Common use of Divorce or Dissolution Clause in Contracts

Divorce or Dissolution. During the pendency of divorce or entity dissolution affecting any Member, the parties thereto must adopt one of the following methods of operation: • One of the parties may, with written consent of the other(s), operate the Velovita business whereby the relinquishing spouse, shareholders, members, partners or trustee authorize Velovita to deal directly and solely with the other spouse or non-relinquishing shareholder, partner, or trustee. • The parties may continue to operate the Velovita business jointly on a business- as-usual basis, whereby all compensation paid by Xxxxxxxx will be paid in the joint names of the Member or on the names of the entity to be divided as the parties may independently agree between themselves. • Under no circumstance will Velovita split commissions and bonus checks be- tween divorcing spouses or members of dissolving entities. Velovita will recog- nize only one (1) individual or organization and will issue only one (1) commis- sion check per Velovita business per commission cycle. Commission checks shall always be issued to the same individual or entity. In the event that parties of a divorce or dissolution proceedings are unable to resolve a dispute over the dis- position of commissions and ownership of the business, the Agreement shall be involuntarily cancelled. If a former spouse or former entity affiliate has completely relinquished all rights to his/ her original Velovita business he/she is therefore free to enroll under any enroller of his/ her choosing, so long as he/she meets the waiting period set forth by Xxxxxxxx. In such a case, however, the former spouse or party shall have no rights to any Member in his/her organization or any former Member.

Divorce or Dissolution. During the pendency of divorce or entity dissolution affecting any Member, the parties thereto must adopt one of the following methods of operation: • One of the parties may, with written consent of the other(s), operate the Velovita business whereby the relinquishing spouse, shareholders, members, partners or partnersor trustee authorize Velovita to deal directly and solely with the other spouse or non-relinquishing shareholder, partner, or trustee. • The parties may continue to operate the Velovita business jointly on a business- business-as-usual basis, whereby all compensation paid by Xxxxxxxx will be paid in the joint names name of the parties or in the name of the Member or on the names of the entity entity, to be divided as the parties may independently agree between themselves. • Under no circumstance will Velovita split commissions and bonus checks be- tween between divorcing spouses or members of dissolving entities. Velovita will recog- nize recognize only one (1) individual or organization and will issue only one (1) commis- sion commission check per Velovita business per business,mper commission cycle. Commission checks shall always be issued to the same individual or entity. In the event that If parties of a to divorce or dissolution proceedings are unable to resolve a dispute over the dis- position disposition of commissions and ownership of the business, the Registration Agreement shall be involuntarily cancelled. If a former spouse or former entity affiliate has completely relinquished all rights to his/ his/her original Velovita business he/she is therefore free to enroll under any enroller of his/ his/her choosing, so long as he/she meets the waiting period set forth by Xxxxxxxx. In such a case, however, the former spouse or party shall have no rights to any Member in his/her organization or any former Member.

Divorce or Dissolution. During the pendency of divorce or entity dissolution affecting any Memberdissolution, the both parties thereto must adopt one of the following methods of operation: • : a) One of the parties may, with written consent of the other(s), operate the Velovita Va’a business whereby the relinquishing spouse, shareholders, members, partners or trustee authorize Velovita Va’a to deal directly and solely with the other spouse or non-relinquishing shareholder, partner, or trustee. • . b) The parties may continue to operate the Velovita Va’a business jointly on a business- business-as-usual basis, whereby all compensation rewards paid by Xxxxxxxx Va’a will be paid in the joint names of the Member Ambassador or on the names of the entity to be divided as the parties may independently agree between themselves. • . c) Under no circumstance will Velovita Va’a split commissions rewards and bonus checks be- tween pay between divorcing spouses or members of dissolving entities. Velovita Va’a will recog- nize recognize only one (1) individual or downline organization and will issue only one (1) commis- sion rewards check per Velovita Va’a business per commission cycleperiod. Commission Reward checks shall always be issued to the same individual or entity. In the event that parties of a divorce or dissolution proceedings are unable to resolve a dispute over the dis- position disposition of commissions rewards and ownership of the business, the Agreement shall be involuntarily cancelled. If a former spouse or former entity affiliate has completely relinquished all rights to his/ his/her original Velovita Va’a business he/she is therefore free to enroll under any enroller Ambassador of his/ his/her choosing, so long as he/she meets the six (6) month waiting period set forth by XxxxxxxxXx’x. In such a case, however, the former spouse or party shall have no rights to any Member Ambassador in his/her organization or any former MemberVoyager.