Common use of Obligation of Successors Clause in Contracts

Obligation of Successors. Subject to Section 6.4, any successor to substantially all of the Company's assets and business, and any successor to substantially all of the assets of the division of the Company in which Executive is employed, whether by merger, consolidation, purchase of assets or otherwise, shall succeed to the rights and obligations of the Company hereunder.

Appears in 9 contracts

Samples: Employment Agreement (Avid Technology Inc), Executive Employment Agreement (Avid Technology Inc), Executive Employment Agreement (Avid Technology Inc)

AutoNDA by SimpleDocs

Obligation of Successors. Subject to Section 6.4, any successor to substantially all of the Company's ’s assets and business, and any successor to substantially all of the assets of the division of the Company in which Executive is employed, whether by merger, consolidation, purchase of assets or otherwise, shall succeed to the rights and obligations of the Company hereunder.

Appears in 9 contracts

Samples: Executive Employment Agreement (Avid Technology Inc), Executive Employment Agreement (Avid Technology Inc), Executive Employment Agreement (Avid Technology Inc)

AutoNDA by SimpleDocs

Obligation of Successors. Subject to Section 6.4, any successor to substantially all of the Company's ’s assets and business, and any successor to substantially all of the assets of the division of the Company in which Executive is employed, whether by merger, consolidation, purchase of assets or otherwise, shall succeed to the rights and obligations of the Company hereunder. Exec.Employ.Agt12.07.05

Appears in 1 contract

Samples: Executive Employment Agreement (Avid Technology Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!