Common use of Continuity Clause in Contracts

Continuity. 33. This Agreement shall be binding upon and enure to the benefit of (i) the Executive and his heirs, executors, administrators and legal representatives and (ii) the Company, its related corporations, affiliates, and associates, and any other entity or organization which shall succeed to substantially all or any distinct portion of the business, divisions or property of the Company or its related corporations, affiliates, and associates, whether by means of amalgamation, merger, consolidation, acquisition, and/or sale of all or part of the shares or assets of the Company or otherwise, including by operation of law or by succession to the business of AGI pursuant to a Plan of Reorganization approved by a Bankruptcy Court. In addition, the Company will require any such successor expressly to assume and agree, by written agreement, to perform this Agreement in the same manner and to the same extent the Company would be required to perform if no such succession had taken place. LEGAL ADVICE

Appears in 5 contracts

Samples: Employment Agreement (Alderwoods Group Inc), Employment Agreement (Alderwoods Group Inc), Employment Agreement (Loewen Group International Inc)

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Continuity. 3334. This Agreement shall be binding upon and enure to the benefit of (i) the Executive and his heirs, executors, administrators and legal representatives and (ii) the Company, its related corporations, affiliates, and associates, and any other entity or organization which shall succeed to substantially all or any distinct portion of the business, divisions or property of the Company or its related corporations, affiliates, and associates, whether by means of amalgamation, merger, consolidation, acquisition, and/or sale of all or part of the shares or assets of the Company or otherwise, including by operation of law or by succession to the business of AGI pursuant to a Plan of Reorganization approved by a Bankruptcy Court. In addition, the Company will require any such successor expressly to assume and agree, by written agreement, to perform this Agreement in the same manner and to the same extent the Company would be required to perform if no such succession had taken place. LEGAL ADVICE

Appears in 2 contracts

Samples: Employment Agreement (Alderwoods Group Inc), Employment Agreement (Alderwoods Group Inc)

Continuity. 3335. This Agreement shall be binding upon and enure to the benefit of (i) the Executive and his heirs, executors, administrators and legal representatives and (ii) the Company, its related corporations, affiliates, and associates, and any other entity or organization which shall succeed to substantially all or any distinct portion of the business, divisions or property of the Company or its related corporations, affiliates, and associates, whether by means of amalgamation, merger, consolidation, acquisition, and/or sale of all or part of the shares or assets of the Company or otherwise, including by operation of law or by succession to the business of AGI pursuant to a Plan of Reorganization approved by a Bankruptcy Court. In addition, the Company will require any such successor expressly to assume and agree, by written agreement, to perform this Agreement in the same manner and to the same extent the Company would be required to perform if no such succession had taken place. LEGAL ADVICE.

Appears in 2 contracts

Samples: Employment Agreement (Alderwoods Group Inc), Employment Agreement (Alderwoods Group Inc)

Continuity. 3338. This Agreement shall be binding upon and enure inure to the benefit of (i) the Executive and his heirs, executors, administrators and legal representatives and (ii) the Company, its related corporations, affiliates, and associates, and any other entity or organization which shall succeed to substantially all or any distinct portion of the business, divisions or property of the Company or its related corporations, affiliates, and associates, whether by means of amalgamation, merger, consolidation, acquisition, and/or sale of all or part of the shares or assets of the Company or otherwise, including by operation of law or by succession to the business of AGI pursuant to a Plan of Reorganization approved by a the U.S. Bankruptcy Court. In addition, the Company will require any such successor expressly to assume and agree, by written agreement, to perform this Agreement in the same manner and to the same extent the Company would be required to perform if no such succession had taken place. LEGAL ADVICE.

Appears in 1 contract

Samples: Employment Agreement (Alderwoods Group Inc)

Continuity. 33. 34) This Agreement shall be binding upon and enure to the benefit of (i) the Executive and his heirs, executors, administrators and legal representatives and (ii) the Company, its related corporations, affiliates, and associates, and any other entity or organization which shall succeed to substantially all or any distinct portion of the business, divisions or property of the Company or its related corporations, affiliates, and associates, whether by means of amalgamation, merger, consolidation, acquisition, and/or sale of all or part of the shares or assets of the Company or otherwise, including by operation of law or by succession to the business of AGI pursuant to a Plan of Reorganization approved by a Bankruptcy Court. In addition, the Company will require any such successor expressly to assume and agree, by written agreement, to perform this Agreement in the same manner and to the same extent the Company would be required to perform if no such succession had taken place. LEGAL ADVICE

Appears in 1 contract

Samples: Employment Agreement (Alderwoods Group Inc)

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Continuity. 33. This Agreement shall be binding upon and enure to the benefit of (i) the Executive and his heirs, executors, administrators and legal representatives and (ii) the Company, its related corporations, affiliates, and associates, and any other entity or organization which shall succeed to substantially all or any distinct portion of the business, divisions or property of the Company or its related corporations, affiliates, and associates, whether by means of amalgamation, merger, consolidation, acquisition, and/or sale of all or part of the shares or assets of the Company or otherwise, including by operation of law or by succession to the business of AGI the Company pursuant to a Plan of Reorganization approved by a the Bankruptcy Court. In addition, the Company will require any such successor expressly to assume and agree, by written agreement, to perform this Agreement in the same manner and to the same extent the Company would be required to perform if no such succession had taken place. LEGAL ADVICE

Appears in 1 contract

Samples: Employment Agreement (Loewen Group Inc)

Continuity. 3337. This Agreement shall be binding upon and enure to the benefit of (i) the Executive and his heirs, executors, administrators and legal representatives and (ii) the Company, its related corporations, affiliates, and associates, and any other entity or organization which shall succeed to substantially all or any distinct portion of the business, divisions or property of the Company or its related corporations, affiliates, and associates, whether by means of amalgamation, merger, consolidation, acquisition, and/or sale of all or part of the shares or assets of the Company or otherwise, including by operation of law or by succession to the business of AGI pursuant to a Plan of Reorganization approved by a the U.S. Bankruptcy Court. In addition, the Company will require any such successor expressly to assume and agree, by written agreement, to perform this Agreement in the same manner and to the same extent the Company would be required to perform if no such succession had taken place. LEGAL ADVICE

Appears in 1 contract

Samples: Employment Agreement (Alderwoods Group Inc)

Continuity. 3335. This Agreement shall be binding upon and enure to the benefit of (i) the Executive and his heirs, executors, administrators and legal representatives and (ii) the Company, its related corporations, affiliates, and associates, and any other entity or organization which shall succeed to substantially all or any distinct portion of the business, divisions or property of the Company or its related corporations, affiliates, and associates, whether by means of amalgamation, merger, consolidation, acquisition, and/or sale of all or part of the shares or assets of the Company or otherwise, including by operation of law or by succession to the business of AGI pursuant to a Plan of Reorganization approved by a the U.S. Bankruptcy Court. In addition, the Company will require any such successor expressly to assume and agree, by written agreement, to perform this Agreement in the same manner and to the same extent the Company would be required to perform if no such succession had taken place. LEGAL ADVICE.

Appears in 1 contract

Samples: Employment Agreement (Alderwoods Group Inc)

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