Benefit and Assignability Sample Clauses
The "Benefit and Assignability" clause defines who is entitled to the rights and obligations under a contract and whether those rights or obligations can be transferred to another party. Typically, this clause specifies that the contract benefits only the original parties and restricts or permits the assignment of contractual rights or duties to third parties, sometimes requiring prior written consent. Its core function is to control the transferability of contractual interests, thereby protecting parties from unwanted involvement with third parties and ensuring that obligations are fulfilled by the intended entities.
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Benefit and Assignability. This Agreement shall be binding upon and shall inure to the benefit of the parties hereto and their respective successors and permitted assigns, and no other person or entity shall have any right (whether third party beneficiary or otherwise) hereunder. This Agreement may not be assigned by any party without the prior written consent of the other party; provided, however, that Buyer may assign all or any portion of this Agreement to any Affiliate of Buyer, provided that Buyer shall remain obligated for the payment of the Purchase Price and the performance of this Agreement.
Benefit and Assignability. This Agreement shall inure to the benefit of and be binding upon the Company and its successors and assigns. The rights and obligations of Executive hereunder are personal to him, and are not subject to voluntary or involuntary alienation, transfer, delegation or assignment.
Benefit and Assignability. This Agreement shall bind and inure to the benefit of the parties hereto and their respective legal representatives, successors and assigns, provided, however, that this Agreement cannot be assigned by any party except by or with the written consent of the others. Nothing herein expressed or implied is intended or shall be construed to confer upon or to give any person, firm or corporation other than the parties hereto and their respective legal representatives, successors and assigns any rights or benefits under or by reason of this Agreement.
Benefit and Assignability. The rights, benefits, duties and obligations under this Agreement shall inure to the benefit of, and be binding upon, (x) the Company and its successors, and (y) Executive and his legal representatives. This Agreement constitutes a personal service agreement, and the performance of Executive’s obligations under this Agreement may not be transferred or assigned by Executive. This Agreement may be assigned by the Company in its sole discretion. The provisions of Sections 4, 5, 8, 9, 10(a), 10(f), 10(g), 13(i) and 13(j) shall continue in full force and effect notwithstanding the termination of Executive’s employment with the Company.
Benefit and Assignability. This Agreement shall bind the Employee, his heirs and successors, and the Employer, its successors and assigns. This Agreement requires the personal services of the Employee and cannot be assigned by the Employee. The Employee agrees not to delegate his obligations or duties hereunder or any portion thereof. The Employer may, without recourse, assign all its rights and obligations to any entity that acquires or succeeds to the business of the Employer by merger, sale of assets, consolidation, operation of law, or otherwise. The rights and obligations of the Employer hereunder shall be binding upon and run in favor of the successors and assigns of the Employer.
Benefit and Assignability. This Agreement shall be binding upon and inure to the benefit of the respective successors and assigns of Seller and Buyer.
Benefit and Assignability. This Agreement shall be binding upon the Executive and, except with respect to Sections 1, 2, 3, 4 and 5, his legal representatives, heirs and distributees. Except as expressly permitted herein, the Executive may not assign any of his rights or duties hereunder or any interest herein without the prior written approval of the Board of Directors. The Company shall not unreasonably withhold its consent to the Executive's assignment of his rights to compensation hereunder.
Benefit and Assignability. This Agreement is personal in its nature and will inure to the benefit of and be binding upon the respective parties, their heirs, personal representatives, and assigns. Neither of the parties will assign or transfer this Agreement or any rights or obligations without the consent of the other; provided, however, that CCHMC may assign or transfer this Agreement to any other entity affiliated with CCHMC, provided that in the case of any such assignment or transfer, this Agreement will be binding upon and inure to the benefit of such successor corporation or entity and such successor corporation or entity will discharge and perform CCHMC’s obligations under this Agreement.
Benefit and Assignability. This Earn-Out Agreement shall be binding upon and shall inure to the benefit of the parties hereto and their respective successors and permitted assigns, and no other person or entity shall have any right (whether third party beneficiary or otherwise) hereunder. This Earn-Out Agreement may not be assigned by any party without the prior written consent of the other party, which consent shall not unreasonably be withheld.
Benefit and Assignability. This Agreement shall inure to the benefit of and shall be binding upon Parent and Executive, and their respective heirs, legal or personal representatives, successors and permitted assigns. The duties, obligations, rights and benefits of Executive under this Agreement are personal to him and no such duty, obligation, right or benefit shall be subject to voluntary or involuntary alienation, assignment or transfer.