Divorced definition
Examples of Divorced in a sentence
The option shall be exercised by the giving of written notice of exercise to the Divorced Spouse.
Divorced or separated parents must file a court-certified copy of the custody section of the divorce or separation decree with the principal’s office.
Divorced spouse—Full benefit at full retirement age.* Reduced benefit as early as age 62.
Such option must be exercised, and the purchase consummated, within sixty (60) days after the Common Stock is transferred to or otherwise vested in or allowed to be retained by the Divorced Spouse.
Divorced widow(er)—Same as widow(er) if marriage lasted at least 10 years.
If the marital relationship of a Holder is terminated by divorce, and pursuant to such divorce, or any property settlement in connection with such divorce, Common Stock, previously registered in the name of such Holder (the “Divorced Holder”) are transferred to, or a community property interest or similar marital property interest is retained by or vested in, the spouse of the Divorced Holder (the “Divorced Spouse”), the Divorced Holder shall promptly notify the Company of such event.
The Divorced Holder shall have the option to purchase all or any portion of the Divorced Holder’s shares of Common Stock, that have been transferred to or which are retained by or vested in the Divorced Spouse by virtue of the divorce decree, property settlement, or by operation of the community property or similar marital property laws for an amount equal to the Purchase Price, and the Divorced Spouse shall be obligated to sell such Common Stock, to the Divorced Holder for such Purchase Price.
If neither the Divorced Member nor the Company nor the remaining Member(s) elect to purchase the membership interest of the divorced spouse, then such membership interest may be retained by the divorced spouse, subject to the obligations of this Agreement as an assignee.
The Divorced Holder shall, within five (5) Business Days after the expiration of such sixty (60) day period, deliver written notice to the Company as to whether the Divorced Holder has purchased all or a portion of the Common Stock so transferred to or otherwise vested in or retained by the Divorced Spouse.
Marital Status Single Married* Divorced Domestic Partner Widowed * Spousal consent may be required.