Common use of Binding Effect and Assignability Clause in Contracts

Binding Effect and Assignability. This Agreement shall inure to the benefit of, and shall be binding upon, the Parties hereto and their respective successors, assigns, heirs and legal representatives, including any entity with which Employer may merge or consolidate or to which Employer may transfer all or substantially all of its assets. Insofar as Employee is concerned, this Agreement, being personal, cannot be assigned as to performance or for any other purpose.

Binding Effect and Assignability. This Agreement agreement shall inure to the benefit of, and shall be binding upon, the Parties parties hereto and their respective successors, assigns, heirs and legal representatives, including any entity with which Employer . This agreement requires the personal services of Employee and may merge or consolidate or to which Employer may transfer all or substantially all of its assets. Insofar as Employee is concerned, this Agreement, being personal, cannot be assigned as to performance or for any other purposeby Employee.