Advisory Trustee definition
Examples of Advisory Trustee in a sentence
At-Large” and Advisory Trustee positions shall remain as permanent Trustee positions unless removed by the subsequent amendment of this Agreement.
Any Advisory Trustee shall serve at the pleasure of the Trustees and may be removed, at any time, with or without cause, by the Trustees.
An Advisory Trustee shall have no power or authority to act on behalf of or to bind the Trustees or any committee.
In that regard, as of the Retirement Date, (i) Executive’s position as Vice Chairman of the Company, (ii) Executive’s position as Advisory Trustee of the Board of Trustees of the Company (the “Board”), and (iii) all other officer positions, directorships, trusteeships and other positions that Executive holds with the Company Group shall terminate.
An individual shall be eligible to serve as an Advisory Trustee only if that individual meets the requirements to be a “non-interested” Trustee under the 1940 Act and does not otherwise serve the Trust in any other capacity.