Common use of Assignment by the Employee Clause in Contracts

Assignment by the Employee. The Employee may not assign this Agreement or any part thereof without the prior written consent of the Company, which consent may be withheld by the Company for any reason it deems appropriate; provided, however, nothing herein shall preclude the Employee from designating one or more beneficiaries to receive any amount that may be payable following the occurrence of his legal incompetency or his death and shall not preclude the legal representative of his estate from assigning any right hereunder to the person or persons entitled thereto under his will or, in the case of intestacy, to the person or persons entitled thereto under the laws of intestacy applicable to his estate. The term "

Assignment by the Employee. The Employee may not assign this Agreement or any part thereof hereof without the prior written consent of the President of the Company, which consent may be withheld by the Company for any reason it deems appropriate; provided, however, that nothing herein shall preclude the Employee from designating one or more beneficiaries to receive of the Employee from receiving any amount that may be payable following the occurrence of his legal incompetency or his death and shall not preclude the legal representative of his estate from receiving such amount or from assigning any right hereunder to the person or persons entitled thereto under his will or, in the case of intestacy, to the person or persons entitled thereto under the laws of intestacy applicable to his estate. The term ".