AAI and the Corporation. This Agreement shall inure to the benefit of and be binding upon AAI, the Corporation, and their respective successors and assigns. AAI shall require any successor to all or substantially all of the Corporation’s and its Affiliates’ business and/or assets, whether direct or indirect, by purchase, merger, consolidation, acquisition of stock, or otherwise, by an agreement in form and substance satisfactory to the Executive, expressly to assume and agree to perform this Agreement in the same manner and to the same extent as AAI and the Corporation would be required to perform if no such succession had taken place.
Appears in 4 contracts
Samples: Employment Agreement (Ascent Assurance Inc), Konrad Kober (Ascent Assurance Inc), Employment Agreement (Ascent Assurance Inc)
AAI and the Corporation. This Agreement shall inure to the benefit of and be binding upon AAI, the Corporation, and their respective successors and assigns. AAI shall require any successor to all or substantially all of the Corporation’s 's and its Affiliates’ ' business and/or assets, whether direct or indirect, by purchase, merger, consolidation, acquisition of stock, or otherwise, by an agreement in form and substance satisfactory to the Executive, expressly to assume and agree to perform this Agreement in the same manner and to the same extent as AAI and the Corporation would be required to perform if no such succession had taken place.
Appears in 2 contracts
Samples: Neill Employment Agreement (Ascent Assurance Inc), Mitchell Employment Agreement (Ascent Assurance Inc)
