Common use of The Executive’s Successors Clause in Contracts

The Executive’s Successors. No rights or obligations of the Executive under this Agreement may be assigned or transferred, other than his rights to payments or benefits hereunder, which may be transferred only by will or the laws of descent and distribution. Upon the Executive’s death, this Agreement and all rights of the Executive hereunder shall inure to the benefit of, and be enforceable by, the Executive’s beneficiary or beneficiaries, personal or legal representatives or estate, to the extent any such person succeeds to the Executive’s interests under this Agreement. The Executive shall be entitled to select and change a beneficiary or beneficiaries to receive any benefit or compensation payable hereunder following the Executive’s death by giving the Company written notice thereof. In the event of the Executive’s death or a judicial determination of the Executive’s incompetence, references in this Agreement to the “Executive” shall be deemed, where appropriate, to refer to the Executive’s beneficiary(ies), estate or other legal representative(s). If the Executive should die following the effective date of termination of his employment while any amounts would still be payable to the Executive hereunder if he had continued to live, all such amounts, unless otherwise provided herein, shall be paid in accordance with the terms of this Agreement to such person or persons so appointed in writing by the Executive, or otherwise to the Executive’s legal representatives or estate.

Appears in 5 contracts

Samples: Employment Agreement (ERBA Diagnostics, Inc.), Employment Agreement (ERBA Diagnostics, Inc.), Employment Agreement (Ivax Diagnostics Inc)

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The Executive’s Successors. No rights or obligations of the Executive under this Agreement may be assigned or transferred, transferred by the Executive other than his rights right to payments or benefits hereunder, which may be transferred only by will or the laws of descent and distribution. Upon the Executive’s death, this Agreement and all rights of the Executive hereunder shall inure to the benefit of, of and be enforceable by, by the Executive’s beneficiary or beneficiaries, personal or legal representatives representatives, or estate, to the extent any such person succeeds to the Executive’s interests under this Agreement. The Executive shall be entitled to select and change a beneficiary or beneficiaries to receive any benefit or compensation payable hereunder following the Executive’s death by giving the Company written notice thereof. In the event of the Executive’s death or a judicial determination of the Executive’s his incompetence, references reference in this Agreement to the “Executive” Executive shall be deemed, where appropriate, to refer to the Executive’s his beneficiary(ies), estate or other legal representative(s). If the Executive should die following the effective date his Date of termination of his employment Termination while any amounts would still be payable to the Executive him hereunder if he had continued to live, all such amounts, amounts unless otherwise provided herein, herein shall be paid in accordance with the terms of this Agreement to such person or persons so appointed designated in writing by the Executive, or otherwise to the Executive’s his legal representatives or estate.

Appears in 2 contracts

Samples: Employment Agreement (Live Nation Entertainment, Inc.), Employment Agreement (Live Nation Entertainment, Inc.)

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The Executive’s Successors. No rights or obligations of the Executive under this Agreement may be assigned or transferred, transferred by the Executive other than his rights to payments or benefits hereunder, which may be transferred only by will or the laws of descent and distribution. Upon the Executive’s 's death, this Agreement and all rights of the Executive hereunder shall inure to the benefit of, of and be enforceable by, by the Executive’s 's beneficiary or beneficiaries, personal or legal representatives representatives, or estate, to the extent any such person succeeds to the Executive’s 's interests under this Agreement. The Executive shall be entitled to select and change a beneficiary or beneficiaries to receive any benefit or compensation payable hereunder following the Executive’s 's death by giving the Company written notice thereof. In the event of the Executive’s 's death or a judicial determination of the Executive’s his incompetence, references reference in this Agreement to the “Executive” Executive shall be deemed, where appropriate, to refer to the Executive’s his beneficiary(ies), estate or other legal representative(s). If the Executive should die following the effective date his Date of termination of his employment Termination while any amounts would still be payable to the Executive him hereunder if he had continued to live, all such amounts, amounts unless otherwise provided herein, herein shall be paid in accordance with the terms of this Agreement to such person or persons so appointed in writing by the Executive, or otherwise to the Executive’s his legal representatives or estate.

Appears in 1 contract

Samples: Employment Agreement (Wynn Resorts LTD)

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