Common use of No Assignment of Rights Clause in Contracts

No Assignment of Rights. This Agreement shall be binding upon and inure to the benefit of the Company and its successors and assigns, and Executive, his Beneficiary and his estate. The rights of Executive, his Beneficiary and his estate to payments of SERP benefits hereunder are expressly declared not to be subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment, or garnishment by creditors of Executive, his Beneficiary or his estate. Any attempted disposition of such rights shall be null and void.

Appears in 5 contracts

Samples: Supplemental Executive Retirement Plan Agreement (CSK Auto Corp), Supplemental Executive Retirement Plan Agreement (Falcon Building Products Inc), Supplemental Executive Retirement Plan Agreement (CSK Auto Corp)

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No Assignment of Rights. This Agreement shall be binding upon and inure to the benefit of the Company and its successors and assigns, and Executive, his Beneficiary and his estate. The rights of Executive, his Beneficiary and his estate to payments of SERP benefits Deferred Compensation hereunder are expressly declared not to be subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment, or garnishment by creditors of Executive, his Beneficiary or his estate. Any attempted disposition of such rights shall be null and void.

Appears in 1 contract

Samples: Executive Deferred Compensation Agreement (Dow Jones & Co Inc)

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