Common use of Assignment and Assumption of Agreement Clause in Contracts

Assignment and Assumption of Agreement. Concurrently with any Change in Control event or a business combination that may impact the legal implications of this Agreement, the Company, TTEC Parent shall cause any successor or transferee to assume unconditionally, by written instrument delivered to Employee, all of the obligations of the Company and TTEC Parent hereunder. Failure of the Company or TTEC Parent to obtain such assumption prior to the effectiveness of any Change in Control event or other business combination, shall be a breach of this Agreement and shall constitute Good Reason entitling the Employee to resign, within thirty (30) calendar days of consummation of such Change of Control event or business combination, and receive compensation and benefits as provided in Paragraph 6(i).

Appears in 5 contracts

Samples: Executive Employment Agreement, Executive Employment Agreement (TTEC Holdings, Inc.), Executive Employment Agreement (TTEC Holdings, Inc.)

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Assignment and Assumption of Agreement. Concurrently with any Change in Control event or a business combination that may impact the legal implications of this Agreement, the Company, TTEC Parent shall cause any successor or transferee to assume unconditionally, by written instrument delivered to EmployeeExecutive, all of the obligations of the Company and TTEC Parent hereunder. Failure of the Company or TTEC Parent to obtain such assumption prior to the effectiveness of any Change in Control event or other business combination, shall be a breach of this Agreement and shall constitute Good Reason entitling the Employee Executive to resign, within thirty (30) calendar days of consummation of such Change of Control event or business combination, and receive compensation and benefits as provided in Paragraph 6(iSection 7(i).

Appears in 3 contracts

Samples: Executive Employment Agreement, Executive Employment Agreement (TTEC Holdings, Inc.), Executive Employment Agreement (TTEC Holdings, Inc.)

Assignment and Assumption of Agreement. Concurrently with any Change in Control event or a business combination that may impact the legal implications of this Agreement, the Company, TTEC Parent shall cause any successor or transferee to assume unconditionally, by written instrument delivered to EmployeeExecutive, all of the obligations of the Company and TTEC Parent hereunder. Failure of the Company or TTEC Parent to obtain such assumption prior to the effectiveness of any Change in Control event or other business combination, shall be a breach of this Agreement and shall constitute Good Reason entitling the Employee Executive to resign, within thirty (30) calendar days of consummation of such Change of in Control event or business combination, and receive compensation and benefits as provided in Paragraph 6(i).

Appears in 2 contracts

Samples: Executive Employment Agreement (TTEC Holdings, Inc.), Executive Employment Agreement (TTEC Holdings, Inc.)

Assignment and Assumption of Agreement. Concurrently with any Change in Control event or a business combination that may impact the legal implications of this Agreement, the Company, TTEC Parent shall cause any successor or transferee to assume unconditionally, by written instrument delivered to Employee, all of the obligations of the Company and TTEC Parent hereunder. Failure of the Company or TTEC Parent to obtain such assumption prior to the effectiveness of any Change in Control event or other business combination, shall be a breach of this Agreement and shall constitute Good Reason entitling the Employee Executive to resign, within thirty (30) calendar days of consummation of such Change of in Control event or business combination, and receive compensation and benefits as provided in Paragraph 6(i).

Appears in 1 contract

Samples: Executive Employment Agreement (TTEC Holdings, Inc.)

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Assignment and Assumption of Agreement. Concurrently with any Change in Control event or a business combination that may impact the legal implications of this Agreement, the Company, TTEC Parent shall cause any successor or transferee to assume unconditionally, by written instrument delivered to Employee, all of the obligations of the Company and TTEC Parent hereunder. Failure of the Company or TTEC Parent to obtain such assumption prior to the effectiveness of any Change in Control event or other business combination, shall be a breach of this Agreement and shall constitute Good Reason entitling the Employee to resign, within thirty (30) calendar days of consummation of such Change of in Control event or business combination, and receive compensation and benefits as provided in Paragraph 6(i).

Appears in 1 contract

Samples: Executive Employment Agreement (TTEC Holdings, Inc.)

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