Common use of Binding Nature of Agreement Clause in Contracts

Binding Nature of Agreement. This Agreement shall be binding upon the Company and shall inure to the benefit of the Company, its Affiliates, successors and assigns, including any transferee of the business operation, as a going concern, in which Employee is employed and shall be binding upon Employee, Employee’s heirs and personal representatives. None of the rights or obligations of Employee hereunder may be assigned or delegated, except that in the event of Employee’s death or Disability, any rights of Employee hereunder shall be transferred to Employee’s estate or personal representative, as the case may be. The Company may assign its rights and obligations under this Agreement in whole or in part to any one or more Affiliates or successors. Any entity into which the Company is merged or with which the Company is consolidated or which acquires the business of the Company or the business unit in which Employee is to be principally employed shall be deemed to be a successor of the Company for purposes hereof.

Binding Nature of Agreement. This Agreement shall be binding upon the Employer, the Company and the Parent Company and shall inure to the benefit of the Company, its Affiliates, each such party and their successors and assigns, including any transferee of the business operation, as a going concern, in which Employee Executive is employed and shall be binding upon EmployeeExecutive, EmployeeExecutive’s heirs and personal representatives. None of the rights or obligations of Employee Executive hereunder may be assigned or delegated, except that in the event of EmployeeExecutive’s death or Disability, any rights of Employee Executive hereunder shall be transferred to EmployeeExecutive’s estate or personal representative, as the case may be. The Company Employer may assign its rights and obligations under this Agreement in whole or in part to any one the Parent Company or more Affiliates or successorsthe Company without Executive’s prior consent. Any entity into which the Company or the Parent Company is merged merged, or with which the Company or the Parent Company is consolidated consolidated, or which acquires the business of the Company or the Parent Company or the business unit in which Employee Executive is to be principally employed employed, shall be deemed to be a successor of the Employer, the Company or the Parent Company for purposes hereof.

Binding Nature of Agreement. This Agreement shall be binding upon the Company and shall inure to the benefit of the Company, its present and future Affiliates, successors and assigns, assigns including any transferee of the business operation, as a going concern, in which Employee is employed and shall be binding upon Employee, Employee’s heirs and personal representatives. None of the rights or obligations of Employee hereunder may be assigned or delegated, except that in the event of Employee’s death or Disability, any rights of Employee hereunder shall be transferred to Employee’s estate or personal representative, as the case may be. The Company may assign its rights and obligations under this Agreement in whole or in part to any one or more Affiliates or successors. Any entity into which the Company is merged or with which the Company is consolidated or which acquires the business of the Company or the business unit in which Employee is to be principally employed shall be deemed to be a successor of the Company for purposes hereof.

Binding Nature of Agreement. This Agreement shall be binding upon the Company and shall inure to the benefit of the Company, its Affiliatespresent and future Subsidiaries, successors and assigns, including any transferee of the business operation, as a going concern, in which Employee is employed and shall be binding upon Employee, Employee’s heirs and personal representatives. None of the rights or obligations of Employee hereunder may be assigned or delegated, except that in the event of Employee’s death or Disability, any rights of Employee hereunder shall be transferred to Employee’s estate or personal representative, as the case may be. The Company may assign its rights and obligations under this Agreement in whole or in part to any one or more Affiliates Subsidiaries or successors. Any entity into which the Company is merged or with which the Company is consolidated or which acquires the business of the Company or the business unit in which Employee is to be principally employed shall be deemed to be a successor of the Company for purposes hereof.

Binding Nature of Agreement. This Agreement shall be binding upon the Employer and the Company and shall inure to the benefit of the Company, its Affiliates, each such party and their successors and assigns, including any transferee of the business operation, as a going concern, in which Employee Executive is employed and shall be binding upon EmployeeExecutive, EmployeeExecutive’s heirs and personal representatives. None of the rights or obligations of Employee Executive hereunder may be assigned or delegated, except that in the event of EmployeeExecutive’s death or Disability, any rights of Employee Executive hereunder shall be transferred to EmployeeExecutive’s estate or personal representative, as the case may be. The Company Employer may assign its rights and obligations under this Agreement in whole or in part to any one the Parent Company or more Affiliates or successorsthe Company without Executive’s prior consent. Any entity into which the Company or the Parent Company is merged merged, or with which the Company or the Parent Company is consolidated consolidated, or which acquires the business of the Company or the Parent Company or the business unit in which Employee Executive is to be principally employed employed, shall be deemed to be a successor of the Employer, the Company or the Parent Company for purposes hereof.

Binding Nature of Agreement. This Agreement shall be binding upon the Company and shall inure to the benefit of the Company, its AffiliatesSubsidiaries, successors and assigns, including any transferee of the business operation, as a going concern, in which Employee is employed and shall be binding upon Employee, Employee’s heirs and personal representatives. None of the rights or obligations of Employee hereunder may be assigned or delegated, except that in the event of Employee’s death or Disability, any rights of Employee hereunder shall be transferred to Employee’s estate or personal representative, as the case may be. The Company may assign its rights and obligations under this Agreement in whole or in part to any one or more Affiliates Subsidiaries or successors. Any entity into which the Company is merged or with which the Company is consolidated or which acquires the business of the Company or the business unit in which Employee is to be principally employed shall be deemed to be a successor of the Company for purposes hereof.

Binding Nature of Agreement. This Agreement shall be binding upon the Company and shall inure to the benefit of the Company, its AffiliatesSubsidiaries, successors and assigns, including any transferee of the business operation, as a going concern, in which Employee is employed and shall be binding upon Employee, Employee’s heirs and personal representatives. None of the rights or obligations of Employee hereunder may be assigned or delegated, except that in the event of Employee’s death or Disability, any rights of Employee hereunder shall be transferred to Employee’s estate or personal representative, as the case may behe. The Company may assign its rights and obligations under this Agreement in whole or in part to any one or more Affiliates Subsidiaries or successors. Any entity into which the Company is merged or with which the Company is consolidated or which acquires the business of the Company or the business unit in which Employee is to be principally employed shall be deemed to be a successor of the Company for purposes hereof.

Binding Nature of Agreement. This Agreement shall be binding upon the Company and shall inure to the benefit of the Company, its Affiliatespresent and future Subsidiaries, successors and assigns, including any transferee of the business operation, as a going concern, in which Employee is employed and shall be binding upon Employee, Employee’s 's heirs and personal representatives. None of the rights or obligations of Employee hereunder may be assigned or delegated, except that in the event of Employee’s 's death or Disability, any rights of Employee hereunder shall be transferred to Employee’s 's estate or personal representative, as the case may be. The Company may assign its rights and obligations under this Agreement in whole or in part to any one or more Affiliates Subsidiaries or successors. Any entity into which the Company is merged or with which the Company is consolidated or which acquires the business of the Company or the business unit in which Employee is to be principally employed shall be deemed to be a successor of the Company for purposes hereof.

Binding Nature of Agreement. This Agreement shall be binding upon the Company and shall inure to the benefit of the Company, its Affiliatespresent and future Subsidiaries, successors and assigns, assigns including any transferee of the business operation, as a going concern, in which Employee Executive is employed and shall be binding upon EmployeeExecutive, Employee’s Executive's heirs and personal representatives. None of the rights or obligations of Employee Executive hereunder may be assigned or delegated, except that in the event of Employee’s Executive's death or Disability, any rights of Employee Executive hereunder shall be transferred to Employee’s Executive's estate or personal representative, as the case may be. The Company may assign its rights and obligations under this Agreement in whole or in part to any one or more Affiliates Subsidiaries or successors, but no such assignment shall relieve Company of its obligations to Executive if any such assignee fails to perform such obligations. Any entity into which the Company is merged or with which the Company is consolidated or which acquires the business of the Company or the business unit in which Employee Executive is to be principally employed shall be deemed to be a successor of the Company for purposes hereof.