Benefits May Not Be Assigned or Alienated. Except as otherwise expressly permitted by the Plan or required by law, the interests of Plan Participants and their beneficiaries under the Plan or this Trust Agreement may not in any manner whatsoever be assigned or alienated, whether voluntarily or involuntarily, or directly or indirectly.
Benefits May Not Be Assigned or Alienated. The interests of Participants, Beneficiaries and other persons entitled to benefits under the Trust and Plan are not subject to the claims of their creditors and may not be voluntarily or involuntarily assigned, alienated or encumbered, except as allowed pursuant to Code Section 401(a)(13) to the extent that the Committee, pursuant to the Plan, directs the Trustee that any such interests are subject to a qualified domestic relations order, as defined in Section 414(p) of the Code 17
Benefits May Not Be Assigned or Alienated. Except as otherwise expressly permitted by the Plan or required by law, the interest of persons entitled to benefits under the Plan may not in any manner whatsoever be assigned or alienated, whether voluntarily or involuntarily, or directly or indirectly. However, the Plan shall comply with the provisions of any court order which the Committee determines is a qualified domestic relations order as defined in Code §414(p). Notwithstanding any provisions in the Plan to the contrary, an individual who is entitled to payments from the Plan as an “alternate payee” pursuant to a qualified domestic relations order will receive a lump sum payment from the Plan as soon as administratively feasible after the Committee’s determination that the order is a qualified domestic relations order, unless the order specifically provides for payment to be made at a later time. The Committee shall defer distributions from a Participant’s Account subject to a domestic relations order pending determination that the order is qualified. Also, a Participant’s Accounts may be offset as provided by Code §401(a)(13)(C) by amounts the Participant is required to pay the Plan due to commission of a crime, breach of fiduciary duty, or the like.
Benefits May Not Be Assigned or Alienated. The interests of Executive or his beneficiaries under the Trust may not be voluntarily or involuntarily assigned, alienated or encumbered.
Benefits May Not Be Assigned or Alienated. Except as otherwise expressly permitted by the Plan or required by law, the interests of Plan Participants and their beneficiaries under the Plan or this Trust Agreement shall not be subject to any form of attachment, garnishment, levy or other actions of collection afforded creditors of the Company or Participants and their beneficiaries under the Plan. The Trustee shall not recognize any assignment or alienation of benefits unless authorized by the Benefits Committee.
Benefits May Not Be Assigned or Alienated. Subject to the provisions of Section 4.4, the interests of the Beneficiaries under the Trust may not be voluntarily or involuntarily assigned, alienated or encumbered.
Benefits May Not Be Assigned or Alienated. The interests under this Trust Agreement of participants and other persons entitled to benefits under the Plan are not subject to the claims of their creditors and may not be voluntarily or involuntarily assigned, alienated or encumbered except in the case of a qualified domestic relations order which relates to the provision of child support, alimony or marital rights of a spouse, child or other dependent and which meets such other requirements as may be imposed by Section 414(p) of the Code or regulations issued thereunder.
