Common use of Assignability Clause in Contracts

Assignability. The Employer may assign this Agreement and its rights and obligations hereunder in whole, but not in part, to any corporation, bank or other entity with or into which the Employer may hereafter merge or consolidate or to which the Employer may transfer all or substantially all of its assets, if in any such case said corporation, bank or other entity shall by operation of law or expressly in writing assume all obligations of the Employer hereunder as fully as if it had been originally made a party hereto, but may not otherwise assign this Agreement or its rights and obligations hereunder. The Executive may not assign or transfer this Agreement or any rights or obligations hereunder.

Appears in 57 contracts

Sources: Transition Agreement (Home Federal Bancorp, Inc. Of Louisiana), Transition Agreement (Home Federal Bancorp, Inc. Of Louisiana), Severance Agreement (Southern Missouri Bancorp, Inc.)

Assignability. The Employer Employers may assign this Agreement and its rights and obligations hereunder in whole, but not in part, to any corporation, bank or other entity with or into which the Employer Employers may hereafter merge or consolidate or to which the Employer Employers may transfer all or substantially all of its assets, if in any such case said corporation, bank or other entity shall by operation of law or expressly in writing assume all obligations of the Employer Employers hereunder as fully as if it had been originally made a party hereto, but may not otherwise assign this Agreement or its rights and obligations hereunder. The Executive may not assign or transfer this Agreement or any rights or obligations hereunder.

Appears in 40 contracts

Sources: Executive Employment Agreement (First Horizon Corp), Employment Agreement (Prudential Bancorp, Inc.), Employment Agreement (First Federal Bancshares of Arkansas Inc)

Assignability. The Employer Employers may assign this Agreement and its their rights and obligations hereunder in whole, but not in part, to any corporation, bank or other entity with or into which either of the Employer Employers may hereafter merge or consolidate or to which either of the Employer Employers may transfer all or substantially all of its respective assets, if in any such case said corporation, bank or other entity shall by operation of law or expressly in writing assume all obligations of the Employer Employers hereunder as fully as if it had been originally made a party hereto, but may not otherwise assign this Agreement or its their rights and obligations hereunder. The Executive may not assign or transfer this Agreement or any rights or obligations hereunder.

Appears in 24 contracts

Sources: Change in Control Agreement (Tierone Corp), Change in Control Severance Agreement (First Federal Bancshares of Arkansas Inc), Change in Control Agreement (Tierone Corp)

Assignability. The Employer Employers may assign this Agreement and its their rights and obligations hereunder in whole, but not in part, to any corporation, bank or other entity with or into which the Employer Employers may hereafter merge or consolidate or to which the Employer Employers may transfer all or substantially all of its their assets, if in any such case said corporation, bank or other entity shall by operation of law or expressly in writing assume all obligations of the Employer Employers hereunder as fully as if it had been originally made a party hereto, but may not otherwise assign this Agreement or its their rights and obligations hereunder. The Executive may not assign or transfer this Agreement or any rights or obligations hereunder.

Appears in 19 contracts

Sources: Employment Agreement (Quaint Oak Bancorp, Inc.), Employment Agreement (Quaint Oak Bancorp, Inc.), Employment Agreement (Quaint Oak Bancorp, Inc.)

Assignability. The Employer Employers may assign this Agreement and its their rights and obligations hereunder in whole, but not in part, to any corporation, bank or other entity with or into which either of the Employer Employers may hereafter merge or consolidate or to which either of the Employer Employers may transfer all or substantially all of its their respective assets, if in any such case said corporation, bank or other entity shall by operation of law or expressly in writing assume all obligations of the Employer Employers hereunder as fully as if it had been originally made a party hereto, but may not otherwise assign this Agreement or its rights and obligations hereunder. The Executive may not assign or transfer this Agreement or any rights or obligations hereunder.

Appears in 18 contracts

Sources: Employment Agreement (Esb Financial Corp), Employment Agreement (Esb Financial Corp), Employment Agreement (Esb Financial Corp)

Assignability. The Employer Companies may assign this Agreement and its their rights and obligations hereunder in whole, but not in part, to any corporation, bank or other entity with or into which either of the Employer Companies may hereafter merge or consolidate or to which either of the Employer Companies may transfer all or substantially all of its their respective assets, if in any such case said corporation, bank or other entity shall by operation of law or expressly in writing assume all obligations of the Employer Companies hereunder as fully as if it had been originally made a party hereto, but may not otherwise assign this Agreement or its rights and obligations hereunder. The Executive may not assign or transfer this Agreement or any rights or obligations hereunder.

Appears in 14 contracts

Sources: Employment Agreement (Premier Financial Corp), Employment Agreement (First Defiance Financial Corp), Employment Agreement (First Defiance Financial Corp)

Assignability. The Employer Employers may assign this Agreement and its their rights and obligations hereunder in whole, but not in part, to any corporation, bank or other entity with or into which the Employer Employers may hereafter merge or consolidate or to which the Employer Employers may transfer all or substantially all of its their respective assets, if in any such case said corporation, bank or other entity shall by operation of law or expressly in writing assume all obligations of the Employer Employers hereunder as fully as if it had been originally made a party hereto, but may not otherwise assign this Agreement or its their rights and obligations hereunder. The Executive may not assign or transfer this Agreement or any rights or obligations hereunder.

Appears in 10 contracts

Sources: Change in Control Agreement (Esb Financial Corp), Change in Control Agreement (Esb Financial Corp), Change in Control Agreement (Emclaire Financial Corp)

Assignability. The Employer may assign this Agreement and its rights and obligations hereunder in whole, but not in part, to any corporation, bank or other entity with or into which the Employer may hereafter merge or consolidate or to which the Employer may transfer all or substantially all of its assets, if in any such case said corporation, bank or other entity shall by operation of law or expressly in writing assume all obligations of the Employer hereunder as fully as if it had been originally made a party hereto, but may not otherwise assign this Agreement or its rights and obligations hereunder. The Executive Officer may not assign or transfer this Agreement or any rights or obligations hereunder.

Appears in 10 contracts

Sources: Change in Control Severance Agreement (Willow Financial Bancorp, Inc.), Change in Control Severance Agreement (Sterling Banks, Inc.), Change in Control Severance Agreement (Willow Grove Bancorp Inc/New)

Assignability. The Employer Employers may assign this Agreement and its their rights and obligations hereunder in whole, but not in part, to any corporation, bank or other entity with or into which the Employer Employers may hereafter merge or consolidate or to which the Employer Employers may transfer all or substantially all of its their assets, if in any such case said corporation, bank or other entity shall by operation of law or expressly in writing assume all obligations of the Employer Employers hereunder as fully as if it had been originally made a party hereto, but may not otherwise assign this Agreement or its rights and obligations hereunder. The Executive may not assign or transfer this Agreement or any rights or obligations hereunder.

Appears in 10 contracts

Sources: Employment Agreement (Chester Valley Bancorp Inc), Employment Agreement (Willow Financial Bancorp, Inc.), Employment Agreement (Willow Grove Bancorp Inc/New)

Assignability. The Employer may assign this Agreement and its rights and obligations hereunder in whole, but not in part, to any corporation, bank or other entity with or into which the Employer may hereafter merge or consolidate or to which the Employer may transfer all or substantially all of its assets, if in any such case said corporation, bank or other entity shall by operation of law or expressly in writing assume all obligations of the Employer hereunder as fully as if it had been originally made a party hereto, but may not otherwise assign this Agreement or its rights and obligations hereunder. The Executive may not assign or transfer this Agreement or any rights or obligations hereunder.. ​

Appears in 8 contracts

Sources: Severance Agreement (Southern Missouri Bancorp, Inc.), Severance Agreement (Southern Missouri Bancorp, Inc.), Severance Agreement (Southern Missouri Bancorp, Inc.)

Assignability. The Employer Employers may assign this Agreement and its their rights and obligations hereunder in whole, but not in part, to any corporation, bank bank, savings association or other entity with or into which either of the Employer Employers may hereafter merge or consolidate or to which either of the Employer Employers may transfer all or substantially all of its respective assets, if in any such case said corporation, bank or other entity shall by operation of law or expressly in writing assume all obligations of the Employer Employers hereunder as fully as if it had been originally made a party hereto, but may not otherwise assign this Agreement or its their rights and obligations hereunder. The Executive may not assign or transfer this Agreement or any rights or obligations hereunder.

Appears in 7 contracts

Sources: Change in Control Severance Agreement (Silvergate Capital Corp), Change in Control Severance Agreement (Silvergate Capital Corp), Change in Control Severance Agreement (Peoples Community Bancorp Inc /Md/)

Assignability. The Employer Company may assign this Agreement and its rights and obligations hereunder in whole, but not in part, to any corporation, bank or other entity with or into which either of the Employer Employers may hereafter merge or consolidate or to which either of the Employer Employers may transfer all or substantially all of its respective assets, if in any such case said corporation, bank or other entity shall by operation of law or expressly in writing assume all obligations of the Employer Company hereunder as fully as if it had been originally made a party hereto, but may not otherwise assign this Agreement or its their rights and obligations hereunder. The Executive may not assign or transfer this Agreement or any rights or obligations hereunder.

Appears in 7 contracts

Sources: Change in Control Agreement (Provident Financial Services Inc), Change in Control Agreement (Provident Financial Services Inc), Change in Control Agreement (Provident Financial Services Inc)

Assignability. The Employer Employers may assign this Agreement and its rights and obligations hereunder in whole, but not in part, to any corporation, bank or other entity with or into which the Employer Employers may hereafter merge or consolidate or to which the Employer Employers may transfer all or substantially all of its their assets, if in any such case said corporation, bank or other entity shall by operation of law or expressly in writing assume all obligations of the Employer Employers hereunder as fully as if it had been originally made a party hereto, but may not otherwise assign this Agreement or its rights and obligations hereunder. The Executive may not assign or transfer this Agreement or any rights or obligations hereunder.

Appears in 6 contracts

Sources: Employment Agreement (Fidelity Bancorp Inc), Employment Agreement (Community Savings Bankshares Inc /De/), Severance Agreement (Laurel Capital Group Inc)

Assignability. The Employer may shall assign this Agreement and its rights and obligations hereunder in whole, but not in part, to any corporation, bank corporation or other entity with or into which the Employer may hereafter merge or consolidate or to which the Employer may transfer all or substantially all of its assets, if in any such case said corporation, bank corporation or other entity shall by operation of law or expressly in writing assume all obligations of the Employer hereunder as fully as if it had been originally made a party hereto, but may not otherwise assign this Agreement or its rights and obligations hereunder. The Executive may not assign or transfer this Agreement or any rights or obligations hereunder.

Appears in 6 contracts

Sources: Employment Agreement (American Locker Group Inc), Employment Agreement (American Locker Group Inc), Employment Agreement (Icarus International Inc)

Assignability. The Employer Employers may assign this Agreement and its rights and obligations hereunder in whole, but not in part, to any corporation, bank corporation or other entity with or into which the Employer Employers may hereafter merge or consolidate or to which the Employer Employers may transfer all or substantially all of its their respective assets, if in any such case said corporation, bank corporation or other entity shall by operation of law or expressly in writing assume all obligations of the Employer Employers hereunder as fully as if it had been originally made a party hereto, but may not otherwise assign this Agreement or its rights and obligations hereunder. The Executive may not assign or transfer this Agreement or any rights or obligations hereunder.

Appears in 5 contracts

Sources: Employment Agreement (Mortgageit Holdings Inc), Employment Agreement (MortgageIT Holdings, Inc.), Employment Agreement (MortgageIT Holdings, Inc.)

Assignability. The Employer Employers may assign this Agreement and its their rights and obligations hereunder in whole, but not in part, to any corporation, bank or other entity with or into which the Employer Employers may hereafter merge or consolidate or to which the Employer Employers may transfer all or substantially all of its their assets, if in any such case said corporation, bank or other entity shall by operation of law or expressly in writing assume all obligations of the Employer Employers hereunder as fully as if it had been originally made a party hereto, but may not otherwise assign this Agreement or its their rights and obligations hereunder. The Executive may not assign or transfer this Agreement or any rights or obligations hereunder.

Appears in 5 contracts

Sources: Change in Control Agreement (F&m Bancorp), Severance Agreement (F&m Bancorp), Severance Agreement (F&m Bancorp)

Assignability. The Employer Employers may assign this Agreement and its their rights and obligations hereunder in whole, but not in part, to any corporation, bank corporation or other entity with or into which the Employer Employers may hereafter merge or consolidate or to which the Employer Employers may transfer all or substantially all of its their respective assets, if in any such case said corporation, bank corporation or other entity shall by operation of law or expressly in writing assume all obligations of the Employer Employers hereunder as fully as if it had been originally made a party hereto, but may not otherwise assign this Agreement or its rights and obligations hereunder. The Executive may not assign or transfer this Agreement or any rights or obligations hereunder.

Appears in 5 contracts

Sources: Employment Agreement (Pacific Premier Bancorp Inc), Employment Agreement (Pacific Premier Bancorp Inc), Employment Agreement (Pacific Premier Bancorp Inc)

Assignability. The Employer Company may assign this Agreement and its rights and obligations hereunder in whole, but not in part, to any corporation, bank or other entity with or into which either of the Employer Employers may hereafter merge or consolidate or to which either of the Employer Employers may transfer all or substantially all of its respective assets, if if, in any such case case, said corporation, bank or other entity shall by operation of law or expressly in writing assume all obligations of the Employer Company hereunder in writing as fully as if it had been originally made a party hereto, but may not otherwise assign this Agreement or its their rights and obligations hereunder. The Executive may not assign or transfer this Agreement or any rights or obligations hereunder.

Appears in 5 contracts

Sources: Change in Control Agreement (Provident Financial Services Inc), Change in Control Agreement (Provident Financial Services Inc), Change in Control Agreement (Provident Financial Services Inc)

Assignability. The Employer Employers may assign this Agreement and its their rights and obligations hereunder in whole, but not in part, to any corporation, bank or other entity with or into which the Employer Employers may hereafter merge or consolidate or to which the Employer Employers may transfer all or substantially all of its their assets, if in any such case said corporation, bank or other entity shall by operation of law laws or expressly in writing assume all obligations of the Employer Employers hereunder as fully as if it had been originally made a party hereto, but may not otherwise assign this Agreement or its rights and obligations hereunder. The Executive may not assign or transfer this Agreement or any rights or obligations hereunder.

Appears in 4 contracts

Sources: Employment Agreement (Laurel Capital Group Inc), Employment Agreement (Laurel Capital Group Inc), Employment Agreement (Laurel Capital Group Inc)

Assignability. The Employer Employers may assign this Agreement and its their rights and obligations hereunder in whole, but not in part, to any corporation, bank corporation or other entity with or into which the Employer Employers may hereafter merge or consolidate or to which the Employer Employers may transfer all or substantially all of its their respective assets, if in any such case said corporation, bank corporation or other entity shall by operation of law or expressly in writing assume all obligations of the Employer Employers hereunder as fully as if it had been originally made a party hereto, but may not otherwise assign this Agreement or its rights and obligations hereunder. The Executive may not assign or transfer this Agreement or any rights or obligations hereunderhereunder because the Executive’s obligations are personal in nature to the Executive.

Appears in 4 contracts

Sources: Employment Agreement (Pacific Premier Bancorp Inc), Employment Agreement (Pacific Premier Bancorp Inc), Employment Agreement (Pacific Premier Bancorp Inc)

Assignability. The Employer may assign this Agreement and its rights and obligations hereunder in whole, but not in part, to any corporation, bank corporation or other entity with or into which the Employer may hereafter merge or consolidate or to which the Employer may transfer all or substantially all of its assets, if in any such case said corporation, bank corporation or other entity shall by operation of law or expressly in writing assume all obligations of the Employer hereunder as fully as if it had been originally made a party hereto, but may not otherwise assign this Agreement or its rights and obligations hereunder. The Executive may not assign or transfer this Agreement or any rights or obligations hereunder.

Appears in 4 contracts

Sources: Employment Agreement (Icarus International Inc), Employment Agreement (Icarus International Inc), Employment Agreement (Icarus International Inc)

Assignability. The Employer Employers may assign this Agreement and its their rights and obligations hereunder in whole, but not in part, to any corporation, bank or other entity with or into which either of the Employer Employers may hereafter merge or consolidate or to which either of the Employer Employers may transfer all or substantially all of its their respective assets, if in any such case said corporation, bank or other entity shall by operation of law or expressly in writing assume all obligations of the Employer Employers hereunder as fully as if it had been originally made a party hereto, but may not otherwise assign this Agreement or its their rights and obligations hereunder. The Executive may not assign or transfer this Agreement or any rights or obligations hereunder.

Appears in 3 contracts

Sources: Change in Control Severance Agreement (Parkvale Financial Corp), Change in Control Severance Agreement (Parkvale Financial Corp), Change in Control Severance Agreement (Parkvale Financial Corp)

Assignability. The Employer may assign this Agreement and its their rights and obligations hereunder in whole, but not in part, to any corporation, bank or other entity with or into which the Employer may hereafter merge or consolidate or to which the Employer may transfer all or substantially all of its their assets, if in any such case said corporation, bank or other entity shall by operation of law or expressly in writing assume all obligations of the Employer hereunder as fully as if it had been originally made a party hereto, but may not otherwise assign this Agreement or its their rights and obligations hereunder. The Executive may not assign or transfer this Agreement or any rights or obligations hereunder.

Appears in 3 contracts

Sources: Severance Agreement (Poughkeepsie Financial Corp), Employment Agreement (Community Bank Shares of Indiana Inc), Employment Agreement (Community Bank Shares of Indiana Inc)

Assignability. The Employer may assign this Agreement and its rights and obligations hereunder in whole, but not in part, to any corporation, bank or other entity with or into which the Employer may hereafter merge or consolidate or to which the Employer may transfer all or substantially all of its assets, if in any such case said corporation, bank or other entity shall by operation of law or expressly in writing assume all obligations of the Employer hereunder as fully as if it had been originally made a party hereto, but may not otherwise assign this Agreement or its their rights and obligations hereunder. The Executive may not assign or transfer this Agreement or any rights or obligations hereunder.

Appears in 3 contracts

Sources: Change in Control Agreement (Newalliance Bancshares Inc), Change in Control Agreement (Newalliance Bancshares Inc), Change in Control Agreement (Newalliance Bancshares Inc)

Assignability. The Employer Employers may assign this Agreement and its their rights and obligations hereunder in whole, but not in part, to any corporation, bank or other entity with or into which the Employer Employers may hereafter merge or consolidate or to which the Employer Employers may transfer all or substantially all of its their respective assets, if in any such case said corporation, bank or other entity shall by operation of law or expressly in writing assume all obligations of the Employer Employers hereunder as fully as if it had been originally made a party hereto, but may not otherwise assign this Agreement or its their rights and obligations hereunder. The Executive may not assign or transfer this Agreement or any rights or obligations hereunder.

Appears in 3 contracts

Sources: Employment Agreement (Uscb Financial Holdings, Inc.), Employment Agreement (Uscb Financial Holdings, Inc.), Employment Agreement (Uscb Financial Holdings, Inc.)

Assignability. The Employer may Employers may, without the consent of the Executive, assign this Agreement and its their rights and obligations hereunder in whole, but not in part, to (a) any corporation, bank or other entity Person in connection with or into which the Employer may hereafter merge or consolidate or to which the Employer may transfer all or substantially all of its assets, any Change in Control if in any such case said such corporation, bank or other entity Person shall by operation of law or expressly in writing assume all obligations of the Employer Employers hereunder as fully as if it had been originally made a party hereto, or (b) any subsidiary or affiliate of the Employers; but may not otherwise assign this Agreement or its rights and obligations hereunder. The Executive may not assign or transfer this Agreement or any rights or obligations hereunder.

Appears in 3 contracts

Sources: Employment Agreement (CFS Bancorp Inc), Employment Agreement (CFS Bancorp Inc), Employment Agreement (CFS Bancorp Inc)

Assignability. The Employer Employers may assign this Agreement and its their rights and obligations hereunder in whole, but not in part, to any corporation, bank or other entity with or into which the Employer Employers may hereafter merge or consolidate or to which the Employer Employers may transfer all or substantially all of its assets, if in any such case said corporation, bank or other entity shall by operation of law or expressly in writing assume all obligations of the Employer Employers hereunder as fully as if it had been originally made a party hereto, but may not otherwise assign this Agreement or its their rights and obligations hereunder. The Executive may not assign or transfer this Agreement or any rights or obligations hereunder.

Appears in 2 contracts

Sources: Employment Agreement (Prudential Bancorp, Inc.), Employment Agreement (Prudential Bancorp, Inc.)

Assignability. The Employer may assign this Agreement and its rights and obligations hereunder in whole, but not in part, to any corporation, bank corporation or other entity with or into which the Employer may hereafter merge or consolidate or to which the Employer may transfer all or substantially all of its respective assets, if in any such case said corporation, bank corporation or other entity shall by operation of law or expressly in writing assume all obligations of the Employer hereunder as fully as if it had been originally made a party hereto, but may not otherwise assign this Agreement or its rights and obligations hereunder. The Executive may not assign or transfer this Agreement or any rights or obligations hereunder.

Appears in 2 contracts

Sources: Employment Agreement (Pacific Premier Bancorp Inc), Employment Agreement (Pacific Premier Bancorp Inc)

Assignability. The Employer may assign this Agreement and its rights and obligations hereunder in whole, but not in part, to any corporation, bank or other entity with or into which the Employer may hereafter merge or consolidate or to which the Employer may transfer all or substantially all of its their assets, if in any such case said corporation, bank or other entity shall by operation of law or expressly in writing assume all obligations of the Employer hereunder as fully as if it had been originally made a party hereto, but may not otherwise assign this Agreement or its their rights and obligations hereunder. The Executive may not assign or transfer this Agreement or any rights or obligations hereunder.

Appears in 2 contracts

Sources: Employment Agreement (Willow Grove Bancorp Inc), Employment Agreement (Willow Grove Bancorp Inc)

Assignability. The Employer may assign this Agreement and its their rights and obligations hereunder in whole, but not in part, to any corporation, bank or other entity with or into which the Employer may hereafter merge or consolidate or to which the Employer may transfer all or substantially all of its their assets, if in any such case said corporation, bank or other entity shall by operation of law or expressly in writing assume all obligations of the 8 8 Employer hereunder as fully as if it had been originally made a party hereto, but may not otherwise assign this Agreement or its their rights and obligations hereunder. The Executive may not assign or transfer this Agreement or any rights or obligations hereunder.

Appears in 2 contracts

Sources: Severance Agreement (Pittsburgh Home Financial Corp), Severance Agreement (Pittsburgh Home Financial Corp)

Assignability. The Employer may assign this Agreement and its rights and obligations hereunder in whole, but not in part, to any corporation, bank association or other entity with or into which the Employer may hereafter merge or consolidate or to which the Employer may transfer all or substantially all of its assets, if in any such case said corporation, bank association or other entity shall by operation of law or expressly in writing assume all obligations of the Employer hereunder as fully as if it had been originally made a party hereto, but may not otherwise assign this Agreement or its rights and obligations hereunder. The Executive may not assign or transfer this Agreement or any rights or obligations hereunder.

Appears in 2 contracts

Sources: Employment Agreement (Home Bancorp, Inc.), Employment Agreement (Home Bancorp, Inc.)

Assignability. The Employer may assign this Agreement and its their rights and obligations hereunder in whole, but not in part, to any corporation, bank or other entity with or into which the Employer or the Corporation may hereafter merge or consolidate or to which the Employer or the Corporation may transfer all or substantially all of its respective assets, if in any such case said corporation, bank or other entity shall by operation of law or expressly in writing assume all obligations of the Employer hereunder as fully as if it had been originally made a party hereto, but may not otherwise assign this Agreement or its their rights and obligations hereunder. The Executive Officer may not assign or transfer this Agreement or any rights or obligations hereunder.

Appears in 2 contracts

Sources: Change in Control Severance Agreement (Independence Community Bank Corp), Change in Control Severance Agreement (Independence Community Bank Corp)

Assignability. The Employer may assign this Agreement and its rights and obligations hereunder in whole, but not in part, to any corporation, bank insurance company or other entity with or into which the Employer may hereafter merge or consolidate or to which the Employer may transfer all or substantially all of its assets, if in any such case said corporation, bank insurance company or other entity shall by operation of law or expressly in writing assume all obligations of the Employer hereunder under this Agreement as fully as if it had been originally made a party heretoto the agreement, but may not otherwise assign this Agreement or its 7 rights and obligations hereunderobligations. The Executive may not assign or transfer this Agreement or any rights or obligations hereunderobligations.

Appears in 1 contract

Sources: Officer Employment Agreement (Fremont Michigan Insuracorp Inc)

Assignability. The Employer may assign this Agreement and its rights and obligations hereunder in whole, but not in part, to any corporation, bank or other entity with or into which the Employer may hereafter merge or consolidate or to which the Employer may transfer all or substantially all of its assets, if in any such case said corporation, bank or other entity shall by operation of law or expressly in writing assume all obligations of the Employer hereunder as fully as if it had been originally made a party hereto, but may not otherwise assign this Agreement or its rights and obligations hereunder. The Executive may not assign or transfer this Agreement or any rights or obligations hereunder.

Appears in 1 contract

Sources: Change in Control Severance Agreement (Parkvale Financial Corp)

Assignability. The Employer may shall assign this Agreement and its rights and obligations hereunder in whole, but not in part, to any corporation, bank corporation or other entity with or into which the Employer may hereafter merge or consolidate or to which the Employer may transfer all or substantially all of its assets, if in any such case said corporation, bank corporation or other entity shall by operation of law or expressly in writing assume all obligations of the Employer hereunder as fully as if it had been originally made a party hereto, but may not otherwise assign this Agreement or its rights and obligations hereunder. The Executive Counsel may not assign or transfer this Agreement or any rights or obligations hereunder.

Appears in 1 contract

Sources: Employment Agreement (Icarus International Inc)

Assignability. The Employer may assign this Agreement and its rights and obligations hereunder in whole, but not in part, to any corporation, bank or other entity with or into which the Employer may hereafter merge or consolidate or to which the Employer may transfer all or substantially all of its respective assets, if in any such case said corporation, bank or other entity shall by operation of law or expressly in writing assume all obligations of the Employer hereunder as fully as if it had been originally made a party hereto, but may not otherwise assign this Agreement or its rights and obligations hereunder. The Executive may not assign or transfer this Agreement or any rights or obligations hereunder.

Appears in 1 contract

Sources: Severance Agreement (Peoples Community Bancorp Inc /De/)

Assignability. The Employer may assign this Agreement and its rights and obligations hereunder in whole, but not in part, to any corporation, bank association or other entity with or into which the Employer may hereafter merge or consolidate or to which the Employer association may transfer all or substantially all of its assets, if in any such case said corporation, bank association or other entity shall by operation of law or expressly in writing assume all obligations of the Employer hereunder as fully as if it had been originally made a party hereto, but may not otherwise assign this Agreement or its rights and obligations hereunder. The Executive may not assign or transfer this Agreement or any rights or obligations hereunder.

Appears in 1 contract

Sources: Employment Agreement (Home Bancorp, Inc.)

Assignability. The Employer may assign this Agreement and its rights and obligations hereunder in whole, but not in part, to any corporation, bank insurance company or other entity with or into which the Employer may hereafter merge or consolidate or to which the Employer may transfer all or substantially all of its assets, if in any such case said corporation, bank insurance company or other entity shall by operation of law or expressly in writing assume all obligations of the Employer hereunder under this Agreement as fully as if it had been originally made a party heretoto the agreement, but may not otherwise assign this Agreement or its rights Rights and obligations hereunderobligations. The Executive may not assign or transfer this Agreement or any rights or obligations hereunderobligations.

Appears in 1 contract

Sources: Employment Agreement (Fremont Michigan Insuracorp Inc)

Assignability. The Employer may assign this Agreement and its rights and obligations hereunder in whole, but not in part, to any corporation, bank company or other entity with or into which the Employer may hereafter merge or consolidate or to which the Employer may transfer all or substantially all of its assets, if in any such case said corporation, bank company or other entity shall by operation of law or expressly in writing assume all obligations of the Employer hereunder as fully as if it had been originally made a party hereto, but may not otherwise assign this Agreement or its their rights and obligations hereunder. The Executive may not assign or transfer this Agreement or any rights or obligations hereunder.

Appears in 1 contract

Sources: Employment Agreement (Union Bankshares Corp)

Assignability. The Employer may assign this Agreement and its their rights and obligations hereunder in whole, but not in part, to any corporation, bank or other entity with or into which the Employer may hereafter merge or consolidate or to which the Employer may transfer all or substantially all of its assets, if in any such case said corporation, bank or other entity shall by operation of law or expressly in writing assume all obligations of the Employer hereunder as fully as if it had been originally made a party hereto, but may not otherwise assign this Agreement or its their rights and obligations hereunder. The Executive may not assign or transfer this Agreement or any rights or obligations hereunder.

Appears in 1 contract

Sources: Employment Agreement (Community Bank Shares of Indiana Inc)

Assignability. The Employer may assign this Agreement and its rights and obligations hereunder in whole, but not in part, to any corporation, bank or other entity with or into which the Employer may hereafter merge or consolidate or to which the Employer may transfer all or substantially all of its assets, if in any such case said corporation, bank or other entity shall by operation of law or expressly in writing assume all obligations of the Employer hereunder as fully as if it had been originally made a party hereto, but may not otherwise assign this Agreement or its rights and obligations hereunder. The Executive Officer may not assign or transfer this Agreement or any rights or obligations hereunder.. ​

Appears in 1 contract

Sources: Change in Control Agreement (BayCom Corp)

Assignability. The Employer Employers may assign this Agreement and its their rights and obligations hereunder in whole, but not in part, to any corporation, bank or other entity with or into which the Employer Employers may hereafter merge or consolidate or to which the Employer Employers may transfer all or substantially all of its their assets, if in any such case said corporation, bank or other entity shall by operation of law or expressly in writing assume all obligations of the Employer Employers hereunder as fully as if it had been originally made a party hereto, but may not otherwise assign this Agreement or its their rights and obligations hereunder. The Executive may not assign or transfer this Agreement or any rights or obligations hereunder.

Appears in 1 contract

Sources: Confidentiality and Non Competition Agreement (F&m Bancorp)

Assignability. The Employer Employers may assign this Agreement and its their rights and obligations hereunder in whole, but not in part, to any corporation, bank corporation or other entity with or into which the Employer Employers may hereafter merge or consolidate or to which the Employer Employers may transfer all or substantially all of its their assets, if in any such case said corporation, bank corporation or other entity shall by operation of law or expressly in writing assume all obligations of the Employer Employers hereunder as fully as if it had been originally made a party hereto, but may not otherwise assign this Agreement or its their rights and obligations hereunder. The Executive may not assign or transfer this Agreement or any rights or obligations hereunder.

Appears in 1 contract

Sources: Employment Agreement (Quaint Oak Bancorp Inc)

Assignability. The Employer Employers may assign this Agreement and its their rights and obligations hereunder in whole, but not in part, to any corporation, bank or other entity with or into which the Employer Employers may hereafter merge or consolidate or to which the Employer Employers may transfer all or substantially all of its their assets, if in any such case said corporation, bank or other entity shall by operation of law or expressly in writing assume all obligations of the Employer Employers hereunder as fully as if it had been originally made a party hereto, but may not otherwise assign this Agreement or its rights and obligations hereunder. The Executive may not assign or transfer this Agreement or any rights or of his obligations hereunder.

Appears in 1 contract

Sources: Executive Employment Agreement (Commonwealth Bancorp Inc)

Assignability. The Employer Employers may assign this Agreement and its rights and obligations hereunder in whole, but not in part, to any corporation, bank or other entity with or into which the Employer Employers may hereafter merge or consolidate or to which the Employer Employers may transfer all or substantially all of its their assets, if in any such case said corporation, bank or other entity shall by operation of law or expressly in writing assume all obligations of the Employer Employers hereunder as fully as if it had been originally made a party hereto, but may not otherwise assign this Agreement or its their rights and obligations hereunder. The Executive may not assign or transfer this Agreement or any rights or obligations hereunder.

Appears in 1 contract

Sources: Employment Agreement (CFS Bancorp Inc)

Assignability. The Employer Employers may assign this Agreement and its their rights and obligations hereunder in whole, but not in part, to any corporation, bank or other entity with or into which the Employer Employers may hereafter merge or consolidate or to which the Employer Employers may transfer all or substantially all of its their assets, if in any such case said corporation, bank or other entity shall by operation of law or expressly in writing assume all obligations of the Employer 8 8 Employers hereunder as fully as if it had been originally made a party hereto, but may not otherwise assign this Agreement or its their rights and obligations hereunder. The Executive may not assign or transfer this Agreement or any rights or obligations hereunder.

Appears in 1 contract

Sources: Severance Agreement (Pittsburgh Home Financial Corp)

Assignability. The Employer may assign this Agreement and its the rights and obligations hereunder in whole, but not in part, to any corporation, bank or other entity with or into which the Employer may hereafter merge or consolidate or to which the Employer may transfer all or substantially all of its assets, if in any such case said corporation, bank or other entity shall by operation of law or expressly in writing assume all obligations of the Employer hereunder as fully as if it had been originally made a party hereto, but may not otherwise assign this Agreement or its rights and obligations hereunder. The Executive may not assign or transfer this Agreement or any rights or obligations hereunder.

Appears in 1 contract

Sources: Employment Agreement (Kentucky Bancshares Inc /Ky/)

Assignability. The Employer may assign this Agreement and its rights and obligations hereunder in whole, but not in part, to any corporation, bank or other entity with or into which the Employer may hereafter merge or consolidate or to which the Employer may transfer all or substantially all of its respective assets, if in any such case said corporation, bank or other entity shall by operation of law or expressly in writing assume all obligations of the Employer hereunder as fully as if it had been originally made a party hereto, but may not otherwise assign this Agreement or its rights and obligations hereunder. The Executive may not assign or transfer this Agreement or any rights or obligations hereunder.

Appears in 1 contract

Sources: Change in Control Severance Agreement (Parkvale Financial Corp)

Assignability. The Employer may assign this Agreement and its rights and obligations hereunder in whole, but not in part, to any corporation, bank or other entity with or into which the Employer may hereafter merge or consolidate or to which the Employer may transfer all or substantially all of its assets, if in any such case said corporation, bank or other entity shall by operation of law or expressly in writing assume all obligations of the Employer hereunder as fully as if it had been originally made a party hereto, but may not otherwise assign this Agreement or its rights ​ ​ ​ and obligations hereunder. The Executive may not assign or transfer this Agreement or any rights or obligations hereunder.. ​

Appears in 1 contract

Sources: Severance Agreement (Prudential Bancorp, Inc.)