Common use of Benefits Not Assignable Facility of Payments Clause in Contracts

Benefits Not Assignable Facility of Payments. 11.1 No portion of any benefit credited or paid under this Agreement with respect to the Executive shall be subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance or charge, and any attempt so to anticipate, alienate, sell, transfer, assign, pledge, encumber or charge the same shall be void, nor shall any portion of such benefit be in any manner payable to any assignee, receiver or any one trustee, or be liable for his debts, contracts, liabilities, engagements or torts, or be subject to any legal process to levy upon or attach.

Appears in 5 contracts

Samples: Retirement Security Agreement (Insteel Industries Inc), Retirement Security Agreement (Insteel Industries Inc), Retirement Security Agreement (Insteel Industries Inc)

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Benefits Not Assignable Facility of Payments. 11.1 10.1 No portion of any benefit credited or paid under this Agreement with respect to the Executive shall be subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance or charge, and any attempt so to anticipate, alienate, sell, transfer, assign, pledge, encumber or charge the same shall be void, nor shall any portion of such benefit be in any manner payable to any assignee, receiver or any one trustee, or be liable for his debts, contracts, liabilities, engagements or torts, or be subject to any legal process to levy upon or attach.

Appears in 5 contracts

Samples: Retirement Security Agreement (Insteel Industries Inc), Retirement Security Agreement (Insteel Industries Inc), Retirement Security Agreement (Insteel Industries Inc)

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Benefits Not Assignable Facility of Payments. 11.1 No portion of any benefit credited or paid under this Agreement with respect to the Executive shall be subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance or charge, and any attempt so to anticipate, alienate, sell, transfer, assign, pledge, encumber or charge the same shall be void, nor shall any portion of such benefit be in any manner payable to any assignee, receiver or any one trustee, or be liable for his her debts, contracts, liabilities, engagements or torts, or be subject to any legal process to levy upon or attach.

Appears in 1 contract

Samples: Retirement Security Agreement (Insteel Industries Inc)

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