Spouses. (i) The Employee’s spouse shall be required to execute a spousal consent in substantially the form required to be executed by spouses of members of the Company in the LLC Agreement (the “Spousal Agreement”) to evidence such spouse’s agreement and consent to be bound by the terms and conditions of this Agreement and the LLC Agreement as to such spouse’s interest, whether as community property or otherwise, if any, in the Series D Units held by the Employee. If the spouse of the Employee fails to execute the Spousal Agreement, until such time as the Spousal Agreement is duly executed, the Employee’s economic rights associated with his or her Series D Units will be suspended and not subject to recovery.
Appears in 8 contracts
Samples: Series D Unit Agreement (U.S. Well Services, LLC), Series D Unit Agreement (U.S. Well Services, LLC), Series D Unit Agreement (USW Financing Corp.)
Spouses. (i) The Employee’s spouse shall be required to execute a spousal consent in substantially the form required to be executed by spouses of members of the Company in the LLC Agreement (the “Spousal Agreement”) to evidence such spouse’s agreement and consent to be bound by the terms and conditions of this Agreement and the LLC Agreement as to such spouse’s interest, whether as community property or otherwise, if any, in the Series D B Units held by the Employee. If the spouse of the Employee fails to execute the Spousal Agreement, until such time as the Spousal Agreement is duly executed, the Employee’s economic rights associated with his or her Series D B Units will be suspended and not subject to recovery.
Appears in 5 contracts
Samples: Form of Series B Unit Agreement (Nexeo Solutions Holdings, LLC), Series B Unit Agreement (Nexeo Solutions Holdings, LLC), Series B Unit Agreement (Nexeo Solutions Holdings, LLC)
