Common use of Agreement Binding on Parties Clause in Contracts

Agreement Binding on Parties. This Agreement is solely between the Bank and the Executive. The Executive, his Beneficiary or Beneficiaries or any other persons claiming through the Executive shall have recourse only against the Bank for enforcement of this Agreement. However, this Agreement shall be binding upon the Executive; the Beneficiary or Beneficiaries, beneficiaries, heirs, executors, and administrators of the Executive; and upon the Bank and the successors and assigns of the Bank.

Appears in 2 contracts

Sources: Deferred Compensation Agreement (Eureka Financial Corp.), Deferred Compensation Agreement (Eureka Financial Corp.)