Common use of Benefit and Binding Effect; Assignment Clause in Contracts

Benefit and Binding Effect; Assignment. This Agreement shall inure to the benefit of and be binding upon Sands, its successors and assigns, including but not limited to any corporation, person or other entity which may acquire a controlling interest in Sands or any corporation with or into which Sands may be consolidated or merged. Neither Sands nor Executive may assign its or his rights or obligations to any other person or entity without the express written consent of the other.