Common use of Non-Assignment; Successors Clause in Contracts

Non-Assignment; Successors. This Agreement is personal to each of the parties hereto. Except as provided in this Section 4(f), no party may assign or delegate any rights or obligations hereunder without first obtaining the advanced written consent of the other parties hereto. Any purported assignment or delegation by the Executive in violation of the foregoing shall be null and void ab initio and of no force and effect. The Company may assign this Agreement to a person or entity that is an affiliate of the Company or to any successor to all or substantially all of the business and/or assets of the Company, which assumes in writing, or by operation of law, the obligations of the Company hereunder.

Appears in 6 contracts

Sources: Transaction Bonus and Noncompetition Agreement (KLX Inc.), Transaction Bonus and Noncompetition Agreement (KLX Inc.), Transaction Bonus and Noncompetition Agreement (KLX Inc.)

Non-Assignment; Successors. This Agreement is personal to each of the parties hereto. Except as provided in this Section 4(f3(f), no party may assign or delegate any rights or obligations hereunder without first obtaining the advanced written consent of the other parties hereto. Any purported assignment or delegation by the Executive in violation of the foregoing shall be null and void ab initio and of no force and effect. The Company may assign this Agreement to a person or entity that is an affiliate of the Company or to any successor to all or substantially all of the business and/or assets of the Company, which assumes in writing, or by operation of law, the obligations of the Company hereunder.

Appears in 2 contracts

Sources: Transaction Bonus Agreement (B/E Aerospace Inc), Transaction Bonus Agreement (B/E Aerospace Inc)

Non-Assignment; Successors. This Agreement is personal to each of the parties hereto. Except as provided in this Section 4(f2(f), no party may assign or delegate any rights or obligations hereunder without first obtaining the advanced written consent of the other parties party hereto. Any purported assignment or delegation by the Executive in violation of the foregoing shall be null and void ab initio and of no force and effect. The Company may assign this Agreement to a person or entity that is an affiliate of the Company or to any successor to all or substantially all of the business and/or assets of the Company, which assumes in writing, or by operation of law, the obligations of the Company hereunder.

Appears in 1 contract

Sources: Retention Bonus Agreement (Trinity Capital Inc.)

Non-Assignment; Successors. This Agreement is personal to each of the parties hereto. Except as provided in this Section 4(f)7, no party may assign or delegate any rights or obligations hereunder without first obtaining the advanced written consent of the other parties hereto. Any purported assignment or delegation by the Executive Employee in violation of the foregoing shall be null and void ab initio and of no force and effect. The Company may assign this Agreement to a person or entity that is an affiliate of the Company or to any successor to all or substantially all of the business and/or assets of the Company, which Company that assumes in writing, or by operation of law, the obligations of the Company hereunder.

Appears in 1 contract

Sources: Employment Agreement (Enova International, Inc.)