RIGHTS UPON DEATH OF A SPOUSE Sample Clauses

RIGHTS UPON DEATH OF A SPOUSE. Each spouse waives, discharges, and releases all claims and rights that he or she might otherwise acquire in the estate of the other spouse upon the death of the other spouse (including, but not limited to, the right to serve as personal representative of the deceased spouse) except as follows: • The surviving spouse shall be entitled to the surviving spouse’s one-half (1/2) of any property which is the community property of the spouses pursuant to this Agreement. • The surviving spouse shall be entitled to any property which is specifically transferred to the surviving spouse by beneficiary designation or under the terms of the will, trust agreement, or other valid form of testamentary or inter vivos disposition of the property of the deceased spouse. • The surviving spouse shall be entitled to any property which is expressly owned jointly or as community property with rights of survivorship by Husband and Wife. • The surviving spouse shall be entitled to all property for which the de- ceased spouse makes no testamentary provision and to which the surviving spouse is entitled under laws of intestate succession. • The surviving spouse shall be entitled to serve as personal representative of the estate of the deceased spouse if specifically nominated as such in the will, trust agreement, or other valid form of testamentary or inter vivos disposition of the property of the deceased spouse. 8 MISCELLANEOUS. •
Sample 1Sample 2Sample 3
AutoNDA by SimpleDocs

Related to RIGHTS UPON DEATH OF A SPOUSE

  • Release upon Death (1) If a Securityholder dies, the Securityholder’s escrow securities will be released from escrow. The Escrow Agent will deliver any share certificates or other evidence of the escrow securities in the possession of the Escrow Agent to the Securityholder’s legal representative.

  • Payment Upon Death When an employee dies, any and all accrued, unused vacation leave to his/her credit shall be paid to the surviving spouse. In the event that the employee has no surviving spouse, said unused vacation leave shall be paid to the employee's estate. Such payment shall be paid at the employee's hourly rate of pay at time of death in a lump sum (less applicable withholding), less any amounts owed by the employee to the City.

  • WAIVER OF RIGHTS ON DEATH OF OTHER SPOUSE Except for any Child Support statements made in Attachment A, each Spouse hereby waives the right to receive any property or rights whatsoever on the death of the other, unless such right is created or affirmed by the other under a will or other written document executed after the effective date of this Agreement. Each Spouse believes that he or she has received a fair and reasonable disclosure of the property and financial obligations of the other Spouse. Except for rights listed in this Agreement, the rights waived include, but are not limited to, rights to any of the following:

  • Vacation Credits Upon Death Earned but unused vacation entitlement shall be made payable, upon termination due to death, to the employee's dependent, or where there is no dependent, to the employee's estate.

  • Termination upon Death This entire Agreement will terminate immediately without further action of the parties upon the death of a natural person who is a party to this Agreement, or a general partner of a partnership that is a party to this Agreement.

  • Benefits Upon Layoff ‌ Regular employees who have completed three months of service and are receiving an allowance pursuant to Clause 21.4, 21.5 and/or 21.6 shall continue to receive that allowance upon layoff, until the allowance has been exhausted, provided the notice of layoff is given after the commencement of the leave.

  • Life Insurance Upon Retirement 34.1 An employee who retires from the service of the Corporation subsequent to August 1, 2001, will, provided he is 55 years of age or over and has not less than 10 years' cumulative compensated service, be entitled to the sum of $8,000.00, payable to his estate upon his death.

  • Deemed Termination upon delay Without prejudice to the provisions of Clauses 4.2 and 4.3, and subject to the provisions of Clause 9.2, the Parties expressly agree that in the event the Appointed Date does not occur, for any reason whatsoever, within a period of [180 (one hundred and eighty)] days from the Execution Date or the extended period provided in accordance with this Agreement, then all rights, privileges, claims and entitlements of the Concessionaire under or arising out of this Agreement shall be deemed to have been waived by, and to have ceased with the concurrence of the Concessionaire and the Agreement may be terminated by the non-defaulting Party. Provided, however, that in the event the delay in occurrence of the Appointed Date is for reasons attributable to the Concessionaire, the Performance Security or the Bid Security, as the case may be, of the Concessionaire shall be encashed and appropriated by the Authority as Damages thereof.

  • Termination of Check-Off An employee shall cease to be subject to check-off deductions beginning with the month immediately following the month in which he is no longer a member of the bargaining unit.

  • EMPLOYMENT OF RETIRED TEACHERS A. For purposes of salary schedule placement, a retired Teacher will be granted a maximum of ten (10) years’ service credit and their educational attainment. A retired Teacher may not advance beyond Level 10 on the salary schedule.

Time is Money Join Law Insider Premium to draft better contracts faster.