Common use of Successors, etc Clause in Contracts

Successors, etc. 9.1 This Agreement shall inure to the benefit of and be binding upon Employee, and, to the extent applicable, his heirs, assigns, executors, and personal representatives, and the Bank and the Bank, their successors, and assigns, including, without limitation, any person, partnership, or corporation which may acquire all or substantially all of the Bank's or the Bank's assets and business, or with or into which the Bank or the Bank may be consolidated or merged, and this provision shall apply in the event of any subsequent merger, consolidation, or transfer unless such merger or consolidation or subsequent merger or consolidation is a transaction of the type which would result in termination under Sections 7.6 and 7.7 hereof. 9.2 This Agreement is personal to each of the parties and neither party may assign or delegate any of its rights or obligations under this Agreement without the prior written consent of the other party.

Appears in 3 contracts

Samples: Employment Agreement (Jacksonville Bancorp Inc), Employment Agreement (Jacksonville Bancorp Inc), Employment Agreement (Jacksonville Bancorp Inc)

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Successors, etc. Section 9.1 This Agreement shall inure to the benefit of and be binding upon the Employee, and, and to the extent applicable, his heirs, assigns, executors, and personal representatives, and the Bank and the BankCorporation, their successors, and assigns, including, without limitation, any person, partnership, or corporation which may acquire all or substantially all of the Bank's or the BankCorporation's assets and business, or with or into which the Bank or the Bank Corporation may be consolidated or merged, and this provision shall apply in the event of any subsequent merger, consolidation, or transfer transfer, unless such merger or consolidation or subsequent merger or consolidation is a transaction of the type which would result in termination under Sections 7.6 and 7.7 hereofherein. Section 9.2 This Agreement is personal to each of the parties and neither party may assign or delegate any of its their rights or obligations under this Agreement without the prior written consent of the other party.

Appears in 2 contracts

Samples: Employment Agreement (Federal Trust Corp), Employment Agreement (Federal Trust Corp)

Successors, etc. 9.1 This Agreement shall inure to the benefit of and be binding upon Employee, and, to the extent applicable, his heirs, assigns, executors, and personal representatives, and the Bank and the Bank, their successors, and assigns, including, without limitation, any person, partnership, or corporation which may acquire all or substantially all of the Bank's ’s or the Bank's ’s assets and business, or with or into which the Bank or the Bank may be consolidated or merged, and this provision shall apply in the event of any subsequent merger, consolidation, or transfer unless such merger or consolidation or subsequent merger or consolidation is a transaction of the type which would result in termination under Sections 7.6 and 7.7 hereof. 9.2 This Agreement is personal to each of the parties and neither party may assign or delegate any of its rights or obligations under this Agreement without the prior written consent of the other party.

Appears in 1 contract

Samples: Employment Agreement (Jacksonville Bancorp Inc)

Successors, etc. Section 9.1 This Agreement shall inure to the benefit of and be binding upon the Employee, and, and to the extent applicable, his heirs, assigns, executors, and personal representatives, and to the Bank and the BankCorporation, their successors, and assigns, including, without limitation, any person, partnership, or corporation which may acquire all or substantially all of the Bank's or the BankCorporation's assets and business, or with or into which the Bank or the Bank Corporation may be consolidated or merged, and this provision shall apply in the event of any subsequent merger, consolidation, or transfer transfer, unless such merger or consolidation or subsequent merger or consolidation is a transaction of the type which would result in termination under Sections 7.6 and 7.7 hereofherein. Section 9.2 This Agreement is personal to each of the parties and neither party may assign or delegate any of its their rights or obligations under this Agreement without the prior written consent of the other party.

Appears in 1 contract

Samples: Employment Agreement (Federal Trust Corp)

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Successors, etc. Section 9.1 This Agreement shall inure to the benefit of and be binding upon the Employee, and, and to the extent applicable, his heirs, assigns, executors, and personal representatives, and the Bank and the BankCorporation, their successors, and assigns, including, without limitation, any person, partnershippa rtnerhsip, or corporation which may acquire all or substantially all of the Bank's or the BankCorporation's assets and business, or with or into which the Bank or the Bank Corporation may be consolidated or merged, and this provision shall apply in the event of any subsequent merger, consolidation, or transfer trans fer, unless such merger or consolidation or subsequent merger or consolidation is a transaction of the type which would result in termination under Sections 7.6 and 7.7 hereofherein. Section 9.2 This Agreement is personal to each of the parties p arties and neither party may assign or delegate any of its their rights or obligations under this Agreement without the prior written consent of the other party.

Appears in 1 contract

Samples: Employment Agreement (Federal Trust Corp)

Successors, etc. Section 9.1 This Agreement shall inure to the benefit of and be binding upon the Employee, and, and to the extent applicable, his heirs, assigns, executors, and personal representatives, and the Bank and the BankCorporation, their successors, and assigns, including, without limitation, any person, partnershippartnerhsip, or corporation which may acquire all or substantially all of the Bank's or the BankCorporation's assets and business, or with or into which the Bank or the Bank Corporation may be consolidated or merged, and this provision shall apply in the event of any subsequent merger, consolidation, or transfer transfer, unless such merger or consolidation or subsequent merger or consolidation is a transaction of the type which would result in termination under Sections 7.6 and 7.7 hereofherein. Section 9.2 This Agreement is personal to each of the parties p arties and neither party may assign or delegate any of its their rights or obligations under this Agreement without the prior written consent of the other party.

Appears in 1 contract

Samples: Employment Agreement (Federal Trust Corp)

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