Common use of Alienability Clause in Contracts

Alienability. Neither the Executive, nor any 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 or any of them, or be transferable by operation of law in the event of bankruptcy, or otherwise. ARTICLE EIGHT -------------

Alienability. Neither the Executive, nor any 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 or any of them, or be transferable by operation of law in the event of bankruptcy, or otherwise. ARTICLE EIGHT -------------benefits

Alienability. Neither the Executive, nor any 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 or any of them, or be transferable by operation of law in the event of bankruptcy, or otherwise. ARTICLE EIGHT -------------.

Alienability. Neither the Executive, 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 or any of them, or be transferable by operation of law in the event of bankruptcy, or otherwise. ARTICLE EIGHT -------------Article Eight.

Alienability. Neither the Executive, Executive nor any other beneficiary under this ------------ Agreement shall have any the power or right to transfer, assign, anticipate, hypothecate, mortgage, commute, modify, commute or otherwise encumber in advance subject any of the benefits payable hereunder, nor shall any of said benefits be subject hereunder to seizure for the payment of any debts, judgments, alimony judgments or separate maintenance, owed by the obligations of Executive or his beneficiary or any of them, or be transferable by operation of law in beneficiaries. In the event of bankruptcyany attempted assignment or transfer by Executive or any beneficiary of any benefit hereunder, or otherwise. ARTICLE EIGHT -------------all of Bank's liabilities under this Agreement shall terminate.

Alienability. Neither the Executive, Executive 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 commute hereunder, nor shall any of said benefits be subject to seizure for the payment of any debts, judgments, alimony or separate maintenance, maintenance owed by the Executive or his her beneficiary or any of them, or be transferable by operation of law in the event of bankruptcy, insolvency or otherwise. ARTICLE EIGHT -------------Any such attempted assignment, commutation, hypothecation, transfer, or disposal of the benefit hereunder shall be void.

Alienability. Neither the Executive, Executive 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 commute hereunder, nor shall any of said benefits be subject to seizure for the payment of any debts, judgments, alimony or separate maintenance, maintenance owed by the Executive or his beneficiary or any of them, or be transferable by operation of law in the event of bankruptcy, insolvency or otherwise. ARTICLE EIGHT -------------Any such attempted assignment, commutation, hypothecation, transfer, or disposal of the benefit hereunder shall be void.