Divorced Spouse definition

Divorced Spouse has the meaning ascribed to such term in Section 2(b).

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Divorced Spouse has the meaning set forth in Section 9.1(d);

Divorced Spouse has the meaning given such term in Section 5.04.

Examples of Divorced Spouse in a sentence

The option shall be exercised by the giving of written notice of exercise to the Divorced Spouse.
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.
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.
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.
The cost of such consultant or appraiser shall be borne 50% by the participating Members and 50% by the Divorced Spouse.
For a period of thirty (30) days after the Divorce Notice is received, the Divorced Member shall have the right and option to purchase, and the Divorced Spouse shall have the obligation to sell all but not less than all of the Divorce Units.
No Divorced Spouse shall be permitted to serve as or have the right to be appointed as a Director, and any Divorced Spouse serving as a Director shall, upon the finalization of the divorce, automatically be removed from the Board without any further action and the vacancy shall be filled by the Members in accordance with Section 9.02(b), Section 11.03(a) or Section 11.04, as applicable.
Such option must be exercised, and the purchase consummated, within 30 days after the Common Stock and the Preferred Stock are transferred to or otherwise vested in or allowed to be retained by the Divorced Spouse.
The Divorced Holder shall, within five (5) 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.
The Divorced Non-YBR Holder shall, within five days after the expiration of such 30 day period, deliver written notice to the Company as to whether the Divorced Non-YBR Holder has purchased all of the Common Stock and the Preferred Stock, so transferred to or otherwise vested in or retained by the Divorced Spouse.

More Definitions of Divorced Spouse

Divorced Spouse has the meaning specified in Section 13(a).

Divorced Spouse shall have the meaning set forth in Section 4.3(c).

Divorced Spouse under this Section 5 shall mean the divorced spouse of a Platinum dues- paying member who continued Platinum membership from the date of divorce from the Platinum member without interruption. In that event, a continuous period of thirty (30) years shall be calculated by adding the divorced Platinum member’s years of membership while married to the Divorced Spouse to the Divorced Spouse’s years of membership.

Divorced Spouse has the meaning given that term in Section 3.10(e)(i).