Example ContractsClausesCommunity Property
Community Property
Community Property contract clause examples

Community Property. If Employee is or becomes married and resides in Washington or any other community property state, the following rules will apply:

Community Property. Without prejudice to the actual rights of the spouses as between each other, for all purposes of this Agreement, the Optionee shall be treated as agent and attorney-in-fact for that interest held or claimed by his or her spouse with respect to this Option and the parties hereto shall act in all matters as if the Optionee was the sole owner of this Option. This appointment is coupled with an interest and is irrevocable.

The Seller has not received any 2003 Act Notice.

Community Jobs Goal. For purposes of this Agreement, the types of jobs that would qualify to be counted against the Community Jobs Goal shall be defined and determined, from time to time, as provided on [Schedule B]-1 attached hereto (and by reference made a part hereof). [Schedule B]-1 also determines how the number of full-time jobs shall be calculated.

Community Jobs Percentage. At the end of each 12-month period during the Goal Period (each a “Goal Year”), the number of full-time jobs at the Project shall be calculated and shall be divided by the applicable Community Jobs Goal and converted to a percentage to determine the “Community Jobs Percentage.”

Community Investment Goal. For purposes of the Community Investment Goal the investment at the Project shall be calculated on a cumulative basis from October 8, 2021 to the end of the Reporting Period. [Schedule B]-2 attached hereto (and by reference made a part hereof) provides rules that shall apply to satisfying the Community Investment Goal.

Community Recovery Payments. If the Annual Report for any Goal Year during the Performance Period shows that, for such Goal Year, the Project Goals Percentage is less than 80% (a “Shortfall Year”), then the Company, in such Annual Report, shall calculate the amount of the “Community Recovery Payments.” If the Project Goals Percentage as shown in the Annual Report for the Goal Year immediately succeeding a Shortfall Year is less than 80%, then the Company shall pay the Community Recovery Payments for the prior Shortfall Year.

As of the end of the Goal Year, the total number of full-time jobs located at the Project was ​.

During the period from October 8, 2021 through the end of the Goal Year, the Company has cumulatively invested a total of ​ with respect to the Project.

and if the community body completes the purchase of the Property then:

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