Distributor Divorce or Business Association Dissolutions Sample Clauses

Distributor Divorce or Business Association Dissolutions. If married Distributors or Distributorships held by corporations, partnerships, trusts, limited liability companies, limited liability partnerships, other organizations and unincorporated associations or other entities or the like (hereinafter “Business Associations”) elect to dissolve the marriage or Business Association, the parties will continue to treat the Distributorship pursuant to the Distributor Agreement until such time as Unicity receives satisfac- tory written notice from all parties or a certified court order directing otherwise. The written notice will be subject to Unicity approval. Divorced Distributors or dissolved Business Associations shall submit to Unicity a certified copy of any legal judgment, decree or agreement specifying how future Awards should be issued. Any transfer of ownership interest in a Distributorship is subject to the transfer rules in Section M. Any Distributorship that transfers of fifty-percent (50%) or more of its ownership without the consent of Unicity may be terminated at the discretion of Unicity.
Sample 1
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Distributor Divorce or Business Association Dissolutions. If an action is commenced to dissolve the marriage of married Distributors or dissolve a Distributorship held by a corporation, partnership, trust, limited liability company, limited liability partnership, or other organizations and unincorporated association or other entity or the like (hereinafter “Business Association”) the Independent Distributorship Agreement shall remain effective until such time as Unicity receives satisfactory written notice, subject to Unicity’s approval, from all parties or a certified court order directing otherwise. Any breach of any agreement during such dissolution shall be governed by the terms of this Contract. Divorced Distributors or a dissolved Business Association shall submit to Unicity a certified copy of any legal judgment, decree or agreement specifying how future commissions should be issued. Any transfer of any interest to an individual or entity that owns or holds, directly or indirectly, a legal or beneficial interest in any other Unicity Distributorship shall be void and either or both of the Distributorship may be terminated at the discretion of Unicity.
Sample 1

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