Common use of No Assignment of Agreement Clause in Contracts

No Assignment of Agreement. This Agreement may not be assigned, partitioned, subdivided, pledged, or hypothecated in whole or in part without the express prior written consent of the Executive and the Company. This Agreement shall not be terminated either by the voluntary or involuntary dissolution or the winding up of the affairs of the Company, or by any merger or consolidation wherein the Company is not the surviving entity, or by any transfer of all or substantially all of the Company's assets on a consolidated basis. In the event of any such merger, consolidation or transfer of assets, the provisions of this Agreement shall be binding upon the surviving entity or to the entity to which such assets shall be transferred.

Appears in 1 contract

Samples: Executive Agreement (Staff Leasing Inc)

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No Assignment of Agreement. This Agreement may not be -------------------------- assigned, partitioned, subdivided, pledged, or hypothecated in whole or in part without the express prior written written-consent of the Executive and the CompanyTrust. This Agreement shall not be terminated either by the voluntary or involuntary dissolution or the winding up of the affairs of the CompanyTrust, or by any merger or consolidation wherein the Company Trust is not the surviving entity, or by any transfer of all or substantially all of the CompanyTrust's assets on a consolidated basis. In the event of any such merger, consolidation or transfer of assets, the provisions of this Agreement shall be binding upon and shall inure to the benefit of the surviving entity or to the entity to which such assets shall be transferred.

Appears in 1 contract

Samples: Executive Agreement (Federal Realty Investment Trust)

No Assignment of Agreement. This Executive Agreement may not be -------------------------- assigned, partitioned, subdivided, pledged, or hypothecated in whole or in part without the express prior written consent of the Executive and the CompanyTrust. This Executive Agreement shall not be terminated either by the voluntary or involuntary dissolution or the winding up of the affairs of the CompanyTrust, or by any merger or consolidation wherein the Company Trust is not the surviving entity, or by any transfer of all or substantially all of the CompanyTrust's assets on a consolidated basis. In the event of any such merger, consolidation or transfer of assets, the provisions of this Executive Agreement shall be binding upon and shall inure to the benefit of the surviving entity or to the entity to which such assets shall be transferred.

Appears in 1 contract

Samples: Executive Agreement (Federal Realty Investment Trust)

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No Assignment of Agreement. This Agreement may not be assigned, partitioned, subdivided, subdivided pledged, or hypothecated in whole or in part without the express prior written consent of the Executive and the Company. This Agreement shall not be terminated either by the voluntary or involuntary dissolution or the winding up of the affairs of the Company, or by any merger or consolidation wherein the Company is not the surviving entity, or by any transfer of all or substantially all of the Company's assets on a consolidated basis. In the event of any such merger, consolidation or transfer of assets, the provisions of this Agreement shall be binding upon the surviving entity or to the entity to which such assets shall be transferred.

Appears in 1 contract

Samples: Executive Agreement (QMS Inc)

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