Common use of Spouses Clause in Contracts

Spouses. If the spouse of Grantee fails to execute the spousal consent set forth on the signature page attached hereto (the “Consent”), until such time as the Consent is duly executed, Grantee’s economic rights associated with his or her Shares will be suspended and not subject to recovery. If a spouse or former spouse of Grantee acquires any of the unvested Restricted Stock issued pursuant hereto as a result of any property settlement or separation agreement, such spouse or former spouse hereby grants an irrevocable power of attorney (which will be coupled with an interest) to Grantee to give or withhold such approval as he or she will himself or herself approve with respect to such matter and without the necessity of the taking of any action by any such spouse or former spouse. Such power of attorney will not be affected by the subsequent disability or incapacity of the spouse or former spouse granting such power of attorney.

Appears in 1 contract

Samples: Restricted Stock Agreement (Laredo Petroleum Holdings, Inc.)

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Spouses. If the spouse of Grantee the Optionee fails to execute the spousal consent set forth on the signature page attached hereto (the “Consent”), until such time as the Consent is duly executed, Granteethe Optionee’s economic rights associated with his or her Shares option will be suspended and not subject to recovery. If a spouse or former spouse of Grantee the Optionee acquires any of rights to the unvested Restricted Stock issued option granted hereby pursuant hereto as a result of any property settlement or separation agreement, such spouse or former spouse hereby grants an irrevocable power of attorney (which will be coupled with an interest) to Grantee the Optionee to give or withhold such approval as he or she will himself or herself approve with respect to such matter and without the necessity of the taking of any action by any such spouse or former spouse. Such power of attorney will not be affected by the subsequent disability or incapacity of the spouse or former spouse granting such power of attorney.

Appears in 1 contract

Samples: Stock Option Agreement (Laredo Petroleum Holdings, Inc.)

Spouses. If the spouse of Grantee the Participant fails to execute the spousal consent set forth on the signature page attached hereto (the “Consent”), until such time as the Consent is duly executed, Granteethe Participant’s economic rights associated with his or her Shares Award will be suspended and not subject to recovery. If a spouse or former spouse of Grantee the Participant acquires rights to any of the unvested Restricted Stock potential Award that may be issued pursuant hereto as a result of any property settlement or separation agreement, such spouse or former spouse hereby grants an irrevocable power of attorney (which will be coupled with an interest) to Grantee the Participant to give or withhold such approval as he or she will himself or herself approve with respect to such matter and without the necessity of the taking of any action by any such spouse or former spouse. Such power of attorney will not be affected by the subsequent disability or incapacity of the spouse or former spouse granting such power of attorney.

Appears in 1 contract

Samples: Performance Compensation Award Agreement (Laredo Petroleum Holdings, Inc.)

Spouses. If the spouse of Grantee the Participant fails to execute the spousal consent set forth on the signature page attached hereto (the “Consent”), until such time as the Consent is duly executed, Grantee’s the Participant's economic rights associated with his or her Shares Award will be suspended and not subject to recovery. If a spouse or former spouse of Grantee the Participant acquires rights to any of the unvested Restricted Stock potential Award that may be issued pursuant hereto as a result of any property settlement or separation agreement, such spouse or former spouse hereby grants an irrevocable power of attorney (which will be coupled with an interest) to Grantee the Participant to give or withhold such approval as he or she will himself or herself approve with respect to such matter and without the necessity of the taking of any action by any such spouse or former spouse. Such power of attorney will not be affected by the subsequent disability or incapacity of the spouse or former spouse granting such power of attorney.

Appears in 1 contract

Samples: Performance Compensation Award Agreement (Laredo Petroleum Holdings, Inc.)

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Spouses. If the spouse of Grantee fails to execute the spousal consent set forth on the signature page attached hereto (the "Consent"), until such time as the Consent is duly executed, Grantee’s 's economic rights associated with his or her Shares will be suspended and not subject to recovery. If a spouse or former spouse of Grantee acquires any of the unvested Restricted Stock issued pursuant hereto as a result of any property settlement or separation agreement, such spouse or former spouse hereby grants an irrevocable power of attorney (which will be coupled with an interest) to Grantee to give or withhold such approval as he or she will himself or herself approve with respect to such matter and without the necessity of the taking of any action by any such spouse or former spouse. Such power of attorney will not be affected by the subsequent disability or incapacity of the spouse or former spouse granting such power of attorney.

Appears in 1 contract

Samples: Restricted Stock Agreement (Laredo Petroleum Holdings, Inc.)

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