ASSIGNMENTS AND NONTRANSFERABILITY Sample Clauses

ASSIGNMENTS AND NONTRANSFERABILITY. You may not transfer this Contract. No portion of your interest in this Contract or your rights under this Contract may be sold, assigned, pledged or transferred to any person other than the issuer of this Contract, or discounted, encumbered or pledged as collateral for a loan or as security for the performance of an obligation.
Sample 1Sample 2Sample 3See All (4)
AutoNDA by SimpleDocs
ASSIGNMENTS AND NONTRANSFERABILITY. The interest of the Annuitant under the Contract is nonforfeitable. This Contract is nontransferable by the Annuitant. No interest of the Annuitant under the Contract may be sold, assigned, discounted, or pledged as collateral for a loan or as security for the performance of an obligation or for any other purpose to any person other than AXA Equitable. No amount payable under the Contract may be assigned or encumbered by the payee and, to the extent permitted by law, no such amount will in any way be subject to any claim against such payee.
Sample 1Sample 2Sample 3See All (4)
ASSIGNMENTS AND NONTRANSFERABILITY. Neither the Employer, the Employer Plan Trustee nor Equitable may assign its rights or obligations hereunder without the other party's prior written consent, except that an assignment by Equitable to a corporation in which it has a direct or indirect ownership interest shall not require such consent provided that Equitable remains liable for the failure of that corporation to perform its obligations under this Contract. Subject to the requirements of applicable law, no amount payable to a Participant or beneficiary under the Contract may be assigned, commuted or encumbered by the payee and no such amount will in any way be subject to any claim against such payee. Such prohibition will not apply to any assignment, transfer, or attachment pursuant to a qualified domestic relations order, as defined in Section 414(p) of the Code.
Sample 1Sample 2Sample 3
ASSIGNMENTS AND NONTRANSFERABILITY. The interest of the Participant under the Contract is nonforfeitable. This Contract is nontransferable by the Participant. No interest of the Participant under the Contract may be sold, assigned, discounted, or pledged as collateral for a loan or as security for the performance of an obligation or for any other purpose to any person other than AXA Equitable. 301-10,001-2002 Page 27 No amount payable under the Contract may be assigned or encumbered by the payee and, to the extent permitted by law, no such amount will in any way be subject to any claim against such payee.
Sample 1
ASSIGNMENTS AND NONTRANSFERABILITY. 17 4.04 - Beneficiary.......................................17 4.05 - Disqualification..................................17 4.06 - Future Contributions..............................17 4.07 - Deferment.........................................17 4.08 - Annual Notice.....................................17 4.09 - Trustee's Responsibility..........................17 4.10 - Age...............................................18 OWNER: TRUSTEES OF THE ABC PLAN ANNUITANT: XXXX XXX CONTRACT NUMBER: 000 000 000 ISSUE DATE: FEB 28, 1992 CONTRACT DATE: FEB 28, 1992 RETIREMENT DATE: JAN 1, 2020 INITIAL GUARANTEED INTEREST RATE: 7.50% TO MAR 31, 1992 MINIMUM GUARANTEED INTEREST RATE: 6.00% TO DEC 31, 1992 3.00% AFTER DEC 31, 1992 BENEFICIARY: XXXX XXX FORM NUMBER: 92CTRA ******************************************************************************** TABLE OF GUARANTEED VALUES ISSUE AGE 38 MALE $1,000 ANNUAL CONTRIBUTION NUMBER OF YEARS GUARANTEED GUARANTEED PAID-UP MONTHLY SINCE FIRST CONTRIBUTION CASH VALUE ANNUITY AT AGE 65 -------------------------- ---------- ------------------------- 1 983 6.62 2 1,958 16.20 3 2,963 26.67 4 3,998 36.83 5 5,064 46.70 6 6,162 56.28 7 7,349 65.58 8 8,580 74.61 9 9,848 83.38 10 11,154 91.89 11 12,500 100.16 12 13,886 108.18 13 15,313 115.97 14 16,783 123.53 15 18,298 131.18 16 19,857 138.63 17 21,464 145.90 18 23,118 152.80 19 24,853 159.69 20 26,639 166.03 24 (Age 62) 34,697 189.57 27 (Age 65) 41,098 205.49 THE TABLES ILLUSTRATE MINIMUM GUARANTEED VALUES AND ASSUME A HYPOTHETICAL $1,000 CONTRIBUTION MADE ANNUALLY ON THE FIRST OF THE MONTH FOLLOWING THE CONTRACT DATE. THE GUARANTEED CASH VALUE TABLE REFLECTS AN ANNUAL ADMINISTRATIVE CHARGE (SEE SECTION 2.11) AND A WITHDRAWAL CHARGE OF UP TO 6% OF THE CONTRIBUTIONS MADE IN THE CURRENT AND 5 PRIOR CONTRACT YEARS (SEE SECTION 1.05). THE TABLES ASSUME THAT 100% OF ALL CONTRIBUTIONS AND EARNINGS ARE ALLOCATED TO AND REMAIN IN THE GUARANTEED INTEREST DIVISION. YOUR ACTUAL GUARANTEED VALUES MAY DIFFER FROM THOSE SHOWN ABOVE, DEPENDING ON THE LEVEL AND FREQUENCY OF YOUR CONTRIBUTIONS. THE GUARANTEED PAID-UP MONTHLY ANNUITY SHOWN ABOVE WILL BE REDUCED BY ANY CHARGE WE MAKE FOR ANY APPLICABLE TAXES (SEE SECTION 3.04). OTHER FORMS OF ANNUITY BENEFITS MAY BE AVAILABLE; HOWEVER, ANY ANNUITY BENEFIT CONTRACT ELECTED AS A SETTLEMENT WILL BE SUBJECT TO A CHARGE (SEE SECTION 3.04). * ASSUMES FIXED BENEFIT JOINT AND SURVIVOR LIFE ANNUITY (100% CONTINUATION TO SURVIVOR) WITH JOINT ANNUITANT THE SAME AGE AS...
Sample 1
ASSIGNMENTS AND NONTRANSFERABILITY. No interest of yours or of a beneficiary under this Contract may be transferred to any person other than us upon the surrender of this Contract. Except as permitted under Section 401(a)(13) of the Code, no right or interest of you or any other payee or beneficiary in this Contract shall be (a) assignable; (b) subject to any lien; or (c) liable for, or subject to, any obligation or liability of any person. The preceding sentence shall not apply to an assignment, transfer or attachment pursuant to a qualified domestic relations order, as defined in Section 414(p) of the Code.
Sample 1
ASSIGNMENTS AND NONTRANSFERABILITY. 17 4.04 - Beneficiary.................................................17 4.05 - Disqualification............................................17 4.06 - Future Contributions........................................17 4.07 - Deferment...................................................17 4.08 - Annual Notice...............................................17 4.09 - Trustee's Responsibility....................................18 4.10 - Age.........................................................18 No. 92CTRB Page 2 --------------------------------------------------------------------------------
Sample 1
AutoNDA by SimpleDocs

Related to ASSIGNMENTS AND NONTRANSFERABILITY

  • Nontransferability The Option shall not be transferable other than by will or by the laws of descent and distribution. During the lifetime of the Optionee, the Option shall be exercisable only by the Optionee.

  • Nontransferability of Agreement This Agreement and all rights under this Agreement shall not be transferable by you during your life other than by will or pursuant to applicable laws of descent and distribution. Any of your rights and privileges in connection herewith shall not be transferred, assigned, pledged or hypothecated by you or by any other person or persons, in any way, whether by operation of law, or otherwise, and shall not be subject to execution, attachment, garnishment or similar process. In the event of any such occurrence, this Agreement shall automatically be terminated and shall thereafter be null and void. Notwithstanding the foregoing, all or some of the Units or rights under this Agreement may be transferred to a spouse pursuant to a domestic relations order issued by a court of competent jurisdiction.

  • Transferability and Nonnegotiability of Warrant This Warrant may not be transferred or assigned in whole or in part without compliance with all applicable federal and state securities laws by the transferor and the transferee (including the delivery of investment representation letters and legal opinions reasonably satisfactory to the Company, if such are requested by the Company). Subject to the provisions of this Warrant with respect to compliance with the Securities Act of 1933, as amended (the "Act"), title to this Warrant may be transferred by endorsement (by the Holder executing the Assignment Form annexed hereto) and delivery in the same manner as a negotiable instrument transferable by endorsement and delivery.

  • Nontransferability of Options The Option and this Agreement shall not be assignable or transferable by Optionee other than by will or by the laws of descent and distribution. During Optionee's lifetime, the Option and all rights of Optionee under this Agreement may be exercised only by Optionee (or by his guardian or legal representative). If the Option is exercised after Optionee's death, the Committee may require evidence reasonably satisfactory to it of the appointment and qualification of Optionee's personal representatives and their authority and of the right of any heir or distributee to exercise the Option.

  • Nontransferability of the Award Prior to the issuance of shares of Stock on the applicable Settlement Date, neither this Award nor any Units subject to this Award shall be subject in any manner to anticipation, alienation, sale, exchange, transfer, assignment, pledge, encumbrance, or garnishment by creditors of the Participant or the Participant’s beneficiary, except transfer by will or by the laws of descent and distribution. All rights with respect to the Award shall be exercisable during the Participant’s lifetime only by the Participant or the Participant’s guardian or legal representative.

  • Nontransferability of Option This option may not be sold, assigned, transferred, pledged or otherwise encumbered by the Participant, either voluntarily or by operation of law, except by will or the laws of descent and distribution, and, during the lifetime of the Participant, this option shall be exercisable only by the Participant.

  • Assignments, Successors, and No Third-Party Rights Neither party may assign any of its rights under this Agreement without the prior consent of the other parties, which will not be unreasonably withheld, except that Buyer may assign any of its rights under this Agreement to any Subsidiary of Buyer. Subject to the preceding sentence, this Agreement will apply to, be binding in all respects upon, and inure to the benefit of the successors and permitted assigns of the parties. Nothing expressed or referred to in this Agreement will be construed to give any Person other than the parties to this Agreement any legal or equitable right, remedy, or claim under or with respect to this Agreement or any provision of this Agreement. This Agreement and all of its provisions and conditions are for the sole and exclusive benefit of the parties to this Agreement and their successors and assigns.

  • Nonassignability Neither this Agreement nor any right or interest hereunder shall be assignable by the Executive, his beneficiaries, dependents or legal representatives without the Company’s prior written consent; provided, however, that nothing in this Section 7.10 shall preclude (a) the Executive from designating a beneficiary to receive any benefit payable hereunder upon his death or (b) the executors, administrators or other legal representatives of the Executive or his estate from assigning any rights hereunder to the Person(s) entitled thereto.

  • Transferability of Options During the lifetime of an Optionee, only such Optionee (or, in the event of legal incapacity or incompetency, the Optionee’s guardian or legal representative) may exercise the Option. No Option shall be assignable or transferable by the Optionee to whom it is granted, other than by will or the laws of descent and distribution.

  • Transferability This Warrant and all rights hereunder (including, without limitation, any registration rights) are transferable, in whole or in part, upon surrender of this Warrant at the principal office of the Company or its designated agent, together with a written assignment of this Warrant substantially in the form attached hereto duly executed by the Holder or its agent or attorney and funds sufficient to pay any transfer taxes payable upon the making of such transfer. Upon such surrender and, if required, such payment, the Company shall execute and deliver a new Warrant or Warrants in the name of the assignee or assignees, as applicable, and in the denomination or denominations specified in such instrument of assignment, and shall issue to the assignor a new Warrant evidencing the portion of this Warrant not so assigned, and this Warrant shall promptly be cancelled. Notwithstanding anything herein to the contrary, the Holder shall not be required to physically surrender this Warrant to the Company unless the Holder has assigned this Warrant in full, in which case, the Holder shall surrender this Warrant to the Company within three (3) Trading Days of the date on which the Holder delivers an assignment form to the Company assigning this Warrant in full. The Warrant, if properly assigned in accordance herewith, may be exercised by a new holder for the purchase of Warrant Shares without having a new Warrant issued.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!