Common use of Succession Clause in Contracts

Succession. This Agreement shall inure to the benefit of and be binding upon the Company and its successors and assigns and any such successor or assignee shall be deemed substituted for the Company under the terms of this Agreement for all purposes. As used herein, "successor" and "assignee" shall include any person, firm, corporation or other business entity which at any time, whether by purchase, merger or otherwise, directly or indirectly acquires the stock of the Company or to which the Company assigns this Agreement by operation of law or otherwise. The obligations and duties of Executive hereunder are personal and otherwise not assignable. Executive's obligations and representations under this Agreement will survive the termination of Executive's employment, regardless of the manner of such termination.

Appears in 17 contracts

Samples: Employment Agreement (Shearson Financial Network Inc), Employment Agreement (Shearson Financial Network Inc), Employment Agreement (Photronics Inc)

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Succession. This Agreement shall inure to the benefit of and be binding upon the Company and its successors and assigns and any such successor or assignee shall be deemed substituted for the Company under the terms of this Agreement for all purposes. As used herein, "successor" and "assignee" shall include any person, firm, corporation or other business entity which at any time, whether by purchase, merger or otherwise, directly or indirectly acquires the stock of the Company or to which the Company assigns this Agreement by operation of law or otherwise. The obligations and duties of Executive hereunder are personal and otherwise not assignable. Executive's ’s obligations and representations under this Agreement will survive the termination of Executive's ’s employment, regardless of the manner of such termination.

Appears in 13 contracts

Samples: Employment Agreement (Las Vegas Railway Express, Inc.), Employment Agreement (Photronics Inc), Employment Agreement (Photronics Inc)

Succession. This Agreement shall inure to the benefit of and be binding upon the Company and its successors and assigns and any such successor or assignee shall be deemed substituted for the Company under the terms of this Agreement for all purposes. As used herein, "successor" and "assignee" shall include any person, firm, corporation or other business entity which at any time, whether by purchase, merger or otherwise, directly or indirectly acquires the stock of the Company or to which the Company assigns this Agreement by operation of law or otherwise. The obligations and duties of the Executive hereunder are personal and otherwise not assignable. The Executive's obligations and representations under this Agreement will survive the termination of the Executive's employment, regardless of the manner of such termination.

Appears in 9 contracts

Samples: Employment Agreement (United Rail, Inc.), Employment Agreement (X Rail Entertainment, Inc.), Employment Agreement (X Rail Entertainment, Inc.)

Succession. This Agreement shall inure to the benefit of and be binding upon the Company and its successors and assigns and any such successor or assignee shall be deemed substituted for the Company under the terms of this Agreement for all purposes. As used herein, "successor" and "assignee" shall include any person, firm, corporation or other business entity which at any time, whether by purchase, merger or otherwise, directly or indirectly acquires the stock of the Company or to which the Company assigns this Agreement by operation of law or otherwise. The obligations and duties of Executive hereunder are personal and otherwise not assignable. Executive's obligations and representations under this Agreement will survive the termination of Executive's employment, regardless of the manner of such termination.

Appears in 4 contracts

Samples: Employment Agreement (Meade Instruments Corp), Employment Agreement (Meade Instruments Corp), Employment Agreement (Meade Instruments Corp)

Succession. This Agreement shall inure to the benefit of and be binding upon the Company and its successors and assigns and any such successor or assignee shall be deemed substituted for the Company under the terms of this Agreement for all purposes. As used herein, "successor" and "assignee" shall include any person, firm, corporation or other business entity which at any time, whether by purchase, merger or otherwise, directly or indirectly acquires the stock of the Company or to which the Company assigns this Agreement by operation of law or otherwise. The obligations and duties of Executive Employee hereunder are personal and otherwise not assignable. ExecutiveEmployee's obligations and representations under this Agreement will survive the termination of ExecutiveEmployee's employment, regardless of the manner of such termination.

Appears in 4 contracts

Samples: Employment Agreement (Meade Instruments Corp), Employment Agreement (Javelin Systems Inc), Employment Agreement (Mirage Holdings Inc)

Succession. This Agreement shall inure to the benefit of and be binding upon the Company and its successors and assigns and any such successor or assignee shall be deemed substituted for the Company under the terms of this Agreement for all purposes. As used herein, "successor" and "assignee" shall include any person, firm, corporation or other business entity which at any time, whether by purchase, merger or otherwise, directly or indirectly acquires the stock of the Company or to which the Company assigns this Agreement by operation of law or otherwise. The obligations and duties of Executive Employee hereunder are personal and otherwise not assignable. Executive's Employee’s obligations and representations under this Agreement will survive the termination of Executive's Employee’s employment, regardless of the manner of such termination.

Appears in 4 contracts

Samples: Employment Agreement (FTE Networks, Inc.), Employment Agreement (FTE Networks, Inc.), Employment Agreement (FTE Networks, Inc.)

Succession. This Agreement shall inure to the benefit of and be binding upon the Company and its successors and assigns and any such successor or assignee shall be deemed substituted for the Company under the terms of this Agreement for all purposes. As used herein, "successor" and "assignee" shall include any person, firm, corporation or other business entity which at any time, whether by purchase, merger or otherwise, directly or indirectly acquires a majority of the stock of the Company or to which the Company assigns this Agreement by operation of law or otherwise. The obligations and duties of Executive Employee hereunder are personal and otherwise not assignable. ExecutiveEmployee's obligations and representations under this Agreement will survive the termination of ExecutiveEmployee's employment, regardless of the manner of such termination.

Appears in 2 contracts

Samples: Employment Agreement (Ustman Technologies Inc), Employment Agreement (Ustman Technologies Inc)

Succession. This Agreement shall inure to the benefit of and be binding upon the Company and its successors and assigns and any such successor or assignee shall be deemed substituted for the Company under the terms of this Agreement for all purposes. As used herein, "successor" and "assignee" shall include any person, firm, corporation or other business entity which at any time, whether by purchase, merger or otherwise, directly or indirectly acquires the stock of the Company or to which the Company assigns this Agreement Agreement, by operation of law or otherwise. The obligations and duties of Executive Officer hereunder are personal and otherwise not assignable. ExecutiveOfficer's obligations and representations under this Agreement will survive the termination of ExecutiveOfficer's employment, regardless of the manner of such termination.

Appears in 1 contract

Samples: Employment Agreement (Bikers Dream Inc)

Succession. This Agreement shall inure to the benefit of and be binding upon the Company and its successors and assigns and any such successor or assignee shall be deemed substituted for the Company under the terms of this Agreement for all purposes. As used herein, "successor" and "assignee" shall include any person, firm, corporation or other business entity which at any time, whether by purchase, merger or otherwise, directly or indirectly acquires the stock of the Company or to which the Company assigns this Agreement by operation of law or otherwise. The obligations and duties of Executive Employee hereunder are personal and otherwise not assignable. ExecutiveEmployee's obligations and representations under this Agreement will survive the termination of Executive's Employees employment, regardless of the manner of such termination.

Appears in 1 contract

Samples: Employment Agreement (Watson General Corp)

Succession. This Agreement shall inure to the benefit of and be binding upon ---------- the Company and its successors and assigns and any such successor or assignee shall be deemed substituted for the Company under the terms of this Agreement for all purposes. As used herein, "successor" and "assignee" shall include any person, firm, corporation or other business entity which at any time, whether by purchase, merger or otherwise, directly or indirectly acquires the stock of the Company or to which the Company assigns this Agreement Agreement, by operation of law or otherwise. The obligations and duties of Executive Employee hereunder are personal and otherwise not assignable. ExecutiveEmployee's obligations and representations under this Agreement will survive the termination of ExecutiveEmployee's employment, regardless of the manner of such termination.

Appears in 1 contract

Samples: Employment Agreement (Amdl Inc)

Succession. This Agreement shall inure to the benefit of and be binding upon the Company and its successors and assigns and any such successor or assignee shall be deemed substituted for the Company under the terms of this Agreement for all purposes. As used herein, "successor" and "assignee" shall include any person, firm, corporation or other business entity which at any time, whether by purchase, merger or otherwise, directly or indirectly acquires the stock of the Company or to which the Company assigns this Agreement by operation of law or otherwise. The obligations and duties of Executive Employee hereunder are personal and otherwise not assignable. ExecutiveEmployee's and Company's obligations and representations under this Agreement will survive the termination of Executive's Employees employment, regardless of the manner of such termination.

Appears in 1 contract

Samples: Employment Agreement (Watson General Corp)

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Succession. This Agreement shall inure to the benefit of and be binding upon the Company and its successors Successors and assigns and any such successor or assignee shall be deemed substituted for the Company under the terms of this Agreement for all alI purposes. As used herein, "successor" and "assignee" shall include any person, firm, corporation or other business entity which at any time, whether by purchase, merger or otherwise, directly or indirectly acquires the stock of the Company or to which the Company assigns this Agreement by operation of law or otherwise. The obligations and duties of Executive hereunder are personal and otherwise not assignable. Executive's obligations and representations under this Agreement will survive the termination of Executive's employment, regardless of the manner of such termination.

Appears in 1 contract

Samples: Employment Agreement (Photronics Inc)

Succession. This Agreement shall inure to the benefit of and be binding upon the Company and its successors and assigns and any such successor or assignee shall be deemed substituted for the Company under the terms of this Agreement for all purposes. As used herein, "successor" and "assignee" shall include any person, firm, corporation or other business entity which at any time, whether by purchase, merger or otherwise, directly or indirectly acquires a majority of the stock of the Company or to which the Company assigns this Agreement by operation of law or otherwise. The obligations and duties of Executive Employee hereunder are personal and otherwise not assignable. ExecutiveEmployee's obligations obligations, and representations under this Agreement will survive the termination of ExecutiveEmployee's employment, regardless of the manner of such termination.

Appears in 1 contract

Samples: Employment Agreement (Ustman Technologies Inc)

Succession. This Agreement shall inure to the benefit of and be binding upon the Company and its successors and assigns and any such successor or assignee shall be deemed substituted for the Company under the terms of this Agreement for all purposes. As used herein, "successor" and "assignee" shall include any person, firm, corporation or other business entity which at any time, whether by purchase, merger or otherwise, directly or indirectly acquires the stock of the Company or to which the Company assigns this Agreement by operation of law or otherwise. The obligations and duties of Executive Employee hereunder are personal and otherwise not assignable. Executive's obligations and representations under this Agreement will survive the termination of Executive's employment, regardless of the manner of such termination.

Appears in 1 contract

Samples: Employment Agreement (Meade Instruments Corp)

Succession. This Agreement shall inure to the benefit of and be binding upon the Company and its successors and assigns and any such successor or assignee shall be deemed substituted for the Company under the terms of this Agreement for all purposes. As used herein, "successor" and "assignee" shall include any person, firm, corporation or other business entity which at any time, whether by purchase, merger or otherwise, directly or indirectly acquires the stock of the Company or to which the Company assigns this Agreement by operation of law or otherwise. The obligations and duties of Executive Employee hereunder are personal and otherwise not assignable. ExecutiveEmployee's obligations and representations under this Agreement will survive the termination of Executive's Employees employment, regardless of the manner of such termination.

Appears in 1 contract

Samples: Employment Agreement (Watson General Corp)

Succession. This Agreement shall inure to the benefit of and be binding upon the Company and its successors and assigns and any such successor or assignee shall be deemed substituted for the Company under the terms of this Agreement for all purposes. As used herein, "successor" and "assignee" shall include any person, firm, corporation or other business entity which at any time, whether by purchase, merger or otherwise, directly or indirectly acquires the stock of the Company or to which the Company assigns this Agreement by operation of law or otherwise. The obligations and duties of Executive Employee hereunder are personal and otherwise not assignableassignable by Employee. ExecutiveEmployee's obligations and representations representation under this Agreement will survive the termination of ExecutiveEmployee's employment, regardless of the manner of such termination.

Appears in 1 contract

Samples: Change of Control Agreement (Commonwealth Energy Corp)

Succession. This Agreement shall inure to the benefit of and be binding upon the Company and its successors and assigns and any such successor or assignee shall be deemed substituted for the Company under the terms of this Agreement for all purposes. As used herein, "successor" and "assignee" shall include any person, firm, corporation or other business entity which at any time, whether by purchase, merger or otherwise, directly or indirectly acquires the stock of the Company or to which the Company assigns this Agreement by operation of law or otherwise. The obligations and duties of the Executive hereunder are personal and otherwise not assignable. The Executive's ’s obligations and representations under this Agreement will survive the termination of the Executive's ’s employment, regardless of the manner of such termination.

Appears in 1 contract

Samples: Employment Agreement (Las Vegas Xpress, Inc.)

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