Transferability; Binding Effect. Subject to Section 15 of the Plan, the Option is not transferable by the Grantee otherwise than by will or the laws of descent and distribution, and in no event shall this award be transferred for value.
Transferability; Binding Effect. Neither this Agreement, nor any of the rights or obligations of a Party may be directly or indirectly assigned, sold, delegated or otherwise disposed of without the prior written consent of the other Party, which consent may not be unreasonably withheld; provided, however, that either Party may assign this Agreement to an Affiliate, including any successor in interest by way of any reincorporation or other reorganization, and either Party may assign this Agreement to a successor by merger, acquisition, or sale of all or substantially all of such Party's business assets in the field to which this Agreement relates without the consent of the other Party, provided that in each case, absent a novation agreement between the assigning Party and the other Party, such assigning Party shall continue to be liable for any breaches of this Agreement by the assignee.
Transferability; Binding Effect. The rights of the Participant under this Agreement shall not be transferable except, in the event of death, by will or by the laws of descent and distribution. Subject to the provisions of the Plan, this Agreement shall inure to the benefit of and be binding upon the Participant and the Company and their respective heirs, legal representatives, successors and assigns.
Transferability; Binding Effect. The undersigned hereby agrees that this Subscription Agreement may not be sold, assigned, pledged, transferred or otherwise disposed of, except as otherwise provided for herein, in any manner, by the purchaser, without the prior written consent of the Company. This Subscription Agreement shall inure to the benefit of and be binding upon the Company and its successors and assigns and the undersigned's heirs, personal representatives, successors and permitted assigns.
Transferability; Binding Effect. The Restricted Stock Units may not be sold, exchanged, transferred, pledged, hypothecated, assigned, disposed of or otherwise encumbered, whether voluntarily, involuntarily or by operation of law. Any attempted sale, exchange, transfer, pledge, hypothecation, assignment, disposition or encumbrance of such Restricted Stock Units in violation of this Agreement shall be void and of no effect and the Company shall have the right to disregard the same on its books and records. Further, the rights of the Participant under this Agreement shall not be transferable except, in the event of death, by will or by the laws of descent and distribution. Subject to the provisions of the Plan, this Agreement shall inure to the benefit of and be binding upon the Participant and the Company and their respective heirs, legal representatives and successors.
Transferability; Binding Effect. (a) Except as provided in Section 25.6(b) below, neither this Agreement, nor any of the rights or obligations of Supplier may be directly or indirectly assigned, subcontracted, Agreement to the contrary, sold, 140 delegated or otherwise disposed of by Supplier without the prior written consent of GWI (which consent may be given or withheld by GWI in it sole discretion), including any assignment by operation of law or as a result of a Proposed Change in Control Transaction, provided, however, that (i) Supplier or Supplier's primary lenders or lending syndicate or the agent for such lenders or syndicate (for purposes of this Section 25.6(a), the "Lenders") may assign this Agreement pursuant to a Proposed Change in Control Transaction with respect to which Supplier has complied with the provisions of Section 20.8 above, (ii) Supplier may assign to the Lenders Supplier's right to payments and to enforce payments due from GWI under this Agreement and the Deed of Easement in the form attached as Exhibit G, and (iii) Supplier may assign as collateral to the --------- Lenders Supplier's interests under this Agreement and the Deed of Easement in the form attached hereto as Exhibit G, provided that any such collateral --------- assignment shall expressly provide that (A) the Lenders' rights to foreclose upon or otherwise dispose of Supplier's interests in this Agreement will be subject to the condition that such foreclosure or disposition occur in connection with a foreclosure or sale in lieu of foreclosure of the Lenders' security interests in the Facility and/or the capital stock of Supplier and/or Parent, (B) the Lenders shall not be entitled to exercise any remedy with respect to this Agreement other than (x) a foreclosure sale and assignment of this Agreement to a Permitted Transferee subject to and upon the terms contained in Section 25.6(b) of this Agreement, (y) to enforce rights to payment as provided in clause (a) (ii) above and (z) upon the occurrence and during the continuance of an event of default as defined in the applicable security agreement or other instrument or agreement pursuant to or in connection with which such collateral assignment shall have been made, the right to demand that payments be remitted directly to the Lenders, (C) the Permitted Transferee who shall so succeed through foreclosure to Supplier's rights under this 141 Agreement must also acquire the Facility and/or the capital stock of Supplier and/or Parent, (D) in no event shall t...
Transferability; Binding Effect. The rights of the Executive under this Agreement shall not be transferable except, in the event of death, by will or by the laws of descent and distribution. Subject to the provisions of the Plan, this Agreement shall inure to the benefit of and be binding upon the Executive and the Company and their respective heirs, legal representatives, successors and assigns.
Transferability; Binding Effect. This Agreement may not be assigned or otherwise transferred (in whole or in part, whether voluntarily, by operation of law or otherwise) by either Party without the prior written consent of the other Party (which consent shall not be unreasonably withheld); provided, however, that such consent shall not be required in connection with (a) assignment or transfer to an Affiliate of the Party; (b) a merger, consolidation or reorganization of the Party, (c) a sale or transfer of all or substantially all of the voting stock, or all or substantially all of the assets, of the Party, or (d) a sale or transfer by the Party of all or substantially all of the assets of the Party with respect to its program related to Products. Notwithstanding the foregoing, any such assignment or transfer to an Affiliate shall not relieve the assigning Party of its responsibilities for performance of its obligations under this Agreement. The rights and obligations of the Parties under this Agreement shall be binding upon and inure to the benefit of the successors and permitted assigns of the Parties. Any attempted assignment not in accordance with this Agreement shall be void.
Transferability; Binding Effect. The rights of the Participant under this Agreement shall not be transferable except, in the event of death, by will or by the laws of descent and distribution, provided that a transfer, assignment or division of the Participant’s rights and interests under this Agreement may be made to a spouse or former spouse in accordance with a domestic relations order or comparable order applicable to the Participant, in which event such transferred, assigned or divided rights and interests shall remain subject to the provisions of this Agreement. Subject to the provisions of the Plan, this Agreement shall inure to the benefit of and be binding upon the Participant and the Company and their respective heirs, legal representatives, successors and assigns.
Transferability; Binding Effect. The Option is not transferable by Optionee otherwise than by will or the laws of descent and distribution, and in no event shall this award be transferred for value.
