Assignment by Company. The Company may assign its rights under this Agreement to an affiliate, and an affiliate may assign its rights under this Agreement to another affiliate of the Company or to the Company; provided, however, that no assignment shall be made if the net worth of the assignee is less than the net worth of the Company at the time of assignment. In the case of any such assignment, the term "Company" when used in a section of this Agreement shall mean the corporation that actually employs the Employee.
Appears in 75 contracts
Samples: Annual Report, Change of Control Agreement (Tab Products Co), Change of Control Agreement (General Surgical Innovations Inc)
Assignment by Company. The Company may assign its rights under this Agreement to an affiliate, and an affiliate may assign its rights under this Agreement to another affiliate of the Company or to the Company; provided, however, that no assignment shall be made if the net worth of the assignee is less than the net worth of the Company at the time of assignment. In the case of any such assignment, the term "“Company" ” when used in a section of this Agreement shall mean the corporation that actually employs the Employee.
Appears in 73 contracts
Samples: Severance Agreement (Tandem Diabetes Care Inc), Employment Severance Agreement, Change of Control and Severance Agreement (Vivus Inc)
Assignment by Company. The Company may assign its rights under this Agreement to an affiliate, and an affiliate may assign its rights under this Agreement to another affiliate of the Company or to the Company; provided, however, that no assignment shall be made if the net worth of the assignee is less than the net worth of the Company at the time of assignment. In the case of any such assignment, the term "“Company" ” when used in a section of this Agreement shall mean the corporation that actually employs the EmployeeExecutive.
Appears in 51 contracts
Samples: Change in Control Agreement (Mullen Automotive Inc.), Employment Severance Agreement (Cost Plus Inc/Ca/), Employment Severance Agreement (Cost Plus Inc/Ca/)
Assignment by Company. The Company may assign its rights under this Agreement to an affiliate, and an affiliate may assign its rights under this Agreement to another affiliate of the Company or to the Company; provided, however, that no assignment shall be made if the net worth of the assignee is less than the net worth of the Company at the time of assignment. In the case of any such assignment, the term "Company" when used in a section of this Agreement shall mean the corporation that actually employs the EmployeeExecutive.
Appears in 23 contracts
Samples: Management Continuity Agreement (Fremont General Corp), Management Continuity Agreement (Fremont General Corp), Management Continuity Agreement (Fremont General Corp)
Assignment by Company. The Company may assign its rights under this Agreement to an affiliate, and an affiliate may assign its rights under this Agreement to another affiliate of the Company or to the Company; , provided, however, that no assignment shall be made if the net worth of the assignee is less than the net worth of the Company at the time of assignment. In the case of any such assignment, the term "“Company" ” when used in a section of this Agreement shall mean the corporation that actually employs the EmployeeExecutive.
Appears in 23 contracts
Samples: Employment Agreement (Lam Research Corp), Employment Agreement (Lam Research Corp), Employment Agreement (Lam Research Corp)
Assignment by Company. The Company may assign its rights under --------------------- this Agreement to an affiliate, and an affiliate may assign its rights under this Agreement to another affiliate of the Company or to the Company; provided, however, that no assignment shall be made if the net worth of the assignee is less than the net worth of the Company at the time of assignment. In the case of any such assignment, the term "Company" when used in a section of this Agreement shall mean the corporation that actually employs the Employee.
Appears in 20 contracts
Samples: Change of Control Agreement (Connect Inc), Severance Agreement (State of the Art Inc /Ca), Change of Control Agreement (Connect Inc)
Assignment by Company. The Company may assign its rights under this Agreement to an affiliate, affiliate and an affiliate may assign its rights under this Agreement to another affiliate of the Company or to the Company; provided, however, that no assignment shall be made if the net worth of the assignee is less than the net worth of the Company at the time of the assignment. In the case of any such assignment, the term "“Company" ” when used in a section of this the Agreement shall mean the corporation that actually employs the EmployeeCovered Person.
Appears in 15 contracts
Samples: Employee Retention and Motivation Agreement (Progress Software Corp /Ma), Employee Retention and Motivation Agreement (Progress Software Corp /Ma), Employee Retention and Motivation Agreement (Progress Software Corp /Ma)
Assignment by Company. The Company may assign its rights --------------------- under this Agreement to an affiliate, and an affiliate may assign its rights under this Agreement to another affiliate of the Company or to the Company; provided, however, that no assignment shall be made if the net worth of the assignee is less than the net worth of the Company at the time of assignment. In the case of any such assignment, the term "Company" when used in a section of this Agreement shall mean the corporation that actually employs the Employee.
Appears in 12 contracts
Samples: Change of Control Agreement (Keravision Inc /Ca/), Change of Control Agreement (Connect Inc), Change of Control Agreement (Connect Inc)
Assignment by Company. The Company may assign its rights under --------------------- this Agreement to an affiliate, and an affiliate may assign its rights under this Agreement to another affiliate of the Company or to the Company; provided, however, that no assignment shall be made if the net worth of the assignee is less than the net worth of the Company at the time of assignment. In the case of any such assignment, the term "Company" when used in a section of this Agreement shall mean the corporation that actually employs the EmployeeExecutive.
Appears in 10 contracts
Samples: Severance Agreement (Cost Plus Inc/Ca/), Severance Agreement (Cost Plus Inc/Ca/), Employment Severance Agreement (Cost Plus Inc/Ca/)
Assignment by Company. The Company may assign its rights under --------------------- this Agreement to an affiliate, and an affiliate may assign its rights under this Agreement agreement to another affiliate of the Company or to the Company; provided, however, that no assignment shall be made if the net worth of the assignee is less than the net worth of the Company at the time of the assignment. In the case event of any such assignment, the term "Company" when used in a section of this Agreement shall mean the corporation that actually employs the Employee.
Appears in 9 contracts
Samples: Employment Agreement (Notify Corp), Employment Agreement (Notify Corp), Employment Agreement (Notify Corp)
Assignment by Company. The Company may assign its rights under this Agreement to an affiliate, and an affiliate may assign its rights under this Agreement to another affiliate of the Company or to the Company; provided, however, that no assignment shall be made if the net worth of the assignee is less than the net worth of the Company at the time of assignment. In the case of any such assignment, the term "Company" when used in a section of this Agreement shall mean the corporation that actually employs the Employee.
Appears in 8 contracts
Samples: Change in Control Agreement (Nuo Therapeutics, Inc.), Change in Control Agreement (Nuo Therapeutics, Inc.), Change of Control Agreement (@Road, Inc)
Assignment by Company. The Company may assign its rights under this Agreement to an affiliate, and an affiliate may assign its rights under this Agreement to another affiliate of the Company or to the Company; provided, however, that no assignment shall be made if the net worth of the assignee is less than the net worth of the Company at the time of assignment. In the case of any such assignment, the term "Company" when used in a section Section of this Agreement shall mean the corporation that actually employs the EmployeeExecutive.
Appears in 8 contracts
Samples: Employment Agreement (Electronics for Imaging Inc), Employment Agreement (Electronics for Imaging Inc), Employment Agreement (Electronics for Imaging Inc)
Assignment by Company. The Company may assign its rights under this Agreement to an affiliate, and an affiliate may assign its rights under this Agreement to another affiliate of the Company or to the Company; provided, however, that the Company shall remain jointly and severally liable under this Agreement, and provided further, that no assignment shall be made if the net worth of the assignee is less than the net worth of the Company at the time of assignment. In the case of any such assignment, the term "Company" when used in a section of this Agreement shall mean the corporation that actually employs the EmployeeExecutive.
Appears in 7 contracts
Samples: Employment Agreement (Queryobject Systems Corp), Employment Agreement (Cross Z International Inc), Employment Agreement (Cross Z International Inc)
Assignment by Company. The Company may assign its rights under this Agreement to an affiliate, and an affiliate may assign its rights under this Agreement to another affiliate of the Company or to the Company; provided, however, that no assignment shall be made if the net worth of the assignee is less than the net worth of the Company at the time of assignment. In the case of any such assignment, the term "“Company" ” when used in a section Section of this Agreement shall mean the corporation that actually employs the EmployeeExecutive.
Appears in 6 contracts
Samples: Employment Agreement (Arthrocare Corp), Employment Agreement (Arthrocare Corp), Employment Agreement (Arthrocare Corp)
Assignment by Company. The Company may assign its rights under this Agreement to an affiliate, and an affiliate may assign its rights under this Agreement to another affiliate of the Company or to the Company; provided, however, that no assignment shall be made if the net worth of the assignee is less than the net worth of the Company at the time of assignment. In the case of any such assignment, the term "“Company" ” when used in a section of this Agreement shall mean the corporation that actually employs the Employee.
Appears in 6 contracts
Samples: Severance Protection Agreement (Digitalglobe, Inc.), Severance Protection Agreement (Digitalglobe, Inc.), Severance Protection Agreement (Digitalglobe Inc)
Assignment by Company. The Company may assign its rights and obligations under this Agreement to an affiliate, and an affiliate may assign its rights and obligations under this Agreement to another affiliate of the Company or to the Company; provided, however, that no assignment shall be made if the net worth of the assignee is less than the net worth of the Company at the time of assignment. In the case of any such assignment, the term "Company" when used in a section Section of this Agreement shall mean the corporation that actually employs the EmployeeOfficer.
Appears in 5 contracts
Samples: Change of Control Agreement (Omm Inc), Change of Control Agreement (Omm Inc), Change of Control Agreement (Omm Inc)
Assignment by Company. The Company may assign its rights under this Agreement to an affiliate, and an affiliate may assign its rights under this Agreement to another affiliate of the Company or to the Company; provided, however, that no assignment shall be made if the net worth of the assignee is less than the net worth of the Company at the time of assignment. In the case of any such assignment, the term "“Company" ” when used in a section of this Agreement shall mean the corporation that actually employs the EmployeeExecutive.
Appears in 5 contracts
Samples: Employment Agreement (Digitalglobe Inc), Employment Agreement (Digitalglobe Inc), Employment Agreement (Digitalglobe Inc)
Assignment by Company. The Company may assign its rights under this Agreement to an affiliate, and an affiliate may assign its rights under this Agreement to another affiliate of the Company or to the Company; provided, however, that no assignment shall be made if the net worth of the assignee is less than the net worth of the Company at the time of assignment. In the case of any such assignment, the term "“Company" ” when used in a section Section of this Agreement shall mean the corporation that actually employs the Employee.
Appears in 4 contracts
Samples: Employment Severance Agreement (Trans1 Inc), Vp Continuity Agreement (Arthrocare Corp), Senior Vp Continuity Agreement (Arthrocare Corp)
Assignment by Company. The Company may assign its rights under this Agreement to an affiliate, and an affiliate may assign its rights under this Agreement agreement to another affiliate of the Company or to the Company; provided, however, that no assignment shall be made if the net worth of the assignee is less than the net worth of the Company at the time of the assignment. In the case event of any such assignment, the term "“Company" ” when used in a section of this Agreement shall mean the corporation that actually employs the Employee.
Appears in 4 contracts
Samples: Employment Agreement (Notify Technology Corp), Employment Agreement (Notify Technology Corp), Employment Agreement (Notify Technology Corp)
Assignment by Company. The Company may assign its rights under this Agreement to an affiliate, provided that the Company shall remain jointly and an affiliate may assign its rights severally liable under this Agreement to another affiliate of the Company or to the Company; providedAgreement, however, and provided further that no assignment shall be made if the net worth of the assignee is less than the net worth of the Company at the time of assignment. In the case of any such assignment, the term "Company" when used in a section of this Agreement shall mean the corporation that actually employs the EmployeeExecutive.
Appears in 4 contracts
Samples: Employment Agreement (Digitec 2000 Inc), Employment Agreement (Digitec 2000 Inc), Employment Agreement (Digitec 2000 Inc)
Assignment by Company. The Company may assign its --------------------- rights under this Agreement to an affiliate, and an affiliate may assign its rights under this Agreement to another affiliate of the Company or to the Company; provided, however, that no assignment shall be made if the net worth of the assignee is less than the net worth of the Company at the time of assignment. In the case of any such assignment, the term "Company" when used in a section of this Agreement shall mean the corporation that actually employs the Employee.
Appears in 3 contracts
Samples: Change of Control Agreement (Connect Inc), Change of Control Agreement (Chemdex Corp), Change of Control Agreement (Connect Inc)
Assignment by Company. The Company may assign its rights under this Agreement to an affiliate, and an affiliate may assign its rights under this Agreement to another affiliate of the Company or to the Company; provided, however, that no assignment shall be made if the net worth of the assignee is less than the net worth of the Company at the time of the assignment. In the case of any such assignment, the term "Company" when used in a section of this Agreement shall mean the corporation that actually employs the Employee.
Appears in 3 contracts
Samples: Management Continuity Agreement (Laserscope), Management Continuity Agreement (Laserscope), Management Continuity Agreement (Laserscope)
Assignment by Company. The Company may assign its rights under this Agreement to an affiliate, and an affiliate may assign its rights under this Agreement agreement to another affiliate of the Company or to the Company; provided, however, that no assignment shall be made if the net worth of the assignee is less than the net worth of the Company at the time of the assignment. In the case event of any such assignment, the term "Company" when used in a section of this Agreement shall mean the corporation that actually employs the Employee.
Appears in 3 contracts
Samples: Employment Agreement (Notify Technology Corp), Employment Agreement (Notify Technology Corp), Employment Agreement (Notify Technology Corp)
Assignment by Company. The Company may assign its rights under this Agreement to an affiliate, and an affiliate may assign its rights under this Agreement to another affiliate of the Company or to the Company; , provided, however, that no assignment shall be made if the net worth of the assignee is less than the net worth of the Company at the time of assignment. In the case of any such assignment, the term "Company" when used in a section of this Agreement shall mean the corporation that actually employs the EmployeeExecutive.
Appears in 3 contracts
Samples: Employment Agreement (Lam Research Corp), Employment Agreement (Lam Research Corp), Employment Agreement (Lam Research Corp)
Assignment by Company. The Company may assign its rights under this Agreement to an affiliate, affiliate and an affiliate may assign its rights under this Agreement to another affiliate of the Company or to the Company; provided, however, that no assignment shall be made if the net worth of the assignee is less than the net worth of the Company at the time of the assignment. In the case of any such assignment, the term "“Company" ” when used in a section of this the Agreement shall mean the corporation that actually employs the EmployeeExecutive.
Appears in 3 contracts
Samples: Separation Agreement (Progress Software Corp /Ma), Severance Agreement (Progress Software Corp /Ma), Separation Agreement (Progress Software Corp /Ma)
Assignment by Company. The Company may assign its rights under this Agreement to an affiliateAffiliate, and an affiliate Affiliate may assign its rights under this Agreement to another affiliate Affiliate of the Company or to the Company; provided, however, that no assignment shall be made if the net worth of the assignee is less than the net worth of either the Company or the assignor Affiliate at the time of assignment. In the case of any such assignment, the term "“Company" ” when used in a section of this Agreement shall mean also include the corporation that actually employs the Employeeassignee Affiliate.
Appears in 3 contracts
Samples: Employment Agreement (Synopsys Inc), Employment Agreement (Synopsys Inc), Relocation Assistance Agreement (Synopsys Inc)
Assignment by Company. The Company may assign its rights under this Agreement to an affiliate, and an affiliate may assign its rights under this Agreement to another affiliate of the Company or to the Company; provided, however, that no assignment shall be made if the net worth tangible assets of the assignee is are less than the net worth of the Company $100 million at the time of assignment. In the case of any such assignment, the term "“Company" ” when used in a section of this Agreement shall mean the corporation that actually employs the Employee.
Appears in 3 contracts
Samples: Change of Control Agreement (Integrated Device Technology Inc), Change of Control Agreement (Integrated Device Technology Inc), Change of Control Agreement (Integrated Device Technology Inc)
Assignment by Company. The Company may assign its rights under this Agreement to an affiliate, and an affiliate may assign its rights under this Agreement to another affiliate of the Company or to the Company; provided, however, that no assignment shall be made if the net worth of the assignee is less than the net worth of the Company at the time of the assignment. In the case of any such assignment, the term "“Company" ” when used in a section of this Agreement shall mean the corporation that actually employs the Employee.
Appears in 2 contracts
Samples: Management Continuity Agreement (Laserscope), Management Continuity Agreement (Laserscope)
Assignment by Company. The Company may assign its rights under this --------------------- Agreement to an affiliate, and an affiliate may assign its rights under this Agreement to another affiliate of the Company or to the Company; provided, however, that no assignment shall be made if the net worth of the assignee is less than the net worth of the Company at the time of assignment. In the case of any such assignment, the term "Company" when used in a section of this Agreement shall mean the corporation that actually employs the EmployeeExecutive.
Appears in 2 contracts
Samples: Severance Agreement (Cost Plus Inc/Ca/), Severance Agreement (Cost Plus Inc/Ca/)
Assignment by Company. The Company may assign its rights under this Agreement to an affiliate, and an affiliate may assign its rights under this Agreement to another affiliate of the Company or to the Company; provided, however, that no assignment shall be made if the net worth of the assignee is less than the net worth of the Company at the time of assignment. In the case of any such assignment, the term "Company" when used in a section Section of this Agreement shall mean the corporation that actually employs the Employee.
Appears in 2 contracts
Samples: Ceo Continuity Agreement (Arthrocare Corp), Vp Continuity Agreement (Arthrocare Corp)
Assignment by Company. The Company may assign its rights under --------------------- this Agreement to an affiliate, and an affiliate may assign its rights under this Agreement to another affiliate of the Company or to the Company; provided, however, that no assignment shall be made if the net worth of the assignee is less than the net worth of the Company at the time of assignment. In the case of any such assignment, the term "Company" when used in a section of this Agreement shall mean the corporation that actually employs the EmployeeDirector.
Appears in 2 contracts
Samples: Change of Control Agreement (Chemdex Corp), Change of Control Agreement (Chemdex Corp)
Assignment by Company. The Company may assign its rights --------------------- under this Agreement to an affiliate, and an affiliate may assign its rights under this Agreement to another affiliate of the Company or to the Company; provided, however, that no assignment shall be made if the net worth of the assignee is less than the net worth of the Company at the time of assignment. In the case of any such assignment, the term "Company" when used in a section of this Agreement shall mean the corporation that actually employs the EmployeeExecutive.
Appears in 2 contracts
Samples: Employment Severance Agreement (Cost Plus Inc/Ca/), Severance Agreement (Cost Plus Inc/Ca/)
Assignment by Company. The Company may assign its rights under this Agreement to an affiliate, and an affiliate may assign its rights under this Agreement to another affiliate of the Company or to the Company; provided, however, that no assignment shall be made if the net worth of the assignee is less than the net worth of the Company at the time of assignment. In the case of any such assignment, the term "Company" when used in a section of this Agreement shall mean the corporation that actually employs the Employee.
Appears in 2 contracts
Samples: Management Continuity Agreement (Celtrix Pharmaceuticals Inc), Change of Control Agreement (Ribogene Inc / Ca/)
Assignment by Company. The Company may assign its rights under this Agreement to an affiliate, and an affiliate may assign its rights under this Agreement to another affiliate of the Company or to the Company; provided, however, that no assignment shall be made if the net worth of the assignee is less than the net worth of the Company at the time of assignment. In the case of any such assignment, the term "Company" when used in a section of this Agreement shall mean the corporation that actually employs the Employee.less
Appears in 1 contract
Samples: Employment Agreement (Cymer Inc)
Assignment by Company. The Company may assign its rights and obligations under this Agreement to an affiliate, and an affiliate may assign its rights and obligations under this Agreement to another affiliate of the Company or to the Company; , provided, however, that no assignment shall be made if the net worth of the assignee is less than the net worth of the Company at the time of assignment. In the case of any such assignment, the term "Company" when used in a section Section of this Agreement shall mean the corporation that actually employs the EmployeeOfficer.
Appears in 1 contract
Assignment by Company. The Company may assign its rights under this Retention Agreement to an affiliate, and an affiliate may assign its rights under this Retention Agreement to another affiliate of the Company or to the Company; provided, however, that no assignment shall be made if the net worth of the assignee is less than the net worth of the Company at the time of assignment. In the case of any such assignment, the term "“Company" ” when used in a section of this Retention Agreement shall will mean the corporation that actually employs the Employeeyou.
Appears in 1 contract
Samples: Retention Agreement (Vivus Inc)
Assignment by Company. The Company may assign its rights under this Agreement to an affiliate, and an affiliate may assign its rights under this Agreement to another affiliate of the Company or to the Company; , provided, however, that no assignment shall be made if the net worth of the assignee is less than the net worth of the Company at the time of assignment. In the case of any such assignment, the term "“Company" ” when used in a section of this Agreement shall mean the corporation that actually employs the EmployeeVice Chairman.
Appears in 1 contract
Assignment by Company. The Company may assign its rights under this Agreement to an affiliate, and an affiliate may assign its rights under this Agreement to another affiliate of the Company or to the Company; provided, however, that no assignment shall be made if the net worth of the assignee is less than the net worth of the Company at the time of assignment. In the case of any such assignment, the term "“Company" ” when used in a section of this Agreement shall mean the corporation that actually employs the Employee.
Appears in 1 contract
Assignment by Company. The Company may assign its rights under this Agreement to an affiliate, affiliate and an affiliate may assign its rights under this Agreement to another affiliate of the Company or to the Company; provided, however, that no assignment shall be made if the net worth of the assignee is less than the net worth of the Company at the time of the assignment. In the case of any such assignment, the term "Company" when used in a section of this the Agreement shall mean the corporation that actually employs the EmployeeCovered Person.
Appears in 1 contract
Samples: Employee Retention and Motivation Agreement (Progress Software Corp /Ma)
Assignment by Company. The Company may assign its rights under this Agreement to an affiliate, and an affiliate may assign its rights under this Agreement to another affiliate of the Company or to the Company; provided, provided however, that no assignment shall be made if the net worth of the assignee is less than the net worth of the Company at the time of assignment. In the case of any such assignment, the term "“Company" ” when used in a section of this Agreement shall mean the corporation that actually employs the Employee.
Appears in 1 contract
Assignment by Company. The Company may assign its rights under this Agreement to an affiliate, and an affiliate may assign its rights under this Agreement to another affiliate of the Company or to the Company; provided, however, that no assignment shall be made if the net worth of the assignee is less than the net worth of the Company at the time of the assignment. In the case of any such assignment, the term "Company" when used in a section of this the Agreement shall mean the corporation that actually employs the Employee.
Appears in 1 contract
Samples: Employee Retention and Motivation Agreement (Progress Software Corp /Ma)
Assignment by Company. The Company may assign its rights under this Agreement to an affiliate, and an affiliate affilate may assign its rights under this Agreement to another affiliate of the Company or to the Company; provided, however, that no assignment shall be made if the net worth of the assignee is less than the net worth of the Company at the time of the assignment. In the case of any such assignment, the term "Company" when used in a section of this Agreement shall mean the corporation that actually employs the Employee.
Appears in 1 contract
Samples: Employment Agreement (Cymer Inc)
Assignment by Company. The Company may assign its rights under this Agreement to an affiliate, and an affiliate may assign its rights under this Agreement to another affiliate of the Company or to the Company; provided, however, that no assignment shall be made if the net worth of the assignee is less than the net worth of the Company at the time of assignment. In the case of any such assignment, the term "Company" when used in a section of this Agreement shall mean the corporation that actually employs the EmployeeExecutive.
Appears in 1 contract
Assignment by Company. The Upon approval of the Executive the Company may assign its rights under this Agreement to an affiliate, and upon approval of the Executive an affiliate may assign its rights under this Agreement to another affiliate of the Company or to the Company; provided, however, that no assignment shall be made if the net worth of the assignee is less than the net worth of the Company at the time of assignment. In the case of any such assignment, the term "“Company" ” when used in a section of this Agreement shall mean the corporation that actually employs the EmployeeExecutive.
Appears in 1 contract
Assignment by Company. The Company may assign its rights under this Agreement to an affiliate, and an affiliate may assign its rights under this Agreement to another affiliate of the Company or to the Company; , provided, however, that no assignment shall be made if the net worth of the assignee is less than the net worth of the Company at the time of assignment. In the case of any such assignment, the term "Company" when used in a section of this Agreement shall mean the corporation that actually employs the Employee.
Appears in 1 contract
Assignment by Company. The Company may assign its rights under this Agreement to an affiliate, and an affiliate may assign its rights under this Agreement to another affiliate of the Company or to the Company; provided, however, that no assignment shall be made if the net worth of the assignee is less than the net worth of the Company at the time of assignment. In the case of any such assignment, the term "“Company" ” when used in a section of this Agreement shall mean the corporation that actually employs the EmployeeParticipant.
Appears in 1 contract
Samples: Change in Control Agreement (Mullen Automotive Inc.)
Assignment by Company. The Company may assign its rights under this Agreement to an affiliate, and an affiliate may assign its rights under this Agreement to another affiliate of the Company or to the Company; provided, however, that no assignment shall be made if the net worth of the assignee is less than the net worth of the Company at the time of assignment. In the case of any such assignment, the term "Company" when used in a section Section of this Agreement shall mean the corporation that actually employs the EmployeeExecutive.
Appears in 1 contract
Samples: Employment Agreement (Conceptus Inc)
Assignment by Company. The Company may assign its rights under this Agreement to an affiliate, and an affiliate may assign its rights under this Agreement agreement to another affiliate of the Company or to the Company; provided, however, that no assignment shall be made if the net worth of the assignee is less than the net worth of the Company at the time of the assignment. In the case event of any such assignment, the term "Company" when used in a section of this Agreement shall mean the corporation that actually employs the Employee.
Appears in 1 contract
Assignment by Company. The Company may assign its rights under this Agreement to an affiliate, and an affiliate may assign its rights under this Agreement to another affiliate of the Company or to the Company; provided, however, that no assignment shall be made if the net worth of the assignee is less than the net worth of the Company at the time of assignment. In the case of any such assignment, the term "Company" when used in a section Section of this Agreement shall mean the corporation that actually employs the Employee.
Appears in 1 contract
Samples: Change of Control Severance Agreement (Silicon Valley Group Inc)