Common use of SUCCESSORS; ASSIGNMENTS AND TRANSFERS Clause in Contracts

SUCCESSORS; ASSIGNMENTS AND TRANSFERS. This Agreement shall be binding upon and inure to the benefit of any successor or successors of the Company and any person or persons who shall, upon the death of Participant, acquire any rights hereunder. The rights and interests of Participant under this Agreement may not be sold, assigned, encumbered or otherwise transferred except in the event of death of Participant, by will or by the laws of descent and distribution. This Agreement may be assigned by the Company without Participant’s consent.

Appears in 21 contracts

Samples: Deferred Cash Unit Award Agreement (Legg Mason, Inc.), Deferred Cash Unit Award Agreement (Legg Mason, Inc.), Performance Share Unit Award Agreement (Legg Mason, Inc.)

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SUCCESSORS; ASSIGNMENTS AND TRANSFERS. This Agreement shall be binding upon and inure to the benefit of any successor or successors of the Company and any person or persons who shall, upon the death of the Participant, acquire any rights hereunder. The rights and interests of Participant under this Agreement may not be sold, assigned, encumbered or otherwise transferred except in the event of death of Participant, by will or by the laws of descent and distribution. This Agreement may be assigned by the Company without the Participant’s 's consent.

Appears in 3 contracts

Samples: Performance Shares Grant Agreement (Legg Mason Inc), Restricted Stock Agreement (Legg Mason Inc), Restricted Stock Agreement (Legg Mason Inc)

SUCCESSORS; ASSIGNMENTS AND TRANSFERS. This Agreement shall be binding upon and inure to the benefit of any successor or successors of the Company and any person or persons who shall, upon the death of the Participant, acquire any rights hereunder. The rights and interests of Participant under this Agreement may not be sold, assigned, encumbered or otherwise transferred except in the event of death of Participant, by will or by the laws of descent and distribution. This Agreement may be assigned by the Company without the Participant’s consent.

Appears in 1 contract

Samples: Restricted Stock Agreement (Legg Mason Inc)

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SUCCESSORS; ASSIGNMENTS AND TRANSFERS. This Agreement shall be binding upon and inure to the benefit of any successor or successors of the Company and any person or persons who shall, upon the death of Participant, acquire any rights hereunder. The rights and interests of Participant under this Agreement may not be sold, assigned, encumbered or otherwise transferred except in the event of death of Participant, by will or by the laws of descent and distribution. This Agreement may be assigned by the Company without Participant’s 's consent.

Appears in 1 contract

Samples: Restricted Stock Agreement (Legg Mason Inc)

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