Supplemental Agreement Binding Sample Clauses
The Supplemental Agreement Binding clause establishes that any supplemental agreement entered into by the parties is legally binding and forms an integral part of the main contract. In practice, this means that amendments, addenda, or side agreements related to the original contract are enforceable as if they were included in the initial agreement, provided they are executed according to the required formalities. This clause ensures that all modifications or additions to the contract are recognized and enforceable, thereby preventing disputes over the validity or applicability of supplemental terms.
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Supplemental Agreement Binding. This Supplemental Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective next of kin, successors, assigns, heirs, personal representatives, executors, administrators, and legatees. First Charter shall not merge or consolidate with any other entity or reorganize unless and until such succeeding and continuing entity agrees to assume and discharge the obligations of First Charter under this Supplemental Agreement. Upon such assumption, the term First Charter as used in this Supplemental Agreement shall be deemed to refer to such successor to First Charter. The Board of Directors, at its sole discretion, reserves the right to amend, revise, or terminate this Supplemental Agreement with respect to future benefits only, but the Executive's consent must be obtained for all other amendments or revisions.