No Assignment Clause Example with 12 Variations from Business Contracts

This page contains No Assignment clauses in business contracts and legal agreements. An example clause is provided at the top of the page, followed by clauses with minor variations. You can view the text differences by selecting the "Show Differences" option.
No Assignment. (a) This Agreement is personal to each of the parties hereto, and no party may assign or delegate any of its rights or obligations hereunder without first obtaining the written consent of the other party; provided, however, that the Bank shall require any successor or assign (whether direct or indirect, by purchase, merger, consolidation or otherwise) to all or substantially all of the business and/or assets of the Bank, by an assumption agreement in form and substance satisfactory to the Employ...ee, to expressly assume and agree to perform this Agreement in the same manner and to the same extent that the Bank would be required to perform it if no such succession or assignment had taken place. Failure of the Bank to obtain such an assumption agreement prior to the effectiveness of any such succession or assignment shall be a breach of this Agreement and shall entitle the Employee to compensation from the Bank in the same amount and on the same terms as the compensation pursuant to Section 7(d) hereof. For purposes of implementing the provisions of this Section 13(a), the date on which any such succession becomes effective shall be deemed the Date of Termination. (b) This Agreement and all rights of the Employee hereunder shall inure to the benefit of and be enforceable by the Employee's personal and legal representatives, executors, administrators, successors, heirs, distributees, devisees and legatees. If the Employee should die while any amounts would still be payable to the Employee hereunder if the Employee had continued to live, all such amounts, unless otherwise provided herein, shall be paid in accordance with the terms of this Agreement to the Employee's devisee, legatee or other designee or if there is no such designee, to the Employee's estate. View More Arrow
Found in Capitol Federal Financial, Inc. contract

Variations of a "No Assignment" Clause from Business Contracts

No Assignment. (a) This Agreement is personal to each of the parties hereto, and no neither party may assign or delegate any of its rights or obligations hereunder without first obtaining the written consent of the other party; provided, however, that the Bank shall require any successor or assign (whether direct or indirect, by purchase, merger, consolidation consolidation, operation of law or otherwise) to all or substantially all of the business and/or assets of the Bank, by an assumption agreement in form ...and substance satisfactory to the Employee, to expressly assume and agree to perform this Agreement in the same manner and to the same extent that the Bank would be required to perform it if no such succession or assignment had taken place. Failure of the Bank to obtain such an assumption agreement prior to the effectiveness of any such succession or assignment shall be a breach of this Agreement and shall entitle the Employee to compensation and benefits from the Bank in the same amount and on the same terms as that Employee would be entitled to hereunder if an event of Involuntary Termination occurred, in addition to any payments and benefits to which the compensation pursuant to Employee is entitled under Section 7(d) 3 hereof. For purposes of implementing the provisions of this 6 Section 13(a), 6(a), the date on which any such succession becomes effective shall be deemed the Date of Termination. (b) This Agreement and all rights of the Employee hereunder shall inure to the benefit of and be enforceable by the Employee's personal and legal representatives, executors, administrators, successors, heirs, distributees, devisees and legatees. If In the Employee should die while any amounts would still be payable to event of the Employee hereunder if death of the Employee had continued to live, all such amounts, Employee, unless otherwise provided herein, all amounts payable hereunder shall be paid in accordance with the terms of this Agreement to the Employee's devisee, legatee legatee, or other designee or or, if there is be no such designee, to the Employee's estate. View More Arrow
Found in First Financial Northwest, Inc. contract
No Assignment. (a) This Agreement is personal to each of the parties hereto, and no neither party may assign or delegate any of its rights or obligations hereunder without first obtaining the written consent of the other party; provided, however, that the Bank shall require any successor or assign (whether direct or indirect, by purchase, merger, consolidation consolidation, operation of law or otherwise) to all or substantially all of the business and/or assets of the Bank, by an assumption agreement in form ...and substance satisfactory to the Employee, to expressly assume and agree to perform this Agreement in the same manner and to the same extent that the Bank would be required to perform it if no such succession or assignment had taken place. Failure of the Bank to obtain such an assumption agreement prior to the effectiveness of any such succession or assignment shall be a breach of this Agreement and shall entitle the Employee to compensation and benefits from the Bank in the same amount and on the same terms as that Employee would be entitled to hereunder if an event of Involuntary Termination occurred, in addition to any payments and benefits to which the compensation pursuant to Employee is entitled under Section 7(d) 3 hereof. For purposes of implementing the provisions of this Section 13(a), 6(a), the date on which any such succession becomes effective shall be deemed the Date of Termination. (b) This Agreement and all rights of the Employee hereunder shall inure to the benefit of and be enforceable by the Employee's personal and legal representatives, executors, administrators, successors, heirs, distributees, devisees and legatees. If In the Employee should die while any amounts would still be payable to event of the Employee hereunder if death of the Employee had continued to live, all such amounts, Employee, unless otherwise provided herein, all amounts payable hereunder shall be paid in accordance with the terms of this Agreement to the Employee's devisee, legatee legatee, or other designee or or, if there is be no such designee, to the Employee's estate. View More Arrow
Found in First Financial Northwest, Inc. contract