Deceased Spouse definition

Deceased Spouse has the meaning set forth in Section 9.1(c);
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Deceased Spouse has the meaning assigned to it in Section 12(a).
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Deceased Spouse means the first of us to die. The term “Surviving Spouse” means the one of us who survives the other. If we die under circumstances where it cannot be established whether or not one of us survived the other, then it shall be conclusively presumed that each of us survived the other for purposes of administering our respective shares of the trust estate, and we direct that this Trust Agreement be so construed.
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Examples of Deceased Spouse in a sentence

  • The Affected Member or the legal representative of an Affected Member or Deceased Member or Deceased Spouse, as one party, and the Company, as another party, shall attempt to agree upon the fair market value of the Units.

  • Notwithstanding the foregoing if, as a result of the death of the Deceased Spouse, a petition for determination of the classification of Shares of the Surviving Spouse is filed in a court of competent jurisdiction before expiration of said eighteen (18) month period after the death of the spouse, then the Option Exercise Period in the event of such death shall be extended until six (6) months after a final determination of such classification.

  • Upon receipt of the Court's order, such personal representative shall provide Corporation and the Surviving Spouse with a true and accurate copy thereof, Such request shall be made by written notice and the personal representative of the Estate of the Deceased Spouse shall take the actions requested promptly upon receipt of such notice.

  • Except upon the occurrence of the death of a Deceased Member or Deceased Spouse, as hereinabove defined, the option set forth in this Section 9 may not be exercised unless the Company and/or the Purchasing Members purchase all of the Units of the Affected Member.

  • Notwithstanding anything to the contrary hereinabove, if the Deceased Spouse of a Member leaves such Deceased Spouse’s interest in such Member’s Units in a manner that would otherwise give rise to an option to purchase such interest by the Company and/or the remaining Members, then such Member shall have the first option to purchase any such interest of his or her Deceased Spouse for the price and on the terms specified in Sections 9.4 and 9.5.

  • On the death of the first spouse to die (the "Deceased Spouse"): * All separate property of the Surviving Spouse and his or her half of the community property go to the Survivor's Trust.

  • Notwithstanding anything to the contrary hereinabove, if the Deceased Spouse of a Member leaves such Deceased Spouse’s interest in such Member’s Units in a manner that would otherwise give rise to an option to purchase such interest by the Company and/or the remaining Members, then such Member shall have the first option to purchase any such interest of his or her Deceased Spouse for the price and on the terms specified in Sections 12.4 and 12.5.

  • Except upon the occurrence of the death of a Deceased Member or Deceased Spouse, as hereinabove defined, the option set forth in this Section 12 may not be exercised unless the Company and/or the Purchasing Members purchase all of the Units of the Affected Member.

  • On the death of the Deceased Spouse, the entire trust fund shall continue in trust for the benefit of the Surviving Spouse, without exception, and with the full power of revocation.

  • Upon making distribution of trust assets or a division of trust assets into separate trusts at the death of the Deceased Spouse, the assets shall be valued at the date of distribution or the date of funding the trusts created by this instrument if such date is different than the date of death, and the Trustee shall distribute or divide so as to avoid application of terminable interest rules and regulations.


More Definitions of Deceased Spouse

Deceased Spouse means a descendant, parent, or grandparent, or spouse who either predeceased
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Deceased Spouse has the meaning specified in Section 4.9(c).
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Deceased Spouse has the meaning set forth in Section 3.6.
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Related to Deceased Spouse

  • Surviving Spouse means the widow or widower, as the case may be, of a Deceased Participant or a Deceased Beneficiary (as applicable).

  • Spouse means, an individual who,

  • Former Spouse means the individual who is considered by Applicable Laws to be the Annuitant’s former spouse or common-law partner;

  • Designated Beneficiary means the beneficiary or beneficiaries the Participant designates, in a manner the Administrator determines, to receive amounts due or exercise the Participant’s rights if the Participant dies or becomes incapacitated. Without a Participant’s effective designation, “Designated Beneficiary” will mean the Participant’s estate.

  • de facto spouse means a person of the opposite sex to the employee who lives with the employee as the husband or wife of the employee on a bona fide domestic basis, although not legally married to that person.