Common use of Alienation Prohibited Clause in Contracts

Alienation Prohibited. No benefits hereunder shall be subject to anticipation or assignment by the Executive, to attachment by, interference with, or control of any creditor of the Executive, or to being taken or reached by any legal or equitable process in satisfaction of any debt or liability of the Executive prior to its actual receipt by the Executive. Any attempted conveyance, transfer, assignment, mortgage, pledge, or encumbrance of the benefits hereunder prior to payment thereof shall be void.

Appears in 20 contracts

Samples: Change of Control Agreement (Aeterna Zentaris Inc.), Change of Control Agreement (Aeterna Zentaris Inc.), Change of Control Agreement (Gulfmark Offshore Inc)

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Alienation Prohibited. No benefits hereunder shall be subject to anticipation or assignment by the Executive, to attachment by, interference with, or control of any creditor of the Executive, or to being taken or reached by any legal or equitable process in satisfaction of any debt or liability of the Executive prior to its actual receipt by the Executive. Any attempted conveyance, transfer, assignment, mortgage, pledge, or encumbrance of the benefits hereunder prior to payment thereof shall be void.

Appears in 1 contract

Samples: Severance Agreement (Baker Hughes Inc)

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