Trust director definition

Trust director means a person that is granted a power of direction by the terms of a trust to the extent the power is exercisable while the person is not serving as a trustee. The person is a trust director whether or not the terms of the trust refer to the person as a trust director and whether or not the person is a beneficiary or settlor of the trust.

Trust director means a person that is granted a power of

Trust director means that term as defined in section 7703a.

Examples of Trust director in a sentence

• Paul Getty Trust; Director, Electro Rent Corporation; Trustee, Southern California Edison Nuclear Decommissioning Trust; Director, The Ford Family Foundation.

• Any individual selected by the Principal Stockholder Parties or by the Board of Directors as an Independent Director pursuant to this Section 2.3 shall not be deemed a "Nominee", a "Trust Director" or a "Bain Director" for purposes of this Stockholders Agreement.

• After the occurrence of a Control Event or in connection with a Sale of the Company that has been authorized by a Special Board Vote at such time as at least one Acquisition Company Director and one Voting Trust Director are serving on the Board and each has voted in favor of such Sale of the Company, each holder of Stockholder Shares, Preferred Stock and Warrants will vote for, consent to and raise no objections to any Sale of the Company.

• No Trust Director may be removed without the consent of the Trust, provided, however, that the Trust agree to immediately remove a Trust Director for cause as determined in good faith by unanimous decision of all directors, other than the Trust Director.

• Permitted outside employment and directorships a) Xxxxxxxx Family Trust, Director, 4 business days per year.

More Definitions of Trust director

Trust director means an organization permitted to exercise trust powers in this state as described in section 1105(2) of the banking code of 1999, 1999 PA 276, MCL 487.11105, or an individual, if that person is granted a power of direction whether or not either of the following applies:

Trust director means a person that is granted a power of direction by the terms of a

Trust director means a person that is granted a power of direction by the terms of a trust to the extent the power is exercisable while the person is not serving as a trustee, regardless of whether:

Trust director means either an investment trust director or a distribution trust director.

Trust director means a person that is granted a power of direction by the terms of a trust to the

Trust director means an organization permitted to exercise trust powers in this state as described in

Trust director means a person that is granted a power of direction by a trust to the 935 extent the power is exercisable while the person is not serving as a trustee, regardless of 936 how the trust instrument refers to such person and regardless of whether the person is a 937 beneficiary or settlor of the trust.