Xxxxxxment. The Company hereby employs Executive, and Executive hereby accepts such employment with the Company for the period provided for in Section 2, all upon the terms and conditions contained in this Agreement. As a condition to Executive's employment by the Company, Executive affirms and represents that Executive is under no obligation to any former employer or other person which is in any way inconsistent with, or which imposes any restriction upon, Executive's acceptance of employment with the Company, the employment of Executive by the Company, or Executive's undertaking under this Agreement.
Xxxxxxment. Neixxxx xxx Xxxxxxxxx, xxx Xxxxxxxxx'x xxxxxx, xxr any other beneficiary under this Agreement shall have any power or right to transfer, assign, hypothecate, modify or otherwise encumber any part or all of the amounts payable hereunder, nor, prior to payment in accordance with the terms of this Agreement, shall any portion of such amounts be: (i) subject to seizure by any creditor of any such beneficiary, by a proceeding at law or in equity, for the payment of any debts, judgments, alimony or separate maintenance obligations which may be owed by the Executive, the Executive's spouse, or any designated beneficiary; or (ii) transferable by operation of law in the event of bankruptcy, insolvency or otherwise. Any such attempted assignment or transfer shall be void and shall terminate this Agreement, and the Employer shall thereupon have no further liability hereunder.
Xxxxxxment. Neither this Agrexxxxx, xxx Xxxion nor any of the rights, interests, or obligations under this Agreement may be assigned or delegated, in whole or in part, by operation of law or otherwise, by Issuer or Grantee without the prior written consent of the other. Any assignment or delegation in violation of the preceding sentence will be void. Subject to the first and second sentences of this Section 11(g), this Agreement will be binding upon, inure to the benefit of, and be enforceable by, the parties and their respective successors and assigns.
Xxxxxxment. This Xxxxxxxxx xhall be bindixx xxxx, xnd inure to the benefit of, the parties' respective successors, permitted assigns, and heirs and legal representatives. This Agreement may be assigned by the Company to, and thereupon shall inure to the benefit of, any organization which succeeds to substantially all of the business or assets of the Company, whether by means of merger, consolidation, acquisition of all or substantially all of the assets of the Company or otherwise, including, without limitation, by operation of law. This Agreement is a personal services contract and may not be assigned by Ermilio nor may the duties of Ermilio hereunder be delegated by Ermilxx xx xny other person.
Xxxxxxment. The Corporation hereby employs the Employee as Chief Financial Officer and the Employee hereby accepts such employment in accordance with the terms and conditions of this Agreement.
Xxxxxxment. To the extent that, after giving effect to the reduction of Revolving Credit Commitments contemplated by Section 3 hereof, the total Revolving Credit Exposure shall exceed the total Revolving Credit Commitments, the Borrower shall have prepaid an amount of the Loans, or provided cover for LC Exposure, so that the total Revolving Credit Exposure does not in exceed the total Revolving Credit Commitments.
Xxxxxxment. Except upon transfers of Shares subject hereto to Permitted Transferees which agree to accept such Shares subject to the terms hereof and to be bound hereby, no party shall assign or transfer any of its rights under this Agreement without the prior written consent of the other parties.
Xxxxxxment. Within 90 days after the Closing Date, Pubco shall appoint an English speaking senior member of management.
Xxxxxxment. This Xxxxxxxxx xxd the rights and duties under this Agreement shall not be assignable by either of the parties to this Agreement except with the written consent of the other party, which consent shall not be unreasonably withheld or delayed. This Section 22 shall not limit or in any way affect TDA Clearing's right to appoint third parties pursuant to Section 1 of this Agreement, This Agreement shall be binding upon, and shall inure to the benefit of, the parties to this Agreement and their respective successors and permitted assigns.
Xxxxxxment. Employee was previously employed by First Financial Computer Services, Inc., which has recently been merged into the Company. Pursuant to the terms of the Merger Agreement, the Company hereby continues to employ Employee and Employee accepts such continued employment from the Company upon the terms and conditions set forth below.
