Common use of Successors and Binding Agreement Clause in Contracts

Successors and Binding Agreement. (i) The Corporation will require any successor (whether direct or indirect, by purchase, merger, consolidation or otherwise to all or substantially all of the business and/or assets of the Corporation), by agreement in form and substance satisfactory to You, to expressly assume and agree to perform this Agreement in the same manner and to the same extent that the Corporation would be required to perform it if no such succession had taken place. Failure of the Corporation to obtain such agreement prior to the effectiveness of any such succession shall be a breach of this Agreement and shall entitle You to compensation from the Corporation in the same amount and on the same terms as You would be entitled hereunder if employee terminated employment after a Change in Control for Good Reason, except that for purposes of implementing the foregoing, the date on which any such succession becomes effective shall be deemed the date that the termination of Your employment becomes effective. As used in this Agreement, "Corporation" shall mean the Corporation and any successor to its business and/or assets which executes and delivers the agreement provided for in this Section 5(i) or which otherwise becomes bound by all the terms and provisions of this Agreement by operation of law.

Successors and Binding Agreement. (i) The Corporation will require any successor (whether direct or indirect, by purchase, merger, consolidation or otherwise to all or substantially all of the business and/or assets of the Corporation), by agreement in form and substance satisfactory to You, to expressly assume and agree to perform this Agreement in the same manner and to the same extent that the Corporation would be required to perform it if no such succession had taken place. Failure of the Corporation to obtain such agreement prior to the effectiveness of any such succession shall be a breach of this Agreement and shall entitle You to compensation from the Corporation in the same amount and on the same terms as You would be entitled hereunder if employee terminated employment after a Change in Control for Good Reason, except that for purposes of implementing the foregoing, the date on which any such succession becomes effective shall be deemed the date that the termination of Your employment becomes effective. As used in this Agreement, "“Corporation" ” shall mean the Corporation and any successor to its business and/or assets which executes and delivers the agreement provided for in this Section 5(i) or which otherwise becomes bound by all the terms and provisions of this Agreement by operation of law.

Successors and Binding Agreement. (i) The Corporation will require any successor (whether direct or indirect, by purchase, merger, consolidation or otherwise to all or substantially all of the business and/or assets of the Corporation), by agreement in form and substance satisfactory to YouEmployee, to expressly assume and agree to perform this Agreement in the same manner and to the same extent that the Corporation would be required to perform it if no such succession had taken place. Failure of the Corporation to obtain such agreement prior to the effectiveness of any such succession shall be a breach of this Agreement and shall entitle You Employee to compensation from the Corporation in the same amount and on the same terms as You Employee would be entitled hereunder if employee terminated employment after a Change in Control for Good Reason, except that for purposes of implementing the foregoing, the date on which any such succession becomes effective shall be deemed the date that the termination of Your Employee's employment becomes effective. As used in this Agreement, "Corporation" shall mean the Corporation and any successor to its business and/or assets which executes and delivers the agreement provided for in this Section 5(i6(i) or which otherwise becomes bound by all the terms and provisions of this Agreement by operation of law.

Successors and Binding Agreement. (ia) The Corporation Company will require any successor (whether direct or indirect, by purchase, merger, consolidation or otherwise to all or substantially all of the business and/or assets of the CorporationCompany), by agreement in form and substance satisfactory to Youthe Executive, to expressly assume and agree to perform this Agreement in the same manner and to the same extent that the Corporation Company would be required to perform it if no such succession had taken place. Failure of the Corporation Company to obtain such agreement prior to the effectiveness of any such succession shall be a breach of this Agreement and shall entitle You the Executive to compensation from the Corporation Company in the same amount and on the same terms as You the Executive would be entitled hereunder if employee the Executive terminated the Executive’s employment after a Change in Control for Good Reason, except that for purposes of implementing the foregoing, the date on which any such succession becomes effective shall be deemed the date that the termination of Your the Executive’s employment becomes effective. As used in this Agreement, "Corporation" “Company” shall mean the Corporation Company and any successor to its business and/or assets which executes and delivers the agreement provided for in this Section 5(i) 5 or which otherwise becomes bound by all the terms and provisions of this Agreement by operation of law.

Successors and Binding Agreement. (ia) The Corporation Company will require any successor (whether direct or indirect, by purchase, merger, consolidation or otherwise to all or substantially all of the business and/or assets of the CorporationCompany), by agreement in form and substance satisfactory to YouExecutive, to expressly assume and agree to perform this Agreement in the same manner and to the same extent that the Corporation Company would be required to perform it if no such succession had taken place. Failure of the Corporation Company to obtain such agreement prior to the effectiveness of any such succession shall be a breach of this Agreement and shall entitle You Executive to compensation from the Corporation Company in the same amount and on the same terms as You Executive would be entitled hereunder if employee Executive terminated his employment after a Change in Control for Good Reason, except that for purposes of implementing the foregoing, the date on which any such succession becomes effective shall be deemed the date that the termination of Your employment becomes effectiveEmployment Termination Date. As used in this Agreement, "Corporation" “Company” shall mean the Corporation Company and any successor to its business and/or assets which executes and delivers the agreement provided for in this Section 5(i6(a) or which otherwise becomes bound by all the terms and provisions of this Agreement by operation of law.

Successors and Binding Agreement. (ia) The Corporation Company will require any successor (whether direct or indirect, by purchase, merger, consolidation or otherwise to all or substantially all of the business and/or assets of the CorporationCompany), by agreement in form and substance reasonably satisfactory to YouExecutive, to expressly assume and agree to perform this Agreement in the same manner and to the same extent that the Corporation Company would be required to perform it if no such succession had taken place. Failure of the Corporation Company to obtain such agreement prior to the effectiveness of any such succession shall be a breach of this Agreement and shall entitle You Executive to compensation from the Corporation Company in the same amount and on the same terms as You Executive would be entitled hereunder if employee Executive terminated his employment after a Change in Control for Good Reason, except that for purposes of implementing the foregoing, the date on which any such succession becomes effective shall be deemed the date that the termination of Your Executive’s employment becomes effective. As used in this Agreement, "Corporation" “Company” shall mean the Corporation Company and any successor to its business and/or assets which that executes and delivers the agreement provided for in this Section 5(i8(a) or which otherwise becomes bound by all the terms and provisions of this Agreement by operation of law.

Successors and Binding Agreement. (i) The Corporation Company will require any successor (whether direct or indirect, by purchase, merger, consolidation or otherwise to all or substantially all of the business and/or assets of the CorporationCompany), by agreement in form and substance satisfactory to YouExecutive, to expressly assume and agree to perform this Agreement in the same manner and to the same extent that the Corporation Company would be required to perform it if no such succession had taken place. Failure of the Corporation Company to obtain such agreement prior to the effectiveness of any such succession shall be a breach of this Agreement and shall entitle You Executive to compensation from the Corporation Company in the same amount and on the same terms as You Executive would be entitled hereunder if employee Executive terminated his employment after a Change in Control for Good Reason, except that for purposes of implementing the foregoing, the date on which any such succession becomes effective shall be deemed the date that the termination of Your employment becomes effectiveEmployment Termination Date. As used in this Agreement, "CorporationCompany" shall mean the Corporation Company and any successor to its business and/or assets which executes and delivers the agreement provided for in this Section 5(i) or which otherwise becomes bound by all the terms and provisions of this Agreement by operation of law.

Successors and Binding Agreement. (i) The Corporation will require any successor (whether direct or indirect, by purchase, merger, consolidation or otherwise to all or substantially all of the business and/or assets of the Corporation), by agreement in form and substance satisfactory to YouEmployee, to expressly assume and agree to perform this Agreement in the same manner and to the same extent that the Corporation would be required to perform it if no such succession had taken place. Failure of the Corporation to obtain such agreement prior to the effectiveness of any such succession shall be a breach of this Agreement and shall entitle You Employee to compensation from the Corporation in the same amount and on the same terms as You Employee would be entitled hereunder if employee terminated employment after a Change in Control for Good Reason, except that for purposes of implementing the foregoing, the date on which any such succession becomes effective shall be deemed the date that the termination of Your Employee's employment becomes effective. As used in this Agreement, "CorporationCorporation " shall mean the Corporation and any successor to its business and/or assets which executes and delivers the agreement provided for in this Section 5(i6(i) or which otherwise becomes bound by all the terms and provisions of this Agreement by operation of law.

Successors and Binding Agreement. (ia) The Corporation Company will require any successor (whether direct or indirect, by purchase, merger, consolidation or otherwise to all or substantially all of the business and/or assets of the CorporationCompany), by agreement in form and substance satisfactory to YouExecutive, to expressly assume and agree to perform this Agreement in the same manner and to the same extent that the Corporation Company would be required to perform it if no such succession had taken place. Failure of the Corporation Company to obtain such agreement prior to the effectiveness of any such succession shall be a breach of this Agreement and shall entitle You Executive to compensation from the Corporation Company in the same amount and on the same terms as You Executive would be entitled hereunder if employee Executive terminated his employment after a Change in Control for Good Reason, except that for purposes of implementing the foregoing, the date on which any such succession becomes effective shall be deemed the date that the termination of Your employment becomes effectiveEmployment Termination Date. As used in this Agreement, "Corporation" “Company” shall mean the Corporation Company and any successor to its business and/or assets which executes and delivers the agreement provided for in this Section 5(i8(a) or which otherwise becomes bound by all the terms and provisions of this Agreement by operation of law.

Successors and Binding Agreement. (ia) The Corporation Company will require any successor (whether direct or indirect, ) by purchase, merger, consolidation consolidation, or otherwise to all or substantially all of the business and/or of the assets of the Corporation), by agreement in form and substance satisfactory to You, Company to expressly assume and agree to perform this Agreement in the same manner and to the same extent that the Corporation Company would be required to perform it if no such succession had taken place. Failure of the Corporation Company to obtain such agreement prior to the effectiveness of any such succession shall be a breach of this Agreement and shall entitle You to the Employee the compensation from the Corporation Company in the same amount and on the same terms as You the Employee would be entitled hereunder if employee the Employee terminated his employment after a Change in Control for Good Reason, except that that, for purposes of implementing the foregoing, the date on which any such succession becomes effective shall be deemed the date that the termination of Your the Employee’s employment becomes effective. As used in this Agreement, "Corporation" “Company” shall mean the Corporation Company and any successor to its business and/or assets which executes and delivers the agreement Agreement provided for in this Section 5(isection 7(a) or which otherwise becomes bound by all the terms and provisions of this Agreement by operation of law.

Successors and Binding Agreement. (ia) The Corporation Company will require any successor (whether direct or indirect, by purchase, merger, consolidation or otherwise to all or substantially all of the business and/or assets of the CorporationCompany), by agreement in form and substance satisfactory to YouExecutive, to expressly assume and agree to perform this Agreement in the same manner and to the same extent that the Corporation Company would be required to perform it if no such succession had taken place. Failure of the Corporation Company to obtain such agreement prior to the effectiveness of any such succession shall be a breach of this Agreement and shall entitle You Executive to compensation from the Corporation Company in the same amount and on the same terms as You Executive would be entitled hereunder if employee Executive terminated Executive’s employment after a Change in Control for Good Reason, except that that, for purposes of implementing the foregoing, the date on which any such succession becomes effective shall be deemed the date that the termination of Your employment becomes effectiveEmployment Termination Date. As used in this Agreement, "Corporation" “Company” shall mean the Corporation Company and any successor to its business and/or assets which executes and delivers the agreement provided for in this Section 5(i8(a) or which otherwise becomes bound by all the terms and provisions of this Agreement by operation of law.

Successors and Binding Agreement. (i) The Corporation will require any successor (whether direct or indirect, by purchase, merger, consolidation or otherwise to all or substantially all of the business and/or assets of the CorporationCorporation ), by agreement in form and substance satisfactory to YouEmployee, to expressly assume and agree to perform this Agreement in the same manner and to the same extent that the Corporation would be required to perform it if no such succession had taken place. Failure of the Corporation to obtain such agreement prior to the effectiveness of any such succession shall be a breach of this Agreement and shall entitle You Employee to compensation from the Corporation in the same amount and on the same terms as You Employee would be entitled hereunder if employee terminated employment after a Change in Control for Good Reason, except that for purposes of implementing the foregoing, the date on which any such succession becomes effective shall be deemed the date that the termination of Your Employee's employment becomes effective. As used in this Agreement, "CorporationCorporation " shall mean the Corporation and any successor to its business and/or assets which executes and delivers the agreement provided for in this Section 5(i6(i) or which otherwise becomes bound by all the terms and provisions of this Agreement by operation of law.

Successors and Binding Agreement. (ia) The Corporation Company will require any successor (whether direct or indirect, by purchase, merger, consolidation or otherwise to all or substantially all of the business and/or assets of the CorporationCompany), by agreement in form and substance satisfactory to YouExecutive, to expressly assume and agree to perform this Agreement in the same manner and to the same extent that the Corporation Company would be required to perform it if no such succession had taken place. Failure of the Corporation Company to obtain such agreement prior to the effectiveness of any such succession shall be a breach of this Agreement and shall entitle You Executive to compensation from the Corporation Company in the same amount and on the same terms as You Executive would be entitled hereunder if employee Executive terminated his/her employment after a Change in Control for Good Reason, except that for purposes of implementing the foregoing, the date on which any such succession becomes effective shall be deemed the date that the termination of Your employment becomes effectiveEmployment Termination Date. As used in this Agreement, "Corporation" “Company” shall mean the Corporation Company and any successor to its business and/or assets which executes and delivers the agreement provided for in this Section 5(i8(a) or which otherwise becomes bound by all the terms and provisions of this Agreement by operation of law.