Associate Definition Example with 21 Variations

This page contains an example definition of Associate, followed by definitions with minor variations. You can view the differences between the example and variations by selecting the "Show Differences" option.
Associate. Of a Person means (i) a corporation or organization (other than the MHC, the Holding Company, the Bank or a majority-owned subsidiary of the MHC, the Holding Company or the Bank), if the Person is a senior officer or partner or beneficially owns, directly or indirectly, 10% or more of any class of equity securities of the corporation or organization, (ii) a trust or other estate, if the Person has a substantial beneficial interest in the trust or estate or is a trustee or fiduciary of the trust... or estate, provided, however, that such term shall not include any Tax-Qualified Employee Stock Benefit Plan of the Holding Company or the Bank in which such Person has a substantial beneficial interest or of which such Person serves as a trustee or in a similar fiduciary capacity, and (iii) any person who is related by blood or marriage to such Person and who lives in the same home as the Person or who is a director or senior officer of the MHC, the Holding Company or the Bank or any of their subsidiaries. View More Arrow
Found in LIBERTY BANCORP INC contract

Variations

Associate. Of when used to indicate a Person relationship with any Person, means (i) a corporation or organization (other than the MHC, the Mutual Holding Company, the Bank Mid-Tier Holding Company, the Bank, or a majority-owned subsidiary of the MHC, Bank or the Holding Company or the Bank), Company), if the Person is a senior officer or partner partner, or beneficially owns, directly or indirectly, 10% or more of any class of equity securities of the corporation or organization, (ii) a any trust or... other estate, if the Person has a substantial beneficial interest in the trust or estate or is a trustee or fiduciary of the trust or estate, provided, however, that such term shall not include any Tax-Qualified Employee Stock Benefit Plan of the Holding Company or the Bank in which such Person has a substantial beneficial interest or of which such Person serves as a trustee or in a similar fiduciary capacity, fiduciary, and (iii) any person Person who is related by blood or marriage to such Person and (A) who lives in the same home as the Person Person; or (B) who is a director or senior officer of the MHC, the Holding Company or the Bank or any of their subsidiaries. the subsidiaries of the foregoing. View More Arrow
Found in ROME BANCORP INC contract
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