Common use of Assignment; Benefit Clause in Contracts

Assignment; Benefit. This Agreement shall not be assignable by Executive, other than Executive’s rights to payments or benefits hereunder, which may be transferred only by will or the laws of descent and distribution. Upon Executive’s death, this Agreement and all rights of Executive hereunder shall inure to the benefit of and be enforceable by Executive’s beneficiary or beneficiaries, personal or legal representatives, or estate, to the extent any such person succeeds to Executive’s interests under this Agreement. No rights or obligations of Company under this Agreement may be assigned or transferred except to any successor to the Company’s business and/or assets (by merger, purchase of stock or assets, or otherwise) which, to the extent not otherwise automatically provided by operation of law, expressly assumes and agrees to perform this Agreement in the same manner and to the same extent that Company would be required to perform if no such succession had taken place.

Assignment; Benefit. This Agreement shall not be assignable by Executive, other than Executive’s rights to payments or benefits hereunder, which may be transferred only by will or the laws of descent and distribution. Upon Executive’s death, this Agreement and all rights of Executive hereunder shall inure to the benefit of and be enforceable by Executive’s beneficiary or beneficiaries, personal or legal representatives, or estate, to the extent any such person succeeds to Executive’s interests under this Agreement. No rights or obligations of Company under this Agreement may be assigned or transferred except to any successor to the Company’s business and/or assets (by merger, purchase of stock or assets, or otherwise) which, to the extent not otherwise automatically provided by operation of law, expressly assumes and agrees to perform this Agreement in the same manner and to the same extent that Company would be required to perform if no such succession had taken place.

Assignment; Benefit. This Agreement shall not be assignable by Executive, other than Executive’s 's rights to payments or benefits hereunder, which may be transferred only by will or the laws of descent and distribution. Upon Executive’s 's death, this Agreement and all rights of Executive hereunder shall inure to the benefit of and be enforceable by Executive’s 's beneficiary or beneficiaries, personal or legal representatives, or estate, to the extent any such person succeeds to Executive’s 's interests under this Agreement. No rights or obligations of Company under this Agreement may be assigned or transferred except to any successor to the Company’s 's business and/or assets (by merger, purchase of stock or assets, or otherwise) which, to the extent not otherwise automatically provided by operation of law, expressly assumes and agrees to perform this Agreement in the same manner and to the same extent that Company would be required to perform if no such succession had taken place.

Assignment; Benefit. This Agreement shall not be assignable by Executive, other than Executive’s 's rights to payments or benefits hereunder, which may be transferred only by will or the laws of descent and distribution. Upon Executive’s 's death, this Agreement and all rights of Executive hereunder shall inure to the benefit of and be enforceable by Executive’s 's beneficiary or beneficiaries, personal or legal representatives, or estate, to the extent any such person succeeds to Executive’s 's interests under this Agreement. No rights or obligations of Company under this Agreement may be assigned or transferred except to any a successor to of the Company’s business and/or assets (Company by mergerpurchase, purchase of stock merger consolidation or assets, otherwise which successor expressly or otherwise) which, to the extent not otherwise automatically provided by operation of lawlaw assumes all of the obligations of the Company hereunder. As used in this Agreement, expressly assumes "Company" shall mean Company as hereinbefore defined and agrees to perform this Agreement in the same manner and to the same extent that Company would be required to perform if no any such succession had taken placesuccessor.