Alienability. Neither the Executive, nor, if applicable, his widow or other beneficiary under this Agreement, shall have any power or right to transfer, assign, anticipate, hypothecate, mortgage, commute, modify, or otherwise encumber any of the benefits payable hereunder or any rights to benefits hereunder, nor shall any of said benefits or rights be subject to any debts, judgments, alimony or separate maintenance owed by the Executive or, if applicable, any beneficiary, or be transferable by operation of law in the event of bankruptcy, or otherwise.
Appears in 4 contracts
Samples: Compensation Agreement (First Ipswich Bancorp /Ma), Supplemental Compensation Agreement (First Ipswich Bancorp /Ma), Executive Supplemental Compensation Agreement (First Ipswich Bancorp /Ma)
Alienability. Neither the Executive, nor, if applicable, his widow or other nor any beneficiary under this Agreement, 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 or any rights to benefits hereunder, nor shall any of said benefits or rights be subject to seizure for the payment of any debts, judgments, alimony or separate maintenance maintenance, owed by the Executive or, if applicable, or his beneficiary or any beneficiaryof them, or be transferable by operation of law in the event of bankruptcy, or otherwise.
Appears in 4 contracts
Samples: Supplemental Retirement Agreement (Td Banknorth Inc.), Supplemental Retirement Agreement (Td Banknorth Inc.), Supplemental Retirement Agreement (Peoples Heritage Financial Group Inc)
Alienability. Neither the Executive, norhis widow, if applicable, his widow or nor any other beneficiary under this Agreement, 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 or any rights to benefits hereunder, nor shall any of said benefits or rights be subject to seizure for the payment of any debts, judgments, alimony or separate maintenance maintenance, owed by the Executive or, if applicable, or his beneficiary or any beneficiaryof them, or be transferable by operation of law in the event of bankruptcy, or otherwise.
Appears in 3 contracts
Samples: Supplemental Compensation Agreement (Campello Bancorp, Inc.), Agreement (Campello Bancorp, Inc.), Supplemental Compensation Agreement (First Litchfield Financial Corp)
Alienability. Neither the Executive, nor, if applicable, his widow or other Executive nor any beneficiary under this Agreement, 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 or any rights to benefits hereunder, nor shall any of said benefits or rights be subject to seizure for the payment of any debts, judgments, alimony or separate maintenance maintenance, owed by the Executive or, if applicable, or any beneficiaryof her beneficiaries, or be transferable by operation of law in the event of bankruptcy, or otherwise.
Appears in 3 contracts
Samples: Supplemental Retirement Agreement (Service Bancorp Inc), Supplemental Retirement Agreement (Service Bancorp Inc), Supplemental Retirement Agreement (Service Bancorp Inc)
Alienability. Neither the Executive, nor, if applicable, his widow or other nor any beneficiary under this Agreement, 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 or any rights to benefits hereunder, nor shall any of said benefits or rights be subject to seizure for the payment of any debts, judgments, alimony or separate maintenance owed maintenance, owned by the Executive or, if applicable, or his beneficiary or any beneficiaryof them, or be transferable by operation of law in the event of bankruptcy, or otherwise.. ARTICLE EIGHT
Appears in 2 contracts
Samples: Supplemental Executive Retirement Program (Camden National Corp), Agreement (Camden National Corp)
Alienability. Neither the Executive, norhis widow, if applicableformer spouse, his widow or nor any other beneficiary under this Agreement, 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 or any rights to benefits hereunder, nor shall any of said benefits or rights be subject to seizure for the payment of any debts, judgments, alimony or separate maintenance maintenance, owed by the Executive or, if applicable, or his beneficiary or any beneficiaryof them, or be transferable by operation of law in the event of bankruptcy, or otherwise.. ARTICLE EIGHT
Appears in 2 contracts
Samples: Executive Supplemental Retirement Agreement (Georgetown Bancorp, Inc.), Executive Supplemental Retirement Agreement (Georgetown Bancorp, Inc.)
Alienability. Neither the Executive, nor, if applicable, his widow or other nor any beneficiary under ------------ this Agreement, 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 or any rights to benefits hereunder, nor shall any of said benefits or rights be subject to seizure for the payment of any debts, judgments, alimony or separate maintenance maintenance, owed by the Executive or, if applicable, or his beneficiary or any beneficiaryof them, or be transferable by operation of law in the event of bankruptcy, or otherwise.. ARTICLE EIGHT -------------
Appears in 1 contract
Samples: Supplemental Executive Retirement Agreement (Beverly National Corp)
Alienability. Neither the Executive, nor, if applicable, his widow or other nor any beneficiary under this Agreement, 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 or any rights to benefits hereunder, nor shall any of said benefits or rights be subject to seizure for the payment of any debts, judgmentsjudgements, alimony alimony, or separate maintenance maintenance, owed by the Executive or, if applicable, or her beneficiary or any beneficiaryof them, or be transferable by operation of law in the event of bankruptcy, or otherwise.
Appears in 1 contract
Samples: Supplemental Executive Retirement Agreement (Beverly National Corp)
Alienability. Neither the Executive, nor, if applicable, his widow or other nor any beneficiary under this Agreement, 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 or any rights to benefits hereunder, nor shall any of said benefits or rights be subject to seizure for the payment of any debts, judgments, alimony or separate maintenance maintenance, owed by the Executive or, if applicable, or her beneficiary or any beneficiaryof them, or be transferable by operation of law in the event of bankruptcy, or otherwise.
Appears in 1 contract
Samples: Supplemental Executive Retirement Agreement (Beverly National Corp)
Alienability. Neither the Executive, norhis widow, if applicableformer spouse, his widow or nor any other beneficiary under this Agreement, 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 or any rights to benefits hereunder, nor shall any of said benefits or rights be subject to seizure for the payment of any debts, judgments, alimony or separate maintenance maintenance, owed by the Executive or, if applicable, or his beneficiary or any beneficiaryof them, or be transferable by operation of law in the event of bankruptcy, or otherwise.
Appears in 1 contract
Samples: Executive Supplemental Retirement Agreement (Georgetown Bancorp, Inc.)