Common use of Change and Reaffirmation Clause in Contracts

Change and Reaffirmation. The Executive understands, acknowledges and agree that: (i) the Executive’s obligations under Sections 7, 8, 9 and 10 shall continue in accordance with its express terms regardless of any material changes in the Executive’s title, position, duties, salary, compensation or benefits or other terms and conditions of employment, including but not limited to any renewal of the Employment Period, and the Executive agrees to comply with such obligations; and (ii) if the Executive should transfer between or among any affiliates of the Company, wherever situated, or be promoted or reassigned to functions other than the Executive’s present functions, the terms of Section 7, 8, 9 and 10 shall continue to apply with full force, and the Executive agrees to comply with such terms. The Executive expressly consents to be bound by the provisions of Sections 7, 8, 9 and 10 for the benefit of the Company or any parent, subsidiary or affiliate to whose employ the Executive may be transferred, without the necessity that this Agreement be resigned at the time of such transfer.

Appears in 5 contracts

Samples: Executive Employment Agreement (Aspen Aerogels Inc), Executive Employment Agreement (Aspen Aerogels Inc), Executive Employment Agreement (Aspen Aerogels Inc)

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Change and Reaffirmation. The Executive understands, acknowledges and agree agrees that: (i) the Executive’s obligations under Sections 7, 8, 9 and 10 shall continue in accordance with its their express terms regardless of any material changes in the Executive’s title, position, duties, salary, compensation or benefits or other terms and conditions of employment, including but not limited to any renewal of the Employment Period, and the Executive agrees to comply with such obligations; and (ii) if the Executive should transfer between or among any affiliates of the t he Company, wherever situated, or be promoted or reassigned to functions other than the Executive’s present functions, the terms of Section 7, 8, 9 and 10 shall continue to apply with full force, and the Executive agrees to comply with such terms. The Executive expressly consents to be bound by the provisions of Sections 7, 8, 9 and 10 for the benefit of the Company or any parent, subsidiary or affiliate to whose employ the Executive may be transferred, without the necessity that this Agreement be resigned at the time of such transfer.

Appears in 1 contract

Samples: Executive Employment Agreement (Aspen Aerogels Inc)

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