Common use of Non-Assignment; Successors Clause in Contracts

Non-Assignment; Successors. Neither party hereto may assign his or its rights or delegate his or its duties under this Agreement without the prior written consent of the other party; provided, however, that (i) subject to the rights of the Executive under Section 4(b) hereof, this Agreement shall inure to the benefit of and be binding upon the successors and assigns of the Company upon any sale of all or substantially all of the Company's assets, or upon any merger, consolidation or reorganization of the Company with or into any other corporation, all as though such successors and assigns of the Company and their respective successors and assigns were the Company; and (ii) this Agreement shall inure to the benefit of and be binding upon the heirs, assigns or designees of the Executive to the extent of any payments due to the Executive hereunder. As used in this Agreement, the term "Company" shall be deemed to refer to any such successor or assign or the Company referred to in the preceding sentence.

Appears in 5 contracts

Samples: Employment Agreement (Condor Technology Solutions Inc), Employment Agreement (Condor Technology GRP), Employment Agreement (Condor Technology Solutions Inc)

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Non-Assignment; Successors. Neither party part hereto may assign his or its rights or delegate his or its duties under this Agreement without the prior written consent of the other party; provided, however, that (i) subject to the rights of the Executive under Section 4(b) hereof, this Agreement shall inure to the benefit of and be binding upon the successors and assigns of the Company upon any sale of all or substantially all of the Company's assets, or upon any merger, consolidation or reorganization of the Company with or into any other corporation, all as though such successors and assigns of the Company and their respective successors and assigns were the Company; and (ii) this Agreement shall inure to the benefit of and be binding upon the heirs, assigns or designees of the Executive to the extent of any payments due to the Executive hereunder. As used in this Agreement, the term "Company" shall be deemed to refer to any such successor or assign or the Company referred to in the preceding sentence.

Appears in 2 contracts

Samples: Employment Agreement (Condor Technology Solutions Inc), Employment Agreement (Condor Technology GRP)

Non-Assignment; Successors. Neither party hereto may assign his or its rights or delegate his or its duties under this Agreement without the prior written consent of the other party; provided, however, that the parties hereto hereby agree in advance that (i) subject to the rights of the Executive under Section 4(b) hereof, this Agreement may be assigned to, and shall inure to the benefit of and be binding upon upon, the successors and assigns of the Company upon any sale of all or substantially all of the Company's ’s assets, or upon any merger, consolidation or reorganization of the Company with or into any other corporation, all as though such successors and assigns of the Company and their respective successors and assigns were the Company; and (ii) this Agreement shall inure to the benefit of and be binding upon the heirs, assigns or designees of the Executive to the extent of any payments which may become due to the Executive them hereunder. As used in this Agreement, the term "Company" shall be deemed to refer to any such successor or assign or of the Company referred to in the preceding sentence.

Appears in 2 contracts

Samples: Employment Agreement (Xethanol Corp), Employment Agreement (Xethanol Corp)

Non-Assignment; Successors. Neither party hereto may assign his or its their rights or delegate his or its their duties under this Agreement without the prior written consent of the other party; provided, however, that (i) subject to the rights of the Executive under Section 4(b) hereof, this Agreement shall inure to the benefit of and be binding upon the successors and assigns of the Company upon any sale of all or substantially all of the Company's ’s assets, or upon any merger, consolidation or reorganization of the Company with or into any other corporation, all as though such successors and assigns of the Company and their respective successors and assigns were the Company; , and (ii) this Agreement shall inure to the benefit of and be binding upon the heirs, assigns or designees of the Executive Employee to the extent of any payments due to the Executive them hereunder. As In the event of any sale of all or substantially all of Company’s assets or merger of Company in which Company is not the surviving entity, as used in this Agreement, Agreement the term "Company" shall be deemed to refer to any such the surviving corporation, successor or assign or the Company referred to in the preceding sentenceof Company.

Appears in 1 contract

Samples: Separation Agreement (Assurant, Inc.)

Non-Assignment; Successors. Neither party hereto may assign his or its rights or delegate his or its duties under this Agreement without the prior written consent of the other party; provided, however, that the parties hereto hereby agree in advance that (i) subject to the rights of the Executive under Section 4(b) hereof, this Agreement may be assigned to, and shall inure to the benefit of and be binding upon upon, the successors and assigns of the Company upon any sale of all or substantially all of the Company's assets, or upon any merger, consolidation or reorganization of the Company with or into any other corporation, all as though such successors and assigns of the Company and their respective successors and assigns were the Company; and (ii) this Agreement shall inure to the benefit of and be binding upon the heirs, assigns or designees of the Executive to the extent of any payments which may become due to the Executive them hereunder. As used in this Agreement, the term "Company" shall be deemed to refer to any such successor or assign or of the Company referred to in the preceding sentence.

Appears in 1 contract

Samples: Employment Agreement (Xethanol Corp)

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Non-Assignment; Successors. Neither party hereto may assign his or its ------------------------- rights or delegate his or its duties under this Agreement without the prior written consent of the other party; provided, however, that that: (i) subject to the rights of the Executive under Section 4(b) hereof, this Agreement -------- ------- shall inure to the benefit of and be 7 June 8, 1998 binding upon the successors and assigns of the Company upon any sale of all or substantially all of the Company's assets, or upon any merger, consolidation or reorganization of the Company with or into any other corporation, all as though such successors and assigns of the Company and their respective successors and assigns were the Company; and (ii) this Agreement shall inure to the benefit of and be binding upon the heirs, assigns or designees of the Executive to the extent of any payments due to the Executive them hereunder. As used in this Agreement, the term "Company" shall be deemed to refer to any such successor or assign or of the Company referred to in the preceding sentence.

Appears in 1 contract

Samples: Employment Agreement (Smartalk Teleservices Inc)

Non-Assignment; Successors. Neither party hereto may assign his or its rights or delegate his or its duties under this Agreement without the prior written consent of the other party; providedPROVIDED, howeverHOWEVER, that (i) subject to the rights of the Executive under Section 4(b) hereof, this Agreement shall inure to the benefit of and be binding upon the successors and assigns of the Company upon any sale of all or substantially all of the assets of the Company's assets, or upon any merger, consolidation or reorganization of the Company with or into any other corporation, all as though such successors and assigns of the Company and their respective successors and assigns were the Company; and (ii) this Agreement shall inure to the benefit of and be binding upon the heirs, assigns or designees of the Executive to the extent of any payments due to the Executive hereunder; and (iii) this Agreement shall inure to the benefit of Condor. As used in this Agreement, the term "Company" shall be deemed to refer to any such successor or assign or the Company referred to in the preceding sentence.

Appears in 1 contract

Samples: Employment Agreement (Condor Technology Solutions Inc)

Non-Assignment; Successors. Neither party hereto may assign his or its rights or delegate his or its duties under this Agreement without the prior written consent of the other party; provided, however, that the parties hereto hereby agree in advance that (i) subject to the rights of the Executive under Section 4(b) hereof, this Agreement may be assigned to, and 10 11 shall inure to the benefit of and be binding upon upon, the successors and assigns of the Company upon any sale of all or substantially all of the Company's assets, or upon any merger, consolidation or reorganization of the Company with or into any other corporation, all as though such successors and assigns of the Company and their respective successors and assigns were the Company; and (ii) this Agreement shall inure to the benefit of and be binding upon the heirs, assigns or designees of the Executive to the extent of any payments which may become due to the Executive them hereunder. As used in this Agreement, the term "Company" shall be deemed to refer to any such successor or assign or of the Company referred to in the preceding sentence.

Appears in 1 contract

Samples: Employment and Non Competition Agreement (Appliedtheory Corp)

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