Common use of Agreement Not Assignable Clause in Contracts

Agreement Not Assignable. Employee may not assign any of his rights or delegate any of his duties hereunder. Subject to Paragraph 6c, the Company may assign this Agreement to any of its Affiliates at any time owned by, owning or under common ownership of the Company. In the event of such an assignment by the Company, such affiliates shall be deemed substituted for the Company at each place where "the Company" appears herein; provided, however, the Company shall not be released from its obligations hereunder. Furthermore, the assignment of this Agreement by the Company shall not enlarge the business activities considered to be conducted by the Company for purposes of Paragraphs 7, 8 and 11 hereof. Subject to the foregoing, this Agreement shall bind parties and their respective heirs, successors, assigns and personal representatives.

Appears in 5 contracts

Samples: Employment Agreement (Hemoxymed Inc), Employment Agreement (Applied Neurosolutions Inc), Employment Agreement (Applied Neurosolutions Inc)

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Agreement Not Assignable. Employee may not assign any of his rights ------------------------ or delegate any of his duties hereunder. Subject to Paragraph Section 6c, the Company may assign this Agreement to any of its Affiliates at any time owned by, owning or under common ownership of with the Company. In the event of such an assignment by the Company, such affiliates shall be deemed substituted for the Company at each place where "the Company" appears herein; provided, however, the Company shall -------- ------- not be released from its obligations hereunder. Furthermore, the assignment of this Agreement by the Company shall not enlarge the business activities considered to be conducted by the Company for purposes of Paragraphs Sections 7, 8 8, and 11 9 hereof. Subject to the foregoing, this Agreement shall bind the parties and their respective heirs, successors, assigns and personal representatives.

Appears in 1 contract

Samples: Employment Agreement (Cell Therapeutics Inc)

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Agreement Not Assignable. Employee may not assign any of his rights or delegate any of his duties hereunder. Subject to Paragraph 6c, the Company may assign this Agreement to any of its Affiliates at any time owned by, owning or under common ownership of the Company. In the event of such an assignment by the Company, such affiliates shall be deemed substituted for the Company at each place where "β€œthe Company" ” appears herein; provided, however, the Company shall not be released from its obligations hereunder. Furthermore, the assignment of this Agreement by the Company shall not enlarge the business activities considered to be conducted by the Company for purposes of Paragraphs 7, 8 and 11 hereof. Subject to the foregoing, this Agreement shall bind parties and their respective heirs, successors, assigns and personal representatives.

Appears in 1 contract

Samples: Employment Agreement (Applied Neurosolutions Inc)

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