Custodianship The parties hereto acknowledge that U.S. Bank, National Association will act as custodian of the Serviced Mortgage Files for the Trustee pursuant to the Trust Agreement.
Children/Grandchildren An employee may purchase life insurance in the amount of ten thousand dollars ($10,000) as a package for all eligible children/grandchildren (as defined in Section 2A2 and 2A3 of this Article). For a new employee, child/grandchild coverage requires evidence of insurability if application is made after the initial effective date of coverage as defined in this Article, Section 5C. An employee who becomes eligible for insurance may purchase child/grandchild coverage without evidence of insurability if application is made within thirty (30) days of the initial effective date as defined in this Article. Child/grandchild coverage commences fourteen (14) calendar days after birth.
Family Members Family Members shall mean, as applied to any individual, any parent, spouse, child, spouse of a child, brother or sister of the individual, and each trust created for the benefit of one or more of such Persons and each custodian of a property of one or more such Persons.
Custodians and nominees The Security Agent may appoint and pay any person to act as a custodian or nominee on any terms in relation to any asset of the trust as the Security Agent may determine, including for the purpose of depositing with a custodian this Agreement or any document relating to the trust created under this Agreement and the Security Agent shall not be responsible for any loss, liability, expense, demand, cost, claim or proceedings incurred by reason of the misconduct, omission or default on the part of any person appointed by it under this Agreement or be bound to supervise the proceedings or acts of any person.
Donation something of value voluntarily transferred by or on behalf of a member to the MCO without compensation. a) Something of value means cash or some other existing identifiable items that has a fair market value of more than $100.00. b) Voluntarily transferred means any of the following: i. The member or another person on behalf of the member transferring the item of value has the intention to voluntarily give it without compensation; ii. The member or other person on behalf of the member transferring the gift is legally competent (in order to have intention); iii. The MCO receiving the gift is an eligible recipient (e.g., some entities have prohibitions against employees accepting gifts); iv. The item of value is an existing identifiable thing (e.g., a promise to give something in the future is not a gift); or v. The item of value is actually transferred.