Amend SB 228 on third reading by adding the following 
appropriately numbered sections and renumbering the sections of the 
bill accordingly:
	SECTION ____.  Section 3.007(d), Family Code,  is amended to 
read as follows:
	(d)  A spouse who is a participant in an employer-provided 
stock option plan or an employer-provided restricted stock plan has 
a separate property interest in the options or restricted stock 
granted to the spouse under the plan as follows:
		(1)  if the option or stock was granted to the spouse 
before marriage but required continued employment during marriage 
before the grant could be exercised or the restriction removed, the 
spouse's separate property interest is equal to the fraction of the 
option or restricted stock in which:
			(A)  the numerator is the period from the date the 
option or stock was granted until the date of marriage and, if the 
option or stock also required continued employment following the 
date of dissolution of the marriage before the grant could be 
exercised or the restriction removed, the period from the date of 
dissolution of the marriage until the date the grant could be 
exercised or the restriction removed; and
			(B)  the denominator is the period from the date 
the option or stock was granted until the date the grant could be 
exercised or the restriction removed;  and
		(2)  if the option or stock was granted to the spouse 
during the marriage but required continued employment following the 
date of dissolution of the [after] marriage before the grant could 
be exercised or the restriction removed, the spouse's separate 
property interest is equal to the fraction of the option or 
restricted stock in which:
			(A)  the numerator is the period from the date of 
dissolution [or termination] of the marriage until the date the 
grant could be exercised or the restriction removed; and
			(B)  the denominator is the period from the date 
the option or stock was granted until the date the grant could be 
exercised or the restriction removed.
	SECTION ____.  Subchapter B, Chapter 4, Family Code,  is 
amended by adding Section 4.107 to read as follows:
	Sec. 4.107.  LIMITATION OF ACTIONS.  A statute of 
limitations applicable to an action asserting a claim for relief 
under an agreement under this subchapter is tolled during the 
marriage of the parties to the agreement.  However, equitable 
defenses limiting the time for enforcement, including laches and 
estoppel, are available to either party.
	SECTION ____.  Subchapter C, Chapter 4, Family Code,  is 
amended by adding Section 4.207 to read as follows:
	Sec. 4.207.  LIMITATION OF ACTIONS.  A statute of 
limitations applicable to an action asserting a claim for relief 
under an agreement under this subchapter is tolled during the 
marriage of the parties to the agreement.  However, equitable 
defenses limiting the time for enforcement, including laches and 
estoppel, are available to either party.
	SECTION ____.  Sections 3.007(a), (b), and (f), Family Code, 
are repealed.   
	SECTION ____.  The change in law made by this Act to Section 
3.007, Family Code, applies to a suit for dissolution of a marriage 
pending before a trial court on or filed on or after the effective 
date of this Act.
	SECTION ____.  The changes in law made by this Act by the 
addition of Sections 4.107 and 4.207, Family Code, apply to an 
agreement under Subchapter B or C, Chapter 4, Family Code,  without 
regard to whether the agreement was made before, on, or after the 
effective date of this Act.