Binding Effect; Non-Assignability. This Agreement shall be binding upon and inure to the benefit of the Bank and its successors. Neither this Agreement nor any rights arising hereunder may be assigned or pledged by the Executive during his lifetime. This Agreement shall inure to the benefit of and be enforceable by the Executive’s personal or legal representatives, executors, administrators, successors, heirs, distributees, devisees and legatees.
Appears in 13 contracts
Sources: Employment Agreement (Lake Shore Bancorp, Inc.), Employment Agreement (Lake Shore Bancorp, Inc. /MD/), Employment Agreement (Lake Shore Bancorp, Inc.)
Binding Effect; Non-Assignability. This Agreement shall be binding upon the Bank and inure to the benefit of the Bank and its successors. Neither this Agreement nor any rights arising hereunder may be assigned or pledged by the Executive Employee during his lifetime. This Agreement shall inure to the benefit of and be enforceable by the ExecutiveEmployee’s personal or legal representatives, executors, administrators, successors, heirs, distributees, devisees and legatees.
Appears in 3 contracts
Sources: Employment Agreement (Beverly National Corp), Employment Agreement (Beverly National Corp), Employment Agreement (Beverly National Corp)
Binding Effect; Non-Assignability. This Agreement shall be binding upon the Bank and inure to the benefit of the Bank and its successors. Neither this Agreement nor any rights arising hereunder may be assigned or pledged by the Executive Employee during his lifetime. This Agreement shall inure to the benefit of and be enforceable by the Executive’s Employees personal or legal representatives, executors, administrators, successors, heirs, distributees, devisees and legatees.
Appears in 2 contracts
Sources: Employment Agreement (Beverly National Corp), Employment Agreement (Beverly National Corp)