Assignments Clause Example from Business Contracts

Assignments. Notwithstanding anything else herein, this Agreement is personal to Executive and neither this Agreement nor any rights hereunder may be assigned by Executive. The Company or Parent may assign this Agreement to an affiliate or to any acquirer of all or substantially all of the business and/or assets of the Company or the Parent, in which case the term "Company" or "Parent," as the case may be, will mean such affiliate or acquirer. This Agreement will inure to the benefit of and be binding upon t...he personal or legal representatives, executors, administrators, successors, heirs, distributees, devisees, legatees and permitted assignees of the parties. View More