Common use of Binding Obligation of Corporation and Any Successor in Interest Clause in Contracts

Binding Obligation of Corporation and Any Successor in Interest. Corporation expressly agrees that it shall not merge or consolidate into or with another Corporation or sell substantially all of its assets to another Corporation, firm or person until such Corporation, firm or person expressly agrees, in writing, to assume and discharge the duties and obligations of the Corporation under this Agreement. This Agreement shall be binding on its parties, their successors, beneficiaries, heirs and personal representatives.

Appears in 2 contracts

Samples: Salary Continuation Agreement (National Interstate CORP), Employee Retention Agreement (National Interstate CORP)

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Binding Obligation of Corporation and Any Successor in Interest. The Corporation expressly agrees that it shall not merge or consolidate into or with another Corporation company or sell substantially all of its assets to another Corporationcompany, firm or person until such Corporationcompany, firm or person expressly agrees, in writing, to assume and discharge the duties and obligations of the Corporation under this Agreement. This Agreement shall be binding on its partiesupon the parties hereto, their successors, beneficiaries, heirs and personal representatives.

Appears in 1 contract

Samples: Supplemental Executive Retirement Plan Agreement (Metallurg Inc)

Binding Obligation of Corporation and Any Successor in Interest. The Corporation expressly agrees that it shall not merge or consolidate into or with another Corporation or sell substantially all of its assets to another Corporation, firm or person person, until such Corporation, firm or person expressly agrees, in writing, to assume and discharge the duties and obligations of the Corporation under this Agreement. This Agreement shall be binding on its partiesupon the parties hereto, their successors, beneficiaries, heirs and personal representatives.

Appears in 1 contract

Samples: Supplemental Deferred Compensation Agreement (Hudson Valley Holding Corp)

Binding Obligation of Corporation and Any Successor in Interest. The Corporation hereby expressly agrees that it shall not merge or consolidate into or with another Corporation corporation or sell substantially all of its assets to another Corporationcorporation, firm or person person, until such Corporationcorporation, firm or person expressly agrees, agrees in writing, writing to assume and discharge the duties and obligations of the Corporation under this AgreementSERP. This Agreement SERP shall be binding on its partiesupon the parties hereto, their successors, beneficiaries, heirs and personal representatives.

Appears in 1 contract

Samples: Supplemental Executive Retirement Plan (Tessco Technologies Inc)

Binding Obligation of Corporation and Any Successor in Interest. Corporation expressly agrees that it shall not merge or consolidate into or with another Corporation or sell substantially all of its assets to another Corporationcorporation, firm or person until such Corporationcorporation, firm or person expressly agrees, in writing, to assume and discharge the duties and obligations of the Corporation under this Agreement. This Agreement shall be binding on its partiesupon the parties hereto, their successors, beneficiaries, heirs and personal representatives.

Appears in 1 contract

Samples: Salary Continuation Agreement (Omega Flex, Inc.)

Binding Obligation of Corporation and Any Successor in Interest. The Corporation expressly agrees that it shall not merge or consolidate into or with another Corporation corporation or sell substantially all of its assets to another Corporationcorporation, firm firm, or person until such Corporationcorporation, firm or person expressly agrees, in writing, to assume and discharge the duties and obligations of the Corporation under this Agreement. This Agreement shall be binding on its partiesupon the parties hereto, their successors, beneficiaries, heirs heirs, and personal representatives.

Appears in 1 contract

Samples: Deferred Compensation Agreement (Landmark Bancorp Inc)

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Binding Obligation of Corporation and Any Successor in Interest. Corporation expressly agrees that it shall not merge or consolidate into or with another Corporation corporation or sell substantially all of its assets to another Corporationcorporation, firm or person until such Corporationcorporation, firm or person expressly agrees, in writing, to assume and discharge the duties and obligations of the Corporation under this Amended and Restated Life Insurance Agreement. This Amended and Restated Life Insurance Agreement shall be binding on its partiesupon the parties hereto, their successors, beneficiaries, heirs and personal representatives.

Appears in 1 contract

Samples: Life Insurance Agreement (West Suburban Bancorp Inc)

Binding Obligation of Corporation and Any Successor in Interest. Corporation expressly agrees that it shall not merge or consolidate into or with another Corporation or sell substantially all of its assets to another Corporation, firm or person until such Corporation, firm form or person expressly agrees, in writing, to assume and discharge the duties and obligations of the Corporation under this Agreement. This Agreement shall be binding on its partiesupon the parties hereto, their successors, beneficiaries, heirs and personal representatives.

Appears in 1 contract

Samples: Salary Continuation Agreement (Savings Bancorp Inc)

Binding Obligation of Corporation and Any Successor in Interest. Corporation expressly agrees that it shall not merge or consolidate into or with another Corporation corporation or sell substantially all of its assets to another Corporationcorporation, firm or person until such Corporationcorporation, firm or person expressly agrees, in writing, to assume and discharge the duties and obligations of the Corporation under this Agreement. This Agreement shall be binding on its partiesupon the parties hereto, their successors, beneficiaries, heirs and personal representatives.

Appears in 1 contract

Samples: Deferred Compensation Agreement (United Bankshares Inc/Wv)

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