Common use of Successors Bound; Assignability Clause in Contracts

Successors Bound; Assignability. This Agreement shall be binding upon Executive, the Company and their successors in interest, including without limitation, any corporation into which the Company may be merged or by which it may be acquired. This Agreement is nonassignable except that the Company's rights, duties and obligations under this Agreement may be assigned to the Company's acquiror in the event the Company is merged, acquired or sells substantially all of its assets.

Appears in 7 contracts

Samples: Employment Agreement (Rare Hospitality International Inc), Employment Agreement (Rare Hospitality International Inc), Employment Agreement (Rare Hospitality International Inc)

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Successors Bound; Assignability. This Agreement shall be binding upon Executive, the Company Company, RARE Parent and their respective successors in interest, including without limitation, any corporation into which the Company or RARE Parent may be merged or by which it may be acquired. This Agreement is nonassignable except that the Company's ’s and RARE Parent’s rights, duties and obligations under this Agreement may be assigned to the Company's acquiror their acquirer(s) in the event the Company either RARE affiliate is merged, acquired or sells substantially all of its assets.

Appears in 3 contracts

Samples: Employment Agreement (Rare Hospitality International Inc), Employment Agreement (Rare Hospitality International Inc), Employment Agreement (Rare Hospitality International Inc)

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Successors Bound; Assignability. This Agreement shall be binding upon Executive, Executive and the Company and their respective heirs, successors in interestand assigns, including without limitation, any corporation or other entity into which the Company may be merged merged, reorganized or liquidated, or by which it may be acquired. This Agreement is nonassignable except that the The Company's rights, duties and obligations under this Agreement may be assigned without limitation; however, as Executive's skills and qualifications for his position and the services to the Companybe rendered by Executive under this Agreement are unique, Executive's acquiror in the event the Company is merged, acquired or sells substantially all of its assetsobligations under this Agreement may not be assigned.

Appears in 1 contract

Samples: Employment Agreement (Advantage Marketing Systems Inc/Ok)

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