Harbinger Group Inc.
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SEC Filings

10-K
HRG GROUP, INC. filed this Form 10-K on 12/29/1994
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administrators, or other legal representatives of the Consultant or his estate
from assigning any rights hereunder to the person or persons entitled thereto.
Except as required by law, no right to receive payments under this Agreement
shall be subject to anticipation, commutation, alienation, sale, assignment,
encumbrance, charge, pledge, hypothecation, execution, attachment, levy, or
similar process or assignment by operation of law, and any attempt, voluntary or
involuntary, to effect such action shall be null, void and of no effect. This
Agreement shall be binding upon and inure to the benefit of the Company, its
successors and assigns.

                 11. Assignment and Binding Effect. This Agreement may not be
assigned by any party hereto without the prior written consent of the other
party. Subject to the foregoing, all of the terms and provisions of this
Agreement shall be binding upon and inure to the benefit of, and be enforceable
by, the successors and assigns of the Consultant and the Company.

                 12. Termination. This Agreement and the benefits payable to
Consultant hereunder shall be terminable by the Company only for "Cause." For
purposes of this Agreement, "Cause" shall be termination resulting from

                     (i)  an act or acts of fraud, theft or embezzlement on the
                          part of Consultant or other criminal act which
                          adversely affects the Company or its business
                          reputation; or

                     (ii) a breach by the Consultant during the Term of this
                          Agreement of the provisions of Sections 6, 7 or 8
                          hereof.

                 13. Renewal. This Agreement may be renewed for any number of
 additional terms upon such terms and conditions as may be mutually agreed to
 by the parties hereto or their respective successors and assigns.

                 14. Waiver, Severability and Amendment of Agreement. This
Agreement may not be modified or amended except by an instrument in writing
signed by the parties hereto. No term or condition of this Agreement shall be
deemed to have been waived, nor shall there be an estoppel against the
enforcement of any provision of this Agreement, except by written instrument of
the party charged with such waiver or estoppel. No such written waiver shall be
deemed a continuing waiver unless specifically stated therein, and each such
waiver shall operate only as to the specific term or condition waived and shall
not constitute a waiver of such term or condition for the future or as to any
act other than that specifically waived. If, for any reason, any provision of
this Agreement is held invalid, such invalidity shall not affect any other
provision of this Agreement not held so invalid, and each such other provision
shall to the full extent consistent with law continue in full force and effect.
If any provision of this Agreement shall be held invalid in part, such
invalidity shall in no way effect the rest of such provision not held so
invalid, and the rest of such provision, together with all provisions of this
Agreement, shall to the full extent consistent with law

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