Common use of Assignment by the Executive Clause in Contracts

Assignment by the Executive. The Executive may not assign this Agreement or any part thereof without the prior written consent of a majority of the Board of Directors; provided, however, that nothing herein shall preclude one or more beneficiaries of the Executive 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 “beneficiaries,” as used in this Agreement, shall mean a beneficiary or beneficiaries so designated to receive any such amount or, if no beneficiary has been so designated, the legal representative of the Executive (in the event of his incompetency) or the Executive’s estate.

Assignment by the Executive. The Executive may not assign this Agreement or any part thereof without the prior written consent of a majority of the Board of DirectorsDirectors of the Company; provided, however, that nothing herein shall preclude one or more beneficiaries of the Executive 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 “"beneficiaries,” ", as used in this Agreement, shall mean a beneficiary or beneficiaries so designated to receive any such amount or, if no beneficiary has been so designated, the legal representative of the Executive (in the event of his incompetency) or the Executive’s 's estate.

Assignment by the Executive. The Executive may not assign this Agreement or any part thereof hereof without the prior written consent of a majority of the Board of DirectorsCompany; provided, however, that nothing herein shall preclude the Executive from designating one or more beneficiaries of the Executive from receiving to receive any amount that may be payable following the occurrence of his the Executive’s legal incompetency or his death Death and shall not preclude the legal representative of his the Executive’s estate from receiving such amount or from assigning any right hereunder to the person or persons entitled thereto under his the Executive’s will or, in the case of intestacy, to the person or persons entitled thereto under the laws of intestacy applicable to his the Executive’s estate. The term “beneficiaries,” as used in this Agreement, shall mean a beneficiary or beneficiaries so designated to receive any such amount or, if no beneficiary has been so designated, the legal representative of the Executive (in the event of his the Executive’s incompetency) or the Executive’s estate.

Assignment by the Executive. The Executive may not assign this Agreement or any part thereof hereof without the prior written consent of a majority of the Board of DirectorsCompany; provided, however, that nothing herein shall preclude the Executive from designating one or more beneficiaries of the Executive from receiving 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 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 “"beneficiaries,” " as used in this Agreement, shall mean a beneficiary or beneficiaries so designated to receive any such amount or, if no beneficiary has been so designated, the legal representative of the Executive (in the event of his incompetency) or the Executive’s 's estate.

Assignment by the Executive. The Executive may not assign this Agreement or any part thereof without the prior written consent of a majority the Chairman of the Board of Directorsthe Company; provided, however, that nothing herein shall preclude one or more beneficiaries of the Executive 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 “"beneficiaries,” " as used in this Agreement, shall mean a beneficiary or beneficiaries so designated to receive any such amount or, if no beneficiary has been so designated, the legal representative of the Executive (in the event of his incompetency) or the Executive’s 's estate.

Assignment by the Executive. The Executive may not assign this Agreement or any part thereof hereof without the prior written consent of a majority of the Board of DirectorsCompany; provided, however, that nothing herein shall preclude the Executive from designating one or more beneficiaries of the Executive from receiving 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 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 “beneficiaries,” as used in this Agreement, shall mean a beneficiary or beneficiaries so designated to receive any such amount or, if no beneficiary has been so designated, the legal representative of the Executive (in the event of his incompetency) or the Executive’s estate.

Assignment by the Executive. The Executive may not assign this --------------------------- Agreement or any part thereof without the prior written consent of a majority of the Board of DirectorsDirectors of the Company; provided, however, that nothing herein shall preclude one or more beneficiaries of the Executive 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 “"beneficiaries,” ", as used in this Agreement, shall mean a beneficiary or beneficiaries so designated to receive any such amount or, if no beneficiary has been so designated, the legal representative of the Executive (in the event of his incompetency) or the Executive’s 's estate.

Assignment by the Executive. The Executive may not assign this Agreement or any part thereof without the prior written consent of a majority of the Board of DirectorsDirectors of the Company (other than the Executive if he is a member of such Board at the time); provided, however, that nothing herein shall preclude one or more beneficiaries of the Executive 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 “beneficiaries,” ”, as used in this Agreement, shall mean a beneficiary or beneficiaries so designated to receive any such amount or, if no beneficiary has been so designated, the legal representative of the Executive (in the event of his incompetency) or the Executive’s estate.

Assignment by the Executive. The Executive may not assign this Agreement or any part thereof without the prior written consent of a majority the President of the Board of Directorsthe Company; provided, however, that nothing herein shall preclude one or more beneficiaries of the Executive 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 “"beneficiaries,” " as used in this Agreement, shall mean a beneficiary or beneficiaries so designated to receive any such amount or, if no beneficiary has been so designated, the legal representative of the Executive (in the event of his incompetency) or the Executive’s 's estate.

Assignment by the Executive. The Executive may not assign this Agreement or any part thereof hereof without the prior written consent of a majority of the Board of Directors; Company: provided, however, that nothing herein shall preclude the Executive from designating one or more beneficiaries of the Executive from receiving to receive any amount that may be payable following the occurrence of his the Executive's legal incompetency or his death Death and shall not preclude the legal representative of his the Executive's estate from receiving such amount or from assigning any right hereunder to the person or persons entitled thereto under his the Executive's will or, in the case of intestacy, to the person or persons entitled thereto under the laws of intestacy applicable to his the Executive's estate. The term “"beneficiaries,” " as used in this Agreement, Agreement shall mean a beneficiary or beneficiaries so designated to receive any such amount or, if no beneficiary has been so designated, the legal representative of the Executive (in the event of his the Executive's incompetency) or the Executive’s 's estate.

Assignment by the Executive. The Executive may not assign this Agreement or any part thereof hereof without the prior written consent of a majority of the Board of Directors; Company; provided, however, that nothing herein shall preclude the Executive from designating one or more beneficiaries of the Executive from receiving to receive any amount that may be payable following the occurrence of his the Executive’s legal incompetency or his death and shall not preclude the legal representative of his the Executive’s estate from receiving such amount or from assigning any right hereunder to the person or persons entitled thereto under his the Executive’s will or, in the case of intestacy, to the person or persons entitled thereto under the laws of intestacy applicable to his the Executive’s estate. The term “beneficiaries,” as used in this Agreement, shall mean a beneficiary or beneficiaries so designated to receive any such amount or, if no beneficiary has been so designated, the legal representative of the Executive (in the event of his Executive’s incompetency) or the Executive’s estate.

Assignment by the Executive. The Executive may not assign this Agreement or any part thereof without the prior written consent of a majority of the Board of DirectorsBoard; provided, however, that nothing herein shall preclude one or more beneficiaries of the Executive 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 “beneficiaries,” ”, as used in this Agreement, shall mean a beneficiary or beneficiaries so designated to receive any such amount or, if no beneficiary has been so designated, the legal representative of the Executive (in the event of his incompetency) or the Executive’s estate.

Assignment by the Executive. The Executive may not assign this Agreement or any part thereof hereof without the prior written consent of a majority of the Board of DirectorsCompany; provided, however, that nothing herein shall preclude the Executive from designating one or more beneficiaries of the Executive from receiving to receive any amount that may be payable following the occurrence of his Executive’s legal incompetency or his death Death and shall not preclude the legal representative of his Executive’s estate from receiving such amount or from assigning any right hereunder to the person or persons entitled thereto under his Executive’s will or, in the case of intestacy, to the person or persons entitled thereto under the laws of intestacy applicable to his Executive’s estate. The term “beneficiaries,” as used in this Agreement, shall mean a beneficiary or beneficiaries so designated to receive any such amount or, if no beneficiary has been so designated, the legal representative of the Executive (in the event of his Executive’s incompetency) or the Executive’s estate.

Assignment by the Executive. The Executive may not assign this Agreement or any part thereof without the prior written consent of a majority of the Board of DirectorsDirectors of the Company; provided, however, that nothing herein shall preclude one or more beneficiaries of the Executive from receiving any amount that may be payable following the occurrence of his legal incompetency incompetence 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 “beneficiaries,” "Beneficiaries", as used in this Agreement, shall mean a beneficiary or beneficiaries so designated to receive any such amount or, if no beneficiary has been so designated, the legal representative of the Executive (in the event of his incompetency) or the Executive’s estate.any

Assignment by the Executive. The Executive may not assign this Agreement or any part thereof hereof without the prior written consent of a majority of the Board of DirectorsCompany; provided, however, that nothing herein shall preclude the Executive from designating one or more beneficiaries of the Executive from receiving to receive any amount that may be payable following the occurrence of his the Executive's legal incompetency or his death Death and shall not preclude the legal representative of his the Executive's estate from receiving such amount or from assigning any right hereunder to the person or persons entitled thereto under his the Executive's will or, in the case of intestacy, to the person or persons entitled thereto under the laws of intestacy applicable to his the Executive's estate. The term “beneficiaries,” as used in this Agreement, shall mean a beneficiary or beneficiaries so designated to receive any such amount or, if no beneficiary has been so designated, the legal representative of the Executive (in the event of his the Executive's incompetency) or the Executive’s 's estate.

Assignment by the Executive. The Executive may not assign this Agreement or any part thereof hereof without the prior written consent of a majority of the Board of DirectorsCompany; provided, however, that nothing herein shall preclude the Executive from designating one or more beneficiaries of the Executive from receiving to receive any amount that may be payable following the occurrence of his her legal incompetency or his her death and shall not preclude the legal representative of his her estate from receiving such amount or from assigning any right hereunder to the person or persons entitled thereto under his her will or, in the case of intestacy, to the person or persons entitled thereto under the laws of intestacy applicable to his her estate. The term “"beneficiaries,” " as used in this Agreement, shall mean a beneficiary or beneficiaries so designated to receive any such amount or, if no beneficiary has been so designated, the legal representative of the Executive (in the event of his her incompetency) or the Executive’s 's estate.

Assignment by the Executive. The Executive may not assign this Agreement or any part thereof without the prior written consent of a majority of the Board of DirectorsDirectors of the Company; provided, however, that nothing herein shall preclude one or more beneficiaries of the Executive 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 “"beneficiaries,” " as used in this Agreement, shall mean a beneficiary or beneficiaries so designated to receive any such amount or, if no beneficiary has been so designated, the legal representative of the Executive (in the event of his incompetency) or the Executive’s 's estate.

Assignment by the Executive. The Executive may not assign this Agreement or any part thereof hereof without the prior written consent of a majority of the Board of DirectorsCompany; provided, however, that nothing herein shall preclude the Executive from designating one or more beneficiaries of the Executive from receiving 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 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 “"beneficiaries,” " as used in this Agreement, shall mean a beneficiary or beneficiaries so designated to receive any such amount or, if no beneficiary has been so designated, the legal representative of the Executive (in the event of his incompetency) or the Executive’s 's estate. 9.

Assignment by the Executive. The Executive may not assign this Agreement or any part thereof hereof without the prior written consent of a majority of the Board of DirectorsCompany; provided, however, that nothing herein shall preclude the Executive from designating one or more beneficiaries of the Executive from receiving to receive any amount that may be payable following the occurrence of his the Executive’s legal incompetency or his death and shall not preclude the legal representative of his the Executive’s estate from receiving such amount or from assigning any right hereunder to the person or persons entitled thereto under his the Executive’s will or, in the case of intestacy, to the person or persons entitled thereto under the laws of intestacy applicable to his the Executive’s estate. The term “beneficiaries,” as used in this Agreement, shall mean a beneficiary or beneficiaries so designated to receive any such amount or, if no beneficiary has been so designated, the legal representative of the Executive (in the event of his Executive’s incompetency) or the Executive’s estate.

Assignment by the Executive. The Executive may not assign this Agreement or any part thereof hereof without the prior written consent of a majority of the Board of Directors; Company: provided, however, that nothing herein shall preclude the Executive from designating one or more beneficiaries of the Executive from receiving to receive any amount that may be payable following the occurrence of his the Executive's legal incompetency or his death Death and shall not preclude the legal representative of his the Executive's estate from receiving such amount or from assigning any right hereunder to the person or persons entitled thereto under his the Executive's will or, in the case of intestacy, to the person or persons entitled thereto under the laws of intestacy applicable to his the Executive's estate. The term “"beneficiaries,” " as used in this Agreement, shall mean a beneficiary or beneficiaries so designated to receive any such amount or, if no beneficiary has been so designated, the legal representative of the Executive (in the event of his the Executive's incompetency) or the Executive’s 's estate.