Common use of Alienability and Assignment Prohibition Clause in Contracts

Alienability and Assignment Prohibition. Neither the Executive, his/her surviving spouse nor any other beneficiary under this Agreement shall have any power or right to transfer, assign, anticipate, hypothecate, mortgage, commute, modify or otherwise encumber in advance any of the benefits payable hereunder nor shall any of said benefits be subject to seizure for the payment of any debts, judgments, alimony or separate maintenance owed by the Executive or his beneficiary, nor be transferable by operation of law in the event of bankruptcy, insolvency or otherwise. In the event the Executive or any beneficiary attempts assignment, commutation, hypothecation, transfer or disposal of the benefits hereunder, the Bank's liabilities shall forthwith cease and terminate.

Alienability and Assignment Prohibition. Neither the ExecutiveDirector, his/her surviving spouse his widow nor any other beneficiary under this Agreement shall have any power or right to transfer, assign, anticipate, hypothecate, mortgage, commute, modify or otherwise encumber in advance any of the benefits payable hereunder nor shall any of said benefits be subject to seizure for the payment of any debts, judgments, alimony or separate maintenance owed by the Executive Director or his beneficiary, nor be transferable by operation of law in the event of bankruptcy, insolvency or otherwise. In the event the Executive Director or any beneficiary attempts assignment, commutation, hypothecation, transfer or disposal of the benefits hereunder, the Bank's liabilities shall forthwith cease and terminate.

Alienability and Assignment Prohibition. Neither the Executive, his/her surviving spouse Executive nor any other beneficiary Beneficiary under this Agreement shall have any power or right to transfer, assign, anticipate, hypothecate, mortgage, commute, modify or otherwise encumber in advance any of the benefits payable hereunder without prior approval of the Bank, nor shall any of said benefits be subject to seizure for the payment of any debts, judgments, alimony or separate maintenance owed by the Executive or his beneficiarythe Executive’s Beneficiary, nor be transferable by operation of law in the event of bankruptcy, insolvency or otherwise. In the event the Executive or any beneficiary Beneficiary attempts assignment, commutation, hypothecation, transfer or disposal of the benefits hereunder, such attempt shall be void and have no effect and shall not be recognized by the Bank's liabilities shall forthwith cease and terminate.

Alienability and Assignment Prohibition. Neither the Executive, his/her his surviving spouse nor any other beneficiary Beneficiary under this Agreement shall have any power or right to transfer, assign, anticipate, hypothecate, mortgage, commute, modify or otherwise encumber in advance any of the benefits payable hereunder nor shall any of said benefits be subject to seizure for the payment of any debts, judgments, alimony or separate maintenance owed by the Executive or his beneficiaryBeneficiary, nor be transferable by operation of law in the event of bankruptcy, insolvency or otherwise. In the event the Executive or any beneficiary Beneficiary attempts assignment, commutation, hypothecation, transfer or disposal of the benefits hereunder, the Bank's liabilities shall forthwith cease and terminate.

Alienability and Assignment Prohibition. Neither the Executive, his/her his surviving spouse nor any other beneficiary Beneficiary under this Agreement shall have any power or right to transfer, assign, anticipate, hypothecate, mortgage, commute, modify or otherwise encumber in advance any of the benefits payable hereunder nor shall any of said benefits be subject to seizure for the payment of any debts, judgments, alimony or separate maintenance owed by the Executive or his beneficiaryBeneficiary, nor be transferable by operation of law in the event of bankruptcy, insolvency or otherwise. In the event the Executive or any beneficiary Beneficiary attempts assignment, commutation, hypothecation, transfer or disposal of the benefits hereunder, the Bank's ’s liabilities shall forthwith cease and terminate.

Alienability and Assignment Prohibition. Neither the ExecutiveDirector, his/her surviving spouse nor any other beneficiary under this Agreement shall have any power or right to transfer, assign, anticipate, hypothecate, mortgage, commute, modify or otherwise encumber in advance any of the benefits payable hereunder nor shall any of said benefits be subject to seizure for the payment of any debts, judgments, alimony or separate maintenance owed by the Executive Director or his beneficiary, nor be transferable by operation of law in the event of bankruptcy, insolvency or otherwise. In the event the Executive Director or any beneficiary attempts assignment, commutation, hypothecation, transfer or disposal of the benefits hereunder, the Bank's liabilities shall forthwith cease and terminate.

Alienability and Assignment Prohibition. Neither the ExecutiveDirector, his/her surviving spouse nor any other beneficiary under this Agreement shall have any power or right to transfer, assign, anticipate, hypothecate, mortgage, commute, modify or otherwise encumber in advance any of the benefits payable hereunder nor shall any of said benefits be subject to seizure for the payment of any debts, judgments, alimony or separate maintenance owed by the Executive Director or his beneficiarythe Director's beneficiary(ies), nor be transferable by operation of law in the event of bankruptcy, insolvency or otherwise. In the event the Executive Director or any beneficiary attempts assignment, commutation, hypothecation, transfer or disposal of the benefits hereunder, the Bank's liabilities shall forthwith cease and terminate.

Alienability and Assignment Prohibition. Neither the ExecutiveOfficer, his/her nor the Officer’s surviving spouse spouse, nor any other beneficiary Beneficiary under this Agreement shall have any power or right to transfer, assign, anticipate, hypothecate, mortgage, commute, modify or otherwise encumber in advance any of the benefits payable hereunder nor shall any of said benefits be subject to seizure for the payment of any debts, judgments, alimony or separate maintenance owed by the Executive Officer or his beneficiarythe Officer’s Beneficiary, nor be transferable by operation of law in the event of bankruptcy, insolvency or otherwise. In the event the Executive Officer or any beneficiary Beneficiary attempts assignment, commutation, hypothecation, transfer or disposal of the benefits hereunder, the Bank's ’s liabilities shall forthwith cease and terminate.

Alienability and Assignment Prohibition. Neither the ExecutiveDirector, his/her surviving spouse nor any other beneficiary under this Agreement shall have any power or right to transfer, assign, anticipate, hypothecate, mortgage, commute, modify or otherwise encumber in advance any of the benefits payable hereunder nor shall any of said benefits be subject to seizure for the payment of any debts, judgments, alimony or separate maintenance owed by the Executive Director or his beneficiarythe Director’s beneficiary(ies), nor be transferable by operation of law in the event of bankruptcy, insolvency or otherwise. In the event the Executive Director or any beneficiary attempts assignment, commutation, hypothecation, transfer or disposal of the benefits hereunder, the Bank's ’s liabilities shall forthwith cease and terminate.

Alienability and Assignment Prohibition. Neither the Executive, his/her surviving spouse his widow nor any other beneficiary under this Agreement shall have any power or right to transfer, assign, anticipate, hypothecate, mortgage, commute, modify or otherwise encumber in advance any of the benefits payable hereunder nor shall any of said such benefits be subject to seizure for the payment of any debts, judgments, alimony or separate maintenance owed by the Executive or his beneficiary, nor be transferable by operation of law in the event of bankruptcy, insolvency or otherwise. In the event the Executive or any beneficiary attempts attempt assignment, commutation, hypothecation, transfer or disposal of the benefits hereunder, the Bank's Corporation’s liabilities shall forthwith cease and terminate.

Alienability and Assignment Prohibition. Neither the Executive, his/her surviving spouse nor any other beneficiary under this Agreement shall have any power or right to transfer, assign, anticipate, hypothecate, mortgage, commute, modify or otherwise encumber in advance any of the benefits payable hereunder nor shall any of said benefits be subject to seizure for the payment of any debts, judgments, alimony or separate maintenance owed by the Executive or his beneficiarythe Executive’s beneficiary(ies), nor be transferable by operation of law in the event of bankruptcy, insolvency or otherwise. In the event the Executive or any beneficiary attempts assignment, commutation, hypothecation, transfer or disposal of the benefits hereunder, the Bank's ’s liabilities shall forthwith cease and terminate.

Alienability and Assignment Prohibition. Neither the Executive, his/her surviving spouse his wife nor any other beneficiary under this Agreement shall have any power or right to transfer, assign, anticipate, hypothecate, mortgage, commute, modify or otherwise encumber in advance any of the benefits payable hereunder nor shall any of said benefits be subject to seizure for the payment of any debts, judgments, alimony or separate maintenance owed by the Executive or his beneficiary, nor be transferable transferrable by operation of law in the event of bankruptcy, insolvency or otherwise. In the event Any attempt by the Executive or any beneficiary attempts assignmentto assign, commutationcommute, hypothecationhypothecate, transfer or disposal dispose of the benefits hereunderpayable hereunder shall be null and void, and the Bank's liabilities Bank shall forthwith cease and terminatenot be obligated to make any payments except as provided herein.

Alienability and Assignment Prohibition. Neither the Executive, his/her his surviving spouse nor any other beneficiary Beneficiary under this Agreement shall have any power or right to transfer, assign, anticipate, hypothecate, mortgage, commute, modify or otherwise encumber in advance any of the benefits payable hereunder hereunder, nor shall any of said benefits be subject to seizure for the payment of any debts, judgments, alimony or separate maintenance owed by the Executive or his beneficiaryBeneficiary, nor be transferable by operation of law in the event of bankruptcy, insolvency or otherwise. In the event the Executive or any beneficiary Beneficiary attempts assignment, commutation, hypothecation, transfer or disposal of the benefits hereunder, the Bank's ’s liabilities shall forthwith cease and terminate.

Alienability and Assignment Prohibition. Neither the Executive, his/her his surviving spouse nor any other beneficiary Beneficiary under this Agreement shall have any power or right to transfer, assign, anticipate, hypothecate, mortgage, commute, modify or otherwise encumber in advance any of the benefits payable hereunder nor shall any of said benefits be subject to seizure for the payment of any debts, judgments, alimony or separate maintenance owed by the Executive or his beneficiaryBeneficiary, nor be transferable by operation of law in the event of bankruptcy, insolvency or otherwise. In the event the Executive or any beneficiary Beneficiary attempts assignment, commutation, hypothecation, transfer or disposal of the benefits hereunder, the Bank's Company’s liabilities shall forthwith cease and terminate.

Alienability and Assignment Prohibition. Neither the Executive, his/her surviving spouse nor any other beneficiary under this Agreement shall have any power or right to transfer, assign, anticipate, hypothecate, hypothecates mortgage, commute, modify or otherwise encumber in advance any of the benefits payable hereunder nor shall any of said benefits be subject to seizure for the payment of any debts, judgments, alimony or separate -separate maintenance owed by the Executive or his beneficiary, nor be transferable by operation of law in the event of bankruptcyBankruptcy, insolvency or otherwise. In the In.the event the Executive or any beneficiary attempts assignment, commutation,, hypothecation, transfer or disposal of the benefits hereunder, the Bank's liabilities shall forthwith cease and terminate.

Alienability and Assignment Prohibition. Neither the Executive, his/her his surviving spouse nor any other beneficiary under this Agreement shall have any power or right to transfer, assign, anticipate, hypothecate, mortgage, commute, modify or otherwise encumber in advance any of the benefits payable hereunder nor shall any of said benefits be subject to seizure for the payment of any debts, judgments, alimony or separate maintenance owed by the Executive or his beneficiarythe Executive's beneficiary(ies), nor be transferable by operation of law in the event of bankruptcy, insolvency or otherwise. In the event the Executive or any beneficiary attempts assignment, commutation, hypothecation, transfer or disposal of the benefits hereunder, the Bank's liabilities shall forthwith cease and terminate.

Alienability and Assignment Prohibition. Neither the ExecutiveEmployee, his/her surviving spouse his widow nor any other beneficiary under this Agreement shall have any power or right to transfer, assign, anticipate, hypothecate, mortgage, commute, modify or otherwise encumber in advance any of the benefits payable hereunder nor shall any of said benefits be subject to seizure for the payment of any debts, judgments, alimony or separate maintenance owed by the Executive Employee or his beneficiarybeneficiary or any of them, nor be transferable by operation of law in the event of bankruptcy, insolvency or otherwise. In the event the Executive Employee or any beneficiary attempts assignment, commutation, hypothecation, transfer or disposal of the benefits hereunder, the BankCorporation's liabilities shall forthwith cease and terminate.

Alienability and Assignment Prohibition. Neither the Executive, his/her surviving spouse nor any other beneficiary Beneficiary under this Agreement shall have any power or right to transfer, assign, anticipate, hypothecate, mortgage, commute, modify or otherwise encumber in advance any of the benefits payable hereunder nor shall any of said benefits be subject to seizure for the payment of any debts, judgments, alimony or separate maintenance owed by the Executive or his beneficiaryher Beneficiary, nor be transferable by operation of law in the event of bankruptcy, insolvency or otherwise. In the event the Executive or any beneficiary Beneficiary attempts assignment, commutation, hypothecation, transfer or disposal of the benefits hereunder, the Bank's liabilities shall forthwith cease and terminate.

Alienability and Assignment Prohibition. Neither the ExecutiveDirector, his/her surviving spouse nor any other beneficiary under this Agreement shall have any power or right to transfer, assign, anticipate, hypothecate, mortgage, commute, modify or otherwise encumber in advance any of the benefits payable hereunder nor shall any of said benefits be subject to seizure for the payment of any debts, judgments, alimony or separate maintenance owed by the Executive Director or his beneficiary, nor be transferable by operation of law in the event of bankruptcy, insolvency or otherwise. In the event the Executive Director or any beneficiary attempts assignment, commutation, hypothecation, transfer or disposal of the benefits hereunder, the Bank's ’s liabilities shall forthwith cease and terminate.

Alienability and Assignment Prohibition. Neither the Key Executive, his/her surviving spouse his widow nor any other beneficiary under this Agreement shall have any power or right to transfer, assign, anticipate, hypothecate, mortgage, commute, modify or otherwise encumber in advance any of the benefits payable hereunder nor shall any of said benefits be subject to seizure for the payment of any debts, judgments, alimony or separate maintenance owed by the Key Executive or his beneficiary, nor be transferable by operation of law in the event of bankruptcy, insolvency or otherwise. In the event the Key Executive or any beneficiary attempts assignment, commutation, hypothecation, transfer or disposal of the benefits hereunder, the Bank's Corporation’s liabilities shall forthwith cease and terminate.

Alienability and Assignment Prohibition. Neither the Executive, his/her surviving spouse his spouse, nor any other beneficiary under this Agreement hereunder shall have any power or right to transfer, transfer assign, anticipate, hypothecate, mortgage, commute, modify modify, or otherwise encumber in advance any of the benefits payable hereunder hereunder. nor shall any of said benefits be subject to seizure for the payment of any debts, . judgments, alimony alimony, or separate maintenance owed by the Executive or his beneficiary, nor be transferable by operation of law in the event of bankruptcy, bankruptcy or insolvency or otherwise. In the event the Executive or any beneficiary attempts assignment, commutation, hypothecation, transfer transfer, or disposal of the benefits hereunder, the BankCompany's liabilities hereunder shall forthwith cease and terminate.

Alienability and Assignment Prohibition. Neither the Executive, his/her surviving spouse widower nor any other beneficiary under this Agreement shall have any power or right to transfer, assign, anticipate, hypothecate, mortgage, commute, modify or otherwise encumber in advance any of the benefits payable hereunder nor shall any of said benefits be subject to seizure for the payment of any debts, judgments, alimony or separate maintenance owed by the Executive or his his/her beneficiary, nor be transferable by operation of law in the event of bankruptcy, insolvency or otherwise. In the event the Executive or any beneficiary attempts assignment, commutation, hypothecation, transfer or disposal of the benefits hereunder, the Bank's Corporation’s liabilities shall forthwith cease and terminate.

Alienability and Assignment Prohibition. Neither the Executive, his/her surviving spouse his widow nor any other beneficiary under this Agreement shall have any power or right to transfer, assign, anticipate, hypothecate, mortgage, commute, modify or otherwise encumber in advance any of the benefits payable hereunder nor shall any of said benefits be subject to seizure for the payment of any debts, judgments, alimony or separate maintenance owed by the Executive or his beneficiary, nor be transferable by operation of law in the event of bankruptcy, insolvency or otherwise. In the event the Executive or any beneficiary attempts assignment, commutation, hypothecation, transfer or disposal of the benefits hereunder, the Bank's Corporation’s liabilities shall forthwith cease and terminate.

Alienability and Assignment Prohibition. Neither the Executive, his/her surviving spouse his spouse, nor any other beneficiary under this Agreement hereunder shall have any power or right to transfer, transfer assign, anticipate, hypothecate, mortgage, commute, modify modify, or otherwise encumber in advance any of the benefits payable hereunder hereunder, nor shall any of said benefits be subject to seizure for the payment of any debts, judgments, alimony alimony, or separate maintenance owed by the Executive or his beneficiary, nor be transferable by operation of law in the event of bankruptcy, bankruptcy or insolvency or otherwise. In the event the Executive or any beneficiary attempts assignment, commutation, hypothecation, transfer transfer, or disposal of the benefits hereunder, the Bank's liabilities hereunder shall forthwith cease and terminate.

Alienability and Assignment Prohibition. Neither the ExecutiveDirector, his/her surviving spouse nor any other beneficiary under this Agreement shall have any power or right to transfer, assign, anticipate, hypothecate, mortgage, commute, modify or otherwise encumber in advance any of the benefits payable hereunder nor shall any of said benefits be subject to seizure for the payment of any debts, judgments, alimony or separate maintenance owed owned by the Executive Director or his beneficiary, nor be transferable by operation of law in the event of bankruptcy, insolvency or otherwise. In the event the Executive Director or any beneficiary attempts assignment, commutation, hypothecation, transfer or disposal of the benefits hereunder, the Bank's liabilities shall forthwith cease and terminate.

Alienability and Assignment Prohibition. Neither the Executive, his/her surviving spouse his spouse, nor any other beneficiary under this Agreement Beneficiary hereunder shall have any power or right to transfer, transfer assign, anticipate, hypothecate, mortgage, commute, modify modify, or otherwise encumber in advance any of the benefits payable hereunder hereunder, nor shall any of said benefits be subject to seizure for the payment of any debts, judgments, alimony alimony, or separate maintenance owed by the Executive or his beneficiaryor her Beneficiary, nor be transferable by operation of law in the event of bankruptcy, bankruptcy or insolvency or otherwise. In the event the Executive or any beneficiary Beneficiary attempts assignment, commutation, hypothecation, transfer transfer, or disposal of the benefits hereunder, the BankEmployer's liabilities hereunder shall forthwith cease and terminate.

Alienability and Assignment Prohibition. Neither the ExecutiveXxxxx, his/her surviving spouse Jr., his widow nor any other beneficiary under this Agreement shall have any power or right to transfer, assign, anticipate, hypothecate, mortgage, commute, modify or otherwise encumber in advance any of the benefits payable hereunder nor shall any of said benefits be subject to seizure for the payment of any debts, judgments, alimony or separate maintenance owed by the Executive Xxxxx, Jr. or his beneficiary, nor be transferable by operation of law in the event of bankruptcy, insolvency or otherwise. In the event the Executive Xxxxx, Jr. or any beneficiary attempts assignment, commutation, hypothecation, transfer or disposal of the benefits hereunder, the Bank's liabilities shall forthwith cease and terminate.

Alienability and Assignment Prohibition. Neither the ExecutiveDirector, his/her surviving spouse nor any other beneficiary under this Agreement shall have any power or right to transfer, assign, anticipate, hypothecate, mortgage, commute, modify or otherwise encumber in advance any of the benefits payable hereunder nor shall any of said benefits be subject to seizure for the payment of any debts, judgments, alimony or separate maintenance owed by the Executive Director or his beneficiarythe Director's beneficiary(ies), nor be transferable by operation of law in the event of bankruptcy, insolvency or otherwise. In the event the Executive Director or any beneficiary attempts assignment, commutation, hypothecation, transfer or disposal of the benefits hereunder, the BankCompany's liabilities shall forthwith cease and terminate.

Alienability and Assignment Prohibition. Neither the Executive, his/her his surviving spouse nor any other beneficiary under this Agreement shall have any power or right to transfer, assign, anticipate, hypothecate, mortgage, commute, modify or otherwise encumber encumber, in advance advance, any of the benefits payable hereunder nor shall any of said benefits be subject to seizure for the payment of any debts, judgments, alimony or separate maintenance owed by the Executive or his beneficiary, beneficiary nor be transferable by operation of law in the event of bankruptcy, insolvency or otherwise. In the event the Executive or any beneficiary attempts assignment, commutation, hypothecation, transfer or disposal of the benefits hereunder, the Bank's Corporation’s liabilities shall forthwith cease and terminate.

Alienability and Assignment Prohibition. Neither the Executive, his/her surviving spouse his widow nor any other beneficiary under this Agreement shall have any power or right to transfer, assign, anticipate, hypothecate, mortgage, commute, modify or otherwise encumber encumber, in advance advance, any of the benefits payable hereunder hereunder, nor shall any of said benefits be subject to seizure for the payment of any debts, judgments, alimony or separate maintenance owed by the Executive or his beneficiary, nor be transferable by operation of law in the event of bankruptcy, insolvency or otherwise. In the event the Executive or any beneficiary attempts assignment, commutation, hypothecation, transfer or disposal of the benefits hereunder, the Bank's Corporation’s liabilities shall forthwith cease and terminate.

Alienability and Assignment Prohibition. Neither the Executive, his/her surviving nor the Executive's spouse nor any other beneficiary under this Agreement shall have any power or right to transfer, assign, anticipate, hypothecate, mortgage, commute, modify or otherwise encumber in advance any of the benefits payable hereunder nor shall any of said benefits be subject to seizure for the payment of any debts, judgmentsjudgements, alimony or separate maintenance owed by the Executive or his the Executive's beneficiary, nor be transferable by operation of law in the event of bankruptcy, insolvency or otherwise. In the event the Executive or any beneficiary attempts assignment, commutation, hypothecation, transfer or disposal of the benefits hereunder, the Bank's liabilities shall forthwith cease and terminate.

Alienability and Assignment Prohibition. Neither the Executive, his/her his surviving spouse nor any other beneficiary under this Agreement shall have any power or right to transfer, assign, anticipate, hypothecate, mortgage, commute, modify or otherwise encumber encumber, in advance advance, any of the benefits payable hereunder nor shall any of said benefits be subject to seizure for the payment of any debts, judgments, alimony or separate maintenance owed by the Executive or his beneficiary, beneficiary nor be transferable by operation of law in the event of bankruptcy, insolvency or otherwise. In the event the Executive or any beneficiary attempts assignment, commutation, hypothecation, transfer or disposal of the benefits hereunder, the BankCorporation's liabilities shall forthwith cease and terminate.

Alienability and Assignment Prohibition. Neither the Executive, his/her surviving spouse his widow nor any other beneficiary under this Agreement shall have any power or right to transfer, assign, anticipate, hypothecate, mortgage, commute, modify or otherwise encumber in advance any of the benefits payable hereunder nor shall any of said benefits be subject to seizure for the payment of any debts, judgments, alimony or separate maintenance owed by the Executive or his his/her beneficiary, nor be transferable by operation of law in the event of bankruptcy, insolvency or otherwise. In the event the Executive or any beneficiary attempts assignment, commutation, hypothecation, transfer or disposal of the benefits hereunder, the Bank's Corporation’s liabilities shall forthwith cease and terminate.

Alienability and Assignment Prohibition. Neither the Executive, his/her surviving spouse nor any other beneficiary under this Agreement shall have any power or right to transfer, assign, anticipate, hypothecate, mortgage, commute, modify or otherwise encumber in advance any of the benefits payable hereunder nor shall any of said benefits be subject to seizure for the payment of any debts, judgments, alimony or separate maintenance owed by the Executive or his the Executive’s beneficiary, nor be transferable by operation of law in the event of bankruptcy, insolvency or otherwise. In the event the Executive or any beneficiary attempts assignment, commutation, hypothecation, transfer or disposal of the benefits hereunder, the Bank's liabilities shall forthwith cease and terminate.

Alienability and Assignment Prohibition. Neither the ExecutiveDirector, his/her surviving spouse his widow nor any other beneficiary under this Agreement shall have any power or right to transfer, assign, anticipate, hypothecate, mortgage, commute, modify or otherwise encumber in advance any of the benefits payable hereunder hereunder, nor shall any of said benefits be subject to seizure for the payment of any debts, judgments, alimony or separate maintenance owed by the Executive Director or his beneficiary, nor be transferable by operation of law in the event of bankruptcy, insolvency or otherwise. In the event the Executive Director or any beneficiary attempts assignment, commutation, hypothecation, transfer or disposal of the benefits hereunder, the Bank's ’s liabilities shall forthwith cease and terminate.

Alienability and Assignment Prohibition. Neither the Executive, his/her surviving spouse nor any other beneficiary Beneficiary under this Agreement shall have any power or right to transfer, assign, anticipate, hypothecate, mortgage, commute, modify or otherwise encumber in advance any of the benefits payable hereunder hereunder, nor shall any of said benefits be subject to seizure for the payment of any debts, judgments, alimony or separate maintenance owed by the Executive or his beneficiaryher Beneficiary, nor be transferable by operation of law in the event of bankruptcy, insolvency or otherwise. In the event the Executive or any beneficiary Beneficiary attempts assignment, commutation, hypothecation, transfer or disposal of the benefits hereunder, the Bank's ’s liabilities shall forthwith cease and terminate.

Alienability and Assignment Prohibition. Neither the Executive, his/her surviving spouse nor any other beneficiary under this Agreement shall have any power or right to transfer, assign, anticipate, hypothecate, mortgage, commute, modify or otherwise encumber in advance any of the benefits payable hereunder nor shall any of said benefits be subject to seizure for the payment of any debts, judgments, alimony or separate maintenance owed [o]wed by the Executive or his beneficiary, nor be transferable by operation of law in the event of bankruptcy, insolvency or otherwise. In the event the Executive or any beneficiary attempts assignment, commutation, hypothecation, transfer or disposal of the benefits hereunder, the Bank's ’s liabilities shall forthwith cease and terminate.

Alienability and Assignment Prohibition. Neither the Executive, his/her surviving spouse nor any other beneficiary under this Agreement shall have any power or right to transfer, assign, anticipate, hypothecate, mortgage, commute, modify or otherwise encumber in advance any of the benefits payable hereunder nor shall any of said benefits be subject to seizure for the payment of any debts, judgments, alimony or separate maintenance owed by the Executive or his beneficiary, nor be transferable by operation of law in the event of bankruptcy, insolvency or otherwise. In the event the Executive or any beneficiary attempts assignment, commutation, hypothecation, transfer or disposal of the benefits hereunder, the Bank's ’s liabilities shall forthwith cease and terminate.

Alienability and Assignment Prohibition. Neither the Executive, his/her his surviving spouse nor any other beneficiary Beneficiary under this Agreement shall have any power or right to transfer, assign, anticipate, hypothecate, mortgage, commute, modify or otherwise encumber in advance any of the benefits payable hereunder nor shall any of said benefits be subject to seizure for the payment of any debts, judgments, alimony or separate maintenance owed by the Executive or his beneficiaryBeneficiary, nor be transferable by operation of law in the event of bankruptcy, insolvency or otherwise. In the event the Executive or any beneficiary Beneficiary attempts assignment, commutation, hypothecation, transfer or disposal of the benefits hereunder, the BankHolding Company's liabilities shall forthwith cease and terminate.

Alienability and Assignment Prohibition. Neither the ExecutiveEmployee, his/her surviving spouse his widow nor any other beneficiary under this Agreement shall have any power or right to transfer, assign, anticipate, hypothecate, mortgage, commute, modify or otherwise encumber in advance any of the benefits payable hereunder nor shall any of said benefits be subject to seizure for the payment of any debts, judgments, alimony or separate maintenance owed by the Executive Employee or his beneficiary, nor be transferable by operation of law in the event of bankruptcy, insolvency or otherwise. In the event the Executive Employee or any beneficiary attempts assignment, commutation, hypothecation, transfer or disposal of the benefits hereunder, the Bank's liabilities shall forthwith cease and terminate.