Lineal Descendant definition
Examples of Lineal Descendant in a sentence
The execution of a Shareholder Consent by a Shareholder Spouse signifies that: the Shareholder Spouse has consented to become a party to this Agreement, and acknowledges that any interest the Shareholder Spouse at any time owns in any Shares of the Company, whether in the Shareholder Spouse’s own name, jointly with a Lineal Descendant under community property laws or otherwise, shall be subject to the terms of this Agreement, specifically including the provisions of Section 2, Section 6 and Section 8.
Exhibit A reflects the number of Shares held by each Family Agreement Shareholder, and identifies each Family Agreement Shareholder as a: Lineal Descendant; Shareholder Spouse; Stepchild; Permitted Trust; or Permitted Entity, consistent with the definitions contained in this Agreement.
The provisions of this Section apply to the separate or community interests of the deceased Family Agreement Shareholder who is a Lineal Descendant and to the community interests held by the other member of his or her marital community.