Common use of Agreement Applicable to Community Interests Clause in Contracts

Agreement Applicable to Community Interests. Any right or interest of a spouse as an Owner in Shares, whether such right or interest is created by law (including community property laws) or otherwise, shall for all purposes hereof be included in, deemed a part of and bound by the same terms hereof as the Shares to which such right or interest relates or appertains, and any action taken, offer made or purchase right exercisable hereunder with reference to Shares owned by an Owner shall be applicable to any right or interest which the spouse of such Owner may have or be entitled to have therein.

Appears in 2 contracts

Samples: Incentive Stock Option Award Agreement (Eurobancshares Inc), Non Qualified Stock Option Award Agreement (Eurobancshares Inc)

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Agreement Applicable to Community Interests. Any right or interest of a spouse as of an Owner in Unvested Shares, whether such right or interest is created by law (including community property laws) or otherwise, shall for all purposes hereof be included in, deemed a part of and bound by the same terms hereof as the Unvested Shares to which such right or interest relates or appertains, and any action taken, offer made or purchase right exercisable hereunder with reference all provisions of this Agreement applicable to Unvested Shares owned by an Owner shall be applicable to any right or interest which the spouse of such Owner may have or be entitled to have therein.

Appears in 2 contracts

Samples: Restricted Stock Award Agreement (TXCO Resources Inc), Restricted Stock Award Agreement (Exploration Co of Delaware Inc)

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