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.
Family Trust means, with respect to any individual, trusts or other estate planning vehicles established for the benefit of Family Members of such individual and in respect of which such individual serves as trustee or in a similar capacity.
Family Trust means a trust in which:
Examples of Family Trust in a sentence
Under an Option Agreement with Greffe Family Trust No. 1 (the “Current Owner”), the Beneficial Owner is the contract purchaser of real property which is the subject of this Agreement, consisting of one parcel containing approximately 91.42 acres, more or less, in total located at 00000 X.
GIL and HKMag, being property holding companies, are indirectly wholly-owned by the Xxxxxx Family Trust which indirectly holds 55% of the issued share capital of the Company.
More Definitions of Family Trust
Family Trust means, with respect to any individual, any trust created for the benefit of one or more of such individual's Related Persons and controlled by such individual.
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 mean, with respect to Xxx Xxxxx, trusts, family limited partnerships or other estate planning vehicles established for the benefit of Xxx Xxxxx or his Family Members and in respect of which Xxx Xxxxx or one or more of his Family Members serves as trustee or in a similar capacity.
Family Trust means, in respect of any individual, any trust for the exclusive benefit of such individual, his/her spouse and lineal descendants, so long as such individual has the exclusive right to control such trust.
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 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 Xxxxx X. XxXxxx that shall hereinafter become a party to this Agreement.