Family Trusts definition

Family Trusts means, with respect to any individual, trusts or other estate planning vehicles established for the benefit of such individual or Family Members of such individual and in respect of which such individual serves as trustee or in a similar capacity.

Family Trusts 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 Trusts means as regards any particular individual member or deceased or former individual member, trusts (whether arising under a settlement, declaration of trust or other instrument by whomsoever or wheresoever made or under a testamentary disposition or on an intestacy) under which no immediate beneficial interest in any of the shares in question is for the time being vested in any person other than the individual and/or Privileged Relations of that individual; and so that for this purpose a person shall be considered to be beneficially interested in a share if such share or the income thereof is liable to be transferred or paid or applied or appointed to or for the benefit of such person or any voting or other rights attaching thereto are exercisable by or as directed by such person pursuant to the terms of the relevant trusts or in consequence of an exercise of a power or discretion conferred thereby on any person or persons;

Examples of Family Trusts in a sentence

• Xxx and the Xxx Family Trusts related to the finalization of AEI's tax returns (See Note 11).

• Permitted Transferee: in relation to a Shareholder, who is an individual, to any of his Privileged Relations, Family Trusts or to the trustees of those Family Trusts.

• HMSL, Yoshinoya and Xxxxxxxxx are indirectly controlled by GZ Trust Corporation (as trustee of the Family Trusts) and are therefore associates of GZ Trust Corporation and hence connected persons of Hop Hing under the Rules Governing the Listing of Securities on the Stock Exchange of Hong Kong Limited (“Listing Rules”).

• In making any payments of principal to or for the surviving Trustor, the Trustee shall take into consideration, to the extent the Trustee shall deem advisable, any income or other resources of the surviving Trustor, outside the Marital and Family Trusts, known to the Trustee and reasonably available for these purposes; provided, however, that the personal residence of the surviving Trustor shall not be considered by the Trustee to be available for these purposes.

• The terms of the Conservation Restriction between the Grantor (The Sorli Family Trusts) and the Grantee (CCF and ConsCom) must be approved prior to closing by the Division of Conservation Services (“DCS”) of the Executive Office of the Department of Energy and Environmental Affairs of the Commonwealth.

More Definitions of Family Trusts

Family Trusts means, in respect of any individual, any trusts for the exclusive benefit of such individual, his or her spouse and lineal descendants.

Family Trusts means, with respect to any individual, any trusts, limited partnerships or other entities established for the primary benefit of, the executor or administrator of the estate of, or other legal representative of, such individual.

Family Trusts means, with respect to any individual, any trust or other estate planning vehicle established for the benefit of such individual or Family Members of such individual.

Family Trusts means trust(s) under which no immediate beneficial interest in any of the shares in question is for the time being vested in any person other than a Shareholder who is an individual and/or Privileged Relations of that individual;

Family Trusts has the meaning set forth in the definition of “Immediate Family”.

Family Trusts means the Harold C. Simmons Family Trust No. 1 and the Harold C. Simmons Family Trust No. 2, of which Serena Simmons Connelly and Lisa K. Simmons are co-trustees.

Family Trusts with respect to any individual, any trusts, limited partnerships or other entities established for the primary benefit of, the executor or administrator of the estate of, or other legal representative of, such individual.