Common use of Successors and Binding Agreement Clause in Contracts

Successors and Binding Agreement. (a) The Company shall require any successor (whether direct or indirect, by purchase, merger, consolidation or otherwise) to all or substantially all of the business or assets of the Company, by agreement in form and substance satisfactory to Executive, to assume and agree to perform this Agreement.

Appears in 34 contracts

Samples: Management Continuity Agreement (Enpro Industries, Inc), Management Continuity Agreement (Enpro Industries, Inc), Management Continuity Agreement (Enpro Industries, Inc)

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Successors and Binding Agreement. (a) The Company shall will require any successor all successors (whether direct or indirect, by purchase, merger, consolidation consolidation, reorganization or otherwise) to all or substantially all any substantial portion of the business or assets of the Company, by agreement in form and substance satisfactory to ExecutiveEmployee, jointly and severally expressly to assume and agree to perform this Agreement.Agreement in the same manner and to the same extent the Company would be required to perform if no such succession had taken place. This Agreement will be binding upon and inure to the benefit of the Company and any successor to the Company,

Appears in 4 contracts

Samples: Severance Agreement (Manor Care Inc), Severance Agreement (Manor Care Inc), Severance Agreement (Manor Care Inc)

Successors and Binding Agreement. (a) This Agreement shall inure to the benefit of an be binding upon the Company and its successors. The Company shall will require any successor (whether direct or indirect, by purchase, merger, consolidation consolidation, or otherwise) to all or substantially all of the business or and/or of the assets of the Company, by agreement in form and substance satisfactory Company to Executive, to expressly assume and agree to perform this Agreement.

Appears in 2 contracts

Samples: Severance and Retention Agreement (Enstar Inc), Severance Agreement (Enstar Inc)

Successors and Binding Agreement. (a) The Company shall will require any successor (whether direct or indirect, by purchase, merger, consolidation consolidation, reorganization or otherwise) to all or substantially all of the business or assets of the Company, by agreement in form and substance reasonably satisfactory to the Executive, expressly to assume and agree to perform this Agreement.Agreement in the same manner and to the same extent the Company would be required to perform if no such succession had taken place. This Agreement will be binding upon

Appears in 1 contract

Samples: Employment Agreement (Interstate Hotels Management Inc)

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Successors and Binding Agreement. (a) The Company shall will require any successor (whether direct or indirect, by purchase, merger, consolidation consolidation, reorganization, spin-off or otherwise) to all or substantially all of the business or assets of the Company, by agreement in form and substance reasonably satisfactory to the Executive, expressly to assume and agree to perform this Agreement.to

Appears in 1 contract

Samples: Employment Agreement (Interstate Hotels Management Inc)

Successors and Binding Agreement. (a) The Company shall Employer will require any successor to all or substantially all of the businesses or assets of Employer (whether direct or indirect, by purchase, merger, consolidation consolidation, reorganization or otherwise) to all or substantially all of the business or assets of the Company), by agreement in form and substance reasonably satisfactory to Executive, to assume and agree to perform this Agreement.expressly

Appears in 1 contract

Samples: Employment Agreement (Elder Beerman Stores Corp)

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