Common use of Assignment by Executive Clause in Contracts

Assignment by Executive. This Agreement shall inure to the benefit of and be enforceable by the Executive's personal or legal representatives, executors, administrators, successors, heirs, distributees, devisees, and legatees. If the Executive should die while any amounts payable to the Executive hereunder remain outstanding, all such amounts, unless otherwise provided herein, shall be paid in accordance with the terms of this Agreement to the Executive's beneficiary, devisee, legatee, or other designee or, in the absence of such designee, to the Executive's estate. The Executive shall not assign any obligations or responsibilities he has under this Agreement.

Appears in 2 contracts

Samples: Control Severance Agreement, Employment Agreement (Edwards Lifesciences Corp)

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Assignment by Executive. This Restated Agreement shall inure to the benefit of and be enforceable by the Executive's personal or legal representatives, executors, administrators, successors, heirs, distributees, devisees, and legatees. If the Executive should die while any amounts payable to the Executive hereunder remain outstanding, all such amounts, unless otherwise provided herein, shall be paid in accordance with the terms of this Restated Agreement to the Executive's beneficiary, devisee, legatee, or other designee or, in the absence of such designee, to the Executive's estate. The Executive shall not assign any obligations or responsibilities he has under this Restated Agreement.

Appears in 2 contracts

Samples: Employment Agreement (Alliance HealthCare Services, Inc.), Employment Agreement (Edwards Lifesciences Corp)

Assignment by Executive. This Agreement shall inure insure to the benefit of and be enforceable by the Executive's ’s personal or legal representatives, executors, administrators, successors, heirs, distributees, devisees, and legatees. If the an Executive should die while any amounts amount is still payable to the Executive hereunder remain outstandinghad the Executive continued to live, all such amounts, unless otherwise provided herein, shall be paid in accordance with the terms of this Agreement Agreement, to the Executive's beneficiary, ’s devisee, legatee, or other designee ordesignee, in the absence of or if there is no such designee, to the Executive's ’s estate. The Executive An Executive’s rights hereunder shall not assign any obligations or responsibilities he has under this Agreementotherwise be assignable.

Appears in 1 contract

Samples: Compensation and Benefits Assurance Agreement (Jack in the Box Inc /New/)

Assignment by Executive. This Agreement shall inure to the benefit of and be enforceable by the Executive's personal or legal representatives, executors, and administrators, successors, heirs, distributees, devisees, and legatees. If the Executive should die while any amounts payable to the Executive hereunder remain outstanding, all such amounts, unless otherwise provided herein, shall be paid in accordance with the terms of this Agreement to the Executive's beneficiary, devisee, legatee, or other designee or, in the absence of such designee, to the Executive's estate. The Executive shall not assign any obligations or responsibilities he has under this Agreement.

Appears in 1 contract

Samples: Employment Agreement (Government Properties Trust Inc)

Assignment by Executive. This Agreement shall inure to the benefit of and be enforceable by the Executive's personal or legal representatives, executors, administrators, successors, heirs, distributees, devisees, and legatees. If the Executive should die while any amounts amount is payable to the Executive hereunder remain outstandinghereunder, all such amounts, unless otherwise provided herein, shall be paid in accordance with the terms of this Agreement Agreement, to the Executive's beneficiary, devisee, legatee, or other designee ordesignee, in the absence of or if there is no such designee, to the Executive's estate. The Executive Executive's rights hereunder shall not assign any obligations or responsibilities he has under this Agreementotherwise be assignable.

Appears in 1 contract

Samples: Control Severance Agreement (Cerulean Companies Inc)

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Assignment by Executive. This Agreement shall inure to the benefit of and be enforceable by the Executive's personal or legal representatives, executors, administrators, successors, heirs, distributees, devisees, and legatees. If the an Executive should die while any amounts amount is still payable to the Executive hereunder remain outstandinghad the Executive continued to live, all such amounts, unless otherwise provided herein, shall be paid in accordance with the terms of this Agreement Agreement, to the Executive's beneficiary, devisee, legatee, or other designee ordesignee, in the absence of or if there is no such designee, to the Executive's estate. The Executive An Executive's rights hereunder shall not assign any obligations or responsibilities he has under this Agreementotherwise be assignable.

Appears in 1 contract

Samples: Benefits Assurance Agreement (Foodmaker Inc /De/)

Assignment by Executive. This Agreement shall inure to the benefit of and be enforceable by the Executive's personal or legal representatives, executors, administrators, successors, heirs, distributees, devisees, and legatees. If the an Executive should die while any amounts amount is still payable to the Executive hereunder remain outstandinghereunder, had the Executive continued to live, all such amounts, unless otherwise provided herein, shall be paid in accordance with the terms of this Agreement to the Executive's beneficiary, devisee, legatee, or other designee ordesignee, in the absence of or if there is no such designee, to the Executive's estate. The Executive An Executive's rights hereunder shall not assign any obligations or responsibilities he has under this Agreementotherwise be assignable.

Appears in 1 contract

Samples: Compensation and Benefits Assurance Agreement (Old Second Bancorp Inc)

Assignment by Executive. This Agreement shall inure to the benefit of ----------------------- and be enforceable by the Executive's personal or legal representatives, executors, and administrators, successors, heirs, distributees, devisees, and legatees. If the Executive should die while any amounts payable to the Executive hereunder remain outstanding, all such amounts, unless otherwise provided herein, shall be paid in accordance with the terms of this Agreement to the Executive's beneficiary, devisee, legatee, or other designee or, in the absence of such designee, to the Executive's estate. The Executive shall not assign any obligations or responsibilities he has under this Agreement.

Appears in 1 contract

Samples: Employment Agreement (Guarantee Life Companies Inc)

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