Example ContractsClausesCompany Assignment and Successors
Company Assignment and Successors
Company Assignment and Successors contract clause examples

Assignment; Successors. No party may assign either this Agreement or any of its rights, interests, or obligations hereunder without the prior written approval of the other parties. Subject to the first sentence of this Section 16, this Agreement shall be binding upon and shall inure to the benefit of the parties and their respective successors and permitted assigns.

Assignment; Successors. This Agreement will be binding upon any successor to the Company, its assets or its business (whether as a result of the occurrence of a Change in Control or otherwise), in the same manner and to the same extent that the Company would be obligated under this Agreement if no succession had taken place. In the case of any transaction in which a successor would not by the foregoing provision or by operation of law be bound by this Agreement, the Company shall require any successor to the Company to expressly and unconditionally assume this Agreement in writing and honor the obligations of the Company hereunder, in the same manner and to the same extent that the Company would be required to perform if no succession had taken place. In the event of a Change in Control, the terms “Bank,” “FUSBandCompany” as defined herein will refer to the Company’s successor, and the Employee will not be deemed to have terminated employment hereunder until the Employee terminates employment from such successor. All payments and benefits that become due to the Employee under this Agreement will inure to the benefit of his or her heirs, assigns, designees or legal representatives; provided, however, that the Employee shall not have any right to sell, assign, transfer, pledge, anticipate or otherwise encumber, transfer, hypothecate or convey any amounts payable under this Agreement prior to the date that such amounts are paid, except that, in the case of the Employee’s death, such amounts shall be paid to the Employee’s estate or heirs, as applicable.

Assignment; Successors. This Agreement is not assignable by the Executive and any purported assignment by the Executive of the Executive’s rights and/or obligations under this Agreement shall be null and void. Except as provided below, this Agreement may be assigned by the Company at any time, upon delivery of written notice to the Executive, to any successor to the business of the Company, or to

Successors; Assignment. This Agreement shall be binding upon and shall inure to the benefit of Seller and its respective partners, executors and administrators, and of Purchaser and its respective successors and assigns. This Agreement and the rights and obligations hereunder shall not be assignable without the prior written consent of the other parties hereto.

Company Successors. In the event PPL Corporation becomes a party to a merger, consolidation, sale of substantially all of its assets or any other corporate reorganization in which PPL Corporation will not be the surviving corporation or in which the holders of the Common Stock will receive securities of another corporation, then such other corporation shall assume the rights and obligations of PPL Corporation under this Plan.

This Agreement is personal to the Participant and without the prior written consent of the Company shall not be assignable by the Participant otherwise than by will or the laws of descent and distribution. This Agreement shall inure to the benefit of and be enforceable by the Participant’s legal representatives.

SUCCESSORS AND ASSIGNMENT. This Agreement shall # be binding upon and inure to the benefit of all successors and assigns of the Company (including any transferee of all or a substantial portion of the business, stock and/or assets of the Company and any direct or indirect successor by merger or consolidation or otherwise by operation of law) and # be binding on and shall inure to the benefit of the heirs, personal representatives, executors and administrators of the Director. The Director has no power to assign this Agreement or any rights and obligations hereunder.

Assignment and Successors. [[Organization A:Organization]] rights and obligations of [[Organization A:Organization]] under this Agreement shall inure to [[Organization A:Organization]] benefit of and will be binding upon [[Organization A:Organization]] successors and assigns of [[Organization A:Organization]], provided any such successor and assign assumes all of [[Organization A:Organization]]’s obligations under this Agreement. Neither party may, without [[Organization A:Organization]] written consent of [[Organization A:Organization]] other party, assign or delegate any of its rights or obligations under this Agreement except that [[Organization A:Organization]] may, without any further consent of Employee, assign or delegate any of its rights or obligations under this Agreement to any corporation or other business entity # with which [[Organization A:Organization]] may merge or consolidate, # to which [[Organization A:Organization]] may sell or transfer all or substantially all of its assets or capital stock or equity, or # any affiliate or subsidiary of [[Organization A:Organization]]. After any such assignment or delegation by [[Organization A:Organization]], [[Organization A:Organization]] will be discharged from all further liability hereunder and such assignee will thereafter be deemed to be [[Organization A:Organization]]Corporation” for purposes of all terms and conditions of this Agreement, including this Section 8.6. Employee may not assign this Agreement or any rights or obligations hereunder. Any purported or attempted assignment or transfer by Employee of this Agreement or any of Employee’s duties, responsibilities, or obligations hereunder is void.

Successors to the Company. This Agreement shall be binding on the successors of the Company.

Successors to the Company. This Agreement shall be deemed assigned to and binding upon any successor entity to the Company, and shall remain in effect in the event such successor entity agrees to be bound. In the event a successor entity fails to take action to be bound by this Agreement within sixty (60) days of its assuming control of the Company, then an Adverse Event as defined by this Agreement shall be deemed to have occurred and the Severance Benefit shall be paid to the Executive within thirty (30) days thereafter.

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