Assignment; Benefit. This Agreement shall not be assignable by Executive, and shall be assignable by the Employer only to any affiliate or to any person or entity which may become a successor in interest (by purchase of assets or stock, or by merger, or otherwise) to the Employer in the business or a portion of the business presently operated by it. Subject to the foregoing, this Agreement and the rights and obligations set forth herein shall inure to the benefit of, and be binding upon, the parties hereto and each of their respective permitted successors, assigns, heirs, executors and administrators, including the restrictive covenants of this Agreement.
Appears in 24 contracts
Samples: Change in Control Agreement (Orrstown Financial Services Inc), Employment Agreement (Orrstown Financial Services Inc), Employment Agreement (Orrstown Financial Services Inc)
Assignment; Benefit. This Agreement shall not be assignable by Executive, and shall be assignable by the Employer Company only to any affiliate or to any person or entity which may become a successor in interest (by purchase of assets or stock, or by merger, or otherwise) to the Employer Company in the business or a portion substantially all of the business presently operated by it. Subject to the foregoing, this Agreement and the rights and obligations set forth herein shall inure to the benefit of, and be binding upon, the parties hereto and each of their respective permitted successors, assigns, heirs, executors and administrators, including the restrictive covenants of this Agreement.
Appears in 5 contracts
Samples: Transition Agreement (Intricon Corp), Employment Agreement (Intricon Corp), Employment Agreement (Intricon Corp)
Assignment; Benefit. This Agreement shall not be assignable by Executive, and shall be assignable by the Employer only to any affiliate or to any person or entity which may become a successor in interest (by purchase of assets or stock, or by merger, or otherwise) to the Employer in the business or a portion of the business presently operated by it. Subject to the foregoing, this Agreement and the rights and obligations set forth herein shall inure to the benefit of, and be binding upon, the parties hereto and each of their respective permitted successors, assigns, heirs, executors and administrators, including the restrictive covenants of this Agreement.
Appears in 1 contract
Samples: Change in Control Agreement (Orrstown Financial Services Inc)
