Employee entity definition
Employee entity means an investment fund or other entity controlled by a UTIMCO Employee.
Employee entity means a partnership, limited liability company, corporation or other entity all of the owners of which are the Employee and his or her spouse, life partner, descendants, including adopted children, ancestors, siblings and spouses and life partners of his or her descendants, ancestors and siblings.
Employee entity means an investment fund or other entity controlled by an employee of UTIMCO. For purposes of the foregoing, an employee shall be deemed to control an investment fund or other entity if his or her management role with or investment in such fund or entity enables the employee to direct the operating or financial decisions of such fund or entity. In the absence of any management role for the employee, where the terms of his or her investment did not give the employee the legal right to direct the operating or financial decisions of such fund or entity and where the employee does not attempt to direct such decisions, the fund or entity shall be presumed not to be an “employee entity.”
More Definitions of Employee entity
Employee entity has the meaning set forth on Exhibit D.