Successors Binding Agreement Clause Example with 121 Variations from Business Contracts
This page contains Successors Binding Agreement 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.
Successors Binding Agreement. 9.1 In addition to any obligations imposed by law upon any successor to the Company, the Company shall require any successor (whether direct or indirect, by purchase, merger, consolidation or otherwise) to all or substantially all of the business and/or assets of the Company to expressly assume and agree to perform this Agreement in the same manner and to the same extent that the Company would be required to perform it if no such succession had taken place. Failure of the Company to obtain such ...assumption and agreement prior to the effectiveness of any such succession shall be a breach of this Agreement. 9.2 This Agreement shall inure to the benefit of and be enforceable by the Executive's personal or legal representatives, executors, administrators, successors, heirs, distributees, devisees and legatees. If the Executive shall die while any amount would still be payable to the Executive hereunder (other than amounts which, by their terms, terminate upon the death of the Executive) if the Executive had continued to live, all such amounts, unless otherwise provided herein, shall be paid in accordance with the terms of this Agreement to the executors, personal representatives or administrators of the Executive's estate.View More
Variations of a "Successors Binding Agreement" Clause from Business Contracts
Successors Binding Agreement. 9.1 In addition to any obligations imposed by law upon any successor to the Company, the Company 6.1. Successors. Employer shall require any successor (whether direct or indirect, by purchase, merger, consolidation or otherwise) acquiring a majority of Employer's voting common stock or any other successor to all or substantially all of the business and/or assets of the Company Employer to expressly assume and agree to perform this Agreement in the same manner and to the same extent that the Comp...any Employer would be required to perform it if no such succession had taken place. Failure of the Company place and Employee hereby consents to obtain such assumption and agreement prior to the effectiveness of any such succession assignment. In such event, "Employer" shall be a breach mean Employer as previously defined and any successor to its business and/or assets which 13 executes and delivers the agreement provided for in this Section 6 or which otherwise becomes bound by all the terms and provisions of this Agreement. 9.2 Agreement by operation of law. This Section shall not limit Employee's ability to terminate this Agreement in the circumstances described in Section 4.6. 6.2. Benefit. This Agreement and all rights of Employee under this Agreement shall inure to the benefit of and be enforceable by the Executive's Employee's personal or legal representatives, executors, administrators, successors, heirs, distributees, devisees and legatees. If Employee should die after the Executive shall die while any amount termination date and amounts would still be have been payable to the Executive hereunder (other than amounts which, by their terms, terminate upon the death of the Executive) Employee under this Agreement if the Executive Employee had continued to live, all including under Section 5 hereof, then such amounts, unless otherwise provided herein, amounts shall be paid in accordance with the terms of this Agreement to the executors, personal representatives Employee's devisee, legatee, or administrators of the Executive's other designee or, if there is no such designee, Employee's estate. View More
Successors Binding Agreement. 9.1 In addition to any obligations imposed by law upon any successor to the Company, the Company 6.1. Successors. Employer shall require any successor (whether direct or indirect, by purchase, merger, consolidation or otherwise) acquiring a majority of Employer's voting common stock or any other successor to all or substantially all of the business and/or assets of the Company Employer to expressly assume and agree to perform this Agreement in the same manner and to the same extent 11 that the C...ompany Employer would be required to perform it if no such succession had taken place. Failure of the Company place and Employee hereby consents to obtain such assumption and agreement prior to the effectiveness of any such succession assignment. In such event, "Employer" shall be a breach mean Employer as previously defined and any successor to its business and/or assets which executes and delivers the agreement provided for in this Section 6 or which otherwise becomes bound by all the terms and provisions of this Agreement. 9.2 Agreement by operation of law. This Section shall not limit Employee's ability to terminate this Agreement in the circumstances described in Section 4.7 in the event of a Change in Control. 6.2. Benefit. This Agreement and all rights of Employee under this Agreement shall inure to the benefit of and be enforceable by the Executive's Employee's personal or legal representatives, executors, administrators, successors, heirs, distributees, devisees and legatees. If Employee should die after the Executive shall die while any amount termination date and amounts would still be have been payable to the Executive hereunder (other than amounts which, by their terms, terminate upon the death of the Executive) Employee under this Agreement if the Executive Employee had continued to live, all including under Section 5 hereof, then such amounts, unless otherwise provided herein, amounts shall be paid in accordance with the terms of this Agreement to the executors, personal representatives Employee's devisee, legatee, or administrators of the Executive's other designee or, if there is no such designee, Employee's estate. View More
Successors Binding Agreement. 9.1 In addition to any obligations imposed by law upon any successor to the Company, the Company 6.1. Successors. Employer shall require any successor (whether direct or indirect, by purchase, merger, consolidation or otherwise) acquiring a majority of Employer's voting common stock or any other successor to all or substantially all of the business and/or assets of the Company Employer to expressly assume and agree to perform this Agreement in the same manner and to the same extent that the Comp...any Employer would be required to perform it if no such succession had taken place. Failure of the Company place and Employee hereby consents to obtain such assumption and agreement prior to the effectiveness of any such succession assignment. In such event, "Employer" shall be a breach 12 mean Employer as previously defined and any successor to its business and/or assets which executes and delivers the agreement provided for in this Section 6 or which otherwise becomes bound by all the terms and provisions of this Agreement. 9.2 Agreement by operation of law. This Section shall not limit Employee's ability to terminate this Agreement in the circumstances described in Section 4.7 in the event of a Change in Control. 6.2. Benefit. This Agreement and all rights of Employee under this Agreement shall inure to the benefit of and be enforceable by the Executive's Employee's personal or legal representatives, executors, administrators, successors, heirs, distributees, devisees and legatees. If Employee should die after the Executive shall die while any amount termination date and amounts would still be have been payable to the Executive hereunder (other than amounts which, by their terms, terminate upon the death of the Executive) Employee under this Agreement if the Executive Employee had continued to live, all including under Section 5 hereof, then such amounts, unless otherwise provided herein, amounts shall be paid in accordance with the terms of this Agreement to the executors, personal representatives Employee's devisee, legatee, or administrators of the Executive's other designee or, if there is no such designee, Employee's estate. View More
Successors Binding Agreement. 9.1 In addition to any obligations imposed by law upon any successor to the Company, the Company 6.1 Successors. Employer shall require any successor (whether direct or indirect, by purchase, merger, consolidation or otherwise) acquiring a majority of Employer's voting common stock or any other successor to all or substantially all of the business and/or assets of the Company Employer to expressly assume and agree to perform this Agreement in the same manner and to the same extent that the Compa...ny Employer would be required to perform it if no such succession had taken place. Failure of the Company place and Employee hereby consents to obtain such assumption and agreement prior to the effectiveness of any such succession assignment. In such event, "Employer" shall be a breach mean Employer as previously defined and any successor to its business and/or assets which executes and delivers the agreement provided for in this Section 6 or which otherwise becomes bound by all the terms and provisions of this Agreement. 9.2 Agreement by operation of law. 6.2 Benefit. This Agreement and all rights of Employee under this Agreement shall inure to the benefit of and be enforceable by the Executive's Employee's personal or legal representatives, executors, administrators, successors, heirs, distributees, devisees and legatees. If Employee should die after the Executive shall die while any amount termination date and amounts would still be have been payable to the Executive hereunder (other than amounts which, by their terms, terminate upon the death of the Executive) Employee under this Agreement if the Executive Employee had continued to live, all including under Section 5 hereof, then such amounts, unless otherwise provided herein, amounts shall be paid in accordance with the terms of this Agreement to the executors, personal representatives Employee's devisee, legatee, or administrators of the Executive's other designee or, if there is no such designee, Employee's estate. View More
Successors Binding Agreement. 9.1 In addition to any obligations imposed by law upon any successor to the Company, the Company shall (a) EMPLOYER. Employer will require any successor (whether direct or indirect, by purchase, merger, consolidation consolidation, or otherwise) to all all, or substantially all of the business and/or assets assets, of the Company Employer, to expressly assume and agree to perform this Agreement in 6 the same manner and to the same extent that the Company Employer would be required to perform it ...if no such succession had taken place. Failure of the Company by Employer to obtain such assumption and agreement prior to the effectiveness of any such succession shall be constitute a breach of this Agreement. 9.2 As used in this Agreement, "Employer" shall mean Employer as defined previously and any successor to its business and/or assets as aforesaid which assumes and agrees to perform this Agreement by operation of law or otherwise. (b) EMPLOYEE. This Agreement shall inure to the benefit of and be enforceable by the Executive's Employee's personal or legal representatives, executors, administrators, successors, heirs, distributees, devisees devisees, and legatees. If the Executive shall Employee should die while after a Notice of Termination is delivered by Employee and any amount amounts would still be payable to the Executive hereunder (other than amounts which, by their terms, terminate upon the death of the Executive) Employee under this Agreement if the Executive Employee had continued to live, all such amounts, unless otherwise provided herein, amounts shall be paid in accordance with the terms of this Agreement to the executors, personal representatives Employee's devisee, legatee, or administrators of the Executive's other designee, or, if there is no such designee, to Employee's estate. View More
Successors Binding Agreement. 9.1 In addition to any obligations imposed by law upon any successor to the Company, the Company shall (a) Employer. Employer will require any successor (whether direct or indirect, by purchase, merger, consolidation consolidation, or otherwise) to all or substantially all of the business and/or assets of the Company Employer to expressly assume and agree to perform this Agreement in the same manner and to the same extent that the Company Employer would be required to perform it if no such succe...ssion had taken place. Failure of the Company by Employer to obtain such assumption and agreement prior to the effectiveness of any such succession shall be constitute a breach of this Agreement. 9.2 As used in this Agreement, "Employer" shall mean Employer as defined previously and any successor to its business and/or assets as aforesaid which assumes and agrees to perform this Agreement by operation of law or otherwise. (b) Employee. This Agreement shall inure to the benefit of and be enforceable by the Executive's Employee's personal or legal representatives, executors, administrators, successors, heirs, distributees, devisees devisees, and legatees. If the Executive shall Employee should die while after a Notice of Termination is delivered by Employee and any amount amounts would still be payable to the Executive hereunder (other than amounts which, by their terms, terminate upon the death of the Executive) Employee under this Agreement if the Executive Employee had continued to live, all such amounts, unless otherwise provided herein, amounts shall be paid in accordance with the terms of this Agreement to the executors, personal representatives Employee's devisee, legatee, or administrators of the Executive's other designee, or, if there is no such designee, to Employee's estate. View More
Successors Binding Agreement. 9.1 In addition to any obligations imposed by law upon any successor to the Company, the Company 6.1. Successors. Employer shall require any successor (whether direct or indirect, by purchase, merger, consolidation or otherwise) acquiring a majority of Employer's voting common stock or any other successor to all or substantially all of the business and/or assets of the Company Employer to expressly assume and agree to perform this Agreement in the same manner and to the same extent that the Comp...any Employer would be required to perform it if no such succession had taken place. Failure of the Company place and Employee hereby consents to obtain such assumption and agreement prior to the effectiveness of any such succession assignment. In such event, "Employer" shall be a breach mean Employer as previously defined and any successor to its business and/or assets which executes and delivers the agreement provided for in this Section 6 or which otherwise becomes bound by all the terms and provisions of this Agreement. 9.2 Agreement by operation of law. This Section shall not limit Employee's ability to terminate this Agreement in the circumstances described in Section 4.7 in the event of a Change in Control of Employer. 6.2. Benefit. This Agreement and all rights of Employee under this Agreement shall inure to the benefit of and be enforceable by the Executive's Employee's personal or legal representatives, executors, administrators, successors, heirs, distributees, devisees and legatees. If Employee should die after the Executive shall die while any amount termination date and amounts would still be have been payable to the Executive hereunder (other than amounts which, by their terms, terminate upon the death of the Executive) Employee under this Agreement if the Executive Employee had continued to live, all including under Section 5 hereof, then such amounts, unless otherwise provided herein, amounts shall be paid to Employee's devisee, legatee, or other designee or, if there is no such designee, Employee's estate. 11 7. Conflicts with Prior Employment Contract. Except as otherwise provided in accordance with the terms of this Agreement, this Agreement constitutes the entire agreement among the parties pertaining to the executors, personal representatives subject matter hereof, and supersedes and revokes any and all prior or administrators existing agreements, written or oral, relating to the subject matter hereof, and this Agreement shall be solely determinative of the Executive's estate. subject matter hereof. View More
Successors Binding Agreement. 9.1 In addition to any obligations imposed by law upon any successor to the Company, the Company 6.1 Successors. Employer shall require any successor (whether direct or indirect, by purchase, merger, consolidation or otherwise) acquiring a majority of Employer's voting common stock or any other successor to all or substantially all of the business and/or assets of the Company Employer to expressly assume and agree to perform this Agreement in the same manner and to the same extent that the Compa...ny Employer would be required to perform it if no such succession had taken place. Failure of the Company place and Employee hereby consents to obtain such assumption and agreement prior to the effectiveness of any such succession assignment. In such event, "Employer" shall be a breach mean Employer as previously defined and any successor to its business and/or assets which executes and delivers the agreement provided for in this Section 6 or which otherwise becomes bound by all the terms and provisions of this Agreement. 9.2 Agreement by operation of law. This Section 6.1 shall not limit Employee's ability to terminate this Agreement in the circumstances described in Section 4.6 hereof. 6.2 Benefit. This Agreement and all rights of Employee under this Agreement shall inure to the benefit of and be enforceable by the Executive's Employee's personal or legal representatives, executors, administrators, successors, heirs, distributees, devisees and legatees. If Employee should die after the Executive shall die while any amount termination date and amounts would still be have been payable to the Executive hereunder (other than amounts which, by their terms, terminate upon the death of the Executive) Employee under this Agreement if the Executive Employee had continued to live, all including under Section 5 hereof, then such amounts, unless otherwise provided herein, amounts shall be paid to Employee's devisee, legatee, or other designee or, if there is no such designee, Employee's estate. 7 7. Conflicts. Except as otherwise provided in accordance with the terms of this Agreement, this Agreement constitutes the entire agreement among the parties pertaining to the executors, personal representatives subject matter hereof, and supersedes and revokes any and all prior or administrators existing agreements, written or oral, relating to the subject matter hereof, and this Agreement shall be solely determinative of the Executive's estate. subject matter hereof. View More
Successors Binding Agreement. 9.1 In addition to any obligations imposed by law upon any successor to (a) The Bank and the Company, the Company shall Corporation will require any successor (whether direct or indirect, by purchase, merger, consolidation consolidation, or otherwise) to all or substantially all of the business businesses and/or assets of the Company Bank and the Corporation to expressly assume and agree to perform this Agreement in the same manner and to the same extent that the Company Bank and the Corporation... would be required to perform it if no such succession had taken place. Failure of by the Company Bank and the Corporation to obtain such assumption and agreement prior to the effectiveness of any such succession shall be constitute a breach of this Agreement. 9.2 As used in this Agreement, "the Bank and the Corporation" shall mean the Bank and the Corporation, as defined previously and any successor to their respective businesses and/or assets as aforesaid which assumes and agrees to perform this Agreement by operation of law or otherwise. 12 (b) This Agreement shall inure to the benefit of and be enforceable by the Executive's Employee's personal or legal representatives, executors, administrators, successors, heirs, distributees, devisees and legatees. If the Executive shall Employee should die while after a Notice of Termination is delivered by Employee, or following termination of Employee's employment without Cause, and any amount amounts would still be payable to the Executive hereunder (other than amounts which, by their terms, terminate upon the death of the Executive) Employee under this Agreement if the Executive Employee had continued to live, all such amounts, unless otherwise provided herein, amounts shall be paid in accordance with the terms of this Agreement to the executors, personal representatives Employee's devisee, legatee, or administrators of the Executive's other designee, or, if there is no such designee, to Employee's estate. View More
Successors Binding Agreement. 9.1 In addition to any obligations imposed by law upon any successor to (a) The Bank and the Company, the Company shall Corporation will require any successor (whether direct or indirect, by purchase, merger, consolidation consolidation, or otherwise) to all or substantially all of the business businesses and/or assets of the Company Bank and the Corporation to expressly assume and agree to perform this Agreement in the same manner and to the same extent that the Company Bank and the Corporation... would be required to perform it if no such succession had taken place. Failure of by the Company 12 Bank and the Corporation to obtain such assumption and agreement prior to the effectiveness of any such succession shall be constitute a breach of this Agreement. 9.2 As used in this Agreement, "the Bank and the Corporation" shall mean the Bank and the Corporation, as defined previously and any successor to their respective businesses and/or assets as aforesaid which assumes and agrees to perform this Agreement by operation of law or otherwise. (b) This Agreement shall inure to the benefit of and be enforceable by the Executive's Employee's personal or legal representatives, executors, administrators, successors, heirs, distributees, devisees and legatees. If the Executive shall Employee should die while after a Notice of Termination is delivered by Employee, or following termination of Employee's employment without Cause, and any amount amounts would still be payable to the Executive hereunder (other than amounts which, by their terms, terminate upon the death of the Executive) Employee under this Agreement if the Executive Employee had continued to live, all such amounts, unless otherwise provided herein, amounts shall be paid in accordance with the terms of this Agreement to the executors, personal representatives Employee's devisee, legatee, or administrators of the Executive's other designee, or, if there is no such designee, to Employee's estate. View More
