Family Trust definition

Family Trust means, with respect to any natural Person, a trust, limited partnership or limited liability company benefiting solely such individual and/or the Family Members of such individual.

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Family Trust mean, with respect to ▇▇▇ ▇▇▇▇▇, trusts, family limited partnerships or other estate planning vehicles established for the benefit of ▇▇▇ ▇▇▇▇▇ or his Family Members and in respect of which ▇▇▇ ▇▇▇▇▇ or one or more of his Family Members serves as trustee or in a similar capacity.

Family Trust means a trust in which:

Examples of Family Trust in a sentence

Any Merger Consideration that is in a form other than Family Trust Underlying Shares will be distributed to Registered Owners of Asset Certificates as set forth under “General Process” above.
If a Registered Owner’s applicable pro rata share would entitle it to a fractional number of Family Trust Units and/or Family Trust Certificates and the Trust Administrator determines that it is not practical, advisable, or desirable to have a fractional Family Trust Unit and/or Family Trust Certificate, then the number of Family Trust Units and/or Family Trust Certificates distributed to that Registered Owner will be rounded down to the nearest whole number or other unit of measurement.
Fractional Family Trust Units and fractional Family Trust Certificates will be issued in digital form on the Chia blockchain.
The Trust will then convey all Family Trust Underlying Shares received to the Family Trust.
Where there already exists a related trust similar to the Trust managed by the Trust Administrator (“Family Trust”) for the underlying shares of the Acquiring Corporation (“Family Trust Underlying Shares”), the Trust Administrator may determine, in its sole discretion, to move Registered Owners and their corresponding Trust Certificates to the Family Trust and issue trust certificates in the Family Trust (“Family Trust Certificates”) as follows.

More Definitions of Family Trust

Family Trust means a trust:

Family Trust means a trust, of which at least one of the trustees is an Eligible Person and the beneficiaries of which are one or more of the Eligible Person and the spouse, minor children and minor grandchildren of the Eligible Person;

Family Trust. With respect to any individual, any trust or other estate planning vehicle established for the benefit of such individual or Family Members of such individual.

Family Trust means the Harold C. Simmons Family Trust No. 2, which was established for the benefit of Lisa K. Simmons, her late sister and their children.

Family Trust has the meaning set forth in the preamble hereto but shall also be read to include any trust for the benefit of any spouse, descendant, sibling or descendant of a sibling of ▇▇▇▇▇ ▇. ▇▇▇▇▇▇ that shall hereinafter become a party to this Agreement.

Family Trust means, with respect to an individual, a trust for the benefit of such individual or for the benefit of any member or members of such individual's Immediate Family or for the benefit of such individual and any member or members of such individual's Immediate Family (for the purpose of determining whether or not a trust is a Family Trust, the fact that one or more of the beneficiaries (but not the sole beneficiary) of the trust includes a Person or Persons, other than a member of such individual's Immediate Family, entitled to a distribution after the death of the settlor if he, she, it, or they shall have survived the settlor of such trust and/or includes an organization or organizations exempt from federal income taxes pursuant to the provisions of Section 501(a) of the Code and described in Section 501(c)(3) of the Code, shall be disregarded); provided, however, that in respect of transfers by way of testamentary or inter vivos trust, the trustee or trustees shall be solely such individual, a member or members of such individual's Immediate Family, a responsible financial institution and/or an attorney that is a member of the bar of any state in the United States.

Family Trust means the Harold C. Simmons Family Trust No. 2, of which Lisa K. Simmons and Serena Simmons Connelly are co-trustees.