Common use of Assignment of Benefits Clause in Contracts

Assignment of Benefits. Neither the Participant nor any other beneficiary under the Plan shall have any right to assign the right to receive any benefits hereunder, and in the event of any attempted assignment or transfer, the Company shall have no further liability hereunder.

Appears in 11 contracts

Samples: Executive Employee Salary Continuation Agreement (Choiceone Financial Services Inc), Executive Employee Salary Continuation Agreement (Merchants & Manufacturers Bancorporation Inc), Executive Employee Salary Continuation Agreement (Mercantile Bancorp, Inc.)

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Assignment of Benefits. Neither the Participant nor any other beneficiary under the Plan this Agreement shall have any right to assign the right to receive any benefits hereunder, and in the event of any attempted assignment or transfer, the Company shall have no further liability hereunder.

Appears in 4 contracts

Samples: Executive Employee Salary Continuation Agreement (Boardman Suhr Curry & Field), Executive Employee Salary Continuation Agreement (Mound City Financial Services Inc), Executive Employee Salary Continuation Agreement (Mound City Financial Services Inc)

Assignment of Benefits. Neither the Participant nor any other beneficiary under the Plan shall have any the right to assign the right to receive any benefits hereunder, hereunder and in the event of any attempted assignment or transfer, the Company Bank shall have no further liability hereunder.

Appears in 2 contracts

Samples: Executive Salary Continuation Agreement (North Bancorp Inc), Executive Salary Continuation Agreement (North Bancorp Inc)

Assignment of Benefits. Neither the Participant nor any other beneficiary under the Plan shall have any right to assign the right to receive any benefits hereunder, and in the event of any attempted assignment or transfer, the Company Employer shall have no further liability hereunder.

Appears in 1 contract

Samples: Board Fee Deferral Agreement (First Banking Center Inc)

Assignment of Benefits. Neither the Participant nor any other beneficiary under the Plan shall have any the right to assign the right to receive any benefits hereunder, and in the event of any attempted assignment or transfer, the Company shall have no further liability hereunder.

Appears in 1 contract

Samples: Preferred Compensation Agreement (Baylake Corp)

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Assignment of Benefits. Neither the Participant nor any other beneficiary under the Plan shall have any right to assign the right to receive any benefits hereunder, and in the event of any attempted assignment or transfer, the Company shall have no further liability hereunder.. SECTION 10 EMPLOYMENT NOT GUARANTEED BY AGREEMENT

Appears in 1 contract

Samples: Executive Employee Salary Continuation Agreement (Carlinville National Bank Shares Inc/De)

Assignment of Benefits. Neither the Participant Executive nor any other beneficiary under the Plan shall have any right to assign the right to receive any benefits hereunder, and in the event of any attempted assignment or transfer, the Company shall have no further liability hereunder.

Appears in 1 contract

Samples: Executive Employee Salary Continuation Agreement (First Manitowoc Bancorp Inc)

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