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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    and the Executive or any other person. To the extent that any person
    acquires a right to receive payments from the Company hereunder, such right
    shall be no greater than the right of an unsecured creditor of the Company.

10. Income Tax Withholding. The Company may withhold from any benefits payable
    under this Agreement all federal, state, city or other taxes that shall be
    required pursuant to any law or governmental regulation or ruling.

11. Effect of Prior Agreement. This Agreement contains the entire understanding
    between the parties hereto and supersedes any prior employment agreement
    between the Executive and the Company, except that this Agreement shall not
    affect or operate to reduce any benefit or compensation inuring to the
    Employee of a kind elsewhere provided and not expressly provided in this
    Agreement. Executive agrees to release, protect, defend, indemnify and hold
    harmless Company, its officers, directors, insurers, employees and
    representatives, from and against any and all claims, demands and causes of
    action, including reasonable attorneys' fees, arising in connection with any
    previous employment contract between the Executive and the Company in favor
    of Executive or his estate representatives, independent administrators or
    survivors.

12. Consolidation, Merger or Sale of Assets. Nothing in this Agreement shall
    preclude the Company from consolidating or merging into or with, or from
    transferring all or substantially all of its assets to, another corporation
    which assumes this Agreement and all obligations and undertakings of the
    Company hereunder; provided, that no such action shall diminish the
    Executive's rights hereunder. Upon such consolidation, merger, or transfer
    of assets, or any assumption of the Company, the term the "Company" as used
    herein, shall mean such other corporation.

13. General Provisions.

    a. Assignability; Attachment and Effect. Neither this Agreement nor any 
       right or interest hereunder shall be assignable by the Executive, his
       beneficiaries or legal representatives without prior written consent of
       the Company; provided, however, that this shall not preclude (i) the
       Executive from designating a beneficiary to receive any benefit payable
       hereunder or upon his death, or (ii) the executors, administrators or
       legal representatives of the Executive 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, 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 and its successors and assigns.

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