Binding Agreement; Successors. (a) This Agreement will be binding upon and inure to the benefit of the Executive (and his personal representative), the Company and any successor organization or organizations which shall succeed to substantially all of the business and property of the Company, whether by means of merger, consolidation, acquisition of all or substantially of all of the assets of the Company or otherwise, including by operation of law.
Appears in 26 contracts
Samples: Management Continuity Agreement (Union Bankshares Corp), Management Continuity Agreement (Union Bankshares Corp), Management Continuity Agreement (Bay Banks of Virginia Inc)
Binding Agreement; Successors. (a) This Agreement will be binding upon and inure to the benefit of the Executive Officer (and his personal representative), the Company and any successor organization or organizations which shall succeed to substantially all of the business and property of the Company, whether by means of merger, consolidation, acquisition of all or substantially of all of the assets of the Company or otherwise, including by operation of law.
Appears in 10 contracts
Samples: Change in Control Agreement (Blue Ridge Bankshares, Inc.), Change in Control Agreement (Blue Ridge Bankshares, Inc.), Change in Control Agreement (Monarch Financial Holdings, Inc.)
Binding Agreement; Successors. (a) This Agreement will be binding upon and inure to the benefit of the Executive (and his his/her personal representative), the Company and any successor organization or organizations which shall succeed to substantially all of the business and property of the Company, whether by means of merger, consolidation, acquisition of all or substantially of all of the assets of the Company or otherwise, including by operation of law.
Appears in 2 contracts
Samples: Management Continuity Agreement (Virginia National Bankshares Corp), Management Continuity Agreement (Virginia National Bankshares Corp)
Binding Agreement; Successors. (a) This Agreement will be binding upon and inure to the benefit of the Executive (and his her personal representative), the Company and any successor organization or organizations which shall succeed to substantially all of the business and property of the Company, whether by means of merger, consolidation, acquisition of all or substantially of all of the assets of the Company or otherwise, including by operation of law.
Appears in 2 contracts
Samples: Management Continuity Agreement (Bay Banks of Virginia Inc), Management Continuity Agreement (Union First Market Bankshares Corp)
Binding Agreement; Successors. (a) This Agreement will be binding upon and inure to the your benefit of the Executive (and his your personal representative), the Company and any successor organization or organizations which that shall succeed to substantially all of the business and and/or property of the Company, whether by means of merger, consolidation, acquisition of all or substantially of all of the assets of the Company or otherwise, including by operation of law.
Appears in 1 contract
Samples: Change in Control Employment Agreement (Community Bankers Trust Corp)
