Common use of NO ASSIGNMENT OR ALIENATION Clause in Contracts

NO ASSIGNMENT OR ALIENATION. This Agreement shall not be assignable by Employee without Company's prior written consent; provided, however, nothing in this Section shall preclude Employee from designating a beneficiary to receive any benefit payable upon his death or preclude Employee's executors, administrators, or other legal representatives of his estate from assigning any rights hereunder to the person or persons entitled thereto. Further, except as required by law, no right to receive payments under this Agreement shall be subject to anticipation, communication, alienation, sale, assignment, encumbrance, charge, pledge, or hypothecation or to execution, attachment, levy, or similar process or assignment by operation of law, and any attempt, voluntary or involuntary, to effect any such action shall be null, void, and of no effect.

NO ASSIGNMENT OR ALIENATION. This Agreement shall not be assignable by Employee without Company's prior written consent; provided, however, that nothing in this Section paragraph shall preclude Employee from designating a beneficiary to receive any benefit payable upon his death death, or preclude Employee's executors, administrators, administrators or other legal representatives of his estate from assigning any rights hereunder to the person or persons entitled thereto. Further, except as required by law, no right to receive payments under this Agreement shall be subject to anticipation, communication, alienation, sale, assignment, encumbrance, charge, pledge, pledge or hypothecation or to execution, attachment, levy, levy or similar process or assignment by operation of law, and any attempt, voluntary or involuntary, to effect any such action shall be null, void, void and of no effect.