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by operation of law or expressly in writing assume all obligations of the Employer hereunder as fully as if it had been originally made a party hereto, but may not otherwise assign this Agreement or its rights and obligations hereunder.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 56 contracts

Samples: Employment Agreement (Willow Financial Bancorp, Inc.), Severance Agreement (Southern Missouri Bancorp, Inc.), Severance Agreement (Southern Missouri Bancorp, Inc.)

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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of law or expressly in writing assume all obligations of the Employer Employers hereunder as fully as if it had been originally made a party hereto, but may not otherwise assign this Agreement or its rights and obligations hereunder.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

Samples: Employment Agreement (First Federal Bancshares of Arkansas Inc), Employment Agreement (Peoples Community Bancorp Inc /Md/), Employment Agreement (Prudential 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

Samples: Agreement (Esb Financial Corp), Agreement (Esb Financial Corp), Employment Agreement (Glacier Bancorp Inc)

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

Samples: Employment Agreement (First Defiance 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 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 13 contracts

Samples: Employment Agreement (Malvern Federal Bancorp Inc), Employment Agreement (Malvern Federal Bancorp Inc), Employment Agreement (Willow Financial 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 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

Samples: Change in Control Severance Agreement (Sterling Banks, Inc.), Change in Control Severance Agreement (Willow Financial Bancorp, Inc.), Change in Control Severance Agreement (Sterling Banks, 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 10 contracts

Samples: Change in Control Agreement (Esb Financial Corp), Change in Control Agreement (Esb Financial Corp), Change in Control Agreement (Esb 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 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

Samples: Employment Agreement (Willow Grove Bancorp Inc/New), Employment Agreement (Willow Grove Bancorp Inc/New), Employment Agreement (Chester Valley 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 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

Samples: 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 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

Samples: Employment Agreement (American Locker Group Inc), Employment Agreement (American Locker Group Inc), Employment Agreement (Ydi Wireless 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

Samples: Employment Agreement (Fidelity Bancorp Inc), Employment Agreement (Community Savings Bankshares Inc /De/), Agreement (Community Savings Bankshares Inc /De/)

Assignability. The Employer Company and/or the Bank 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 Company and/or the Bank may hereafter merge or consolidate or to which the Employer Company and/or the Bank 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 Company and/or the Bank 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

Samples: Continuation Agreement (Pacific Continental Corp), Continuation Agreement (Pacific Continental Corp), Continuation Agreement (Pacific Continental Corp)

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

Samples: 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 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

Samples: Employment Agreement (Pacific Premier Bancorp Inc), Employment Agreement (Pacific Premier Bancorp Inc), Employment Agreement (Pacific Premier 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 their rights and obligations hereunder. The Executive may not assign or transfer this Agreement or any rights or obligations hereunder.

Appears in 5 contracts

Samples: Agreement (F&m Bancorp), Agreement (F&m Bancorp), Agreement (F&m Bancorp)

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 4 contracts

Samples: Severance Agreement (Southern Missouri Bancorp, Inc.), Severance Agreement (Southern Missouri Bancorp, Inc.), Severance Agreement (Southern Missouri 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 4 contracts

Samples: 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 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

Samples: 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

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

Samples: Agreement (Community Bank Shares of Indiana Inc), Agreement (Poughkeepsie Financial Corp), Agreement (Community Bank Shares of Indiana 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

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

Samples: Two Year Change in Control Agreement (Newalliance Bancshares Inc), Change in Control Agreement (Newalliance Bancshares Inc), Two Year 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

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

Samples: Employment Agreement (Willow Grove Bancorp Inc), Employment Agreement (Willow Grove 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 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 Executive’s obligations are personal in nature to Executive.

Appears in 2 contracts

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

Samples: Agreement (Pittsburgh Home Financial Corp), 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 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

Samples: 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 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

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

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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

Samples: 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 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

Samples: Employment Agreement (Fremont Michigan Insuracorp 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

Samples: Employment Agreement (CFS 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 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

Samples: 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 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

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

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. 9.

Appears in 1 contract

Samples: 10.1 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

Samples: 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

Samples: Employment Agreement (Icarus International 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 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

Samples: 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 may not assign or transfer this Agreement or any rights or obligations hereunder.. ​

Appears in 1 contract

Samples: Severance 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 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

Samples: Employment Agreement (Union Bankshares Corp)

Assignability. The Employer Company 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 Company may hereafter merge or consolidate or to which the Employer Company 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 (delivered to Executive) 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 rights and obligations hereunder. The Executive may not assign or transfer this Agreement or any rights or obligations hereunder, except as provided in any benefit plan and all rights to receive payments shall upon his death be available to his estate.

Appears in 1 contract

Samples: Employment Agreement (ASAlliances Biofuels, LLC)

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

Samples: Control Severance Agreement (Parkvale 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 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 1 contract

Samples: Employment and Noncompetition Agreement (Independence Community Bank 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 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

Samples: 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 their rights and obligations hereunder. The Executive may not assign or transfer this Agreement or any rights or obligations hereunder.

Appears in 1 contract

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

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

Samples: Officer Employment Agreement (Fremont Michigan Insuracorp Inc)

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