Assignment; Benefits Sample Clauses
The "Assignment; Benefits" clause defines the rules regarding the transfer of rights and obligations under a contract to third parties. Typically, it specifies whether a party may assign its interests or delegate its duties to another entity, and may require prior written consent from the other party before such an assignment is valid. This clause ensures that both parties retain control over who is involved in the contract and prevents unwanted or unapproved transfers, thereby protecting the interests and expectations of the original contracting parties.
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Assignment; Benefits. Unless expressly permitted pursuant to this Agreement, neither the Investor Shareholders nor the Existing Shareholders may assign their rights hereunder without the consent of the Company and, in the event of a proposed assignment by an Existing Shareholder, an Investor Director.
Assignment; Benefits. The benefits of this Agreement shall inure to the benefit of the respective successors and assigns of the parties hereto and of the indemnified parties hereunder and their successors and assigns and representatives, and the obligations and liabilities assumed in this Agreement by the parties hereto shall be binding upon their respective successors and assigns, provided, however, that Consultant shall not assign or permit any other person or entity to assume its obligations hereunder without the prior written approval of the Company. The Company shall provide Consultant with notice of its consent or withholding of such consent within ten days after approval has been requested.
Assignment; Benefits. This Agreement may not be assigned by any party -------------------- hereto without the prior written consent of each of the other parties. This Agreement shall be binding upon, and shall inure to the benefit of, each of the signatories hereto and their respective successors and permitted assigns.
Assignment; Benefits. The Holders may not assign the Holders’ rights hereunder without the prior written consent of the Company, which consent may not be unreasonably withheld. Notwithstanding the foregoing, a Holder may assign such Holder’s rights hereunder to a purchaser which acquires all of such Holder’s Registrable Securities in a single transfer. Notwithstanding the foregoing, no rights may under any circumstances be transferred in respect of any Contingent Share Rights.
Assignment; Benefits. During the Term and so long as assigned to Switzerland, the Executive shall be entitled to the following benefits (“Assignment Benefits”); all the benefits provided for in this Addendum are inclusive of a Representative Allowance of CHF 100,000 and are in addition to the perquisities and other benefits provided for in the Agreement:
Assignment; Benefits. Neither party may assign it rights hereunder without the prior written consent of the other party hereto, except, the Holder may assign the Holder’s rights hereunder (including, for the avoidance of doubt, the rights set forth in Section 11 hereof) without the prior written consent of the Company in connection with the sale or transfer of the Registrable Securities, provided that simultaneously with such transfer, the Holder provides the Company with written notice thereof pursuant to Section 7 hereof. For the avoidance of doubt, upon the assignment effected in accordance with the provision of this Section 10, any assignee of the assigning Holder’s rights hereunder, shall immediately accede to the assigning Holder’s rights under this Agreement and, accordingly, become a “Holder” within the meaning of this Agreement.
Assignment; Benefits. The rights (but not the obligations) of Parent hereunder may be assigned, in whole or in part, to Merger Sub or any other direct or indirect wholly owned subsidiary of Parent, to the extent and for so long as it remains a direct or indirect wholly owned subsidiary of Parent. Other than as permitted in the preceding sentence, this Agreement may not be assigned by any party hereto without the prior written consent of the other party. This Agreement shall be binding upon, and shall inure to the benefit of, the Holder, Parent and their respective successors and permitted assigns.
Assignment; Benefits. During the Term and so long as Executive is assigned to Reading, England, the Executive shall be entitled to the following benefits ("Assignment Benefits"); all the benefits provided for in this Addendum are in addition to the perquisites and other benefits provided for in the Agreement:
Assignment; Benefits. At the end of the Initial Assignment Term and while assigned to Switzerland, the Executive shall be entitled to the following benefits:
Assignment; Benefits. Neither party may assign or transfer any of its rights or delegate any of its obligations under this Agreement without the prior written consent of all of the other parties hereto, except as permitted by Section 2.5 or as may occur by operation of law. This Agreement shall be binding upon and shall inure to the benefit of the parties, their successors and permitted assigns.