Successors Clause Example with 387 Variations from Business Contracts

This page contains Successors 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. (a) The Company's Successors. Any successor to the Company (whether direct or indirect and whether by purchase, merger, consolidation, liquidation or otherwise) to all or substantially all of the Company's business and/or assets shall assume the obligations under this Agreement and agree expressly to perform the obligations under this Agreement in the same manner and to the same extent as the Company would be required to perform such obligations in the absence of a succession. For all purposes u...nder this Agreement, the term "Company" shall include any successor to the Company's business and/or assets which executes and delivers the assumption agreement described in this Section 7(a) or which becomes bound by the terms of this Agreement by operation of law. (b) Executive's Successors. The terms of this Agreement and all rights of Executive hereunder shall inure to the benefit of, and be enforceable by, Executive's personal or legal representatives, executors, administrators, successors, heirs, distributees, devisees and legatees. View More

Variations of a "Successors" Clause from Business Contracts

Successors. (a) The Company's Successors. Any successor This Agreement is personal to the Executive and without the prior written consent of the Company shall not be assignable by the Executive otherwise than by will or the laws of descent and distribution. This Agreement shall inure to the benefit of and be enforceable by the Executive's legal representatives. 11 (b) This Agreement shall inure to the benefit of and be binding upon the Company and its successors and assigns. (c) The Company will require any... successor (whether direct or indirect and whether indirect, by purchase, merger, consolidation, liquidation consolidation or otherwise) to all or substantially all of the Company's business and/or assets shall of the Company to assume the obligations under this Agreement expressly and agree expressly to perform the obligations under this Agreement in the same manner and to the same extent as that the Company would be required to perform it if no such succession had taken place. The Company agrees that it will not effect the sale or other disposition of all or substantially all of its assets unless either (1) the person or entity acquiring the assets or a substantial portion of the assets shall expressly assume by an instrument in writing all duties and obligations in of the absence Company under this Agreement or (2) the Company shall provide through the establishment of a succession. For separate reserve for the payment in full of all purposes amounts that are or may be reasonably expected to become payable to the Executive under this Agreement. As used in this Agreement, the term "Company" shall include mean the Company as herein before defined and any successor to the Company's its business and/or assets as aforesaid which executes assumes and delivers the assumption agreement described in this Section 7(a) or which becomes bound by the terms of agrees to perform this Agreement by operation of law. (b) Executive's Successors. The terms of this Agreement and all rights of Executive hereunder shall inure to the benefit of, and be enforceable by, Executive's personal law, or legal representatives, executors, administrators, successors, heirs, distributees, devisees and legatees. otherwise. View More
Successors. (a) The Company's Successors. Any successor This Agreement is personal to the Executive and, without the prior written consent of the Company, shall not be assignable by the Executive. This Agreement shall inure to the benefit of and be enforceable by the Executive's legal representatives, including by will or the laws of descent and distribution. (b) This Agreement shall inure to the benefit of and be binding upon the Company (whether direct or indirect and whether by purchase, merger, consolid...ation, liquidation or otherwise) its successors. The Company shall require any successor to all or substantially all of the Company's business and/or assets shall of the Company, whether direct or indirect, by purchase, merger, consolidation, acquisition of stock, or otherwise, by an agreement in form and substance satisfactory to the Executive, expressly to assume the obligations under this Agreement and agree expressly to perform the obligations under this Agreement in the same manner and to the same extent as the Company would be required to perform if no such obligations in the absence of a succession. For all purposes under this Agreement, the term "Company" shall include any successor to the Company's business and/or assets which executes and delivers the assumption agreement described in this Section 7(a) or which becomes bound by the terms of this Agreement by operation of law. (b) Executive's Successors. The terms of this Agreement and all rights of Executive hereunder shall inure to the benefit of, and be enforceable by, Executive's personal or legal representatives, executors, administrators, successors, heirs, distributees, devisees and legatees. succession had taken place. View More
Successors. (a) The Company's Successors. Any successor This Agreement is personal to the Executive and without the prior written consent of the Company shall not be assignable by the Executive otherwise than by will or the laws of descent and distribution. This Agreement shall inure to the benefit of and be enforceable by the Executive and the Executive's legal representatives. (b) No rights or obligations of the Company under this Agreement may be assigned or transferred by the Company without the Executi...ve's prior written consent, except that such rights or obligations may be assigned or transferred pursuant to a merger or consolidation in which the Company is not the continuing entity, or a sale, liquidation or other disposition of all or substantially all of the assets of the Company, provided that the terms and conditions of Paragraph 7(c) below are satisfied. This Agreement shall inure to the benefit of and be binding upon the Company and its successors and permitted assigns. (c) The Company shall require any successor (whether direct or indirect and whether indirect, by purchase, merger, consolidation, liquidation consolidation or otherwise) to all or substantially all of the Company's business and/or assets shall of the Company to assume the obligations under this Agreement expressly, and agree expressly to perform the obligations under this Agreement in the same manner and to the same extent as that the Company would be required to perform it if no such obligations succession had taken place, all within ten (10) days after the occurrence of the applicable event. As used in the absence of a succession. For all purposes under this Agreement, "Company" means the term "Company" shall include Company as hereinbefore defined and any successor to the Company's its business and/or assets as aforesaid which executes assumes and delivers the assumption agreement described in this Section 7(a) or which becomes bound by the terms of agrees to perform this Agreement by operation of law. (b) Executive's Successors. The terms of this Agreement and all rights of Executive hereunder shall inure to the benefit of, and be enforceable by, Executive's personal law, or legal representatives, executors, administrators, successors, heirs, distributees, devisees and legatees. otherwise. View More
Successors. (a) The Company's Successors. Any successor This Agreement is personal to the Executive and without the prior written consent of the Company shall not be assignable by the Executive other than by will or the laws of descent and distribution. This Agreement shall inure to the benefit of and be enforceable by the Executive's legal representatives. (b) This Agreement shall inure to the benefit of and be binding upon the Company and its successors and assigns. Except as provided in Section 11(c), wi...thout the prior written consent of the Executive this Agreement shall not be assignable by the Company. (c) The Company will require any successor (whether direct or indirect and whether indirect, by purchase, merger, consolidation, liquidation consolidation or otherwise) to all or substantially all of the Company's business and/or assets shall of the Company to assume the obligations under this Agreement expressly and agree expressly to perform the obligations under this Agreement in the same manner and to the same extent as that the Company would be required to perform it if no such obligations succession had taken place. As used in the absence of a succession. For all purposes under this Agreement, the term "Company" shall include mean the Company as hereinbefore defined and any successor to the Company's its business and/or assets which executes as aforesaid that assumes and delivers the assumption agreement described in this Section 7(a) or which becomes bound by the terms of agrees to perform this Agreement by operation of law. (b) Executive's Successors. The terms of this Agreement and all rights of Executive hereunder shall inure to the benefit of, and be enforceable by, Executive's personal law, or legal representatives, executors, administrators, successors, heirs, distributees, devisees and legatees. otherwise. View More
Successors. (a) The Company's Successors. Any successor This Agreement is personal to the Executive and without the prior written consent of the Company shall not be assignable by the Executive otherwise than by will or the laws of descent and distribution. This Agreement shall inure to the benefit of and be enforceable by the Executive's legal representatives. (b) This Agreement shall inure to the benefit of and be binding upon the Company and its successors and assigns. (c) This Agreement may not be assig...ned by the Company, other than to a member of the Company Group, without the written consent of the Executive, and the Company will require any successor (whether direct or indirect and whether indirect, by purchase, merger, consolidation, liquidation or otherwise) to all or substantially all of the Company's business and/or assets shall of the Company, to assume the obligations under this Agreement expressly and agree expressly to perform the obligations under this Agreement in the same manner and to the same extent as that the Company would be required to perform it if no such obligations succession had taken place. In the event that the Company obtains the express assumption and agreement to perform this Agreement as contemplated by the preceding sentence, the Executive agrees that his execution of this Agreement shall serve as his written consent in the absence of a succession. For all purposes under such circumstance. As used in this Agreement, the term "Company" shall include mean the Company as hereinbefore defined and any successor to the Company's its business and/or assets as aforesaid which executes assumes and delivers the assumption agreement described in this Section 7(a) or which becomes bound by the terms of agrees to perform this Agreement by operation of law. (b) Executive's Successors. The terms of this Agreement and all rights of Executive hereunder shall inure to the benefit of, and be enforceable by, Executive's personal law, or legal representatives, executors, administrators, successors, heirs, distributees, devisees and legatees. otherwise. View More
Successors. (a) The Company's Successors. Any successor This Agreement is personal to the Executive and, without the prior written consent of the Company, shall not be assignable by the Executive otherwise than by will or the laws of descent and distribution. This Agreement shall inure to the benefit of and be enforceable by the Executive's legal representatives. (b) This Agreement shall inure to the benefit of and be binding upon the Company and its successors and assigns. (c) The Company shall require any... successor (whether direct or indirect and whether indirect, by purchase, merger, consolidation, liquidation consolidation or otherwise) to all or substantially all of the Company's business and/or assets shall of 8 the Company expressly to assume the obligations under this Agreement and agree expressly to perform the obligations under this Agreement in the same manner and to the same extent as that the Company would be have been required to perform it if no such obligations succession had taken place. As used in the absence of a succession. For all purposes under this Agreement, the term "Company" shall include mean both the Company as defined above and any such successor that assumes and agrees to the Company's business and/or assets which executes and delivers the assumption agreement described in perform this Section 7(a) or which becomes bound by the terms of this Agreement Agreement, by operation of law. (b) Executive's Successors. The terms of this Agreement and all rights of Executive hereunder shall inure to the benefit of, and be enforceable by, Executive's personal law or legal representatives, executors, administrators, successors, heirs, distributees, devisees and legatees. otherwise. View More
Successors. (a) The Company's Successors. Any successor to the Company (whether direct or indirect and whether by purchase, lease, merger, consolidation, liquidation or otherwise) to all or substantially all of the Company's business and/or assets shall assume the Company's obligations under this Agreement and agree expressly to perform the Company's obligations under this Agreement in the same manner and to the same extent as the Company would be required to perform such obligations in the absence of a suc...cession. For all purposes under this Agreement, the term "Company" shall include any successor to the Company's business and/or assets which executes and delivers the assumption agreement described in this Section 7(a) subsection (a) or which becomes bound by the terms of this Agreement by operation of law. (b) Executive's Successors. The Without the written consent of the Company, Executive shall not assign or transfer this Agreement or any right or obligation under this Agreement to any other person or entity. Notwithstanding the foregoing, the terms of this Agreement and all rights of Executive hereunder shall inure to the benefit of, and be enforceable by, Executive's personal or legal representatives, executors, administrators, successors, heirs, distributees, devisees and legatees. 7 13. Notices. (a) General. Notices and all other communications contemplated by this Agreement shall be in writing and shall be deemed to have been duly given when personally delivered or when mailed by U.S. registered or certified mail, return receipt requested and postage prepaid. In the case of Executive, mailed notices shall be addressed to him at the home address which he most recently communicated to the Company in writing. In the case of the Company, mailed notices shall be addressed to its corporate headquarters, and all notices shall be directed to the attention of its Secretary. (b) Notice of Termination. Any termination by the Company for Cause or by Executive as a result of an Involuntary Termination shall be communicated by a notice of termination to the other party hereto given in accordance with this Section 13. Such notice shall indicate the specific termination provision in this Agreement relied upon, shall set forth in reasonable detail the facts and circumstances claimed to provide a basis for termination under the provision so indicated, and shall specify the Termination Date (which shall be not more than thirty (30) days after the giving of such notice). The failure by Executive to include in the notice any fact or circumstance which contributes to a showing of Involuntary Termination shall not waive any right of Executive hereunder or preclude Executive from asserting such fact or circumstance in enforcing his rights hereunder, subject to the requirements of Section 1(c). View More
Successors. (a) The Company's Successors. Any successor This Agreement is personal to the Executive and without the prior written consent of the Company shall not be assignable by the Executive otherwise than by will or the laws of descent and distribution. This Agreement shall inure to the benefit of and be enforceable by the Executive's legal representatives. (b) This Agreement shall inure to the benefit of and be binding upon the Company and its successors and assigns. (c) The Company will require any su...ccessor (whether direct or indirect and whether indirect, by purchase, merger, consolidation, liquidation consolidation or otherwise) to all or substantially all of the Company's business and/or assets shall of the Company to assume the obligations under this Agreement expressly and agree expressly to perform the obligations under this Agreement in the same manner and to the same extent as that the Company would be required to perform it if no such succession had taken place. The Company agrees that it will not effect the sale or other disposition of all or substantially all of its assets unless either (1) the person or entity acquiring the assets or a substantial portion of the assets shall expressly assume by an instrument in writing all duties and obligations in of the absence Company under this Agreement or (2) the Company shall provide through the establishment of a succession. For separate reserve for the payment in full of all purposes amounts that are or may be reasonably expected to become payable to the Executive under this Agreement. As used in this Agreement, the term "Company" shall include mean the Company as herein before defined and any successor to the Company's its business and/or assets as aforesaid which executes assumes and delivers the assumption agreement described in this Section 7(a) or which becomes bound by the terms of agrees to perform this Agreement by operation of law. (b) Executive's Successors. The terms of this Agreement and all rights of Executive hereunder shall inure to the benefit of, and be enforceable by, Executive's personal law, or legal representatives, executors, administrators, successors, heirs, distributees, devisees and legatees. otherwise. View More
Successors. (a) The Company's Successors. Any successor 9.1 This Agreement is personal to the Executive and without the prior written consent of the Company shall not be assigned by the Executive otherwise than by will or the laws of descent and distribution. This Agreement shall inure to the benefit of and be enforceable by the Executive's legal representatives. 9.2 This Agreement shall inure to the benefit of and be binding upon the Company and its successors and assigns. 9.3 The Company will require any ...successor (whether direct or indirect and whether indirect, by purchase, merger, consolidation, liquidation consolidation or otherwise) to all or substantially all of the Company's business and/or assets shall of the Company to assume the obligations under this Agreement expressly and agree expressly to perform the obligations under this Agreement in the same manner and to the same extent as that the Company would be required to perform it if no such obligations succession had taken place. As used in the absence of a succession. For all purposes under this Agreement, the term "Company" shall include mean the Company as defined above and any successor to the Company's its business and/or assets as aforesaid which executes assumes and delivers the assumption agreement described in this Section 7(a) or which becomes bound by the terms of agrees to perform this Agreement by operation of law. (b) Executive's Successors. The terms of this Agreement and all rights of Executive hereunder shall inure to the benefit of, and be enforceable by, Executive's personal law, or legal representatives, executors, administrators, successors, heirs, distributees, devisees and legatees. otherwise. View More
Successors. (a) The Company's Successors. Any successor Assignment of Agreement. This Agreement is personal to the Executive and, without the prior written consent of the Company, shall not be assignable by the Executive otherwise than by will or the laws of descent and distribution. (b) Successors of the Company. No rights or obligations of the Company under this Agreement may be assigned or transferred except that the Company will require any successor (whether direct or indirect and whether indirect, by ...purchase, merger, consolidation, liquidation consolidation or otherwise) to all or substantially all of the Company's business and/or assets shall of the Company to expressly assume the obligations under this Agreement and agree expressly to perform the obligations under this Agreement in the same manner and to the same extent as that the Company would be required to perform it if no such obligations succession had taken place. As used in the absence of a succession. For all purposes under this Agreement, the term "Company" shall include mean the Company as hereinbefore defined and any successor to the Company's business and/or assets which that executes and delivers the assumption agreement described provided for in this Section 7(a) section 12 or which otherwise becomes bound by all the terms and provisions of this Agreement by operation of law. (b) Executive's Successors. The terms of this Agreement and all rights of Executive hereunder shall inure to the benefit of, and be enforceable by, Executive's personal or legal representatives, executors, administrators, successors, heirs, distributees, devisees and legatees. View More