Common use of INTERCORPORATE TRANSFERS Clause in Contracts

INTERCORPORATE TRANSFERS. If the Executive shall be voluntarily transferred to a Subsidiary of the Employer, such transfer shall not be deemed to terminate or modify this Agreement and the employing corporation to which the Executive shall have been transferred shall, for all purposes of this Agreement, be construed as standing in the same place and stead as the Employer as of the date of such transfer, provided however, that this Section 7 shall not modify Employer's obligations under Section 2, Section 3 and Section 5 hereof.

INTERCORPORATE TRANSFERS. If the Executive shall be voluntarily transferred to a Subsidiary an affiliate of the Employer, such transfer shall not be deemed to terminate or modify this Agreement and the employing corporation to which the Executive shall have been transferred shall, for all purposes of this Agreement, be construed as standing in the same place and stead as the Employer as of the date of such transfer. For purposes hereof, provided howeveran affiliate of the Employer shall mean any corporation directly or indirectly controlling, that this Section 7 shall not modify controlled by, or under common control with the Employer's obligations under Section 2, Section 3 and Section 5 hereof.

INTERCORPORATE TRANSFERS. If the Executive shall be voluntarily transferred to a Subsidiary of the EmployerSubsidiary, such transfer shall not be deemed to terminate or modify this Agreement and the employing corporation to which the Executive shall have been transferred shall, for all purposes of this Agreement, be construed as standing in the same place and stead as the Employer as of the date of such transfer, provided however, that this Section 7 shall not modify Employer's ’s obligations under Section 2, Section 3 and Section 5 hereof.

INTERCORPORATE TRANSFERS. If the Executive shall be voluntarily transferred to a Subsidiary an affiliate of the Employer, such transfer shall not be deemed to terminate or modify this Agreement and the employing corporation to which the Executive shall have been transferred shall, for all purposes of this Agreement, be construed as standing in the same place and stead as the Employer as of the date of such transfer, provided however, that this Section 7 shall not modify Employer's obligations under Section 2, Section 3 and Section 5 hereof.

INTERCORPORATE TRANSFERS. If the Executive shall be is voluntarily transferred to a Subsidiary an Affiliate of the Employer, such transfer shall not be deemed to terminate or modify this Agreement and the employing corporation to which the Executive shall have been transferred shall, for all purposes of this Agreement, be construed as standing in the same place and stead as the Employer as of the date of such transfer, provided however, that this Section 7 shall not modify Employer's obligations under Section 2, Section 3 and Section 5 hereof.

INTERCORPORATE TRANSFERS. If the Executive shall be voluntarily transferred to a Subsidiary of the EmployerCompany, such transfer shall not be deemed to terminate or modify this Agreement and the employing corporation to which the Executive shall have been transferred shall, for all purposes of this Agreement, be construed as standing in the same place and stead as the Employer Company as of the date of such transfer, provided however, that this Section 7 shall not modify Employer's the Company’s obligations under Section 2, Section 3 and Section 5 hereof. Section 8.

INTERCORPORATE TRANSFERS. If the Executive shall be voluntarily transferred to a Subsidiary an affiliate of the Employer, such transfer shall not be deemed to terminate or modify this Agreement and the employing corporation to which the Executive shall have been transferred shall, for all purposes of this Agreement, be construed as standing in the same place and stead as the Employer as of the date of such transfer. For purposes hereof, provided howeveran affiliate of the Employer shall mean any corporation directly or indirectly controlling, that this Section 7 shall not modify controlled by, or under common control with the Employer's obligations under Section 2, Section 3 and Section 5 hereof.

INTERCORPORATE TRANSFERS. If the Executive shall be voluntarily transferred to a Subsidiary of the Employer, such transfer shall not be deemed to terminate or modify this Agreement and the employing corporation to which the Executive shall have been transferred shall, for all purposes of this Agreement, be construed as standing in the same place and stead as the Employer as of the date of such transfer, provided however, that this Section 7 shall not modify Employer's ’s obligations under Section 2, Section 3 and Section 5 hereof.

INTERCORPORATE TRANSFERS. If the Executive shall be voluntarily transferred to a Subsidiary of the Employer, such transfer shall not be deemed to terminate or modify this Agreement and the employing corporation to which the Executive shall have been transferred shall, for all purposes of this Agreement, be construed as standing in the same place and stead as the Employer as of the date of such transfer, provided however, that this Section 7 shall not modify Employer's obligations under Section 2, Section 3 and Section 5 hereof.

INTERCORPORATE TRANSFERS. If the Executive shall be voluntarily transferred to a Subsidiary an affiliate of the Employer, such transfer shall not be deemed to terminate or modify this Agreement Agreement, and the employing corporation to which the Executive shall have been transferred shall, for all purposes of this Agreement, be construed as standing in the same place and stead as the Employer as of the date of such transfer. For all rele- vant purposes hereof, provided however, that this Section 7 the tenure of the Executive shall not modify Employer's obligations under Section 2, Section 3 and Section 5 hereofbe deemed to include the aggregate term of his employment by the Employer or its affiliate.

INTERCORPORATE TRANSFERS. If the Executive shall be voluntarily transferred to a Subsidiary of the EmployerEmployer or of Centrue, such transfer shall not be deemed to terminate or modify this Agreement and the employing corporation to which the Executive shall have been transferred shall, for all purposes of this Agreement, be construed as standing in the same place and stead as the Employer as of the date of such transfer, provided however, that this Section 7 shall not modify Employer's ’s obligations under Section 2, Section 3 and Section 5 hereof.

INTERCORPORATE TRANSFERS. If the Executive shall be voluntarily transferred to a Subsidiary an ------------------------ affiliate of the Employer, such transfer shall not be deemed to terminate or modify this Agreement and the employing corporation to which the Executive shall have been transferred shall, for all purposes of this Agreement, be construed as standing in the same place and stead as the Employer as of the date of such transfer. For purposes hereof, provided howeveran affiliate of the Employer shall mean any corporation directly or indirectly controlling, that this Section 7 shall not modify controlled by, or under common control with the Employer's obligations under Section 2, Section 3 and Section 5 hereof.

INTERCORPORATE TRANSFERS. If the Executive shall be voluntarily transferred to a Subsidiary an Affiliate of the Employer, such transfer shall not be deemed to terminate or modify this Agreement and the employing corporation Affiliate to which the Executive shall have been transferred shall, for all purposes of this Agreement, be construed as standing in the same place and stead as the Employer as of the date of such transfer, provided however, that this Section 7 shall not modify Employer's obligations under Section 2, Section 3 and Section 5 hereof.