Inalienability. In no event may any current or former employee of the Company or any of its subsidiaries or affiliates sell, transfer, anticipate, assign or otherwise dispose of any right or interest under the Plan. At no time will any such right or interest be subject to the claims of creditors nor liable to attachment, execution or other legal process.
Inalienability. No beneficiary shall have any right to anticipate, sell, assign, mortgage, pledge or otherwise dispose of or encumber all or any part of the trust estate, nor shall any part of the trust estate including income, be liable for the debts or obligations, including alimony, of any beneficiary or be subject to attachment, garnishment, execution, creditor’s bill or any other legal or equitable process. All payments of income and principal under any Trusts or funds created hereunder shall be inalienable by the beneficiaries and free from the control or interference of any creditor of a beneficiary or of any spouse of a married beneficiary and shall not be subject to attachment, judgment, levy, sequestration, garnishment, bankruptcy or other insolvency proceedings or legal process or susceptible of anticipation or alienation. Should any beneficiary attempt to transfer or otherwise affect such beneficiary’s interest in the Trust or fund or the income therefrom by voluntary act or operation of law or in the event of any attempted levy, attachment, garnishment or sequestration of a beneficiary’s interest in the income or principal, all payments to or for such beneficiary shall, in the Trustee’s sole discretion, be made either personally to the beneficiary or used by the Trustee for the benefit of the beneficiary. No monetary value passing to any beneficiary shall be vested in such beneficiary until received by such beneficiary and therefore, no creditor of a beneficiary shall be allowed to place a lien against the effective assets of this Trust and is therefore, not subject to creditors of any beneficiary creditor until received by such beneficiary. This provision shall not bar any remedy sought by either the Florida Agency for Health Care Administration (AHCA), Department of Health and Rehabilitative Services for the purpose of obtaining trust distributions in accordance with this trust declaration and applicable federal or state laws and administrative regulations.
Inalienability. The right of any Participant or his Beneficiary in any distribution hereunder or to any separate Account shall not be subject to alienation, assignment or transfer, voluntarily or involuntarily, by operation of law or otherwise, except as may be expressly permitted herein. No Participant shall assign, transfer, or dispose of such right nor shall any such right be subjected to attachment, execution, garnishment, sequestration, or other legal, equitable, or other process. The preceding shall also apply to the creation, assignment, or recognition of a right to any benefit payable with respect to a Participant pursuant to a domestic relations order, unless such order is determined to be a qualified domestic relations order, as defined in Section 414(p) of the Code, or any domestic relations order entered before January 1, 1985. In the event a Participant's benefits are attached by order of any court, the Plan Administrator may bring an action for a declaratory judgment in a court of competent jurisdiction to determine the proper recipient of the benefits to be paid by the Plan. During the pendency of the action, the Plan Administrator shall cause any benefits payable to be paid to the court for distribution by the court as it considers appropriate.
Inalienability. No beneficiary shall have any right to anticipate, sell, assign, mortgage, pledge or otherwise dispose of or encumber all or any part of the Trust Estate, nor shall any part of the Trust Estate, including income, be liable for the debts or obligations, including alimony, of any beneficiary or be subject to attachment, garnishment, execution, creditor’s xxxx or any other legal or equitable process. This provision shall not bar any remedy sought by the Georgia Department of Community Health for the purpose of obtaining trust distributions in accordance with this Trust declaration and applicable federal or state laws and administrative regulations.
Inalienability. Except so far as may be contrary to the laws of any state having jurisdiction in the premises, a Participant or Beneficiary shall have no right to assign, transfer, hypothecate, encumber, commute or anticipate his interest in any payments under this Nonqualified Plan and such payments shall not in any way be subject to any legal process to levy upon or attach the same for payment of any claim against any Participant or Beneficiary.
Inalienability. Neither the Executive nor any designated beneficiary hereunder shall have any right to anticipate any payments to be made hereunder or to sell, assign, pledge, encumber or otherwise charge any of the payments to be made hereunder and the Bank shall not be answerable to any claim, demand or order as a result of any such alienation, assignment or transfer.
Inalienability. The Agreement is concluded intuitu personae and shall not be assigned or transferred or continue for any reason without Inserm Transfert’s prior written and express approval, including any transfer or continuation according to a legal provision or an imperative regulation, a recovery or a winding-up by Court, or under any other decision or injunction, purchase, merger, transfer, division, lease or any other disposition of all or practically all assets or activities of Licensee to which the Agreement relates.
Inalienability. No Participant shall have the right to assign, transfer, encumber, or anticipate the Participant’s interest in the Trust, or any payments to be made under this Plan, and no benefits, payments, rights, or interest of a Participant of any kind or nature shall be in any way subject to any legal process to levy upon, garnishee, or attach the same for payment of any claim against a Participant, except as provided in Section 6.8; nor shall any Participant have any right to receive distributions except as they are lawfully made out of the Trust as and when due and payable under the terms of this Plan. Notwithstanding the anything herein to the contrary, to the extent permitted by Code Section 401(a)(13), the benefits payable under this Plan may be offset by an amount set forth in a court order, judgment, consent order, decree or settlement agreement in connection with a breach of fiduciary duty owed to the Plan.
Inalienability. No beneficiary shall have any right to anticipate, sell, assign, mortgage, pledge or otherwise dispose of or encumber all or any part of the trust estate, nor shall any part of the trust estate including income, be liable for the debts or obligations, including alimony, of any beneficiary or be subject to attachment, garnishment, execution, creditor’s bill, or any other legal or equitable process. Further, this trust shall not be subject to claims of the settlor’s creditors pursuant to C.R.S. § 15- 5-505(1.5)(b). Notwithstanding the foregoing, nothing provided in this paragraph is intended to limit the Colorado Department of Health Care Policy and Financing’s right to reimbursement for medical assistance benefits paid upon termination of the trust.
Inalienability. 2.1 Subject to the provisions of paragraphs 2.2 through 2.6 below, each of the Parties undertakes, for the term of this Agreement and as from its effective date, not to make, at one or several times, any Transfer of Covered Securities.
