Common use of Nonassignability Binding Agreement Clause in Contracts

Nonassignability Binding Agreement. Neither this Agreement nor any right, duty, obligation or interest hereunder shall be assignable or delegable by Executive without the Company’s prior written consent; provided, however, that nothing in this paragraph shall preclude Executive from designating any of his beneficiaries to receive any benefits payable hereunder upon his death, or the executors, administrators, or other legal representatives from assigning any rights hereunder to the person or persons entitled thereto. This Agreement shall be binding upon, and inure to the benefit of, the parties hereto, any successors to or assigns of the Company and Executive’s heirs and the personal representatives’ of Executive’s estate.

Appears in 6 contracts

Samples: Employment Agreement (HHG Distributing, LLC), Employment Agreement (Hhgregg, Inc.), Severance Agreement (Hhgregg, Inc.)

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Nonassignability Binding Agreement. Neither this Agreement nor any right, duty, obligation or interest hereunder shall be assignable or delegable by the Executive without the Company’s 's prior written consent; providedPROVIDED, howeverHOWEVER, that nothing in this paragraph Section shall preclude the Executive from designating any of his beneficiaries to receive any benefits payable hereunder upon his deathdeath or disability, or the his executors, administrators, or other legal representatives representatives, from assigning any rights hereunder to the person or persons entitled thereto. This Agreement shall be binding upon, and inure to the benefit of, the parties hereto, any successors to or assigns of the Company and the Executive’s 's heirs and the personal representatives’ representatives of the Executive’s 's estate.

Appears in 3 contracts

Samples: Employment Agreement (Guess Inc Et Al/Ca/), Employment Agreement (Guess Inc Et Al/Ca/), Employment Agreement (Guess Inc Et Al/Ca/)

Nonassignability Binding Agreement. Neither this Agreement nor any right, duty, obligation or interest hereunder shall be assignable or delegable by the Executive without the Company’s 's prior written consent; provided, however, that nothing in this paragraph Section shall preclude the Executive from designating any of his beneficiaries to receive any benefits payable hereunder upon his deathdeath or disability, or the his executors, administrators, or other legal representatives representatives, from assigning any rights hereunder to the person or persons entitled thereto. This Agreement shall be binding upon, and inure to the benefit of, the parties hereto, any successors to or assigns of the Company and the Executive’s 's heirs and the personal representatives’ representatives of the Executive’s 's estate.

Appears in 3 contracts

Samples: Employment Agreement (Guess Inc Et Al/Ca/), Employment Agreement (Guess Inc Et Al/Ca/), Employment Agreement (Guess Inc Et Al/Ca/)

Nonassignability Binding Agreement. Neither this Agreement nor any right, duty, obligation or interest hereunder shall be assignable or delegable by Executive without the Company’s 's prior written consent; consent provided, however, that nothing in this paragraph shall preclude Executive from designating any of his beneficiaries to receive any benefits payable hereunder upon his death, or the executors, administrators, or other legal representatives from assigning any rights hereunder to the person or persons entitled thereto. This Agreement shall be binding upon, and inure to the benefit of, the parties hereto, any successors to or assigns of the Company and Executive’s 's heirs and the personal representatives’ representatives of Executive’s 's estate.

Appears in 2 contracts

Samples: Employment Agreement (Pathmark Stores Inc), Employment Agreement (Pathmark Stores Inc)

Nonassignability Binding Agreement. Neither this Agreement nor any right, duty, obligation or interest hereunder shall be assignable or delegable delegatable by Executive without the Company’s 's prior written consent; provided, however, that nothing in this paragraph Section 9 shall preclude Executive from designating any of his beneficiaries to receive any benefits payable hereunder under Section 3(c) upon his death, or the executors, administrators, or other legal representatives from assigning any rights hereunder to the person or persons entitled thereto. This Agreement shall be binding upon, and inure to the benefit of, the parties hereto, any successors to or assigns of the Company Companies and Executive’s 's heirs and the personal representatives’ representatives of Executive’s 's estate.

Appears in 1 contract

Samples: Resignation Agreement (Pathmark Stores Inc)

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Nonassignability Binding Agreement. Neither this Agreement nor any right, duty, obligation or interest hereunder shall be assignable or delegable delegatable by Executive without the Company’s 's prior written consent; provided, however, that nothing in this paragraph Section 10 shall preclude Executive from designating any of his beneficiaries to receive any benefits payable hereunder under Section 3(c) upon his death, or the executors, administrators, or other legal representatives from assigning any rights hereunder to the person or persons entitled thereto. This Agreement shall be binding upon, and inure to the benefit of, the parties hereto, any successors to or assigns of the Company Companies and Executive’s 's heirs and the personal representatives’ representatives of Executive’s 's estate.

Appears in 1 contract

Samples: Resignation Agreement (Pathmark Stores Inc)

Nonassignability Binding Agreement. Neither this Agreement nor any right, duty, obligation or interest hereunder shall be assignable or delegable by the Executive without the Company’s prior written consent; provided, however, that nothing in this paragraph Section shall preclude the Executive from designating any of his beneficiaries to receive any benefits payable hereunder upon his deathdeath or disability, or the his executors, administrators, or other legal representatives representatives, from assigning any rights hereunder to the person or persons entitled thereto. This Agreement shall be binding upon, and inure to the benefit of, the parties hereto, any successors to or assigns of the Company and the Executive’s heirs and the personal representatives’ representatives of the Executive’s estate.

Appears in 1 contract

Samples: Employment Agreement (American Apparel, Inc)

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