Common use of Executive’s Rights; No Assignment Clause in Contracts

Executive’s Rights; No Assignment. The Executive’s rights to benefits under the SERP shall be no greater than the rights of a general unsecured creditor of the Company, and shall not be assignable or subject to alienation, anticipation, garnishment, attachment or any other legal process by his creditors.

Appears in 5 contracts

Samples: Employment Agreement (Xerium Technologies Inc), Employment Agreement (Xerium Technologies Inc), Employment Agreement (Xerium Technologies Inc)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.