Former Spouse definition
Examples of Former Spouse in a sentence
The Dissolution Notice shall be accompanied by a copy of the actual decree of dissolution, settlement agreement, or other agreement between the Separated Member and the Former Spouse, which provides for the award to the Former Spouse of the Former Spouse’s Units in settlement of any community property or other marital property rights such Former Spouse may have in such Units.
In the event there is an award of a Separated Member’s Vested Class B Common Units to a Former Spouse, such Vested Class B Common Units may, at the option of the Company or the Manager, be acquired for an amount equal to fifty percent (50%) of the Fair Market Value of such Vested Units.
The Employee’s payments to the Former Spouse shall be net of income taxes.
If the Executive’s employment with the Corporation is terminated at any time for Cause (as defined in Section 8), the Corporation shall have no obligation to make any payments to him or his Former Spouse under this Section 4(f) and all such future payments shall be forfeited.
The life insurance shall be an amount no greater than [$_____], with the Former Spouse as the policy owner.