's principal underwriters and no more than sixty percent of the Board of Trustees shall be persons who are "interested persons" of the Trust. At least three-fourths (3/4ths) of the members of the Board of Trustees shall consist of persons whose principal occupations are or have been in or related to the healthcare industry, including without limitation, positions with hospitals, health systems, health facilities, medical groups, and health insuring organizations.
Qualifications of Trustees. The members of the Board of Trustees shall be persons who are eligible to serve as directors of a registered investment company under the Investment Company Act, including without limitation the requirement under the Investment Company Act that a majority of the Board of Trustees shall be persons who are not "interested persons" (as defined in the Investment Company Act) of any Portfolio's principal underwriters and no more than sixty percent of the Board of Trustees shall be persons who are "interested persons" of the Trust.
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Qualifications of Trustees. Except as provided in the following sentence, no person shall be qualified to stand for election or appointment as a Trustee if such person has already reached the age of 70. Each Trustee shall retire from service on the Board of Trustees no later than the end of the calendar year in which such Trustee reaches age 70, provided that (i) any Trustee who is a Trustee as of January 25, 1995 and who had reached the age of 70 prior to such date may continue to serve as a Trustee of the Company until the end of the calendar year in which such Trustee reaches age 75 and may continue to serve for successive annual periods thereafter upon the vote of a majority of the other Trustees; and (ii) any person who has already reached the age of 70 may stand for election or appointment, pursuant to a vote of the Trustees, in connection with an investment company reorganization or merger, and any such person may continue to serve for successive annual periods thereafter upon the vote of a majority of the other Trustees.
Qualifications of Trustees. Except as provided in the following sentence, no person shall be qualified to stand for election or appointment as a Trustee if such person has already reached the age of 72. Each Trustee shall retire from service on the Board of Trustees no later than the end of the calendar year in which such Trustee reaches age 72, provided that any Trustee who is a Trustee of any of the registered investment companies that are part of the Nations Funds family as of February 22, 2001 and who reaches age 72 no later than the end of that calendar year may continue to serve as a Trustee of the Trust until the end of the calendar year in which such Trustee reaches age 75 and may continue to serve for successive annual periods thereafter upon the vote of a majority of the other Trustees.
Qualifications of Trustees. Employees of an eligible Agency, members of the City Council, Commissioners, or members of a governing board may serve as Trustees. The executive officer of an agency cannot serve as a Trustee. Idaho Code Sections §§41- 4115 and 18-1361 prohibit an individual from being a Trustee if they receive any financial benefit from the Trust. An individual cannot serve as a Trustee if the individual is: 1) deemed to have a conflict of interest in the success of the III-A Trust; or 2) is deemed to benefit financially in either the success or failure of the III-A Trust.
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