Independent Trustees definition
Examples of Independent Trustees in a sentence
This Agreement shall become effective on __________, 202__ and shall continue in effect until__________, 202__, and thereafter, only if such continuance is approved at least annually by a vote of the Board, including the vote of a majority of the Independent Trustees, cast in person, at a meeting called for the purpose of voting such approval.
The modification of any of the non-material terms of this Agreement may be approved by the vote, cast in person (or, if then-permitted by law, rule, or regulatory guidance, virtually) at a meeting called for such purpose, of a majority of the Independent Trustees.
Dimensional shall assume liability and responsibility for, and shall administer, payments to the CCO, the Independent Trustees and counsel to the Independent Trustees in such amounts as the Independent Trustees shall determine and direct.
The initial term of this Agreement with respect to each Fund is for the period from the date of the Fund’s inception through _______ and shall continue in effect from year to year thereafter provided such continuance is approved by a majority of the Independent Trustees.