Merger or Sale of Assets. If the Company shall merge or consolidate with another corporation or shall transfer all or substantially all of its assets, this agreement shall be assigned to the successor in the merger or consolidation or the transferee of the assets, the Company shall cause the successor or transferee to assume all of the Company's obligations under this agreement, and the Executive shall thereafter be employed by the successor or transferee in accordance with the terms of this agreement. The Company's failure to obtain such assumption prior to the effectiveness of any such transaction shall be a breach of this agreement by the Company.
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Samples: Employment Agreement (Youth Stream Media Networks Inc), Employment Agreement (Youth Stream Media Networks Inc), Employment Agreement (Youth Stream Media Networks Inc)
Merger or Sale of Assets. If the Company shall merge or consolidate with another corporation or shall transfer all or substantially all of its assets, assets this agreement shall be assigned to the successor in the merger or consolidation or the transferee of the assets, the Company shall cause the successor or transferee to assume all of the Company's obligations under this agreement, and the Executive shall thereafter be employed by the successor or transferee in accordance with the terms of this agreement. The Company's failure to obtain such assumption prior to the effectiveness of any such transaction shall be a breach of this agreement by the Company.
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