Anti-Alienation Provision Sample Clauses

Anti-Alienation Provision. No interest in the Trust, and no right to a distribution or payment under the Trust, shall be (either at law or in equity) subject to assignment or alienation of any kind, whether by the voluntary or involuntary act of any interested person under the Trust, except as expressly required by applicable law. Notwithstanding the foregoing, in the event a Plan participant becomes employed by another governmental employer that assumes all or part of the District’s obligation to provide Benefits to the Plan participants, nothing herein shall be deemed to prohibit Assets of the Trust attributable to the District’s obligations to pay Benefits on behalf of such Plan participant from being transferred to a substantially similar trust, maintained by such new employer, that is exempt from federal income tax under section 115 of the Internal Revenue Code.
Sample 1
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Related to Anti-Alienation Provision

  • Assignment This Agreement and all rights and obligations hereunder may not be assigned without the written consent of the other party.

  • Entire Agreement This Agreement constitutes the entire agreement between the parties hereto with respect to the subject matter contained in this Agreement and supersedes all prior agreements, understandings and negotiations between the parties.

  • Governing Law This Agreement shall be governed by and construed in accordance with the laws of the State of New York.

  • Severability Any provision of this Agreement that is prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof, and any such prohibition or unenforceability in any jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction.

  • NOW, THEREFORE the parties hereto agree as follows:

  • Definitions As used in this Agreement, the following terms shall have the following meanings:

  • Termination This Agreement may be terminated at any time prior to the Closing:

  • Miscellaneous The Vendor acknowledges and agrees that continued participation in TIPS is subject to TIPS sole discretion and that any Vendor may be removed from the participation in the Program at any time with or without cause. Nothing in the Agreement or in any other communication between TIPS and the Vendor may be construed as a guarantee that TIPS or TIPS Members will submit any orders at any time. TIPS reserves the right to request additional proposals for items or services already on Agreement at any time.

  • Indemnification In the event any Registrable Securities are included in a Registration Statement under this Agreement:

  • WHEREAS the Company desires the Warrant Agent to act on behalf of the Company, and the Warrant Agent is willing to so act, in connection with the issuance, registration, transfer, exchange, redemption and exercise of the Warrants; and

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