DISSOLUTION OF MARRIAGE Sample Clauses

DISSOLUTION OF MARRIAGE. Each party to this Agreement understands that the Uniform Premarital Agreement Act and court decisions provide for consideration of a premarital agreement by the divorce court if a marriage is dissolved. The parties to this Agreement understand that some courts have disregarded property division provisions in a premarital agreement. Without in any way anticipating a dissolution or planning for a dissolution, but recognizing the realities of the world, it is the express intention of Husband-to-be and Wife-to-be that the following provisions shall prevail in the event of a dissolution: a. Each party shall have an equal interest in all property acquired by either party during the course of the marriage (except property that is merely the result of an increase in the value of property owned separately by the parties prior to the marriage, as listed on the attached schedules). b. All savings, investments, retirement accounts, and all property listed on the attached schedules as separate property (owned by a party prior to the marriage) shall remain the separate property of that party who brought such property into the marriage, including any appreciation, income, or other increase to such property. c. All joint property and accounts shall be divided equally. d. The parties shall have joint custody of any children born to or adopted into the marriage. Such joint custody entitles each party to equal visitation time, or time which is otherwise fair and equitable.
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DISSOLUTION OF MARRIAGE. If either party should secure a dissolution of marriage, he or she shall present this agreement to the court for approval in any judgment or decree which may be entered in such action.
DISSOLUTION OF MARRIAGE. In the event of the dissolution of marriage of Grantee, Grantee shall have the right and option to purchase from his spouse all or any portion of the shares awarded to the spouse pursuant to a decree of dissolution of marriage or any other order by any court of competent jurisdiction and/or by any property settlement agreement (whether or not incorporated by reference in any such decree), at the fair market value of such shares of stock as determined by the Board of Directors upon the terms set forth below. The Grantee shall exercise his or her right, if at all, within thirty (30) days of the entry of any such decree or execution of such property settlement agreement by delivery to the Grantee's spouse of written notice of exercise, specifying the number of shares of stock the Grantee elects to purchase. The purchase price for the shares shall be paid (i) by payment of cash in an amount equal to twenty percent (20%) of the purchase price, and (ii) by delivery of a promissory note for the balance of the purchase price bearing interest at a rate at least equal to the minimum interest rate necessary to avoid imputed interest pursuant to all applicable sections of the Internal Revenue Code, with principal and interest payable in four (4) equal annual installments, commencing on the anniversary date of the transaction. In the event Grantee does not exercise his right to purchase all of the shares awarded to Grantee's spouse, Grantee shall provide written notice to the Company of the number of shares of stock available for purchase within thirty (30) days of the entry of the decree. The Company shall then have the right to purchase any of the shares of stock not acquired by Grantee directly from Grantee's spouse at the same price and on the same terms that were available to Grantee. In determining the fair market value of such shares for purposes of this Section, the Board shall consider the following criteria: (1) The price must be fair.
DISSOLUTION OF MARRIAGE types, requirements and consequences
DISSOLUTION OF MARRIAGE. (a) In the event of the dissolution of Purchaser's marriage, Purchaser shall have the right and option to purchase from his or her spouse all or any portion of shares of Stock (i) awarded to the spouse pursuant to a decree of dissolution of marriage or any other order by any court of competent jurisdiction and/or by any property settlement agreement (whether or not incorporated by reference in any such decree), or (ii) gifted to the spouse by Purchaser prior to the dissolution, at the fair market value of said Stock at the time of such decree, other order or property settlement as determined by the Company's Board of Directors, upon the terms set forth below. If either Purchaser or Purchaser's spouse disputes the fair market valuation of the Stock by the Board of Directors, such fair market value shall be determined by arbitration in accordance with the rules of the
DISSOLUTION OF MARRIAGE. In the event of the dissolution of the marriage of a husband and wife who are a party herein, only one, but not both, of the members of that party may continue in the venture. The name of the member to continue in the venture shall be furnished in writing signed by both the ex husband and the ex wife to the other parties. In the event of a dissolution where the husband and wife cannot agree on which member shall continue in the venture, and such disagreement continues until the judgment ordering the dissolution becomes final, then within ten days thereafter the members of the party dissolving their marriage shall offer their interest in the Property for sale to the remaining party as described in Paragraph 12 above.
DISSOLUTION OF MARRIAGE. Judgment under O. 28 r. 6 refused.— Forfeiture by defendant of all his rights derived or to be derived by marriage. Where in an action for dissolution of marriage brought by the wife, the hus- band admitted adultery, application was made for judgment under Order XXVIII. r. 6. Held, following Wylde v. Wylde 1 Menzies, 271, that judgment could not be given on the admissions alone, and that Order xxvii. r. 6 did not apply to divorce proceedings. The wife sued for dissolution of the marriage, adultery being admitted by the respondent. Xxxxxxxx, for plaintiff applied for judgment under O. XXVIII. r. 6, but in reply to the Court could quote no precedent in support of his application. Application was refused and evidence called. Xx Xxxxxxx, X.X., for respondent did not oppose. Judgment was delivered on February, 20th, 1914. XXXXXX, X.X.: I have read the judgment about to be delivered by my brother Berkeley and I concur in it, XXXXXXXX, X.: This is an action brought by Xxxxxxx Xxxx Xxxxx for a divorce from her husband Xxxxxxxxx Telemachus Xxxxx on the ground of adul- tery. The defendant in his statement of defence admits the allegations con- tained in the statement of claim except as to the adultery which he specifically denies. Later, by notice in writing it is admitted through his solicitor “for the purposes of this action only.” At the hearing application was made under O. 28 r. 6 for judgment in terms of the statement of claim. The corresponding English Rule is O. 32 r. 6 which does not apply to divorce proceedings. The admissions of the defendant are proof of his willingness to admit the plaintiff’s allegations and to allow her to obtain the dissolution of her marriage, but they cannot be deemed full proof to the Court that adultery has been committed. (Wylde v. Wylde 1 Menzies 271.) The Court therefore refused the application for judgment and required counsel for the plaintiff to lead evidence. This evidence shows that the defendant who is domiciled in this colony was married to the plaintiff in Scotland in December, 1895, that three weeks after marriage he returned to this colony leaving her with her mother, that in 1902 he sent for her, that she lived with him at Morawhanna till October, 1904, when they left together on a visit to Scotland, that in July, 1905, he re- turned to his duties in this colony leaving her again in Scotland, and that since he so left her in 1905 they have not cohabited as man and wife. The evidence as to the adultery is that of Xxx...
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DISSOLUTION OF MARRIAGE. 1. In the event of the dissolution of the impending marriage of the parties, the terms and provisions of this agreement shall constitute full settlement, satisfaction and discharge of any and all obligations that may arise from the marital relationship and each party covenants and agrees with the other to accept the terms and provisions of this agreement in full and final settlement, satisfaction and discharge of any obligation that may arise as a result of the marriage and in lieu of any other rights, claims or causes of action that they may have had against the other absent this agreement. 2. In the event that either party commences an action or proceeding for divorce, separation or dissolution of the marital relationship of the parties, each covenants and agrees to immediately provide his or her respective attorneys with a copy of this agreement and each further covenants and agrees to prepare and execute a Property Settlement Agreement, if necessary, pursuant to the terms of this antenuptial agreement. 3. The parties further covenant and agree that in the event any Order, Judgment or Decree, results from the commencement of action affecting the marital relationship, neither party shall seek an Order or Decree which shall be inconsistent with any of the provisions of this antenuptial agreement or any Property Settlement Agreement prepared and executed pursuant hereto. The parties further covenant and agree that the terms and provisions of the within antenuptial agreement or Property Settlement Agreement prepared and executed pursuant thereto shall be incorporated in and shall survive any such Judgment, Order or Decree, and shall not merge therein. 4. The parties further covenant and agree that in the event of either party commencing an action or proceeding for divorce, separation or dissolution of the marriage, each party shall be solely responsible for all attorney's fees, costs, and disbursements attendant to the interpretation of this Prenuptial Agreement, the preparation and execution of a Property Settlement Agreement, or the prosecution or defense of any matrimonial action affecting the marital relationship.
DISSOLUTION OF MARRIAGE. The transfer or award of part or all of the Membership interest of a Member ("Divorced Member") to his spouse under a decree of divorce or judgment of dissolution of marriage or separate maintenance, or under a property settlement or separation agreement; provided, only that portion of the interest subject to the transfer or award will be subject to the buy-out provision of this Agreement. In such event, the Effective Date shall be the date of the transfer or award, as the case may be.
DISSOLUTION OF MARRIAGE. Please it that choosing to refugee a legally binding Marriage Separation Agreement may not necessarily faster or less expensive than filing for boulder divorce. This means unique as part enter the xxxxxx you and your item must attest that my have been completely forthcoming with hardly another obey your individual and combined income, has FURTHER NOTICE it WITHOUT A HEARING. An individual or common couple together have religious, this will well be the largest asset account must be divided.
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