Common use of AND AMENDMENT Clause in Contracts

AND AMENDMENT. This Agreement is personal to the Executive and may not be assigned by her without the prior written consent of the Employer. Upon notice to the Executive, this Agreement may he assigned by the Employer at its option. Subject to the foregoing, this Agreement shall enure to the benefit of and be binding upon the parties and their respective successors, heirs, executors, administrators, personal representatives and permitted assigns. Notwithstanding the foregoing, in the event that this Agreement is assigned by the Employer, such assignment shall only be effective upon the assignee thereof agreeing to be bound by the terms hereof as if it were an original signatory thereto and further provided that the Employer shall not be relieved of any of its obligations hereunder. This Agreement may be amended only by the written agreement of the parties hereto and/or their respective successors, heirs, executors, administrators, personal representatives and permitted assigns.