Common use of Assignment; Benefit Clause in Contracts

Assignment; Benefit. This Agreement shall not be assignable by Executive, and shall be assignable by Xxxxxx only to any affiliate or to any person or entity which may become a successor in interest (by purchase of assets or stock, or by merger, or otherwise) to Xxxxxx in the business or a portion of the business presently operated by it. Subject to the foregoing, this Agreement and the rights and obligations set forth herein shall inure to the benefit of, and be binding upon, the parties hereto and each of their respective permitted successors, assigns, heirs, executors and administrators, including the restrictive covenants of this Agreement.

Appears in 9 contracts

Samples: Executive Employment Agreement (Fulton Financial Corp), Executive Employment Agreement (Fulton Financial Corp), Confidential Separation Agreement and General Release (Fulton Financial Corp)

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Assignment; Benefit. This Agreement shall not be assignable by Executive, and shall be assignable by Xxxxxx the Bank only to any affiliate or to any person or entity which may become a successor in interest (by purchase of assets or stock, or by merger, or otherwise) to Xxxxxx the Bank in the business or a portion of the business presently operated by it. Subject to the foregoing, this Agreement and the rights and obligations set forth herein shall inure to the benefit of, and be binding upon, the parties hereto and each of their respective permitted successors, assigns, heirs, executors and administrators, including the restrictive covenants of this Agreement.

Appears in 6 contracts

Samples: Employment Agreement (Columbia Bancorp), Employment Agreement (Fulton Financial Corp), Employment Agreement (Fulton Financial Corp)

Assignment; Benefit. This Agreement shall not be assignable by Executive, and shall be assignable by Xxxxxx Fxxxxx only to any affiliate or to any person or entity which may become a successor in interest (by purchase of assets or stock, or by merger, or otherwise) to Xxxxxx Fxxxxx in the business or a portion of the business presently operated by it. Subject to the foregoing, this Agreement and the rights and obligations set forth herein shall inure to the benefit of, and be binding upon, the parties hereto and each of their respective permitted successors, assigns, heirs, executors and administrators, including the restrictive covenants of this Agreement.

Appears in 3 contracts

Samples: Employment Agreement (Fulton Financial Corp), Employment Agreement (Fulton Financial Corp), Employment Agreement (Fulton Financial Corp)

Assignment; Benefit. This Agreement shall not be assignable by Executive, and shall be assignable by Xxxxxx Fulton only to any affiliate or to any person or entity which may become a successor in interest (by purchase of assets or stock, or by merger, or otherwise) to Xxxxxx Fulton in the business or a portion of the business presently operated by it. Subject to the foregoing, this Agreement and the rights and obligations set forth herein shall inure to the benefit of, and be binding upon, the parties hereto and each of their respective permitted successors, assigns, heirs, executors and administrators, including the restrictive covenants of this Agreement.

Appears in 3 contracts

Samples: Employment Agreement (Fulton Financial Corp), Employment Agreement (Fulton Financial Corp), Employment Agreement (Fulton Financial Corp)

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Assignment; Benefit. This Agreement shall not be assignable by ---------- Executive, and shall be assignable by Xxxxxx the Bank only to any affiliate or to any person or entity which may become a successor in interest (by purchase of assets or stock, or by merger, or otherwise) to Xxxxxx the Bank in the business or a portion of the business presently operated by it. Subject to the foregoing, this Agreement and the rights and obligations set forth herein shall inure to the benefit of, and be binding upon, the parties hereto and each of their respective permitted successors, assigns, heirs, executors and administrators, including the restrictive covenants of this Agreement.

Appears in 1 contract

Samples: Employment Agreement (SVB Financial Services Inc)

Assignment; Benefit. This Agreement shall not be assignable by Executive, and shall be assignable by Xxxxxx the Company only to any affiliate or to any person or entity which may become a successor in interest (by purchase of assets or stock, or by merger, or otherwise) to Xxxxxx the Company in the business or a portion of the business presently operated by it. Subject to the foregoing, this Agreement and the rights and obligations set forth herein shall inure to the benefit of, and be binding upon, the parties hereto and each of their respective permitted successors, assigns, heirs, executors and administrators, including the restrictive covenants of this Agreement.

Appears in 1 contract

Samples: Change in Control Agreement (Innovative Solutions & Support Inc)

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