Common use of Employee Clause in Contracts

Employee. Because the Company is contracting for the unique and personal skills of the Employee, the Employee shall be precluded from assigning or delegating his rights or duties hereunder without first obtaining the written consent of the Company; provided, however, that nothing in this paragraph shall preclude (i) the Employee from designating a beneficiary to receive any benefit payable hereunder upon his death, or (ii) the executors, administrators, or other legal representatives of the Employee or his estate from assigning any rights hereunder to the person or persons entitled thereunto.

Appears in 37 contracts

Samples: Employment Agreement (First Financial Corp /In/), Employment Agreement (First Financial Corp /In/), Employment Agreement (First Financial Corp /In/)

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Employee. Because Since the Company is contracting for the unique and personal skills of the Employee, the Employee shall be precluded from assigning or delegating his Employee’s rights or duties hereunder without first obtaining the written consent of the Company; provided, however, that nothing in this paragraph shall preclude (i) the Employee from designating a beneficiary to receive any benefit payable hereunder upon his death, or (ii) the executors, administrators, or other legal representatives of the Employee or his Employee’s estate from assigning any rights hereunder to the person or persons entitled thereunto.

Appears in 12 contracts

Samples: Employment Agreement (Flagstar Bancorp Inc), Employment Agreement (Flagstar Bancorp Inc), Employment Agreement (Flagstar Bancorp Inc)

Employee. Because Since the Company is contracting for the unique and personal skills of the Employee, the Employee shall be precluded from assigning or delegating his rights or duties hereunder without first obtaining the written consent of the Company; provided, however, that nothing in this paragraph shall preclude (i) the Employee from designating a beneficiary to receive any benefit payable hereunder upon his death, or (ii) the executors, administrators, or other legal representatives of the Employee or his estate from assigning any rights hereunder to the person or persons entitled thereunto.

Appears in 12 contracts

Samples: Employment Agreement (First South Bancorp Inc /Va/), Employment Agreement (Greene County Bancshares Inc), Employment Agreement (HCB Bancshares Inc)

Employee. Because Since the Company is contracting for the unique and personal skills of the Employee, the Employee shall be precluded from assigning or delegating his her rights or duties hereunder without first obtaining the written consent of the Company; provided, however, that nothing in this paragraph shall preclude (i) the Employee from designating a beneficiary to receive any benefit payable hereunder upon his her death, or (ii) the executors, administrators, or other legal representatives of the Employee or his her estate from assigning any rights hereunder to the person or persons entitled thereunto.

Appears in 4 contracts

Samples: Employment Agreement (HCB Bancshares Inc), Employment Agreement (HCB Bancshares Inc), Employment Agreement (HCB Bancshares Inc)

Employee. Because Since the Company is contracting for the unique and -------- personal skills of the Employee, the Employee shall be precluded from assigning or delegating his rights or duties hereunder without first obtaining the written consent of the Company; provided, however, that nothing in this paragraph shall preclude (i) the Employee from designating a beneficiary to receive any benefit payable hereunder upon his death, or (ii) the executorsexecutor, administrators, administrator or other legal representatives of the Employee or his estate from assigning any rights hereunder to the person or persons entitled thereunto.

Appears in 1 contract

Samples: Employment Agreement (Firstfed Bancorp Inc)

Employee. Because Since the Company is contracting for the unique and personal skills of the Employee, the Employee shall be precluded from assigning or delegating his rights or duties hereunder without first obtaining the written consent of the Company; provided, however, that nothing in this paragraph shall preclude (i) the Employee from designating a beneficiary to receive any benefit payable hereunder upon his death, or (ii) the executorsexecutor, administrators, administrator or other legal representatives of the Employee or his estate from assigning any rights hereunder to the person or persons entitled thereunto.

Appears in 1 contract

Samples: Employment Agreement (Flagstar Bancorp Inc)

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Employee. Because Since the Company is contracting for the unique and personal skills of the Employee, the Employee shall be precluded from assigning or delegating his the Employee's rights or duties hereunder without first obtaining the written consent of the Company; provided, however, that nothing in this paragraph shall preclude (i) the Employee from designating a beneficiary to receive any benefit payable hereunder upon his death, death or (ii) the executors, administrators, administrators or other legal representatives of the Employee or his the Employee's estate from assigning any rights hereunder to the person or persons entitled thereunto.

Appears in 1 contract

Samples: Employment Agreement (Flagstar Bancorp Inc)

Employee. Because Since the Company is contracting for the unique and --------- personal skills of the Employee, the Employee shall be precluded from assigning or delegating his her rights or duties hereunder without first obtaining the written consent of the Company; provided, however, that nothing in this paragraph shall preclude (i) the Employee from designating a beneficiary to receive any benefit payable hereunder upon his her death, or (ii) the executors, administrators, or other legal representatives of the Employee or his her estate from assigning any rights hereunder to the person or persons entitled thereunto.

Appears in 1 contract

Samples: Employment Agreement (First Lancaster Bancshares Inc)

Employee. Because Since the Company is contracting for the -------- unique and personal skills of the Employee, the Employee shall be precluded from assigning or delegating his rights or duties hereunder without first obtaining the written consent of the Company; provided, however, that nothing in this paragraph shall preclude (i) the Employee from designating a beneficiary to receive any benefit payable hereunder upon his death, or (ii) the executors, administrators, or other legal representatives of the Employee or his estate from assigning any rights hereunder to the person or persons entitled thereunto.

Appears in 1 contract

Samples: Employment Agreement (First Lancaster Bancshares Inc)

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