Common use of Burden and Benefit Clause in Contracts

Burden and Benefit. This Agreement shall be binding upon, and shall inure to the benefit of, the Company and its successors and assigns. The Company shall have the right to assign its rights hereunder to any successor in interest, whether by merger, consolidation, sale of assets, or otherwise as long as such assignment provides that all payments under this Agreement are still due.

Appears in 4 contracts

Samples: Employee Retention Agreement (Midland Co), Employee Retention Agreement (Midland Co), Employee Retention Agreement (Midland Co)

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Burden and Benefit. This Agreement shall be binding upon, and shall inure to the benefit of, the Company and its Executive, and their respective successors and assigns. The Company shall have the right to assign its rights hereunder to any successor in interest, whether by merger, consolidation, sale of assets, or otherwise as long as such assignment provides that all payments under this otherwise. This Agreement are still dueshall not be assignable by the Executive.

Appears in 3 contracts

Samples: Agreement (Viola Group Inc), Agreement (Viola Group Inc), Agreement (Viola Group Inc)

Burden and Benefit. This Agreement shall be binding upon, upon and shall inure to the benefit of, of the Company and its successors and assigns, and upon Employee and Employee's successors and assigns. The Company shall have the absolute right to assign its rights hereunder to any successor in interest, whether by merger, consolidation, sale of assets, or otherwise as long as such assignment provides that all payments under this Agreement are still duehereunder.

Appears in 2 contracts

Samples: Stock Purchase Agreement (Dovebid Inc), Confidentiality and Proprietary Information Agreement (Dovebid Inc)

Burden and Benefit. This Agreement shall be binding upon, and shall inure to the benefit of, the Company and its Employee, and their respective successors and assigns. The Company shall have the right to assign its rights hereunder to any successor in interest, whether by merger, consolidation, sale of assets, or otherwise as long as such assignment provides that all payments under this Agreement are still dueotherwise.

Appears in 2 contracts

Samples: Employment Agreement (Galaxy Gaming, Inc.), Employment Agreement (Galaxy Gaming, Inc.)

Burden and Benefit. This Agreement shall be binding upon, and shall inure to the benefit of, the Company and its Employee, and their respective successors and assigns. The Company shall have the this right to assign its rights hereunder to any successor in interest, whether by merger, consolidation, sale of assets, or otherwise as long as such assignment provides that all payments under this Agreement are still dueotherwise.

Appears in 1 contract

Samples: Employment Agreement (Secured Diversified Investment LTD)

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Burden and Benefit. This Agreement shall be binding upon, and shall inure to the benefit of, the Company and Company, its successors and assigns, and you and your heirs. The Company shall have the right to assign its rights hereunder to any successor in interest, whether by merger, consolidation, sale of assets, or otherwise as long as such assignment provides that all payments under this Agreement are still dueotherwise.

Appears in 1 contract

Samples: Mills Corp

Burden and Benefit. This Agreement shall be binding upon, and shall inure to the benefit of, the Company and Company, its successors and assigns, and you, and your heirs. The Company shall have the right to assign its rights hereunder to any successor in interest, whether by merger, consolidation, sale of assets, or otherwise as long as such assignment provides that all payments under this Agreement are still dueotherwise.

Appears in 1 contract

Samples: Mills Corp

Burden and Benefit. This Agreement shall be binding upon, upon and shall inure to the benefit ofof HOSPICE and Employee, the Company and its their respective successors and assigns. The Company HOSPICE shall have the right to assign its rights hereunder to any successor in interest, whether by merger, consolidation, sale of assets, assets or otherwise as long as such assignment provides that all payments under this Agreement are still dueotherwise.

Appears in 1 contract

Samples: Agreement

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