Common use of Assignability; Successors Clause in Contracts

Assignability; Successors. This Agreement, and Employee's rights and obligations hereunder, may not be assigned by Employee. Company may assign its rights, together with its obligations, hereunder in connection with any sale, transfer or other disposition of all or substantially all of its business or assets; in any event the obligations of Company hereunder shall be binding on its successors or assigns, whether by merger, consolidation or acquisition of all or substantially all of its business or assets.

Assignability; Successors. This Agreement, and Employeethe Executive's ------------------------- rights and obligations hereunder, may not be assigned by Employeethe Executive. The Company may assign its rights, together with its obligations, hereunder to any subsidiary or affiliate of the Company or in connection with any sale, transfer or other disposition of all or substantially all of its business or assets; in any event the obligations of the Company hereunder shall be binding on its successors or assigns, whether by assignment to a subsidiary or affiliate of the Company or by merger, consolidation or acquisition of all or substantially all of its business or assets.