Independent Trustee definition

Independent Trustee means a Trustee who is not an interested person within the meaning of Section 2(a)(19) of the Investment Company Act.

Independent Trustee means a trustee of the Trust who is not an "interested person" of the Trust within the meaning of Section 2(a~19) of the Investment Company Act.

Independent Trustee means a Trustee of a Trust who is not an “interested person” of that Trust within the meaning of Section 2(a)(19) of the 1940 Act.

Examples of Independent Trustee in a sentence

• No Participant or any Independent Trustee shall have any claim to be granted any Award under the Plan.

• The Board of Trustees has adopted a statement of policy that describes the experience, qualifications, attributes, and skills that are necessary and desirable for potential Independent Trustee candidates (Statement of Policy).

• The maximum aggregate number of Class E Common Shares associated with any Award granted under the Plan in any calendar year to any one Independent Trustee shall be 10,000.

• At all times, except for a period of up to 60 days after the death, removal or resignation or other vacancy of an Independent Trustee (as hereinafter defined) pending the election of a successor Independent Trustee, a majority of the Board shall be Independent Trustees.

• Special meetings of the Board may be called by or at the request of the chairperson of the Board, the lead Independent Trustee (if any), the chief executive officer, the president or a majority of the Trustees then in office.

More Definitions of Independent Trustee

Independent Trustee means a trustee of a fund who is not an “interested person” of the fund within the meaning of Section 2(a)(19) of the Investment Company Act;

Independent Trustee means a trustee of the Trusts who is not an "interested person" of the Trusts within the meaning of Section 2(a)(19) of the Act.

Independent Trustee means a Trustee who is not an Interested Person.

Independent Trustee means a member of the Board of Trustees who is not an officer or employee of the Manager or any Affiliate thereof and who otherwise is “independent” in accordance with the rules of the NYSE or such other securities exchange on which the Common Shares may be listed.

Independent Trustee means a member of the Board who is not affiliated with FPA and who does not otherwise meet the definition of “interested person” of the Funds or the Trust under Section 2(a)(19) of the IC Act.

Independent Trustee means: (i) any trustee of GMO Trust who is not an “interested person” (as defined in Section 2(a)(19) of the 1940 Act) of GMO Trust; and (ii) any trustee of GMO Series Trust who is not an “interested person” (as defined in Section 2(a)(19) of the 1940 Act) of GMO Series Trust.

Independent Trustee means a Trustee who is not an "interested person" of the Fund, as defined in Section 2(a)(19) of the Investment Company Act of 1940 ("1940 Act").