Benefits Not Transferable. Neither the Director, his --------- ------------------------- Beneficiaries nor any other person claiming any right or interest under this Agreement through the Director or any Beneficiary shall have any right to commute, assign, transfer or otherwise convey the right to receive any benefits hereunder.
Appears in 4 contracts
Samples: Director's Retirement Plan Agreement (Newsouth Bancorp Inc), Director's Retirement Plan Agreement (First South Bancorp Inc /Va/), Director's Retirement Plan Agreement (Newsouth Bancorp Inc)
Benefits Not Transferable. Neither the Director, his --------- ------------------------- Beneficiary or Beneficiaries nor any other person claiming any right or interest under this Agreement through the Director or any Beneficiary shall have any right to commute, assign, transfer or otherwise convey the any right to receive any benefits hereunder.
Appears in 1 contract
Samples: Director's Deferred Compensation Plan Agreement (Newsouth Bancorp Inc)
