The rights and obligations of Bank under this Agreement shall inure to the benefit of and shall be binding upon the successors and assigns of Bank, including without limitation a purchaser of all or substantially all of the assets of Bank. If this Agreement is assigned pursuant to the foregoing sentence, the assignment shall be by novation and the assignor shall have no further liability hereunder, and the successor or assign, as applicable, shall become the “Bank” or “Employer” hereunder, but Executive will not be deemed to have experienced a termination of employment by virtue of such assignment. This Agreement is a personal contract and the rights and interest of Executive may not be assigned by Executive. This Agreement shall inure to the benefit of and be enforceable by Executive and Executive’s personal or legal representatives, executors, administrators, heirs, distributees, devisees, and legatees.