Common use of Benefits; Binding Effect; Assignment Clause in Contracts

Benefits; Binding Effect; Assignment. This Agreement shall be binding upon and inure to the benefit of the parties and their respective heirs, personal representatives, legal representatives, successors and permitted assigns. Executive shall not assign this Agreement. However, the Company is expressly authorized to assign this Agreement to a Company Affiliate upon written notice to Executive, provided that (i) the assignee assumes all of the obligations of the Company under this Agreement, (ii) Executive’s role when viewed from the perspective of Company Affiliates in the aggregate is comparable to such role immediately before the assignment, and (iii) the Company, for so long as an affiliate of the assignee, remains secondarily liable for the financial obligations hereunder.

Appears in 13 contracts

Samples: Employment Agreement (National Retail Properties, Inc.), Employment Agreement (National Retail Properties, Inc.), Employment Agreement (National Retail Properties, Inc.)

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Benefits; Binding Effect; Assignment. This Agreement shall be binding upon and inure to the benefit of the parties and their respective heirs, personal representatives, legal representatives, successors and permitted assigns. Executive shall not assign this Agreement. However, the Company is expressly authorized to assign this Agreement to a Company Affiliate upon written notice to Executive, provided that (ia) the assignee assumes all of the obligations of the Company under this Agreement, (iib) Executive’s role when viewed from the perspective of Company Affiliates in the aggregate is comparable to such role immediately before the assignment, and (iiic) the Company, for so long as an affiliate of the assignee, remains secondarily liable for the financial obligations hereunder.

Appears in 6 contracts

Samples: Employment Agreement (Renewable Energy Group, Inc.), Employment Agreement (Renewable Energy Group, Inc.), Employment Agreement (Renewable Energy Group, Inc.)

Benefits; Binding Effect; Assignment. This Agreement shall be binding upon and inure to the benefit of the parties and their respective heirs, personal representatives, legal representatives, successors successors, and permitted assigns. Executive shall not assign this Agreement. However, the Company is expressly authorized to assign this Agreement to a Company Affiliate one of its affiliates or subsidiaries upon written notice to Executive, ; provided that (ia) the assignee assumes all of the obligations of the Company under this Agreement, (iib) Executive’s role when viewed from the perspective of Company Affiliates such affiliate or subsidiary in the aggregate is comparable to such role immediately before the assignment, and (iiic) the Company, for so long as an affiliate of the assignee, remains secondarily liable for the financial obligations hereunder.

Appears in 2 contracts

Samples: Retirement and Transition Agreement (NNN Reit, Inc.), Retirement and Transition Agreement (National Retail Properties, Inc.)

Benefits; Binding Effect; Assignment. This Agreement Letter shall be binding upon and inure to the benefit of the parties and their respective heirs, personal representatives, legal representatives, successors and permitted assigns. Executive You shall not assign this AgreementLetter. However, the Company is expressly authorized to assign this Agreement Letter to a Company Affiliate (as defined in the Plan) upon written notice to Executiveyou, provided that (i) the assignee assumes all of the obligations of the Company under this AgreementLetter, (ii) Executive’s your role when viewed from the perspective of Company Affiliates in the aggregate is comparable to such role immediately before the assignment, and (iii) the Company, for so long as an affiliate of the assignee, remains secondarily primarily liable for the financial obligations hereunder.

Appears in 2 contracts

Samples: Employment Agreement (NNN Reit, Inc.), Employment Agreement (NNN Reit, Inc.)

Benefits; Binding Effect; Assignment. This Agreement shall be binding upon and inure to the benefit of the parties and their respective heirs, personal representatives, legal representatives, successors and permitted assigns. Executive shall not assign this AgreementAgreement or any of Executive’s obligations hereunder in whole or in part. However, the Company is expressly authorized to assign this Agreement to a Company Affiliate upon written notice to Executive, provided that (ia) the assignee assumes all of the obligations of the Company under this Agreement, (iib) Executive’s role when viewed from the perspective of Company Affiliates in the aggregate is comparable to such role immediately before the assignment, and (iiic) the Company, for so long as an affiliate of the assignee, remains secondarily liable for the financial obligations hereunder.

Appears in 2 contracts

Samples: Employment Agreement (Vici Properties Inc.), Employment Agreement (Vici Properties Inc.)

Benefits; Binding Effect; Assignment. This Agreement Letter shall be binding upon and inure to the benefit of the parties and their respective heirs, personal representatives, legal representatives, successors and permitted assigns. Executive you shall not assign this AgreementLetter. However, the Company is expressly authorized to assign this Agreement Letter to a Company Affiliate (as defined in the Plan) upon written notice to Executiveyou, provided that (i) the assignee assumes all of the obligations of the Company under this AgreementLetter, (ii) Executive’s your role when viewed from the perspective of Company Affiliates in the aggregate is comparable to such role immediately before the assignment, and (iii) the Company, for so long as an affiliate of the assignee, remains secondarily primarily liable for the financial obligations hereunder.

Appears in 1 contract

Samples: Employment Agreement (National Retail Properties, Inc.)

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Benefits; Binding Effect; Assignment. This Agreement shall be binding upon and inure to the benefit of the parties and their respective heirs, personal representatives, legal representatives, successors and permitted assigns. Executive shall not assign this Agreement. However, the Company is expressly authorized to assign this Agreement to a Company Affiliate upon written notice to Executive, provided that (i) the assignee assumes all of the obligations of the Company under this Agreement, (ii) Executive’s 's role when viewed from the perspective of Company Affiliates in the aggregate is comparable to such role immediately before the assignment, and (iii) the Company, for so long as an affiliate of the assignee, remains secondarily liable for the financial obligations hereunder.

Appears in 1 contract

Samples: Employment Agreement (National Retail Properties, Inc.)

Benefits; Binding Effect; Assignment. This Agreement shall be binding upon and inure to the benefit of the parties and their respective heirs, personal representatives, legal representatives, successors and permitted assigns. Executive shall not assign this Agreement. However, the Company is expressly authorized to assign this Agreement to a Company Affiliate one of its affiliates or subsidiaries upon written notice to Executive, ; provided that (ia) the assignee assumes all of the obligations of the Company under this Agreement, (iib) Executive’s role when viewed from the perspective of Company Affiliates such affiliate or subsidiary in the aggregate is comparable to such role immediately before the assignment, and (iiic) the Company, for so long as an affiliate of the assignee, remains secondarily liable for the financial obligations hereunder.

Appears in 1 contract

Samples: Retirement and Transition Agreement (National Retail Properties, Inc.)

Benefits; Binding Effect; Assignment. This Agreement shall be binding upon and inure to the benefit of the parties and their respective heirs, personal representatives, legal representatives, successors successors, and permitted assigns. Executive shall not assign this Agreement. However, the Company is expressly authorized to assign this Agreement to a Company Affiliate one of its affiliates or subsidiaries upon written notice to Executive, ; provided that (ia) the assignee assumes all of the obligations of the Company under this Agreement, (iib) Executive’s role when viewed from the perspective of Company Affiliates such affiliate or subsidiary in the aggregate is comparable to such role immediately before the assignment, and (iiic) the Company, for so long as an affiliate of the assignee, remains secondarily liable for the financial obligations hereunder.

Appears in 1 contract

Samples: Retirement and Transition Agreement (National Retail Properties, Inc.)

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