Binding Effect; Non-Assignability. This Amended Employment Agreement shall be binding upon the Bank and inure to the benefit of the Bank and its successors. Neither this Amended Employment Agreement nor any rights arising hereunder may be assigned or pledged by the Employee during his lifetime. This Amended Employment Agreement shall inure to the benefit of and be enforceable by the Employee’s personal or legal representatives, executors, administrators, successors, heirs, distributees, devisees and legatees.
Appears in 2 contracts
Sources: Employment Agreement (Kinderhook Bank Corp), Employment Agreement (Kinderhook Bank Corp)
Binding Effect; Non-Assignability. This Amended Employment Agreement shall be binding upon the Bank and inure to the benefit of the Bank and its successors. Neither this Amended Employment Agreement nor any rights arising hereunder may be assigned or pledged by the Employee during his lifetime. This Amended Employment Agreement shall inure to the benefit of and be enforceable by the Employee’s personal or legal representatives, executors, administrators, successors, heirs, distributees, devisees and legatees.
Appears in 1 contract