Interested Trustee definition

Interested Trustee means any trustee of a Plan who is also (a) an officer, director, trustee, partner or employee of, or who owns, controls, or holds power to vote 5% or more of the outstanding voting securities of, (i) any Insured (other than such Plan), or (ii) any Affiliated Entity, or (iii) any Fund to which such Insured or any Affiliated Entity provides any services, or (b) an Insured or an Affiliated Entity.

Interested Trustee means any of the following:

Interested Trustee means a Trustee of a Fund who is an "interested person" of the Fund within the meaning of the Investment Company Act.

Examples of Interested Trustee in a sentence

• A Trustee described in (i) is an Interested Trustee only with respect to the transferred property (including income and gain on, and reinvestment of, such property).

• Although this Article speaks in terms of a single Lifetime Trust, the Lifetime Trust may instead be held as two trusts under the circumstances outlined in this paragraph if the Trustee (excluding, however, any Interested Trustee) in the Trustee's absolute discretion determines to do so.

• Before the date on which any "S Corporation Shares" (defined below) otherwise would pass to or be treated as held by an "Ineligible Trust" (defined below), the Trustee (excluding, however, any Interested Trustee) may elect to hold these S Corporation Shares in one or more separate trusts or trust shares on the terms set forth in this Article.

• The Trustees (excluding, however, any Interested Trustee) shall administer each trust under this section as an Electing Small Business Trust under Code Sec.

• The Trustees (excluding, however, any Interested Trustee) shall apportion to the trusts under this section a reasonable share of the unallocated expenses of all trusts under this Agreement, in a manner consistent with the applicable Internal Revenue Code and Treasury Regulations.

More Definitions of Interested Trustee

Interested Trustee means any or all of the following:

Interested Trustee means a trustee of the Trusts who is also an Interested Person.

Interested Trustee means (i) an individual trustee to whom the net income or principal of the trust can currently be distributed or would be distributed if the trust were then to terminate and be distributed, (ii) any trustee who may be removed and replaced by an interested distributee, or (iii) an individual trustee whose legal obligation to support a beneficiary may be satisfied by distributions of income and principal of the trust.

Interested Trustee means a trustee of a Fund who is an interested person of the Fund within the meaning of Section 2(a) (19) of the 1940 Act.

Interested Trustee means a Trustee who is an “interested person” as defined in Section 2(a)(19) of the Investment Company Act.

Interested Trustee means a trustee of Lincoln Variable Insurance Products Trust or a manager of Lincoln National Variable Annuity Fund A who is an interested person within the meaning of Section 2(a)(19) of the Act. An "Independent Trustee" is a trustee of Lincoln Variable Insurance Products Trust Fund or a manager of Lincoln National Variable Annuity Fund A who is not an Interested Trustee.

Interested Trustee means an individual trustee who is a qualified beneficiary or any trustee who may be removed and replaced by an interested distributee, or an individual trustee whose legal obligation to support a beneficiary may be satisfied by distributions of income and principal of the trust;