Common use of Benefits Not Transferable Clause in Contracts

Benefits Not Transferable. Neither the Employee, any Beneficiary nor any other person claiming any right or interest under this Agreement through the Employee or any other Beneficiary shall have any right to commute, assign, transfer or otherwise convey the right to receive any benefits hereunder.

Appears in 3 contracts

Samples: Supplemental Income Plan Agreement (First South Bancorp Inc /Va/), Supplemental Income Plan Agreement (First South Bancorp Inc /Va/), Supplemental Income Plan Agreement (First South Bancorp Inc /Va/)

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Benefits Not Transferable. Neither the Employee, any --------- ------------------------- Beneficiary nor any other person claiming any right or interest under this Agreement through the Employee or any other Beneficiary shall have any right to commute, assign, transfer or otherwise convey the right to receive any benefits hereunder.

Appears in 1 contract

Samples: Supplemental Income Plan Agreement (Newsouth Bancorp Inc)

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Benefits Not Transferable. Neither the Employee, any --------- ------------------------- Beneficiary nor any other person claiming any right or interest under this Agreement through the Employee or any other Beneficiary shall have any right to commute, assign, transfer or otherwise convey the right to receive any benefits hereunder.

Appears in 1 contract

Samples: Supplemental Income Plan Agreement (Newsouth Bancorp Inc)

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