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This right shall be exercisable by the execution and delivery to the Company of a written assignment, in substantially the form attached hereto as Exhibit B, which by this reference is made a part hereof. Upon receipt of such written assignment executed by the Executive and duly accepted by the assignee thereof, the Company shall consent thereto in writing, and shall thereafter treat the Executive\u2019s assignee as the sole owner of all of the Executive\u2019s right, title and interest in and to this Agreement and in and to the Policy. 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[["no-assignment-by-executive", "No Assignment by Executive", "No <strong>Assignment by Executive</strong>"], ["acknowledgment-by-executive", "Acknowledgment by Executive", "Acknowledgment by Executive"], ["release-by-executive", "Release by Executive", "Release by Executive"], ["breach-by-executive", "Breach by Executive", "Breach by Executive"], ["acknowledgments-by-executive", "Acknowledgments by Executive", "Acknowledgments by Executive"]], "related_snippets": [], "updated": "2026-02-28T04:48:56+00:00", "also_ask": ["What restrictions or consents should be required for the Executive to assign their rights?", "How can the clause be drafted to prevent circumvention of non-compete or confidentiality obligations?", "What are the key risks if assignment by the Executive is permitted without employer approval?", "How does this clause compare to standard assignment provisions in similar executive agreements?", "What factors do courts consider when determining the enforceability of assignment restrictions against executives?"], "drafting_tip": "Prohibit assignment by Executive to maintain control over contractual parties; specify exceptions to clarify permissible transfers; require written consent to ensure enforceability.", "explanation": "The \"Assignment by Executive\" clause restricts or governs the executive's ability to transfer their rights or obligations under the agreement to another party. Typically, this clause requires the executive to obtain the employer's written consent before assigning any part of the contract, such as salary, benefits, or job responsibilities, to someone else. By including this provision, the agreement ensures that the employer retains control over who is bound by and benefits from the contract, thereby preventing unwanted or unauthorized transfers that could disrupt the employment relationship."}, "json": true, "cursor": ""}}