Common use of Beneficial Interests Clause in Contracts

Beneficial Interests. This Agreement shall inure to the benefit of and be enforceable by (a) the Company’s successors and assigns and (b) the Executive’s personal and legal representatives, executors, administrators, successors, heirs, distributees, devisees and legatees. If the Executive shall die while any amounts are still payable to his hereunder, all such amounts, unless otherwise provided herein, shall be paid in accordance with the terms of this Agreement to the Executive’s devisee, legatee, or other designee or, if there be no such designee, to the Executive’s estate.

Appears in 8 contracts

Samples: Employment Agreement (Magellan Petroleum Corp /De/), Employment Agreement (Lydall Inc /De/), Employment Agreement (Lydall Inc /De/)

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Beneficial Interests. This Agreement shall inure to the benefit of and be enforceable by (a) the Company’s successors and assigns and (b) the Executive’s personal and legal representatives, executors, administrators, successors, heirs, distributees, devisees and legatees. If the Executive shall die while any amounts are still payable to his him hereunder, all such amounts, unless otherwise provided herein, shall be paid in accordance with the terms of this Agreement to the Executive’s devisee, legatee, or other designee or, if there be no such designee, to the Executive’s estate.

Appears in 6 contracts

Samples: Employment Agreement (Lydall Inc /De/), Employment Agreement (Lydall Inc /De/), Severance Agreement (Lydall Inc /De/)

Beneficial Interests. This Agreement shall inure to the benefit of and be enforceable by (a) the Company’s successors and assigns and (b) the Executive’s personal and legal representatives, executors, administrators, successors, heirs, distributees, devisees and legatees. If the Executive shall die while any amounts are still payable to his him hereunder, all such amounts, unless otherwise provided herein, shall be paid in accordance with the terms of this Agreement to the Executive’s devisee, legatee, or other designee or, if there be no such designee, to the Executive’s estate.

Appears in 5 contracts

Samples: Employment Agreement (Magellan Petroleum Corp /De/), Employment Agreement (Magellan Petroleum Corp /De/), Employment Agreement (Lydall Inc /De/)

Beneficial Interests. This Agreement shall inure to the benefit of and be enforceable by (a) the Company’s successors and assigns assigns, and (b) the Executive’s personal and legal representatives, executors, administrators, successors, heirs, distributees, devisees devisees, and legatees. If the Executive shall die while any amounts are still payable to his him hereunder, all such amounts, unless otherwise provided herein, shall be paid in accordance with the terms of this Agreement to the Executive’s devisee, legatee, or other designee designee, or, if there be is no such designee, to the Executive’s estate.

Appears in 3 contracts

Samples: Employment Agreement (Magellan Petroleum Corp /De/), Employment Agreement (Magellan Petroleum Corp /De/), Employment Agreement (Magellan Petroleum Corp /De/)

Beneficial Interests. This Agreement shall inure to the benefit of and be enforceable by (a) the Company’s successors and assigns and (b) the Executive’s personal and legal representatives, executors, administrators, successors, heirs, distributees, devisees and legatees. If the Executive shall die while any amounts are still payable to his her hereunder, all such amounts, unless otherwise provided herein, shall be paid in accordance with the terms of this Agreement to the Executive’s devisee, legatee, or other designee or, if there be no such designee, to the Executive’s estate.

Appears in 3 contracts

Samples: Employment Agreement (Lydall Inc /De/), Employment Agreement (Lydall Inc /De/), Employment Agreement (Lydall Inc /De/)

Beneficial Interests. This Agreement shall inure to the benefit of and be enforceable by (a) the Company’s 's successors and assigns and (b) the Executive’s 's personal and legal representatives, executors, administrators, successors, heirs, distributees, devisees and legatees. If the Executive shall die while any amounts are still payable to his her hereunder, all such amounts, unless otherwise provided herein, shall be paid in accordance with the terms of this Agreement to the Executive’s 's devisee, legatee, or other designee or, if there be no such designee, to the Executive’s 's estate.

Appears in 3 contracts

Samples: Employment Agreement (Lydall Inc /De/), Employment Agreement (Lydall Inc /De/), Employment Agreement (Lydall Inc /De/)

Beneficial Interests. This Agreement shall inure to the benefit of and be enforceable by (a) the Company’s 's successors and assigns and (b) the Executive’s 's personal and legal le- gal representatives, executors, administrators, successors, heirs, distributees, devisees and legatees. If the Executive shall die while any amounts are still payable to his him hereunder, all such amounts, unless otherwise provided herein, shall be paid in accordance with the terms of this Agreement to the Executive’s 's devisee, legatee, or other designee or, if there be no such designee, to the Executive’s 's estate.

Appears in 3 contracts

Samples: Employment Agreement (Lydall Inc /De/), Employment Agreement (Lydall Inc /De/), Employment Agreement (Lydall Inc /De/)

Beneficial Interests. This Agreement shall inure to the benefit of and be enforceable by (a) the Company’s successors and assigns and (b) the Executive’s Employee's personal and legal representatives, executors, administrators, successors, heirs, distributees, devisees and legatees. If the Executive shall Employee should die while any amounts are still payable to his him hereunder, all such amounts, unless otherwise provided herein, shall be paid in accordance with the terms of this Agreement to the Executive’s Employee's devisee, legatee, or other designee ordesignee, if there be no such designee, to the Executive’s Employee's estate.

Appears in 2 contracts

Samples: Employment Agreement (Muse Technologies Inc), Employment Agreement (Muse Technologies Inc)

Beneficial Interests. This Agreement shall inure to the benefit of -------------------- and be enforceable by (a) the Company’s successors and assigns and (b) the Executive’s 's personal and legal representatives, executors, administrators, successors, heirs, distributees, devisees and legatees. If the Executive shall should die while any amounts are still payable to his him or her hereunder, all such amounts, unless otherwise provided herein, shall be paid in accordance with the terms of this Agreement to the Executive’s 's devisee, legatee, or other designee or, if there be no such designee, to the Executive’s 's estate.

Appears in 2 contracts

Samples: Employment Agreement (New Century Financial Corp), Employment Agreement (New Century Financial Corp)

Beneficial Interests. This Agreement shall inure to the benefit of and be enforceable by (a) the Company’s successors and assigns and (b) the Executive’s 's personal and legal representatives, ,executors, administrators, successors, heirs, distributees, devisees and legatees. If the Executive shall should die while any amounts are still payable to his him or her hereunder, all such amounts, unless otherwise provided herein, shall be paid in accordance with the terms of this Agreement to the Executive’s 's devisee, legatee, or other designee or, if there be no such designee, to the Executive’s 's estate.

Appears in 1 contract

Samples: Agreement of Purchase and Sale of Assets (Bridge Technology Inc)

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Beneficial Interests. This Agreement shall inure to the benefit of --------------------- and be enforceable by (a) the Company’s successors and assigns and (b) the Executive’s 's personal and legal representatives, executors, administrators, successors, heirs, distributees, devisees and legatees. If the Executive shall should die while any amounts are still payable to his him or her hereunder, all such amounts, unless otherwise provided herein, shall be paid in accordance with the terms of this Agreement to the Executive’s 's devisee, legatee, or other designee or, if there be no such designee, to the Executive’s 's estate.. ARTICLE VI

Appears in 1 contract

Samples: Employment Agreement (New Century Financial Corp)

Beneficial Interests. This Agreement shall inure to the benefit of --------------------- and be enforceable by (a) the Company’s successors and assigns and (b) the Executive’s 's personal and legal representatives, executors, administrators, successors, heirs, distributees, devisees and legatees. If the Executive shall should die while any amounts are still payable to his him or her hereunder, all such amounts, unless otherwise provided herein, shall be paid in accordance with the terms of this Agreement to the Executive’s 's devisee, legatee, or other designee or, if there be no such designee, to the Executive’s 's estate.

Appears in 1 contract

Samples: Employment Agreement (New Century Financial Corp)

Beneficial Interests. This Agreement shall inure to the benefit -------------------- of and be enforceable by (a) the Company’s successors and assigns and (b) the Executive’s 's personal and legal representatives, executors, administrators, successors, heirs, distributees, devisees and legatees. If the Executive shall should die while any amounts are still payable to his him hereunder, all such amounts, unless otherwise provided herein, shall be paid in accordance with the terms of this Agreement to the Executive’s 's devisee, legatee, or other designee or, if there be no such designee, to the Executive’s 's estate.

Appears in 1 contract

Samples: Executive Employment Agreement (Inference Corp /Ca/)

Beneficial Interests. This Agreement shall inure to the benefit -------------------- of and be enforceable by (a) the Company’s 's successors and assigns and (b) the Executive’s 's personal and legal representatives, executors, administrators, successors, heirs, distributees, devisees and legatees. If the Executive shall die while any amounts are still payable to his him hereunder, all such amounts, unless otherwise provided herein, shall be paid in accordance with the terms of this Agreement to the Executive’s 's devisee, legatee, or other designee or, if there be no such designee, to the Executive’s 's estate.

Appears in 1 contract

Samples: Employment Agreement (Lydall Inc /De/)

Beneficial Interests. This Agreement shall inure to the benefit of -------------------- and be enforceable by (a) the Company’s successors and assigns and (b) the Executive’s 's personal and legal representatives, executors, administrators, successors, heirs, distributees, devisees and legatees. If the Executive shall should die while any amounts are still payable to his him hereunder, all such amounts, unless otherwise provided herein, shall be paid in accordance with the terms of this Agreement to the Executive’s 's devisee, legatee, or other designee or, if there be no such designee, to the Executive’s 's estate.

Appears in 1 contract

Samples: Executive Employment Agreement (Inference Corp /Ca/)

Beneficial Interests. This Agreement shall inure to the benefit of and be enforceable by (a) the Company’s 's successors and assigns and (b) the Executive’s 's personal and legal le- gal representatives, executors, administrators, successors, heirs, distributees, devisees and legatees. If the Executive shall die while any amounts are still payable to his her hereunder, all such amounts, unless otherwise provided herein, shall be paid in accordance with the terms of this Agreement to the Executive’s 's devisee, legatee, or other designee or, if there be no such designee, to the Executive’s 's estate.

Appears in 1 contract

Samples: Employment Agreement (Lydall Inc /De/)

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