Entire Agreement; Prior Agreement. This Agreement contains the entire understanding between the parties hereto with respect to the subject matter hereof and shall not be modified in any manner except by instrument in writing signed, by or on behalf of the parties hereto; provided, however, that any amendment or termination of the covenant of noncompetition in Section 13 must be approved by a majority of the directors of the Company other than the Executive, if the Executive is then a director of the Company. This Agreement shall be binding upon and inure to the benefit of the heirs, successors and assigns of the parties hereto. This Agreement supersedes and replaces the Prior Agreement and the Prior Agreement shall have no further force or effect after the execution of this Agreement.
Appears in 6 contracts
Samples: Employment Agreement (Hersha Hospitality Trust), Employment Agreement (Hersha Hospitality Trust), Employment Agreement (Hersha Hospitality Trust)
Entire Agreement; Prior Agreement. This Agreement contains the entire understanding between the parties hereto with respect to the subject matter hereof and shall not be modified in any manner except by instrument in writing signed, by or on behalf of the parties hereto; provided, however, that any amendment or termination of the covenant of noncompetition in Section 13 must be approved by a majority of the directors trustees of the Company other than the Executive, if the Executive is then a director trustee of the Company. This Agreement shall be binding upon and inure to the benefit of the heirs, successors and assigns of the parties hereto. This Agreement supersedes and replaces the Prior Agreement and the Prior Agreement shall have no further force or effect after the execution of this Agreement.
Appears in 6 contracts
Samples: Employment Agreement (Hersha Hospitality Trust), Employment Agreement (Hersha Hospitality Trust), Employment Agreement (Hersha Hospitality Trust)
Entire Agreement; Prior Agreement. This Agreement contains the entire understanding between the parties hereto with respect to the subject matter hereof and shall not be modified in any manner except by instrument in writing signed, by or on behalf of the parties hereto; provided, however, that any amendment or termination of the covenant of noncompetition in Section 13 must be approved by a majority of the directors of the Company other than the Executive, if the Executive is then a director of the Company. This Agreement shall be binding upon and inure to the benefit of the heirs, successors and assigns of the parties hereto. This Agreement supersedes supercedes and replaces the Prior Agreement and the Prior Agreement shall have no further force or effect after the execution of this Agreement.
Appears in 4 contracts
Samples: Employment Agreement (Hersha Hospitality Trust), Employment Agreement (Hersha Hospitality Trust), Employment Agreement (Hersha Hospitality Trust)