Common use of Benefits May Not Be Assigned or Alienated Clause in Contracts

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.

Appears in 2 contracts

Samples: 401(k) Plan Trust Agreement, Trust Agreement (Suntrust Banks Inc)

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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 shall not in be subject to any manner whatsoever be assigned form of attachment, garnishment, levy or alienated, whether voluntarily other actions of collection afforded creditors of the Company or involuntarily, Participants and their beneficiaries under the Plan. The Trustee shall not recognize any assignment or directly or indirectlyalienation of benefits unless authorized by the Benefits Committee.

Appears in 1 contract

Samples: Trust Agreement (Suntrust Banks Inc)

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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 persons entitled to benefits 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.

Appears in 1 contract

Samples: Trust Agreement (Oceaneering International Inc)

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