Common use of NO ASSIGNMENT; SUCCESSORS Clause in Contracts

NO ASSIGNMENT; SUCCESSORS. Executive’s right to receive payments or benefits under this Agreement will not be assignable or transferable, whether by pledge, creation of a security interest or otherwise, whether voluntary, involuntary, by operation of law or otherwise, other than a transfer by will or by the laws of descent or distribution, and in the event of any attempted assignment or transfer contrary to this Section 13 the Company or Employer will have no liability to pay any amount so attempted to be assigned or transferred. This Agreement inures to the benefit of and is enforceable by Executive’s personal or legal representatives, executors, administrators, successors, heirs, distributees, devisees and legatees. This Agreement is binding upon and inures to the benefit of the Company and the Employer and their respective successors and assigns (including, without limitation, any company into or with which the Company may merge or consolidate).

Appears in 10 contracts

Samples: Change in Control Agreement (Babcock & Wilcox Co), Change in Control Agreement (Babcock & Wilcox Co), Change in Control Agreement (Babcock & Wilcox Co)

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NO ASSIGNMENT; SUCCESSORS. Executive’s 's right to receive payments or benefits under this Agreement will hereunder shall not be assignable or transferable, whether by pledge, creation of or a security interest or otherwise, whether voluntary, involuntary, by operation of law or otherwise, other than a transfer by will or by the laws of descent or distribution, and in the event of any attempted assignment or transfer contrary to this Section 13 the Company or Employer will shall have no liability to pay any amount so attempted to be assigned or transferred. This Agreement inures shall inure to the benefit of and is be enforceable by Executive’s 's personal or legal representatives, executors, administrators, successors, heirs, distributees, devisees and legatees. This Agreement is shall be binding upon and inures inure to the benefit of the Company and the Employer and their respective Company, its successors and assigns (including, without limitation, any company into or with which the Company may merge or consolidate).

Appears in 9 contracts

Samples: Severance Agreement (Reliant Energy Inc), Severance Agreement (Reliant Resources Inc), Severance Agreement (Reliant Resources Inc)

NO ASSIGNMENT; SUCCESSORS. Executive’s right to receive payments or benefits under this Agreement will shall not be assignable or transferable, whether by pledge, creation of a security interest or otherwise, whether voluntary, involuntary, by operation of law or otherwise, other than a transfer by will or by the laws of descent or distribution, and in the event of any attempted assignment or transfer contrary to this Section 13 12 the Company or Employer will have no liability to pay any amount so attempted to be assigned or transferred. This Agreement inures to the benefit of and is enforceable by Executive’s personal or legal representatives, executors, administrators, successors, heirs, distributees, devisees and legatees. This Agreement is binding upon and inures to the benefit of the Company and the Employer and their respective successors and assigns (including, without limitation, any company into or with which the Company may merge or consolidate).

Appears in 7 contracts

Samples: Change in Control Agreement (McDermott International Inc), Change in Control Agreement (McDermott International Inc), Change in Control Agreement (McDermott International Inc)

NO ASSIGNMENT; SUCCESSORS. Executive’s right to receive payments or benefits under this Agreement will not be assignable or transferable, whether by pledge, creation of a security interest or otherwise, whether voluntary, involuntary, by operation of law or otherwise, other than a transfer by will or by the laws of descent or distribution, and in the event of any attempted assignment or transfer contrary to this Section 13 the Company or Employer will have no liability to pay any amount so attempted to be assigned or transferred. This Agreement inures to the benefit of and is enforceable by Executive’s personal or legal representatives, executors, administrators, successors, heirs, distributees, devisees and legatees. This Agreement is binding upon and inures to the benefit of the Company and the Employer and their respective its successors and assigns (including, without limitation, any company into or with which the Company may merge or consolidateconsolidate and any Successor).

Appears in 7 contracts

Samples: Change in Control Agreement, Change in Control Severance Agreement (Babcock & Wilcox Enterprises, Inc.), Change in Control Agreement (BWX Technologies, Inc.)

NO ASSIGNMENT; SUCCESSORS. Executive’s 's right to receive payments or benefits under this Agreement will not be assignable or transferable, whether by pledge, creation of a security interest or otherwise, whether voluntary, involuntary, by operation of law or otherwise, other than a transfer by will or by the laws of descent or distribution, and in the event of any attempted assignment or transfer contrary to this Section 13 the Company or Employer will have no liability to pay any amount so attempted to be assigned or transferred. This Agreement inures to the benefit of and is enforceable by Executive’s 's personal or legal representatives, executors, administrators, successors, heirs, distributees, devisees and legatees. This Agreement is binding upon and inures to the benefit of the Company and the Employer and their respective successors and assigns (including, without limitation, any company into or with which the Company may merge or consolidate).

Appears in 5 contracts

Samples: Change in Control Agreement (Reliant Energy Inc), Change in Control Agreement (Reliant Energy Inc), Change in Control Agreement (Reliant Energy Inc)

NO ASSIGNMENT; SUCCESSORS. Executive’s right to receive payments or benefits under this Agreement will hereunder shall not be assignable or transferable, whether by pledge, creation of creation, or a security interest or otherwise, whether voluntary, involuntary, by operation of law or otherwise, other than a transfer by will or by the laws of descent or distribution, and in the event of any attempted assignment or transfer contrary to this Section 13 11, the Company or Employer will shall have no liability to pay any amount so attempted to be assigned or transferred. This Agreement inures shall inure to the benefit of and is be enforceable by Executive’s personal or legal representatives, executors, administrators, successors, heirs, distributeesdistributes, devisees devises and legatees. This Agreement is shall be binding upon and inures inure to the benefit of the Company and the Employer and their respective Company, its successors and assigns (including, without limitation, any company into or with which the Company may merge or consolidate).

Appears in 5 contracts

Samples: Employment Agreement (Schlumberger LTD /Nv/), Employment Agreement (Schlumberger LTD /Nv/), Employment Agreement (Schlumberger LTD /Nv/)

NO ASSIGNMENT; SUCCESSORS. Executive’s right to receive payments or benefits under this Agreement will not be assignable or transferable, whether by pledge, creation of a security interest or otherwise, whether voluntary, involuntary, by operation of law or otherwise, other than a transfer by will or by the laws of descent or distribution, and in the event of any attempted assignment or transfer contrary to this Section 13 the Company or Employer will have no liability to pay any amount so attempted to be assigned or transferred. This Agreement inures to the benefit of and is enforceable by Executive’s personal or legal representatives, executors, administrators, successors, heirs, distributees, devisees and legatees. This Agreement is binding upon and inures to the benefit of the Company and the Employer and their respective its successors and assigns (including, without limitation, any company into or with which the Company may merge or consolidate).

Appears in 5 contracts

Samples: Change in Control Agreement (Babcock & Wilcox Co), Change in Control Agreement (Babcock & Wilcox Co), Change in Control Agreement (Babcock & Wilcox Co)

NO ASSIGNMENT; SUCCESSORS. Executive’s right to receive payments or benefits under this Agreement will hereunder shall not be assignable or transferable, whether by pledge, creation of creation, or a security interest or otherwise, whether voluntary, involuntary, by operation of law or otherwise, other than as provided in Section 4(a), a transfer by will or by the laws of descent or distribution, and in the event of any attempted assignment or transfer contrary to this Section 13 11, the Company or Employer will shall have no liability to pay any amount so attempted to be assigned or transferred. This Agreement inures shall inure to the benefit of and is be enforceable by Executive’s personal or legal representatives, executors, administrators, successors, heirs, distributeesdistributes, devisees devises and legatees. This Agreement is shall be binding upon and inures inure to the benefit of the Company and the Employer and their respective Company, its successors and assigns (including, without limitation, any company into or with which the Company may merge or consolidate).

Appears in 3 contracts

Samples: Non Solicitation Agreement (Schlumberger Limited/Nv), Employment Agreement (Schlumberger LTD /Nv/), Employment Agreement (Schlumberger LTD /Nv/)

NO ASSIGNMENT; SUCCESSORS. Executive’s right to receive payments or benefits under this Agreement will hereunder shall not be assignable or transferable, whether by pledge, creation of or a security interest or otherwise, whether voluntary, involuntary, by operation of law or otherwise, other than a transfer by will or by the laws of descent or distribution, and in the event of any attempted assignment or transfer contrary to this Section 13 11, the Company or Employer will shall have no liability to pay any amount so attempted to be assigned or transferred. This Agreement inures shall inure to the benefit of and is be enforceable by Executive’s personal or legal representatives, executors, administrators, successors, heirs, distributeesdistributes, devisees devises and legatees. This Agreement is shall be binding upon and inures inure to the benefit of the Company and the Employer and their respective Company, its successors and assigns (including, without limitation, any company into or with which the Company may merge or consolidate).

Appears in 2 contracts

Samples: Employment Agreement (Schlumberger LTD /Nv/), Employment Agreement (Schlumberger LTD /Nv/)

NO ASSIGNMENT; SUCCESSORS. Executive’s right to receive payments or benefits under this Agreement will hereunder shall not be assignable or transferable, whether by pledge, creation of creation, or a security interest or otherwise, whether voluntary, involuntary, by operation of law or otherwise, other than than, as provided in Section 4(a), a transfer by will or by the laws of descent or distribution, and in the event of any attempted assignment or transfer contrary to this Section 13 11, the Company or Employer will shall have no liability to pay any amount so attempted to be assigned or transferred. This Agreement inures shall inure to the benefit of and is be enforceable by Executive’s personal or legal representatives, executors, administrators, successors, heirs, distributeesdistributes, devisees devises and legatees. This Agreement is shall be binding upon and inures inure to the benefit of the Company and the Employer and their respective Company, its successors and assigns (including, without limitation, any company entity into or with which the Company may merge or consolidate).

Appears in 2 contracts

Samples: Non Competition and Non Solicitation Agreement (Schlumberger Limited/Nv), Non Competition and Non Solicitation Agreement (Schlumberger Limited/Nv)

NO ASSIGNMENT; SUCCESSORS. Executive’s 's right to receive payments or benefits under this Agreement will hereunder shall not be assignable or transferable, whether by pledge, creation of or a security interest or otherwise, whether voluntary, involuntary, by operation of law or otherwise, other than a transfer by will or by the laws of descent or distribution, and in the event of any attempted assignment or transfer contrary to this Section 13 the Company or Employer will shall have no liability to pay any amount so attempted to be assigned or transferred. This Agreement inures shall inure to the benefit of and is be enforceable by Executive’s 's personal or legal representatives, executors, administrators, successors, heirs, distributees, devisees and legatees. This Agreement is shall be binding upon and inures inure to the benefit of the Company and the Employer and their respective successors and assigns (including, without limitation, any company into or with which the Company may merge or consolidate).

Appears in 2 contracts

Samples: Severance Agreement (Reliant Resources Inc), Severance Agreement (Reliant Resources Inc)

NO ASSIGNMENT; SUCCESSORS. Executive’s 's right to receive payments or benefits under this Agreement will hereunder shall not be assignable or transferable, whether by pledge, creation of a security interest or otherwise, whether voluntary, involuntary, by operation of law or otherwise, other than a transfer by will or by the laws of descent or distribution, and in the event of any attempted assignment or transfer contrary to this Section 13 7 the Company or Employer will shall have no liability to pay any amount so attempted to be assigned or transferred. This Agreement inures agreement shall inure to the benefit of and is be enforceable by Executive’s 's personal or legal representatives, executors, administrators, successors, heirs, distributees, devisees and legatees. This Agreement is agreement shall be binding upon and inures inure to the benefit of the Company and the Employer and their respective Company, its successors and assigns (assigns, including, without limitation, any company into or with which the Company may merge or consolidate)consolidate by operation of law or otherwise.

Appears in 2 contracts

Samples: Reliant Energy Inc, Reliant Energy Inc

NO ASSIGNMENT; SUCCESSORS. Executive’s Employee's right to receive payments or benefits under this Agreement will hereunder shall not be assignable or transferable, whether by pledge, creation of a security interest or otherwise, whether voluntary, involuntary, by operation of law or otherwise, other than a transfer by will or by the laws of descent or distribution, and in the event of any attempted assignment or transfer contrary to this Section 13 Paragraph 6, the Company or Employer will shall have no liability to pay any amount so attempted to be assigned or transferred. This Agreement inures shall inure to the benefit of and is be enforceable by Executive’s Employee's personal or legal representatives, executors, administrators, successors, heirs, distributees, devisees and legatees. This Agreement is shall be binding upon and inures inure to the benefit of the Company and the Employer and their respective Company, its successors and assigns (including, without limitation, any company into or with which the Company may merge or consolidate)consolidate by operation of law or otherwise.

Appears in 1 contract

Samples: Retention Agreement (Pennzoil Quaker State Co)

NO ASSIGNMENT; SUCCESSORS. Executive’s 's right to receive payments or ------------------------ benefits under this Agreement will hereunder shall not be assignable or transferable, whether by pledge, creation of or a security interest or otherwise, whether voluntary, involuntary, by operation of law or otherwise, other than a transfer by will or by the laws of descent or distribution, and in the event of any attempted assignment or transfer contrary to this Section 13 11, the Company or Employer will shall have no liability to pay any amount so attempted to be assigned or transferred. This Agreement inures shall inure to the benefit of and is be enforceable by Executive’s 's personal or legal representatives, executors, administrators, successors, heirs, distributeesdistributes, devisees devises and legatees. This Agreement is shall be binding upon and inures inure to the benefit of the Company and the Employer and their respective Company, its successors and assigns (including, without limitation, any company into or with which the Company may merge or consolidate).

Appears in 1 contract

Samples: Employment Agreement (Schlumberger LTD /Ny/)

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NO ASSIGNMENT; SUCCESSORS. Executive’s right to receive payments or benefits under this Agreement will hereunder shall not be assignable or transferable, whether by pledge, creation of creation, or a security interest or otherwise, whether voluntary, involuntary, by operation of law or otherwise, other than than, as provided in Section 4(a), a transfer by will or by the laws of descent or distribution, and in the event of any attempted assignment or transfer contrary to this Section 13 11, the Company or Employer will shall have no liability to pay any amount so attempted to be assigned or transferred. This Agreement inures shall inure to the benefit of and is be enforceable by Executive’s personal or legal representatives, executors, administrators, successors, heirs, distributeesdistributes, devisees devises and legatees. Schlumberger-Private This Agreement is shall be binding upon and inures inure to the benefit of the Company and the Employer and their respective Company, its successors and assigns (including, without limitation, any company entity into or with which the Company may merge or consolidate).

Appears in 1 contract

Samples: Employment, Non Competition and Non Solicitation Agreement (Schlumberger Limited/Nv)

NO ASSIGNMENT; SUCCESSORS. Executive’s right to receive payments or benefits under this Agreement will not be assignable or transferable, whether by pledge, creation of a security interest or otherwise, whether voluntary, involuntary, by operation of law or otherwise, other than a transfer by will or by the laws of descent or distribution, and in the event of any attempted assignment or transfer contrary to this Section 13 14 the Company or Employer will have no liability to pay any amount so attempted to be assigned or transferred. This Agreement inures to the benefit of and is enforceable by Executive’s personal or legal representatives, executors, administrators, successors, heirs, distributees, devisees and legatees. This Agreement is binding upon and inures to the benefit of the Company and the Employer and their respective its successors and assigns (including, without limitation, any company into or with which the Company may merge or consolidateconsolidate and any Successor).

Appears in 1 contract

Samples: Change in Control Severance Agreement (Babcock & Wilcox Enterprises, Inc.)

NO ASSIGNMENT; SUCCESSORS. Executive’s right to receive payments or benefits under this Agreement will hereunder shall not be assignable or transferable, whether by pledge, creation of or a security interest or otherwise, whether voluntary, involuntary, by operation of law or otherwise, other than a transfer by will or by the laws of descent or distribution, and in the event of any attempted assignment or transfer contrary to this Section 13 the Company or Employer will shall have no liability to pay any amount so attempted to be assigned or transferred. This Agreement inures shall inure to the benefit of and is be enforceable by Executive’s personal or legal representatives, executors, administrators, successors, heirs, distributees, devisees and legatees. This Agreement is shall be binding upon and inures inure to the benefit of the Company and the Employer and their respective successors and assigns (including, without limitation, any company into or with which the Company may merge or consolidate).

Appears in 1 contract

Samples: Severance Agreement (Reliant Energy Inc)

NO ASSIGNMENT; SUCCESSORS. Executive’s right to receive payments or benefits under this Agreement will hereunder shall not be assignable or transferable, whether by pledge, creation of creation, or a security interest or otherwise, whether voluntary, involuntary, by operation of law or otherwise, other than a transfer by will shall or by the laws of descent or distribution, and in the event of any attempted assignment or transfer contrary to this Section 13 14, the Company or Employer will shall have no liability to pay any amount so attempted to be assigned or transferred. This Agreement inures shall inure to the benefit of and is be enforceable by Executive’s personal or legal representatives, executors, administrators, successors, heirs, distributeesdistributes, devisees devises and legatees. The Company may assign its rights and obligations under this Agreement to any Affiliate. This Agreement is shall be binding upon and inures inure to the benefit of the Company and the Employer and their respective Company, its successors and assigns (including, without limitation, any company into or with which the Company may merge or consolidate).

Appears in 1 contract

Samples: Employment and Retirement Agreement (K-Sea Transportation Partners Lp)

NO ASSIGNMENT; SUCCESSORS. Executive’s Employee's right to receive payments or benefits under this Agreement will hereunder shall not be assignable or transferable, whether by pledge, creation of or a security interest or otherwise, whether voluntary, involuntary, by operation of law or otherwise, other than a transfer by will or by the laws of descent or distribution, and in the event of any attempted assignment or transfer contrary to this Section 13 9 the Company or Employer will shall have no liability to pay any amount so attempted to be assigned or transferred. This Agreement inures shall inure to the benefit of and is be enforceable by Executive’s Employee's personal or legal representatives, executors, administrators, successors, heirs, distributees, devisees and legatees. This Agreement is shall be binding upon and inures inure to the benefit of the Company and the Employer and their respective Company, its successors and assigns (including, without limitation, any company into or with which the Company may merge or consolidate).

Appears in 1 contract

Samples: Severance Agreement (Encore Acquisition Co)

NO ASSIGNMENT; SUCCESSORS. ExecutiveThe Employee’s right to receive payments or benefits under this Agreement will hereunder shall not be assignable or transferable, whether by pledge, creation of or a security interest or otherwise, whether voluntary, involuntary, by operation of law or otherwise, other than a transfer by will or by the laws of descent or distribution, and in the event of any attempted assignment or transfer contrary to this Section 13 9 the Company or Employer will shall have no liability to pay any amount so attempted to be assigned or transferred. This Agreement inures shall inure to the benefit of and is be enforceable by Executivethe Employee’s personal or legal representatives, executors, administrators, successors, heirs, distributees, devisees and legatees. This Agreement is shall be binding upon and inures inure to the benefit of the Company and the Employer and their respective Company, its successors and assigns (including, without limitation, any company into or with which the Company may merge or consolidate).

Appears in 1 contract

Samples: Separation Agreement (Encore Acquisition Co)

NO ASSIGNMENT; SUCCESSORS. Executive’s right to receive payments or benefits under this Agreement will hereunder shall not be assignable or transferable, whether by pledge, creation of creation, or a security interest or otherwise, whether voluntary, involuntary, by operation of law or otherwise, other than a transfer by will or by the laws of descent or distribution, and in the event of any attempted assignment or transfer contrary to this Section 13 13, the Company or Employer will shall have no liability to pay any amount so attempted to be assigned or transferred. This Agreement inures shall inure to the benefit of and is be enforceable by Executive’s personal or legal representatives, executors, administrators, successors, heirs, distributeesdistributes, devisees devises and legatees. This Agreement is shall be binding upon and inures inure to the benefit of the Company and the Employer and their respective Company, its successors and assigns (including, without limitation, any company into or with which the Company may merge or consolidate).

Appears in 1 contract

Samples: Employment Agreement (Schlumberger Limited/Nv)

NO ASSIGNMENT; SUCCESSORS. Executive’s right to receive payments or benefits under this Agreement will hereunder shall not be assignable or transferable, whether by pledge, creation of creation, or a security interest or otherwise, whether voluntary, involuntary, by operation of law or otherwise, other than than, as provided in Section 4(a), a transfer by will or by the laws of descent or distribution, and in the event of any attempted assignment or transfer contrary to this Section 13 12, the Company or Employer will shall have no liability to pay any amount so attempted to be assigned or transferred. This Agreement inures shall inure to the benefit of and is be enforceable by Executive’s personal or legal representatives, executors, administrators, successors, heirs, distributeesdistributes, devisees devises and legatees. This Agreement is shall be binding upon and inures inure to the benefit of the Company and the Employer and their respective Company, its successors and assigns (including, without limitation, any company entity into or with which the Company may merge or consolidate).

Appears in 1 contract

Samples: Employment, Non Competition and Non Solicitation Agreement (Schlumberger Limited/Nv)

NO ASSIGNMENT; SUCCESSORS. ExecutiveEmployee’s right to receive payments or benefits under this Agreement will hereunder shall not be assignable or transferable, whether by pledge, creation of a security interest or otherwise, whether voluntary, involuntary, by operation of law or otherwise, other than a transfer by will or by the laws of descent or distribution, and in the event of any attempted assignment or transfer contrary to this Section 13 7 the Company or Employer will shall have no liability to pay any amount so attempted to be assigned or transferred. This Agreement inures agreement shall inure to the benefit of and is be enforceable by ExecutiveEmployee’s personal or legal representatives, executors, administrators, successors, heirs, distributees, devisees and legatees. This Agreement is agreement shall be binding upon and inures inure to the benefit of the Company and the Employer and their respective Company, its successors and assigns (assigns, including, without limitation, any company into or with which the Company may merge or consolidate)consolidate by operation of law or otherwise.

Appears in 1 contract

Samples: Retention Agreement (Syntroleum Corp)

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