preferred beneficiary definition
preferred beneficiary under a trust means an individual resident in Canada who is a beneficiary under the trust and is the settlor of the trust, the spouse or former spouse of the settlor of the trust, or a child, grandchild or great grandchild of the settlor of the trust, or the spouse of any such person ;”.
preferred beneficiary means, where the member has no spouse, either of a man or a woman of the opposite or, with effect from April 23, 1998, the same sex to the member who, on the date the member retires, is not married to the member, but has lived with the member in a conjugal relationship for a period of at least 1 year immediately preceding the relevant date or time and who has been designated by the member as such.
preferred beneficiary. In addition to the description above and for purposes of identifying the parties to License Agreements and the applicable escrow arrangement, the "Preferred Beneficiary" will be the Nortel Networks entity (i.e., Nortel Networks Limited or an Affiliate or Subsidiary) identified in the applicable Depositor Acceptance Form, described in Section 2.1 below.
More Definitions of preferred beneficiary
preferred beneficiary means initially, the Preferred Shareholder and each transferee of a transfer of a Preferred Beneficiary’s Beneficial Interest permitted by this Agreement.