Common use of Termination or Assignment on Merger Clause in Contracts

Termination or Assignment on Merger. In the event of a merger where the Employer is not the surviving entity, or of a sale of all or substantially all of the Employer’s assets, the Employer may, at its sole option: (1) Assign this Agreement and all rights and obligations under it to any business entity that succeeds to all or substantially all of the Employer’s business through that merger or sale of assets, or (2) on at least 30 days’ prior written notice to the Executive, terminate this Agreement effective on the date of the merger or sale of assets.

Termination or Assignment on Merger. In the event of a merger where the Employer is not the surviving entity, or of a sale of all or substantially all of the Employer’s 's assets, the Employer may, at its sole option: option (1) Assign assign this Agreement and all rights and obligations under it to any business entity that succeeds to all or substantially all of the Employer’s 's business through that merger or sale of assets, or or (2) on at least 30 days’ ' prior written notice to the ExecutiveEmployee, terminate this Agreement effective on the date of the merger or sale of assets.

Termination or Assignment on Merger. In the event of a merger where the Employer is not the surviving entity, or of a sale of all or substantially all of the Employer’s 's assets, the Employer may, at its sole option: option (1) Assign assign this Agreement and all rights and obligations under it to any business entity that succeeds to all or substantially all of the Employer’s 's business through that merger or sale of assets, or or (2) on at least 30 days’ ' prior written notice to the Executive, terminate this Agreement effective on the date of the merger or sale of assets.

Termination or Assignment on Merger. In the event of a merger where the Employer is not the surviving entity, or of a sale of all or substantially all of the Employer’s 's assets, the Employer may, at its sole option: option (1) Assign assign this Agreement and all rights and obligations under it to any business entity that succeeds to all or substantially all of the Employer’s 's business through that merger or sale of assets, or or (2) on at least 30 days’ ' prior written notice to the ExecutiveManager, terminate this Agreement effective on the date of the merger or sale of assets.