Common use of The Executive Clause in Contracts

The Executive. Neither this Agreement nor any right or interest hereunder may be assigned by the Executive, his beneficiaries, or legal representatives without the prior written consent of the Board; provided, however, that nothing in this Section 10 shall preclude (i) the Executive from designating a beneficiary to receive any benefit payable hereunder upon his death, or (ii) the executors, administrators, or other legal representatives of the Executive or his estate from assigning any rights hereunder to distributees, legatees, beneficiaries, testamentary trustees or other legal heirs of the Executive.

The Executive. Neither this Agreement nor any right or interest hereunder may be assigned by the Executive, his her beneficiaries, or legal representatives without the prior written consent of the Board; provided, however, that nothing in this Section 10 shall preclude (i) the Executive from designating a beneficiary to receive any benefit payable hereunder upon his her death, or (ii) the executors, administrators, or other legal representatives of the Executive or his her estate from assigning any rights hereunder to distributees, legatees, beneficiaries, testamentary trustees or other legal heirs of the Executive.