Common use of Associated Companies Clause in Contracts

Associated Companies. 3.1 The Company contracts as trustee and agent for the benefit of each Associated Company. 3.2 The Executive acknowledges that the provisions of this Schedule 1 constitute severable undertakings given for the benefit of the Company and all other Associated Companies and may be enforced by the Company on its own behalf or on behalf of any Associated Company. 3.3 The benefit of each agreement and obligation imposed upon the Executive under this Schedule 1 may be assigned to and enforced by all successors and assigns for the time being of the Company and its Associated Companies and such agreements and obligations will operate and remain binding notwithstanding the termination of the Agreement.