Common use of Agreement Binding on Transferees Clause in Contracts

Agreement Binding on Transferees. This Agreement may be transferred or assigned by and shall be binding upon the Company, its successors, transferees and assigns. This Agreement may be transferred and assigned by the Participant, only in connection with a transfer of Options pursuant to Section 5.2 and shall be binding upon any assignee of the Participant, including his executor, administrator, beneficiaries and permitted transferees. Any purported assignment not made in accordance with the preceding sentence shall be null and void.

Appears in 3 contracts

Samples: Non Qualified Stock Option Agreement (iDcentrix, Inc.), Non Qualified Stock Option Agreement (iDcentrix, Inc.), Non Qualified Stock Option Agreement (iDcentrix, Inc.)

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Agreement Binding on Transferees. This Agreement may be transferred or assigned by and shall be binding upon the CompanyCorporation, its successors, transferees and assigns. This Agreement may not be transferred and or assigned by the Participant, only in connection with a transfer Participant other than by will or laws of Options pursuant to Section 5.2 descent and distribution and shall be binding upon any transferee or assignee of the Participant, including his or her heirs, personal representatives, executor, administrator, beneficiaries and permitted transferees, successors or assigns. Any purported assignment not made in accordance with the preceding sentence two sentences shall be null and void.

Appears in 1 contract

Samples: Restricted Stock Agreement (Platinum Pressure Pumping, Inc.)

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