Common use of Assignability by Company Clause in Contracts

Assignability by Company. The Company may only assign its rights, together with its obligations, hereunder to a third party in connection with any sale, transfer or other disposition of all or substantially all of any business to which the Executive’s services are then principally devoted; provided, however, that no assignment pursuant to this Section 7.4.2 shall relieve the Company from its obligations hereunder to the extent the same are not timely discharged by such assignee.

Appears in 7 contracts

Samples: Employment Agreement (Vitae Pharmaceuticals, Inc), Employment Agreement (Vitae Pharmaceuticals, Inc), Employment Agreement (Vitae Pharmaceuticals, Inc)

AutoNDA by SimpleDocs

Assignability by Company. The Company may only assign its rights, together with its obligations, hereunder to a third party in connection with any sale, transfer or other disposition of all or substantially all of any business to which the Executive’s services are then principally devoted; provided, however, that no assignment pursuant to this Section 7.4.2 shall relieve the Company from its obligations hereunder to the extent the same are not timely discharged by such assignee.this

Appears in 1 contract

Samples: Employment Agreement (Vitae Pharmaceuticals, Inc)

Assignability by Company. The Company may only assign its rights, together with its obligations, hereunder to a third party in connection with any sale, transfer or other disposition of all or substantially all of any business to which the Executive’s 's services are then principally devoted; provided, however, that no assignment pursuant to this Section 7.4.2 8.5.2 shall relieve the Company from its obligations hereunder to the extent the same are not timely discharged by such assignee.

Appears in 1 contract

Samples: Employment Agreement (Biogen Idec Inc.)

Assignability by Company. The Company may only assign its rights, together with its obligations, hereunder to a third party in connection with any sale, transfer or other disposition of all or substantially all of any business to which the Executive’s services are then principally devoted; provided, however, that no assignment pursuant to this Section 7.4.2 7.5.2 shall relieve the Company from its obligations hereunder to the extent the same are not timely discharged by such assignee.

Appears in 1 contract

Samples: Employment Agreement (Biogen Inc.)

AutoNDA by SimpleDocs

Assignability by Company. The Company may only assign its rights, together with its obligations, hereunder to a third party in connection with any sale, transfer or other disposition of all or substantially all of any business to which the Executive’s services are then principally devoted; provided, however, that no assignment pursuant to this Section 7.4.2 8.4.2 shall relieve the Company from its obligations hereunder to the extent the same are not timely discharged by such assignee.

Appears in 1 contract

Samples: Employment Agreement (Biogen Idec Inc.)

Time is Money Join Law Insider Premium to draft better contracts faster.