Common use of SUCCESSOR RIGHTS Clause in Contracts

SUCCESSOR RIGHTS. This Agreement shall inure to the benefit of and be binding upon the Company, its successors and assigns, the Bank, its successors and assigns and upon the Executive, and his personal or legal representatives, executors, administrators, heirs, distributees, devisees and legatees. If the Executive should die while any amounts would still be payable to him hereunder, all such amounts, unless otherwise provided herein, shall be paid in accordance with the terms of this Agreement to his devisee, legatee or other designee or, if there is no such designee, to his estate.

Appears in 6 contracts

Samples: Executive Employment Agreement (Community Financial Group Inc), Executive Employment Agreement (Community Financial Group Inc), Executive Employment Agreement (Community Financial Group Inc)

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SUCCESSOR RIGHTS. This Agreement shall inure to the benefit of and be binding upon the Company, its successors and assigns, the Bank, its successors and assigns and upon the Executive, and his her personal or legal representatives, executors, administrators, heirs, distributees, devisees and legatees. If the Executive should die while any amounts would still be payable to him her hereunder, all such amounts, unless otherwise provided herein, shall be paid in accordance with the terms of this Agreement to his her devisee, legatee or other designee or, if there is no such designee, to his her estate.

Appears in 4 contracts

Samples: Executive Employment Agreement (Community Financial Group Inc), Executive Employment Agreement (Community Financial Group Inc), Executive Employment Agreement (Community Financial Group Inc)

SUCCESSOR RIGHTS. This Agreement shall inure to the benefit of and be binding upon the Company, its successors and assigns, the Bank, its successors and assigns assigns, and upon the Executive, and his personal or legal representatives, executors, administrators, heirs, distributees, devisees and legatees. If the Executive should die while any amounts would still be payable to him hereunder, all such amounts, unless otherwise provided herein, shall be paid in accordance with the terms of this Agreement to his devisee, legatee or other designee or, if there is no such designee, to his estate.

Appears in 4 contracts

Samples: Executive Employment Agreement (Community Financial Group Inc), Executive Employment Agreement (Community Financial Group Inc), Executive Employment Agreement (Community Financial Group Inc)

SUCCESSOR RIGHTS. This Agreement shall inure to the benefit of and be binding upon the Company, its successors and assigns, the Bank, its successors and assigns and upon the enforceable by Executive, and his ’s personal or legal representatives, executors, administrators, successors, heirs, distributees, devisees and legatees, and shall be binding upon Bankshares and any successor to Bankshares. If the Executive should die while any amounts would still be payable to him hereunder, Executive hereunder all such amounts, unless otherwise provided herein, shall be paid in accordance with the terms of this Agreement to his Executive’s devisee, legatee or other designee or, if there is no such designee, to his Executive’s estate.

Appears in 4 contracts

Samples: Employment Agreement (Heritage Bankshares Inc /Va), Employment Agreement (Heritage Bankshares Inc /Va), Employment Agreement (Heritage Bankshares Inc /Va)

SUCCESSOR RIGHTS. This Agreement shall inure to the benefit of and be binding upon the Company, its successors and assigns, the Bank, its successors and assigns and upon the enforceable by Executive, and his ’s personal or legal representatives, executors, administrators, successors, heirs, distributees, devisees and legatees, and shall be binding upon the Company and any successor to the Company. If the Executive should die while any amounts would still be payable to him hereunder, Executive hereunder all such amounts, unless otherwise provided herein, shall be paid in accordance with the terms of this Agreement to his Executive’s devisee, legatee or other designee or, if there is no such designee, to his Executive’s estate.

Appears in 3 contracts

Samples: Employment Agreement (Meetinghouse Bancorp, Inc.), Employment Agreement (Meetinghouse Bancorp, Inc.), Employment Agreement (Meetinghouse Bancorp, Inc.)

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SUCCESSOR RIGHTS. This Agreement shall inure to the benefit of and be binding upon the Company, its successors and assigns, the Bank, its successors and assigns and upon the enforceable by Executive, and his ’s personal or legal representatives, executors, administrators, successors, heirs, distributees, devisees and legatees, and shall be binding upon the Bank and any successor to the Bank. If the Executive should die while any amounts would still be payable to him hereunder, Executive hereunder all such amounts, unless otherwise provided herein, shall be paid in accordance with the terms of this Agreement to his Executive’s devisee, legatee or other designee or, if there is no such designee, to his Executive’s estate.

Appears in 3 contracts

Samples: Employment Agreement (ASB Bancorp Inc), Employment Agreement (Heritage Bankshares Inc /Va), Employment Agreement (Heritage Bankshares Inc /Va)

SUCCESSOR RIGHTS. This Agreement shall inure to the benefit of and be binding upon the Company, its successors and assigns, the Bank, its successors and assigns and upon the enforceable by Executive, and his 's personal or legal representatives, executors, administrators, successors, heirs, distributees, devisees and legatees, and shall be binding upon Bancorp and any successor to Bancorp. If the Executive should die while any amounts would still be payable to him hereunder, Executive hereunder all such amounts, unless otherwise provided herein, shall be paid in accordance with the terms of this Agreement to his Executive's devisee, legatee or other designee or, if there is no such designee, to his Executive's estate.

Appears in 2 contracts

Samples: Employment Agreement (Cenit Bancorp Inc), Employment Agreement (Cenit Bancorp Inc)

SUCCESSOR RIGHTS. This Agreement shall inure to the benefit of and be binding upon the Company, its successors and assigns, the Bank, its successors and assigns and upon ---------------- enforceable-by the Executive, and his 's personal or legal representatives, executors, administrators, successors, heirs, distributees, devisees and legatees. If the if Executive should die while any amounts would still be payable to him hereunderunder either ARTICLE I or ARTICLE II of this Agreement, all such amounts, unless otherwise provided herein, shall be paid in accordance with the terms of this Agreement to his devisee, legatee or other designee or, if there is no such designee, to his estate.

Appears in 1 contract

Samples: Employment Contract (BSB Bancorp Inc)

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