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.
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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.
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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.
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ASSIGNMENTS AND NONTRANSFERABILITY. No interest of yours or 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 any assignment, transfer or attachment pursuant to a qualified domestic relations order, as defined in Section 414(p) of the Code.
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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...
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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
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.
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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 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.

  • Assignments and Transfers 18.1 Any assignment by either Party to any entity of any right, obligation or duty, or of any other interest hereunder, in whole or in part, without the prior written consent of the other Party shall be void. The assignee must provide evidence of a Commission approved certification to provide Telecommunications Service in each state that OneTone is entitled to provide Telecommunications Service. After BellSouth’s consent, the Parties shall amend this Agreement to reflect such assignments and shall work cooperatively to implement any changes required due to such assignment. All obligations and duties of any Party under this Agreement shall be binding on all successors in interest and assigns of such Party. No assignment or delegation hereof shall relieve the assignor of its obligations under this Agreement in the event that the assignee fails to perform such obligations. Notwithstanding anything to the contrary in this Section, OneTone shall not be permitted to assign this Agreement in whole or in part to any entity unless either (1) OneTone pays all bills, past due and current, under this Agreement, or (2) OneTone’s assignee expressly assumes liability for payment of such bills. 18.2 In the event that OneTone desires to transfer any services hereunder to another provider of Telecommunications Service, or OneTone desires to assume hereunder any services provisioned by BellSouth to another provider of Telecommunications Service, such transfer of services shall be subject to separately negotiated rates, terms and conditions.

  • 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 and transfer by Obligors No Obligor may assign any of its rights or transfer any of its rights or obligations under the Finance Documents.

  • Restriction on Transferability Prior to vesting and delivery of the Shares, neither the mPRSUs, nor the Shares or any beneficial interest therein, may be sold, transferred, pledged, assigned, or otherwise alienated at any time. Any attempt to do so contrary to the provisions hereof shall be null and void. Notwithstanding the above, distribution can be made pursuant to will, the laws of descent and distribution, and if provided by the Administrator, intra-family transfer instruments, or to an inter vivos trust, or as otherwise provided by the Administrator. The terms of this Agreement shall be binding upon the executors, administrators, heirs, successors and assigns of 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.

  • Compliance with Restrictions Each Grantor agrees that in any sale of any of the Collateral whenever an Event of Default shall have occurred and be continuing, the Administrative Agent is hereby authorized to comply with any limitation or restriction in connection with such sale as it may be advised by counsel is necessary in order to avoid any violation of applicable law (including compliance with such procedures as may restrict the number of prospective bidders and purchasers, require that such prospective bidders and purchasers have certain qualifications, and restrict such prospective bidders and purchasers to Persons who will represent and agree that they are purchasing for their own account for investment and not with a view to the distribution or resale of such Collateral), or in order to obtain any required approval of the sale or of the purchaser by any Governmental Authority or official, and each Grantor further agrees that such compliance shall not result in such sale being considered or deemed not to have been made in a commercially reasonable manner, nor shall the Administrative Agent be liable nor accountable to such Grantor for any discount allowed by the reason of the fact that such Collateral is sold in compliance with any such limitation or restriction.

  • Conditions on Permitted Transfers In the event a Holder proposes to sell or transfer a Note, the Company may, but shall not be required to, impose reasonable conditions on such sale or transfer including, but not limited, to: (i) Notes may be transferred only in whole units, i.e., fractions of Notes may not be transferred; (ii) the transferee shall agree in writing to be bound by this Revenue Sharing Agreement; (iii) the transferor shall provide the Company with an opinion of counsel, satisfactory in form and substance to the Company’s counsel, stating that the transfer is exempt from registration under the Securities Act of 1933 and other applicable securities laws; and (iv) the transferor and transferee shall together pay in advance for any reasonable expenses the Company expects to incur in connection with the transfer, including attorneys’ fees.

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