Common use of Estate Clause in Contracts

Estate. The term "Estate" shall mean and include the ------ deceased Shareholder's executor, administrator or similar personal representative (if one has qualified and is then acting), and his or her surviving spouse, heirs, beneficiaries, devisees and legatees to the extent, if any, that their action is required in order to effect a full and complete transfer of the deceased Shareholder's Stock pursuant to the terms of this Agreement. The general agent of the persons and entities comprising the Shareholder's Estate shall be the Shareholder's duly appointed and qualified personal representative, executor or administrator, or his or her surviving spouse where no such representative is appointed, and all notices and communications hereunder shall be effected to and through such general agent.

Estate. The term "Estate" shall mean and include the deceased ------ deceased Shareholder's executor, administrator or similar personal representative (if one has qualified and is then acting), and his or her surviving spouse, heirs, beneficiaries, devisees and legatees to the extent, if any, that their action is required in order to effect a full and complete transfer of the deceased Shareholder's Stock pursuant to the terms of this Agreement. The general agent of the persons and entities comprising the Shareholder's Estate shall be the Shareholder's duly appointed and qualified personal representative, executor or administrator, or his or her surviving spouse where no such representative is appointed, and all notices and communications hereunder shall be effected to and through such general agent.