Common use of Non-Assignability; Assignment in the Event of Acquisition or Merger Clause in Contracts

Non-Assignability; Assignment in the Event of Acquisition or Merger. This Agreement and the benefits hereunder are not assignable or transferable by Executive; the rights and obligations of United under this Agreement will automatically be deemed to be assigned by United to any corporation or entity into which United may be merged or consolidate.

Appears in 5 contracts

Sources: Settlement Agreement (Ual Corp /De/), Executive Employment Agreement (Ual Corp /De/), Executive Services Agreement (Ual Corp /De/)

Non-Assignability; Assignment in the Event of Acquisition or Merger. This Agreement and the benefits hereunder are may not assignable be assigned or transferable transferred, by Executive; operation of law or otherwise, except that the rights and obligations of United under this Agreement will shall automatically be deemed to be assigned by United to any corporation or entity into which United may be merged or consolidateconsolidated or to any other successor corporation of United.

Appears in 1 contract

Sources: Supplemental Retirement Plan Participation Agreement (Ual Corp /De/)