Common use of COMMUNITY PROPERTY MATTERS Clause in Contracts

COMMUNITY PROPERTY MATTERS. If the Optionee, on or after the Grant Date, resides in a state or other jurisdiction the laws of which determine the interests of spouses in property on a "community property" or similar basis, the grant of the Option and the Optionee's rights hereunder shall not be effective unless and until the Optionee's spouse executes and delivers a counterpart to the signature page hereto to the Company. The Optionee's spouse shall be bound by the terms and conditions of this Agreement, including, without limitation, those set forth in Sections 5 through 17.

COMMUNITY PROPERTY MATTERS. If the Optionee, on or after the Grant Date, resides in a state or other jurisdiction the laws of which determine the interests of spouses in property on a "community property" or similar basis, the grant of the Option and the Optionee's rights hereunder shall not be effective unless and until the Optionee's spouse executes and delivers a counterpart to the signature page hereto to the Company. The Optionee's spouse shall be bound by the terms and conditions of this Agreement, including, without limitation, those set forth in Sections 5 through 17.be