Common use of Assignment; Successors and Assigns, etc Clause in Contracts

Assignment; Successors and Assigns, etc. Neither the Bank nor the Executive may make any assignment of this Agreement or any interest herein, by operation of law or otherwise, without the prior written consent of the other party; provided, however, that the Bank may assign its rights under this Agreement without the consent of the Executive in the event the Bank shall hereafter effect a reorganization, consolidate with or merge into any other party, or transfer all or substantially all of its properties or assets to any other party.

Appears in 7 contracts

Samples: Employment Agreement (Massbank Corp), Employment Agreement (Massbank Corp), Employment Agreement (Massbank Corp)

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Assignment; Successors and Assigns, etc. Neither the Bank nor the Executive may make any assignment of this Agreement or any interest herein, by operation of law or otherwise, without the prior written consent of the other party; provided, however, provided that the Bank may assign its rights under this Agreement without the consent of the Executive in the event that the Bank shall hereafter effect a reorganization, consolidate with or merge into any other partycorporation, partnership, organization or other entity, or transfer all or substantially all of its properties or assets to any other partycorporation, partnership, organization or other entity. This Agreement shall inure to the benefit of and be binding upon the Bank and the Executive, their respective successors, executors, administrators, heirs and permitted assigns.

Appears in 4 contracts

Samples: Employment Agreement (Meridian Bancorp, Inc.), Employment Agreement (Meridian Interstate Bancorp Inc), Employment Agreement (Meridian Interstate Bancorp Inc)

Assignment; Successors and Assigns, etc. Neither the Bank nor the Executive may make any assignment of this Agreement or any interest herein, by operation of law or otherwise, without the prior written consent of the other party; provided, however, that . This Agreement shall inure to the benefit of and be binding upon the Bank may assign its rights under this Agreement without and the consent of the Executive in the event the Bank shall hereafter effect a reorganizationExecutive, consolidate with or merge into any other partytheir respective successors, or transfer all or substantially all of its properties or assets to any other partyexecutors, administrators, heirs and permitted assigns.

Appears in 1 contract

Samples: Employment Agreement (Emerald Isle Bancorp Inc)

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Assignment; Successors and Assigns, etc. Neither the Bank nor the Executive may make any assignment of this Agreement or any interest herein, ; by operation of law or otherwise, without the prior written consent of the other party; provided, however, that the Bank may assign its rights under this Agreement without the consent of the Executive in the event the Bank shall hereafter effect a reorganization, consolidate with or merge into any other partyPerson, or transfer all or substantially all of its properties or assets to any other partyPerson. This Agreement shall inure to the benefit of and be binding upon the Bank and the Executive, their respective successors, executors, administrators, heirs and permitted assigns.

Appears in 1 contract

Samples: Employment Agreement (GBT Bancorp)

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