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 Employee's personal and legal representatives, executors, administrators, successors, heirs, distributees, devisees and legatees. If the Employee 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 Employee's devisee, legatee, or other designee or, if there be no such designee, to the Employee's estate.

Appears in 7 contracts

Samples: Termination Agreement (Lydall Inc /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 Employee's personal and legal representatives, executors, administrators, successors, heirs, distributees, devisees and legatees. If the Employee 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 Employee's devisee, legatee, or other designee or, if there be no such designee, to the Employee's estate.

Appears in 4 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 Employee's ’s personal and legal representatives, executors, administrators, successors, heirs, distributees, devisees and legatees. If the Employee 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 Employee's ’s devisee, legatee, or other designee or, if there be no such designee, to the Employee's ’s estate.

Appears in 3 contracts

Samples: Employment Agreement (Magellan Petroleum Corp /De/), Employment Agreement (Magellan Petroleum Corp /De/), Termination 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 Employee's personal and legal representatives, executors, administrators, successors, heirs, distributees, devisees and legatees. If the Employee 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 Employee's devisee, legatee, or other designee or, if there be no such designee, to the Employee's estate.

Appears in 2 contracts

Samples: Severance 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 ’s successors and assigns and (b) the Employee's ’s personal and legal representatives, executors, administrators, successors, heirs, distributees, devisees and legatees. If the Employee 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 Employee's ’s devisee, legatee, or other designee or, if there be no such designee, to the Employee's ’s estate.

Appears in 1 contract

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

Appears in 1 contract

Samples: Termination Agreement (Lydall Inc /De/)

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