Common use of Successors and Assigns; Binding Effect Clause in Contracts

Successors and Assigns; Binding Effect. This Agreement will be binding upon and inure to the benefit of the Company and its successors and assigns, and the Executive, and his heirs and administrators. The Company may assign this Agreement to any corporation which is in a consolidated group with the Company or which acquires the Company, subject to the Executive's rights under Section 6.06 hereof.

Successors and Assigns; Binding Effect. This Agreement will shall be ------------------------------------- binding upon and inure to the benefit of the Company and its Executive and their respective heirs, legal representatives, executors, administrators, successors and assigns, and the Executive, and provided that Executive may not assign his heirs and administratorsrights or delegate his obligations hereunder. The Company may assign this Agreement its rights under the restrictive covenants in Section 5 to any corporation which is in a consolidated group with beneficial owner of 10% or more of the Company or which acquires the Company, subject to the Executive's rights under Section 6.06 hereofany other Affiliate.