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

Assignment; Successors and Assigns, etc. Neither the Employer 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; but the Employer may assign its rights under this Agreement without the consent of the Executive, in the event that the Employer shall effect a reorganization, consolidate with or merge into any other corporation, partnership, organization or other entity, or transfer all or substantially all of its properties or assets to any other corporation, partnership, organization or other entity, in which event the Employer will obtain a written confirmation of the assumption of the Employer’s obligation hereunder for the benefit of the Executive. This Agreement shall inure to the benefit of and be binding upon the Employer and the Executive, their respective successors, executors, administrators, heirs and permitted assigns.

Assignment; Successors and Assigns, etc. Neither the Employer Company 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; but the Employer Company may assign its rights under this Agreement without the consent of the Executive, in the event that the Employer Company shall effect a reorganization, consolidate with or merge into any other corporation, partnership, organization or other entity, or transfer all or substantially all of its properties or assets to any other corporation, partnership, organization or other entity, in which event the Employer Company will obtain a written confirmation of the assumption of the EmployerCompany’s obligation hereunder for the benefit of the Executive. This Agreement shall inure to the benefit of and be binding upon the Employer Company and the Executive, their respective successors, executors, administrators, heirs and permitted assigns.

Assignment; Successors and Assigns, etc. Neither the Employer Company nor the Executive Employee 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; but the Employer Company may assign its rights under this Agreement without the consent of the ExecutiveEmployee, in the event that the Employer Company shall effect a reorganization, consolidate with or merge into any other corporation, partnership, organization or other entity, or transfer all or substantially all of its properties or assets to any other corporation, partnership, organization or other entity, in which event the Employer Company will obtain a written confirmation of the assumption of the EmployerCompany’s obligation hereunder for the benefit of the ExecutiveEmployee. This Agreement shall inure to the benefit of and be binding upon the Employer Company and the ExecutiveEmployee, and their respective successors, executors, administrators, heirs and permitted assigns.

Assignment; Successors and Assigns, etc. Neither the Employer Company 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; but the Employer Company may assign its rights under wider this Agreement without the consent of the Executive, in the event that the Employer Company shall effect a reorganization, consolidate with or merge into any other corporation, partnership, organization or other entity, or transfer all or substantially all of its properties or assets to any other corporation, partnership, organization or other entity, in which event the Employer Company will obtain a written confirmation of the assumption of the Employer’s Company's obligation hereunder for the benefit of the Executive. This Agreement shall inure to the benefit of and be binding upon the Employer Company and the Executive, their respective successors, executors, administrators, heirs and permitted assigns.