Common use of Modification and Assignment Clause in Contracts

Modification and Assignment. This Agreement shall not be modified or amended except by an instrument in writing signed by the parties hereto. This Agreement and all of its terms and conditions shall be binding upon and shall inure to the benefit of the parties hereto and their respective heirs, legal representatives, successors and assigns, including but not limited to any corporation or other entity with or into which the Company is merged or consolidated or any other successor of the Company. The Executive agrees that he will not and may not assign, transfer or convey, pledge or encumber this Agreement or his right, title or interest therein, or his power to execute the same or any monies due or to become due hereunder, this Agreement being intended to secure the personal services of the Executive, and the Company shall not recognize any such assignment, transfer, conveyance, pledge or encumbrance.

Appears in 5 contracts

Samples: Employment Agreement (Graham Corp), Employment Agreement (Graham Corp), Employment Agreement (Graham Corp)

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Modification and Assignment. This Agreement shall not be modified or amended except by an instrument in writing signed by the parties hereto. This Agreement and all of its terms and conditions shall be binding upon and shall inure to the benefit of the parties hereto and their respective heirs, legal representatives, successors and assigns, including but not limited to any corporation or other entity with or into which the Company is merged or consolidated or any other successor of the Company. The Executive agrees that he Executive will not and may not assign, transfer or convey, pledge or encumber this Agreement or his Executive’s right, title or interest therein, or his Executive’s power to execute the same or any monies due or to become due hereunder, this Agreement being intended to secure the personal services of the Executive, and the Company shall not recognize any such assignment, transfer, conveyance, pledge or encumbrance.

Appears in 3 contracts

Samples: Employment Agreement (Graham Corp), Employment Agreement (Graham Corp), Employment Agreement (Graham Corp)

Modification and Assignment. This Agreement shall not be modified or amended except by an instrument in writing signed by the parties hereto. This Agreement and all of its terms and conditions shall be binding upon and shall inure to the benefit of the parties hereto and their respective heirs, legal representatives, successors and assigns, including but not limited to any corporation or other entity with or into which the Company is merged or consolidated or any other successor of the Company. The Executive agrees that he she will not and may not assign, transfer or convey, pledge or encumber this Agreement or his her right, title or interest therein, or his her power to execute the same or any monies due or to become due hereunder, this Agreement being intended to secure the personal services of the Executive, and the Company shall not recognize any such assignment, transfer, conveyance, pledge or encumbrance.

Appears in 1 contract

Samples: Employment Agreement (Graham Corp)

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Modification and Assignment. This Agreement shall cannot be modified or amended except by an instrument in writing signed by the parties heretoparties. This Agreement and all of its terms and conditions shall will be binding upon and shall will inure to the benefit of the parties hereto and their respective heirs, legal representatives, successors and assigns, including but not limited to any corporation or other entity with or into which the Company is merged or consolidated or any other successor of the Company. The Executive agrees that he Executive will not and may not assign, transfer or convey, pledge or encumber this Agreement or his Executive’s right, title or interest therein, or his Executive’s power to execute the same or any monies due or to become due hereunder, under this Agreement. This Agreement being is intended to secure the personal services of the Executive, and the Company shall will not recognize any such assignment, transfer, conveyance, pledge or encumbrance.

Appears in 1 contract

Samples: Employment Agreement (Graham Corp)

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