Common use of Successors and Third-Party Beneficiaries Clause in Contracts

Successors and Third-Party Beneficiaries. This Agreement shall be binding upon any successor of the Company, in accordance with the terms of this Agreement and the Plan. Each of the Company’s Affiliates shall be deemed to be a third-party beneficiary under this Agreement. The provisions of this Agreement extend to these third-party beneficiaries.

Appears in 14 contracts

Samples: Stock Option Award Agreement (Dow Chemical Co /De/), Stock Appreciation Right Award Agreement (Dow Chemical Co /De/), Performance Stock Unit Award Agreement (Dow Chemical Co /De/)

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Successors and Third-Party Beneficiaries. This Agreement shall be binding upon any successor and inure to the benefit of the Company, in accordance with the terms of parties and their respective successors and permitted assigns. The parties acknowledge and agree that this Agreement is being entered into by and the Plan. Each on behalf of the Company’s Affiliates Company and its affiliates and subsidiaries and that they shall be deemed to be a third-party beneficiary under beneficiaries hereof, having all rights to enforce this Agreement. The provisions of this Agreement extend to these third-party beneficiaries.

Appears in 1 contract

Samples: TransDigm Group INC

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