Common use of No Assignment by Executive Clause in Contracts

No Assignment by Executive. No interest of the Executive or the Executive's spouse or any other beneficiary under this Agreement, or any right to receive any payments or distributions hereunder, shall be subject in any manner to sale, transfer, assignment, pledge, attachment, garnishment, or other alienation or encumbrance of any kind, nor may such interest or right to receive a payment or distribution be taken, voluntarily or involuntarily, for the satisfaction of the obligations or debts of, or other claims against, the Executive or the Executive's spouse or other beneficiary, including claims for alimony, support, separate maintenance, and claims in bankruptcy proceedings.