Common use of Successors, etc Clause in Contracts

Successors, etc. VIII.1 This Agreement shall inure to the benefit of and be binding upon Executive, and, to the extent applicable, his heirs, assigns, executors, and personal representatives and the Bank, its successors, and assigns, including, without limitation, any person, partnership, or corporation which may acquire all or substantially all of the Bank’s assets and business, or with or into which the Bank or its parent may be consolidated or merged. This provision shall apply in the event of any subsequent merger, consolidation, or transfer. VIII.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, except this provision will not apply to the Bank or its parent in the event of a change in control.

Appears in 2 contracts

Samples: Executive Employment Agreement (First Perry Bancorp, Inc), Executive Employment Agreement (First Perry Bancorp, Inc)

AutoNDA by SimpleDocs

Successors, etc. VIII.1 1. This Agreement shall inure to the benefit of and be binding upon Executive, and, to the extent applicable, his heirs, assigns, executors, and personal representatives and the Bank, its successors, and assigns, including, without limitation, any person, partnership, or corporation which may acquire all or substantially all of the Bank’s assets and business, or with or into which the Bank or its parent may be consolidated or merged. This provision shall apply in the event of any subsequent merger, consolidation, or transfer. VIII.2 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, except this provision will not apply to the Bank or its parent in the event of a change in control.

Appears in 2 contracts

Samples: Executive Employment Agreement (Riverview Financial Corp), Executive Employment Agreement (Riverview Financial Corp)

Successors, etc. VIII.1 1. This Agreement shall inure to the benefit of and be binding upon Executive, and, to the extent applicable, his heirs, assigns, executors, and personal representatives and the Bank, its successors, and assigns, including, without limitation, any person, partnership, or corporation which may acquire all or substantially all of the Bank’s assets and business, or with or into which the Bank or its parent may be consolidated or merged. This provision shall apply in the event of any subsequent merger, consolidation, or transfer. VIII.2 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, except this provision will not apply to the Bank or its parent in the event of a change in control.

Appears in 1 contract

Samples: Executive Employment Agreement (Riverview Financial Corp)

AutoNDA by SimpleDocs

Successors, etc. VIII.1 This Agreement shall inure to the benefit of and be binding upon Executive, and, to the extent applicable, his heirs, assigns, executors, and personal representatives and the Bank, its successors, and assigns, including, without limitation, any person, partnership, or corporation which may acquire all or substantially all of the Bank’s assets and business, or with or into which the Bank or its parent may be consolidated or merged. This provision shall apply in the event of any subsequent merger, consolidation, or transfer. VIII.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, except this provision will not apply to the Bank or its parent in the event of a change in control.

Appears in 1 contract

Samples: Executive Employment Agreement (First Perry Bancorp, Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!