Common use of Assumption Required Clause in Contracts

Assumption Required. In addition to obligations imposed by law on a successor to the Company, during the Term of this Agreement the Company will require any successor to all or substantially all of the business or assets of the Company expressly to assume and to agree to perform this Agreement in the same manner and to the same extent that the Company was required to perform. If the Company fails to obtain such an assumption and agreement before the effective date of a succession, you will be entitled to Severance Benefits as if you were terminated by the Company without Cause on the effective date of that succession.

Assumption Required. In addition to obligations imposed by law on a successor to the Company, during the Term of this Agreement the Company will require any successor to all or substantially all of the business or assets of the Company expressly to assume and to agree to perform this Agreement in the same manner and to the same extent that the Company was required to perform. If the Company fails to obtain such an assumption and agreement before the effective date of a succession, you will be entitled to Severance Benefits as if you were terminated by the Company without Cause on the effective date of that succession. Notwithstanding the foregoing, you and the Company or its successor may in writing agree to replace or modify the terms of this Agreement.

Assumption Required. In addition to obligations imposed by law on a successor to the Company, during the Term of this Agreement the Company will require any successor to all the Company, including any Change in Control (whether by sale of assets or substantially all of the business securities, or assets of the Company expressly merger transaction, or otherwise) in writing to assume take on and to agree to perform this Agreement in the same manner and to the same extent that just as the Company was required to perform. If the Company fails to obtain such an the assumption and agreement before the effective date of a succession, you will be entitled to Severance Benefits as if you were terminated by the Company without Cause on the effective date of that succession.

Assumption Required. In addition to obligations imposed by law on a successor to the Company, during the Term of this Agreement the Company will require any successor to all or substantially all of the business or assets of the Company Company, including in connection with any Change in Control transaction (whether by sale of assets or securities, or merger transaction, or otherwise) expressly to assume and to agree to perform this Agreement in the same manner and to the same extent that the Company was required to perform. If the Company fails to obtain such an assumption and agreement before the effective date of a succession, you will be entitled to Severance Benefits as if you were terminated by the Company without Cause on the effective date of that succession.

Assumption Required. In addition to obligations imposed by law on a successor to the Company, during the Term of this Agreement the Company will require any successor to all the Company, including any Change in Control (whether by sale of assets or substantially all of the business securities, or assets of the Company expressly merger transaction, or otherwise) in writing to assume take on and to agree to perform this Agreement in the same manner and to the same extent that just as the Company was required to perform. If the Company fails to obtain such an the assumption and agreement before the effective date of a succession, you will be entitled to Severance Benefits as if you your employment were terminated by the Company without Cause on the effective date of that succession.

Assumption Required. In addition to obligations imposed by law on a successor to the Company, during the Term of this Agreement the Company will require any successor to all or substantially all of the business or assets of the Company expressly to assume and to agree to perform this Agreement in the same manner and to the same extent that the Company was required to perform. If the Company fails to obtain such an assumption and agreement before prior to the effective date of a succession, you will be entitled to Severance Benefits as if you were terminated by the Company without Cause on the effective date of that succession.