Common use of Benefit and Binding Effect Clause in Contracts

Benefit and Binding Effect. This Agreement shall be binding upon and shall inure to the benefit of the Company, its successors and assigns, and the Grantee, his executors, administrators, personal representatives and heirs. In the event that any part of this Agreement shall be held to be invalid or unenforceable, the remaining parts hereof shall nevertheless continue to be valid and enforceable as though the invalid portions were not a part hereof.

Appears in 46 contracts

Samples: Restricted Stock Unit Grant Agreement (Bristow Group Inc.), Restricted Stock Grant Agreement (Era Group Inc.), Stock Option Grant Agreement (Gener8 Maritime, Inc.)

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Benefit and Binding Effect. This Agreement shall be binding upon and shall inure to the benefit of the Company, its successors and assigns, and the Grantee, his Key Person and the Key Person’s executors, administrators, personal representatives and heirs. In the event that any part of this Agreement shall be held to be invalid or unenforceable, the remaining parts hereof shall nevertheless continue to be valid and enforceable as though the invalid portions were not a part hereof.

Appears in 29 contracts

Samples: Performance Based Restricted Stock Unit Agreement (LKQ Corp), Restricted Stock Unit Agreement (LKQ Corp), Performance Based Restricted Stock Unit Agreement (LKQ Corp)

Benefit and Binding Effect. This Agreement shall be binding upon and shall inure to the benefit of the Company, its successors and assigns, and the Grantee, his or her executors, administrators, personal representatives and heirs. In the event that any part of this Agreement shall be held to be invalid or unenforceable, the remaining parts hereof shall nevertheless continue to be valid and enforceable as though the invalid portions were not a part hereof.

Appears in 16 contracts

Samples: Annual Share Incentive Grant Agreement (Seacor Holdings Inc /New/), Performance Restricted Stock Unit Grant Agreement (SEACOR Marine Holdings Inc.), Restricted Stock Grant Agreement (SEACOR Marine Holdings Inc.)

Benefit and Binding Effect. This Agreement shall be binding upon and shall inure to the benefit of the Company, its successors and assigns, and the Grantee, his his/her executors, administrators, personal representatives and heirs. In the event that any part of this Agreement shall be held to be invalid or unenforceable, the remaining parts hereof shall nevertheless continue to be valid and enforceable as though the invalid portions were not a part hereof.

Appears in 3 contracts

Samples: Stock Option Grant Agreement (Bristow Group Inc.), Stock Option Grant Agreement (Era Group Inc.), Stock Option Grant Agreement (Era Group Inc.)

Benefit and Binding Effect. This Agreement shall be binding upon and shall inure to the benefit of the Company, its successors and assigns, and the Grantee, his his/her executors, administrators, personal representatives and heirs. In the event that any part of this Agreement shall be held to be invalid or unenforceable, the remaining parts hereof shall nevertheless continue to be valid and enforceable as though the invalid portions were not a part hereof.. EXHIBIT 10.5

Appears in 3 contracts

Samples: Stock Option Grant Agreement (Era Group Inc.), Stock Option Grant Agreement (Era Group Inc.), Stock Option Grant Agreement (Seacor Holdings Inc /New/)

Benefit and Binding Effect. This Agreement shall be binding upon and shall inure to the benefit of the Company, its successors and assigns, and the Grantee, his executors, administrators, personal representatives and heirs. In the event that any part of this Agreement shall be held to be invalid or unenforceable, the remaining parts hereof shall nevertheless continue to be valid and enforceable as though the invalid portions were not a part hereof.. EXHIBIT 10.6

Appears in 3 contracts

Samples: Restricted Stock Grant Agreement (Seacor Holdings Inc /New/), Restricted Stock Grant Agreement (Era Group Inc.), Restricted Stock Grant Agreement (Era Group Inc.)

Benefit and Binding Effect. Except as expressly contemplated herein, this Agreement may not be assigned or transferred. This Agreement shall be binding upon and shall inure to the benefit of the CompanyCompany and each of the Stockholders and their respective executors, its administrators and personal representatives and heirs and their permitted successors and assigns hereunder and shall be binding upon their successors and assigns, and the Grantee, his executors, administrators, personal representatives and heirs. In the event that any part of this Agreement shall be held to be invalid or unenforceable, the remaining parts hereof thereof shall nevertheless continue to be valid and enforceable as though the invalid portions were not a part hereof.

Appears in 3 contracts

Samples: Subordination Agreement (General Housing Inc), Stockholders' Agreement (General Housing Inc), Securities Purchase Agreement (General Housing Inc)

Benefit and Binding Effect. This Agreement shall be binding upon and shall inure to the benefit of the Company, its successors and assigns, and the GranteeParticipant, his executors, administrators, personal representatives and heirs. In the event that any part of this Agreement shall be held to be invalid or unenforceable, the remaining parts hereof shall nevertheless continue to be valid and enforceable as though the invalid portions were not a part hereof.

Appears in 2 contracts

Samples: Restricted Stock Unit Grant Agreement (Bristow Group Inc.), Restricted Stock Unit Grant Agreement (Bristow Group Inc.)

Benefit and Binding Effect. This Agreement shall be binding upon and shall inure to the benefit of the Company, its successors and assigns, and each of the GranteeStockholders, his and their respective executors, administrators, administrators and personal representatives and heirsheirs and assigns. In the event that any part of this Agreement shall be held to be invalid or unenforceable, the remaining parts hereof shall nevertheless continue to be valid and enforceable as though the invalid portions were not a part hereof.

Appears in 2 contracts

Samples: Stockholders' Agreement (Envirotest Systems Corp /De/), Stockholders' Agreement (TSG Ventures Lp)

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Benefit and Binding Effect. This Agreement shall be binding binding-upon and shall inure to the benefit of the Company, Company and its successors and assignsassigns and, subject to the provisions hereof, each of the other parties hereto and the Grantee, his their respective executors, administrators, personal representatives representatives, heirs and heirssuccessors. In the event that any part of this Agreement shall be held to be invalid or unenforceable, the remaining parts hereof thereof shall nevertheless continue to be valid and enforceable as though the invalid portions were not a part hereof.

Appears in 2 contracts

Samples: Shareholders Agreement (First Marblehead Corp), Shareholders Agreement (First Marblehead Corp)

Benefit and Binding Effect. This Agreement shall be binding upon and shall inure to the benefit of the Company, its Company and the Stockholder and their respective successors and assigns, and the Grantee, his executors, administrators, personal representatives and heirs. In the event that any part of this Agreement shall be held to be invalid or unenforceable, the remaining parts hereof shall nevertheless continue to be valid and enforceable as though the invalid portions were not a part hereof.

Appears in 1 contract

Samples: Registration Rights Agreement (Duberstein Gary K)

Benefit and Binding Effect. This Agreement shall be binding upon and shall inure to the benefit of the Company, its successors and assigns, and the GranteeParticipant, his executors, administrators, personal representatives and heirs. In the event that any part of this Agreement shall be held to be invalid or unenforceable, the remaining parts hereof shall nevertheless continue to be valid and enforceable as though the invalid portions were not a part hereof. 12.

Appears in 1 contract

Samples: Plan Restricted Stock Unit Grant Agreement (Bristow Group Inc.)

Benefit and Binding Effect. This Agreement shall be binding upon and shall inure to the benefit of the Company, its successors and assigns, and each of the Grantee, his Stockholders and their respective executors, administrators, administrators and personal representatives and heirsheirs and their successors and assigns. In the event that any part of this Agreement shall be held to be invalid or unenforceable, the remaining parts hereof thereof shall nevertheless continue to be valid and enforceable as though the invalid portions were not a part hereof.

Appears in 1 contract

Samples: Registration Rights Agreement (Infonow Corp /)

Benefit and Binding Effect. This Agreement shall be binding upon and shall inure to the benefit of the Company, its successors and assigns, and the GranteeParticipant, his his/her executors, administrators, personal representatives and heirs. In the event that any part of this Agreement shall be held to be invalid or unenforceable, the remaining parts hereof shall nevertheless continue to be valid and enforceable as though the invalid portions were not a part hereof.

Appears in 1 contract

Samples: Stock Option Grant Agreement (Bristow Group Inc.)

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