Common use of Right of Company to Assign Clause in Contracts

Right of Company to Assign. Except as provided in the next sentence, the rights, but not the obligations of the Company shall be assignable and transferable to any successor-in-interest without the consent of Employee. In the instance of a sale of the Company or the sale of all or substantially all of the assets of the Company, this Agreement and the rights and obligations of the Company hereunder may be assigned to the acquiring party without Employee's consent, and for purposes of this Agreement, such acquirer shall thereafter be deemed to be the Company.

Appears in 4 contracts

Samples: Employment Agreement (Dyadic International Inc), Employment Agreement (Dyadic International Inc), Employment Agreement (Dyadic International Inc)

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Right of Company to Assign. Except as provided in the next sentence, the rights, but not the obligations of the Company shall be assignable and transferable to any successor-in-interest successor‑in‑interest without the consent of Employee. In the instance of a sale of the Company or the sale of all or substantially all of the assets of the Company, this Agreement and the rights and obligations of the Company hereunder may be assigned to the acquiring party without Employee's ’s consent, and for purposes of this Agreement, such acquirer shall thereafter be deemed to be the Company.

Appears in 1 contract

Samples: Employment Agreement (Dyadic International Inc)

Right of Company to Assign. Except as provided in the next sentence, the rights, but not the obligations of the Company shall be assignable and transferable to any successor-in-interest without the consent of Employeethe Executive. In the instance of a sale of the Company or the sale of all or substantially all of the assets of the CompanyCompany or the BioSciences Business, this Agreement and the rights and obligations of the Company hereunder may be assigned to the acquiring party without Employeethe Executive's consent, and for purposes of this Agreement, such acquirer shall thereafter be deemed to be the Company.

Appears in 1 contract

Samples: Executive Employment Agreement (Dyadic International Inc)

Right of Company to Assign. Except as provided in the next sentence, the rights, but not the obligations of the Company shall be assignable and transferable to any successor-in-interest without the consent of Employeethe Executive. In the instance of a sale of the Company or the sale of all or substantially all of the assets of the Companyits assets, this Agreement and the rights and obligations of the Company hereunder may be assigned to the acquiring party without Employeethe Executive's consent, and for purposes of this Agreement, such acquirer shall thereafter be deemed to be the Company.

Appears in 1 contract

Samples: Executive Employment Agreement (Dyadic International Inc)

Right of Company to Assign. Except as provided in the next sentence, the rights, but not the obligations of the Company Company, shall be assignable and transferable to any successor-in-interest without the consent of Employeethe Executive. In the instance of a sale of the Company or the sale of all or substantially all of the assets of the Company, this Agreement and the rights and obligations of the Company hereunder may be assigned to the acquiring party without Employeethe Executive's consent, and for purposes of this Agreement, such acquirer shall thereafter be deemed to be the Company.

Appears in 1 contract

Samples: Executive Employment Agreement (Dyadic International Inc)

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Right of Company to Assign. Except as provided in the next sentence, the rights, but not the obligations of the Company shall be assignable and transferable to any successor-in-interest without the consent of Employeethe Executive. In the instance of a sale of the Company or the sale of all or substantially all of the assets of the Company, this Agreement and the rights and obligations of the Company hereunder may be assigned to the acquiring party without Employeethe Executive's consent, and for purposes of this Agreement, such acquirer shall thereafter be deemed to be the Company.

Appears in 1 contract

Samples: Executive Employment Agreement (Dyadic International Inc)

Right of Company to Assign. Except as provided in the next sentence, the rights, but not the obligations of the Company shall be assignable and transferable to any successor-in-interest without the consent of Employeethe Executive. In the instance of a sale of the Company or the sale of all or substantially all of the assets of the CompanyCompany or the Enzymes Business, this Agreement and the rights and obligations of the Company hereunder may be assigned to the acquiring party without Employeethe Executive's consent, and for purposes of this Agreement, such acquirer shall thereafter be deemed to be the Company.

Appears in 1 contract

Samples: Executive Employment Agreement (Dyadic International Inc)

Right of Company to Assign. Except as provided in the next sentence, the rights, but not the obligations of the Company shall be assignable and transferable to any successor-in-in- interest without the consent of Employeethe Executive. In the instance of a sale of the Company or the sale of all or substantially all of the assets of the Companyits assets, this Agreement and the rights and obligations of the Company hereunder may be assigned to the acquiring party without Employee's the Executive’s consent, and for purposes of this Agreement, such acquirer shall thereafter be deemed to be the Company.

Appears in 1 contract

Samples: Executive Employment Agreement (Dyadic International Inc)

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