Principal Trustees definition
Examples of Principal Trustees in a sentence
In the event that both a Principal Trustee and the Alternate Trustee are unable to serve for any reason whatsoever, then a majority of the remaining Principal Trustees of the same appointing authority shall designate a temporary successor Alternate Trustee from the remaining Alternate Trustees to act.
Any one of WGA, Alliance, or Network Companies, may at any time in its discretion, on written notice to all the Trustees and Alternate Trustees then in office, remove any Principal Trustee or Alternate Trustee appointed to it, and ▇▇▇ appoint a successor or successors for any one or more of the Principal Trustees or Alternate Trustees appointed by it for the purpose of filling a vacancy created by death, disability, resignation or removal of a Principal or Alternate Trustee.
For each Principal Trustee required to be appointed pursuant to Section 1 of this Article, the organization making the appointment shall appoint an Alternate Trustee to serve in the place and stead of such Principal Trustee in the event of the Principal Trustee's disability, death, resigna- tion or absence.
The operation and administration of the Health Fund shall be the joint responsibility of 18 Principal Trustees.
The term "Trustees" and the term "Principal Trustees" as used herein shall mean the Principal Trustees and their successors designated in the manner provided herein and any Alternate Trustee when acting as a Principal Trustee in accordance with the provisions hereof.
Form of Principal Trustee's Certificate of Authentication..................
The Principal Trustees and Alternate Trustees by signing this Trust Agreement, or by signing a written acceptance of trusteeship, or by partici- pating in a meeting of the Trustees, agree to accept the trustee- ship and act in such capacity strictly in accordance with the provisions herein contained.