Common use of Assignment and Successors Clause in Contracts

Assignment and Successors. The Company shall have the right to assign its rights and obligations under this Agreement to an entity that, directly or indirectly, acquires all or substantially all of the assets of the Company. The rights and obligations of the Company under this Agreement shall inure to the benefit and shall be binding upon the successors and assigns of the Company. Executive shall not have any right to assign his obligations under this Agreement and shall only be entitled to assign his rights under this Agreement upon his death, to his estate or designated beneficiary, or as otherwise agreed to by the Company.

Appears in 18 contracts

Samples: Employment Agreement (Cadence Design Systems Inc), Employment Agreement, Employment Agreement (Cadence Design Systems Inc)

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Assignment and Successors. The Company shall have the right to assign its rights and obligations under this Agreement to an entity that, directly or indirectly, acquires all or substantially all of the assets of the Company. The rights and obligations of the Company under this Agreement shall inure to the benefit and shall be binding upon the successors and assigns of the Company. Executive shall not have any right to assign his obligations under this Agreement and shall only be entitled to assign his rights under this Agreement upon his death, solely to his estate or designated beneficiarythe extent permitted by this Agreement, or as otherwise agreed to by the Company.

Appears in 8 contracts

Samples: Employment Agreement (Cadence Design Systems Inc), Employment Agreement (Cadence Design Systems Inc), Employment Agreement (Fastclick Inc)

Assignment and Successors. The Company shall have the right to assign its rights and obligations under this Agreement to an entity that, directly or indirectly, which acquires all or substantially all of the assets of the Company. The rights and obligations obligation of the Company under this Agreement shall inure to the benefit and shall be binding upon the successors and assigns of the Company. Executive shall not have any right to assign his obligations under this Agreement and shall only be entitled to assign his rights under this Agreement upon his death, to his estate by will or designated beneficiary, or as otherwise agreed to by the CompanyLaws of descent and distribution.

Appears in 2 contracts

Samples: Employment Agreement (Tality Corp), Employment Agreement (Cadence Design Systems Inc)

Assignment and Successors. The Company shall have the right to assign its rights and obligations under this Agreement to an entity that, directly or indirectly, that acquires all or substantially all of the assets of the Company. The rights and obligations of the Company under this Agreement shall inure to the benefit and shall be binding upon the successors and assigns of the Company. Executive shall not have any right to assign his obligations under this Agreement and shall only be entitled to assign his rights under this Agreement upon his death, to his estate or designated beneficiaryas permitted by this Agreement, or as otherwise agreed to by the Company.

Appears in 2 contracts

Samples: Employment Agreement (Cadence Design Systems Inc), Employment Agreement (Cadence Design Systems Inc)

Assignment and Successors. The Company shall have the right to assign its rights and obligations under this Agreement to an entity that, directly or indirectly, acquires all or substantially all of the assets or the business of the Company. The rights and obligations of the Company under this Agreement shall inure to the benefit and shall be binding upon the successors and assigns of the Company. Executive shall not have any right to assign his obligations under this Agreement and shall only be entitled to assign his rights under this Agreement upon his death, solely to his estate or designated beneficiarythe extent permitted by this Agreement, or as otherwise agreed to by the Company.

Appears in 2 contracts

Samples: Separation Agreement (Welltower Inc.), Retirement and Consulting Agreement (Health Care Reit Inc /De/)

Assignment and Successors. The Company shall have the right to assign its rights and obligations under this Agreement to an entity that, directly or indirectly, which acquires all or substantially all of the assets of the Company. The rights and obligations obligation of the Company under this Agreement shall inure to the benefit and shall be binding upon the successors and assigns of the Company. Executive shall not have any right to assign his obligations under this Agreement and shall only be entitled to assign his rights under this Agreement upon his death, to his estate by will or designated beneficiary, or as otherwise agreed to by the Companylaws of descent and distribution.

Appears in 1 contract

Samples: Employment Agreement (Cadence Design Systems Inc)

Assignment and Successors. The Company shall have the right to assign its rights and obligations under this Agreement to an entity that, directly or indirectly, which acquires all or substantially all of the assets of the Company, whether by merger or otherwise including, without limitation MarkxxXxxxx.xxx, Xxc. or other corporation formed for the purpose of converting the Company from a limited liability company into a corporation. The rights and obligations of the Company under this Agreement shall inure to the benefit and shall be binding upon the successors and assigns of the Company. Executive shall not have any right to assign his obligations under this Agreement and shall only be entitled to assign his rights under this Agreement upon his death, to his estate or designated beneficiary, or as otherwise agreed to by the Company.

Appears in 1 contract

Samples: Employment Agreement (Marketwatch Com Inc)

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Assignment and Successors. The Company shall have the right to assign its rights and obligations under this Agreement to an entity that, directly or indirectly, acquires all or substantially all of the assets or the business of the Company. The rights and obligations of the Company under this Agreement shall inure to the benefit and shall be binding upon the successors and assigns of the Company. Executive shall not have any right to assign his her obligations under this Agreement and shall only be entitled to assign his her rights under this Agreement upon his her death, solely to his estate or designated beneficiarythe extent permitted by this Agreement, or as otherwise agreed to by the Company.

Appears in 1 contract

Samples: Transition Agreement (Welltower Inc.)

Assignment and Successors. The Company shall have the right to assign its rights and obligations under this Agreement to an entity that, directly or indirectly, which acquires all or substantially all of the assets of the Company. The rights and obligations obligation of the Company under this Agreement shall inure to the benefit and shall be binding upon the successors and assigns of the Company. Executive shall not have any right to assign his obligations under this Agreement and shall only be entitled to assign his rights under this Agreement upon his deathby will, to his estate or designated beneficiarythe laws of descent and distribution, or as otherwise agreed to any method of transfer approved by the Company.

Appears in 1 contract

Samples: Executive Employment Agreement (Ipass Inc)

Assignment and Successors. The Company shall have the right to assign its rights and obligations under this Agreement to an entity that, directly or indirectly, which acquires all or substantially all of the assets of the Company, whether by merger or otherwise including, without limitation MarkxxXxxxx.xxx, Inc. or other corporation formed for the purpose of converting the Company from a limited liability company into a corporation. The rights and obligations of the Company under this Agreement shall inure to the benefit and shall be binding upon the successors and assigns of the Company. Executive shall not have any right to assign his obligations under this Agreement and shall only be entitled to assign his rights under this Agreement upon his death, to his estate or designated beneficiary, or as otherwise agreed to by the Company.

Appears in 1 contract

Samples: Employment Agreement (Marketwatch Com Inc)

Assignment and Successors. The Company shall have the right to assign its rights and obligations under this Agreement to an entity that, directly or indirectly, acquires all or substantially all of the assets of the Company. The rights and obligations of the Company under this Agreement shall inure to the benefit and shall be binding upon the successors and assigns of the CompanyCadence. Executive shall not have any right to assign his Executive’s obligations under this Agreement and shall only be entitled to assign his Executive’s rights under this Agreement upon his Executive’s death, solely to his estate or designated beneficiarythe extent permitted by this Agreement, or as otherwise agreed to in writing by the Company.

Appears in 1 contract

Samples: Transition and Release Agreement (Cadence Design Systems Inc)

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