Spousal equivalent definition
Spousal equivalent means a cohabitant occupying a relationship generally equivalent to that of a spouse.
Spousal equivalent means a cohabitant occupying a relationship generally equivalent to that of a spouse. “Joint net worth” is the aggregate net worth of a person and spouse or spousal equivalent; assets do not need to be held jointly to be included in the calculation.)
Spousal equivalent means a cohabitant occupying a relationship generally equivalent to that of a spouse.)
Examples of Spousal equivalent in a sentence
Spousal equivalent is defined as a person living in a committed co-habitational relationship where both parties share responsibilities for finances and major decisions, with a duration of at least one year.
Spousal equivalent is defined as a person living in a committed co-habitational relationship where both parties share responsibilities for finances and other major decisions, with a duration of at least one year.
Spousal equivalent is defined as a person living in a committed co-habitational relationship where both parties share responsibilities for finances and major decisions, with duration of at least one year.
Spousal equivalent is defined as a person living in a committed co-habitional relationship where both parties share responsibilities for finances and other major decisions, with a duration of at least one- year.
More Definitions of Spousal equivalent
Spousal equivalent means a person who is in a family-type living arrangement with a parent and who would be a stepparent if married to that parent.
Spousal equivalent means a person who meets the following conditions: (i) irrespective of whether or not the relevant person and the Spousal Equivalent are the same sex, they are the sole spousal equivalent of the other for the last 12 months, (ii) they intend to remain so indefinitely, (iii) neither are married to anyone else, (iv) both are at least 18 years of age and mentally competent to consent to contract, (v) they are not related by blood to a degree of closeness that would prohibit legal marriage in the state in which they legally reside, (vi) they are jointly responsible for each other’s common welfare and financial obligations, and (vii) they have resided together in the same residence for the last 12 months and intend to do so indefinitely.
Spousal equivalent means an individual who: (A) is in an exclusive, continuous, committed relationship with the relevant Stockholder, has been in that relationship for the twelve (12) months prior to the relevant date and intends to be in that relationship indefinitely; (B) has no such relationship with any other person and is not married to any other person; (C) shares a principal residence with the relevant Stockholder; (D) is at least 18 years of age and legally and mentally competent to consent to contract; (E) is not related by blood to the relevant stockholder to a degree of kinship that would prevent marriage from being recognized under the law of the state in which the individual and the relevant Stockholder reside; and (F) is jointly responsible with the relevant Stockholder for each other’s common welfare and financial obligations; provided that any Stockholder who wishes to Transfer stock to a Spousal Equivalent under Section 10.2(b)(ii) above must provide proof of (i) a joint mortgage, (ii) a joint lease or (iii) a joint bank account, in each case held by both the Stockholder and their Spousal Equivalent.
Spousal equivalent means any two natural persons if the relevant person and the related party are registered as “domestic partners” or the equivalent thereof under the laws of their state of residence or any other law having similar effect or provided the following circumstances are true: (a) irrespective of whether or not the relevant person and the Spousal Equivalent are the same sex, they are the sole spousal equivalent of the other for the last twelve (12) months, (b) they intend to remain so indefinitely, (c) neither are married to anyone else, (d) both are at least eighteen (18) years of age and mentally competent to consent to contract, (e) they are not related by blood to a degree of closeness that which would prohibit legal marriage in the state in which they legally reside, (f) they are jointly responsible for each other’s common welfare and financial obligations, and (g) they reside together in the same residence for the last twelve (12) months and intend to do so indefinitely.
Spousal equivalent means the Holder’s spouse or a cohabitant occupying a relationship generally equivalent to that of a spouse.
Spousal equivalent means a cohabitant occupying a relationship generally equivalent to that of a spouse. ☐ (t) A natural person who had individual income exceeding $200,000 in each of the last two calendar years, or joint income with his or her spouse or spousal equivalent exceeding $300,000 in each of the last two calendar years, and who has a reasonable expectation of reaching the same income level in the current calendar year. ☐ (u) A director, executive officer or general partner of the Company, or a director, executive officer or general partner of a general partner of the Company. ☐ (v) A natural person who holds, in good standing, one of the following professional certifications or licenses: the General Securities Representative license (Series 7); the Private Securities Offerings Representative license (Series 82); or the Investment Adviser Representative license (Series 65).
Spousal equivalent means a cohabitant occupying a relationship generally equivalent to that of a spouse.)
___________Category 7. A trust, with total assets in excess of U.S.$5,000,000, not formed for the specific purpose of acquiring the securities being offered, whose purchase is directed by a sophisticated person as described in Rule 506(b)(2)(ii) under the U.S. Securities Act; or
___________Category 8. An entity in which all of the equity owners are “accredited investors” (as such term is defined in Rule 50l(a) of Regulation D under the U.S. Securities Act); or (Note: It is permissible to look through various forms of equity ownership to natural persons in determining the accredited investor status of entities under this category. If those natural persons are themselves accredited investors, and if all other equity owners of the entity seeking accredited investor status are accredited investors, then this category may be available.)
___________Category 9. An entity of a type not listed in Category 1, 2, 3, 7 or 8 above or in Category 11 below, owning investments in excess of U.S.$5,000,000 that is not formed for the specific purpose of acquiring the Securities; or
___________Category 10. A natural person that holds one of the following licenses in good standing: General Securities Representative license (Series 7), the Private Securities Offerings Representative license (Series 82), or the Investment Adviser Representative license (Series 65); or
___________Category 11. An investment adviser registered pursuant to section 203 of the United States Investment Advisers Act of 1940, as amended, or registered pursuant to the laws of a state, or an investment adviser relying on the exemption from registering with the U.S. Securities and Exchange Commission (“SEC”) under section 203(1) or (m) of the United States Investment Advisers Act of 1940, as amended; or
___________Category 12. A “family office,” as defined in Rule 202(a)(ll)(G)-1 under the United States Investment Advisers Act of 1940, as amended (17 CFR 275.202(a)(l l)(G)-1): (i) with assets under management in excess of U.S.$5,000,000, (ii) that is not formed for the specific purpose of acquiring the securities offered, and (iii) whose prospective investment is directed by a person who has such knowledge and experience in financial and business matters that such family office is capable of evaluating the merits and risks of the prospective investment; or
___________Category 13. A “family client,” as defined in Rule 202(...