Successor Advisor Termination Clause Samples
Successor Advisor Termination. In the event there is no properly designated Advisor or Successor Advisor to the Fund, the Foundation will follow the Succession Plan described in Addendum II.
Successor Advisor Termination. In the event there is no properly designated Donor Advisor or Successor Donor Advisor to the Fund, and no other designation has been made in Addendum II, any remaining balance shall be transferred to the Unrestricted Charitable Fund of the East Texas Communities Foundation.
Successor Advisor Termination. In the event there is no properly designated Donor Advisor or Successor Donor Advisor to the Fund, any remaining balance of the Fund shall be transferred to an endowment fund at the Foundation for the benefit of the Nonprofit.