Common use of Assignment and Survivorship of Benefits Clause in Contracts

Assignment and Survivorship of Benefits. The rights and obligations of the Company under this Agreement shall inure to the benefit of, and shall be binding upon, the successors and assigns of the Company. If the Company shall at any time be merged or consolidated into, or with, any other company, or if substantially all of the assets of the Company are transferred to another company, then the provisions of this Agreement shall be binding upon and inure to the benefit of the company resulting from such merger or consolidation or to which such assets have been transferred, and this provision shall apply in the event of any subsequent merger, consolidation, or transfer.

Appears in 14 contracts

Sources: Employment Agreement (ADVANCED MEDICAL ISOTOPE Corp), Employment Agreement (Dominion Homes Inc), Employment Agreement (Dominion Homes Inc)

Assignment and Survivorship of Benefits. The rights and obligations of the Company under this Agreement shall inure to the benefit of, and shall be binding upon, the successors and assigns of the Company. If the Company shall at any time be merged or consolidated into, or with, any other company, or if all or substantially all of the assets or outstanding voting securities of the Company are transferred to another company, then the provisions of this Agreement shall be binding upon and inure to the benefit of the company resulting from such merger or consolidation or to which such assets or securities have been transferred, and this provision shall apply in the event of any subsequent merger, consolidation, or transfer.

Appears in 3 contracts

Sources: Employment Agreement (Dominion Homes Inc), Employment Agreement (Dominion Homes Inc), Employment Agreement (Dominion Homes Inc)

Assignment and Survivorship of Benefits. The rights and obligations of the Company under this Agreement shall will inure to the benefit of, and shall will be binding upon, the successors and assigns of the Company. If the Company shall at any time be merged or consolidated into, or with, any other company, or if substantially all of the assets of the Company are transferred to another company, then the provisions of this Agreement shall will be binding upon and inure to the benefit of the company resulting from such merger or consolidation or to which such assets have been transferred, and this provision shall Section 13 will apply in the event of any subsequent merger, consolidation, or transfer.

Appears in 1 contract

Sources: Executive Employment Agreement (Diamond Hill Investment Group Inc)

Assignment and Survivorship of Benefits. The rights and obligations of the Company under this Agreement shall inure to the benefit of, and shall be binding upon, the successors and assigns of the Company. If the Company shall at any time be merged or consolidated into, or with, any other company, or if substantially all of the assets of the Company are arc transferred to another company, then the provisions of this Agreement shall be binding upon and inure to the benefit of the company resulting from such merger or consolidation or to which such assets have been transferred, and this provision shall apply in the event of any subsequent merger, consolidation, or transfer.

Appears in 1 contract

Sources: Employment Agreement (ADVANCED MEDICAL ISOTOPE Corp)