Successors and Assigns; Binding Agreement. (a) This Agreement shall be binding upon and inure to the benefit of both parties and their respective successors and assigns, including any corporation with which or into which the Company may be merged or which may succeed to its assets or business, provided however, that the obligations of the Employee are personal and shall not be assigned by him. The Company specifically reserves the right to assign its rights under this Agreement, including but limited to, any covenants by the Employee contained in Sections 6, 7 and 8 hereof.
Appears in 4 contracts
Samples: Employment Agreement (Ocean Power Technologies, Inc.), Employment Agreement (Ocean Power Technologies, Inc.), Employment Agreement (Ocean Power Technologies, Inc.)
