Common use of Successors and Heirs Clause in Contracts

Successors and Heirs. This Agreement shall be binding upon and inure to the benefit of the Company and its successors and assigns, and upon any person acquiring, whether by merger, consolidation, purchase of assets or otherwise, all or substantially all of the Company’s assets and business. In the event of Participant’s death, any Shares to which Participant may become entitled pursuant to this Agreement or the Plan will be delivered to his or her heirs or personal representative in accordance with the terms of the Plan.

Appears in 5 contracts

Samples: Performance Stock Unit Award Agreement (Qumu Corp), Performance Stock Unit Award Agreement (Qumu Corp), Performance Stock Unit Award Agreement (Qumu Corp)

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Successors and Heirs. This Agreement shall be binding upon and inure to the benefit of the Company and its successors and assigns, and upon any person acquiring, whether by merger, consolidation, purchase of assets or otherwise, all or substantially all of that is an acquiring person in a Change in Control involving the Company’s assets and business. In the event of Participant’s death, any Shares to which Participant may become entitled pursuant to this Agreement or the Plan will be delivered to his or her heirs or personal representative in accordance with the terms of the Plan.

Appears in 3 contracts

Samples: Performance Stock Unit Award Agreement (Clearfield, Inc.), Performance Stock Unit Award Agreement (Clearfield, Inc.), Restricted Stock Award Agreement (Clearfield, Inc.)

Successors and Heirs. This Agreement shall be binding upon and inure to the benefit of the Company and its successors and assigns, and upon any person acquiring, whether by merger, consolidation, purchase of assets or otherwise, all or substantially all of the Company’s assets and business. In the event of Participant’s death, any Shares Stock to which Participant may become entitled pursuant to this Agreement or the Plan will be delivered to his or her heirs or personal representative in accordance with the terms of the Plan.

Appears in 2 contracts

Samples: Performance Stock Unit Award Agreement (Qumu Corp), Performance Stock Unit Award Agreement

Successors and Heirs. This Agreement shall be binding upon and inure to the benefit of the Company and its successors and assigns, and upon any person acquiring, whether by merger, consolidation, purchase of assets or otherwise, all or substantially all of the Company’s assets and business. In the event of Participantthe Recipient’s death, any Shares shares of Common Stock to which Participant Recipient may become entitled pursuant to this Agreement or the Plan will be delivered to his or her heirs or personal representative in accordance with the terms of the Plan.

Appears in 1 contract

Samples: Performance Share Award Agreement (Rimage Corp)

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Successors and Heirs. This Agreement shall be binding upon and inure to the benefit of the Company and its successors and assigns, and upon any person acquiring, whether by merger, consolidation, purchase of assets or otherwise, all or substantially all of the Company’s assets and business. In the event of Participant’s death, any Shares to which Participant may become entitled pursuant to this Agreement or the Plan will be delivered to his or her heirs or personal representative in accordance with the terms of the Plan.

Appears in 1 contract

Samples: Restricted Stock Bonus Award Agreement (Wsi Industries, Inc.)

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