Dividing Stock Appreciation Rights

Summary

In Texas, stock appreciation rights (SARs) in a divorce are divided based on vesting schedules and marital property rules. The division should specify the percentage split (53% wife, 47% husband) and include legal wording for identification, division, vesting conditions, and execution. To make it binding, have the agreement reviewed by a legal professional, ensure both parties sign it, and submit it for court approval if necessary. Consult a legal professional to tailor the agreement to your specific situation.

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I need the legal wording
Creating legal wording for the division of stock appreciation rights in a divorce decree can be complex, but here's a general framework to consider:
- Identification of Assets: Clearly identify the *,* stock appreciation rights granted on */*/*, including their vesting schedule of *% per year.
- Division: Specify the agreed division as *% for the wife and *% for the husband.
- Vesting and Conditions: Outline the vested portion at the time of divorce and any conditions affecting the rights.
- Execution and Compliance: Include terms for executing the division and compliance with any corporate policies or legal requirements.
Ensure to consult with a legal professional to tailor the wording to your specific situation and comply with Texas laws.
to make it binding
To make the division of stock appreciation rights binding in a divorce decree or Agreement Incident to Divorce, consider these points:
- Legal Review: Have the agreement reviewed by a legal professional to ensure compliance with Texas laws.
- Signatures: Both parties should sign the agreement, acknowledging the division and terms.
- Court Approval: Submit the agreement to the court for approval, if required.
Would you like more information on any specific aspect?