Alienability. 13. It is agreed that neither the Executive nor his/her spouse nor any designated beneficiary, shall have any right to commute, sell, assign, transfer or otherwise convey the right to receive any payments hereunder, which payments and the right thereto are expressly declared to be non-assignable and non-transferable; and, in the event of any attempted assignment or transfer, the Bank shall have no further liability hereunder.
Appears in 4 contracts
Samples: Continuation Agreement the Agreement, Wilson Bank and Trust Executive Salary Continuation Agreement (Wilson Bank Holding Co), Wilson Bank and Trust Executive Salary Continuation Agreement (Wilson Bank Holding Co)
Alienability. 13. It is agreed that neither the Executive Executive, nor his/her spouse spouse, nor any designated beneficiaryother assignee, shall have any right to commute, sell, assign, transfer or otherwise convey the right to receive any payments hereunder, which payments and the right thereto are expressly declared to be non-assignable and non-transferable; and, in the event of any attempted assignment or transfer, the Bank shall have no further liability hereunder.
Appears in 4 contracts
Samples: Executive Salary Continuation Agreement (Lyons Bancorp Inc), Executive Salary Continuation Agreement (Lyons Bancorp Inc), Executive Salary Continuation Agreement (Lyons Bancorp Inc)
Alienability. 13. It is agreed that neither the Executive nor his/her spouse nor any designated beneficiary, shall have any right to commute, sell, assign, transfer or otherwise convey the right to receive any payments hereunder, which payments and the right thereto are expressly declared to be non-non- assignable and non-transferable; and, in the event of any attempted assignment or transfer, the Bank shall have no further liability hereunder.
Appears in 3 contracts
Samples: Wilson Bank and Trust Executive Salary Continuation Agreement (Wilson Bank Holding Co), Wilson Bank and Trust Executive Salary Continuation Agreement (Wilson Bank Holding Co), Wilson Bank and Trust Executive Salary Continuation Agreement (Wilson Bank Holding Co)
Alienability. 13. It is agreed that neither the Executive Executive, nor his/her spouse his spouse, nor any designated beneficiaryother designee, shall have any right to commute, sell, assign, transfer or otherwise convey the right to receive any payments hereunder, which payments and the right thereto are expressly declared to be non-assignable and non-transferable; and, in the event of any attempted assignment or transfer, the Bank shall have no further liability hereunder.
Appears in 2 contracts
Samples: Continuation Agreement (Oak Hill Financial Inc), Continuation Agreement (Oak Hill Financial Inc)
Alienability. 13. It is agreed that neither the Executive Executive, nor his/her spouse his spouse, nor any designated beneficiaryother designee, shall have any right to commute, sell, assign, transfer or otherwise convey the right to receive any payments hereunder, which payments and the right thereto are expressly declared to be non-assignable nonassignable and non-transferablenontransferable; and, in the event of any attempted assignment or transfer, the Bank shall have no further liability hereunder.
Appears in 1 contract
Samples: Mahoning National Bancorp Inc
Alienability. 1310. It is agreed that neither the Executive Executive, nor his/her spouse his spouse, nor any designated beneficiaryother designee, shall have any right to commute, sell, assign, transfer or otherwise convey the right to receive any payments hereunder, which payments and the right thereto are expressly declared to be non-assignable and non-transferable; and, in the event of any attempted assignment or transfer, the Bank shall have no further liability hereunder.
Appears in 1 contract
Alienability. 13. It is agreed that neither the Executive nor his/her spouse nor any designated beneficiary, shall have any right to commute, sell, assign, transfer or otherwise convey the right to receive any payments hereunder, which payments and the right thereto are expressly declared to be non-assignable and non-transferable; and, in the event of any attempted assignment or transfer, the Bank shall have no further liability hereunder.
Appears in 1 contract
Samples: Wilson Bank and Trust Executive (Wilson Bank Holding Co)