NON-ASSIGNABILITY OF BENEFITS. Neither the Executive nor his designated beneficiary under this Agreement shall have any power or right to transfer, assign, anticipate, hypothecate or otherwise encumber any part or all of the amounts payable hereunder. Such amounts shall not be subject to seizure by any creditor of any such beneficiary, by a proceeding at law or in equity, nor transferable by operation of law in the event of the bankruptcy, insolvency or death of the Executive, his designated beneficiary, or any other beneficiary hereunder. Any such attempted assignment or transfer shall be void and shall terminate this Agreement; the Company shall thereupon have no further liability hereunder.
NON-ASSIGNABILITY OF BENEFITS. The Executive may not transfer, assign, anticipate, hypothecate or otherwise encumber any part or all of the amounts payable hereunder, which are expressly declared to be unassignable and non-transferable. Any such attempted assignment or transfer shall be void and shall terminate this Agreement; the Corporation shall thereupon have no further liability hereunder. No amount payable hereunder shall, prior to actual payment thereof, be subject to seizure by any creditor of the Executive for the payment of any debt, judgment or other obligation, by a proceeding at law or in equity.
NON-ASSIGNABILITY OF BENEFITS. Neither the Employee, his designated beneficiary nor any other beneficiary under this Agreement shall have any power or right to transfer, assign, anticipate, hypothecate or otherwise encumber any part or all of the amounts payable hereunder, which are expressly declared to be unassignable and non- transferable. Any such attempted assignment or transfer shall be void and shall terminate this Agreement; the Employer shall thereupon have no further liability hereunder. No amount payable hereunder shall, before actual payment thereof, be subject to seizure by any creditor of any such beneficiary for the payment of any debt, judgment or other obligation, by a proceeding at law or in equity, nor transferable by operation of law in the event of the bankruptcy, insolvency or death of the Employee, his designated beneficiary or any other beneficiary hereunder.
NON-ASSIGNABILITY OF BENEFITS. No Participant, Beneficiary(ies) nor any other person entitled to benefits hereunder shall have any power or right to transfer, assign, anticipate, hypothecate or otherwise encumber any part or all of the amounts payable hereunder, which is expressly declared to be unassignable and nontransferable. Any such attempted assignment or transfer shall be void. No amount payable hereunder shall, prior to actual payment thereof, be subject to seizure by any creditor of any such Participant, Beneficiary(ies) or any other person entitled to benefits hereunder for the payment of any debt judgment or other obligation, by a proceeding at law or in equity, nor transferable by operation of law in the event of the bankruptcy, insolvency or death of the Participant, his Beneficiary(ies) or any other person entitled to benefits hereunder.
NON-ASSIGNABILITY OF BENEFITS. No benefits under the Plan shall be subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, charge, or garnishment. Any attempt so to anticipate, alienate, sell, transfer, assign, pledge, encumber, charge or garnish the same shall otherwise be void; nor shall any such benefit be in any manner liable for or subject to the debts, contracts, liabilities, engagements or torts of the person entitled to such benefit, except as specifically provided in this Plan. Notwithstanding the foregoing, nothing in this Section shall prohibit the Plan from following the processing of an order or requirement under Section 401(a)(13)(C) of the Code. Effective July 3, 2017, the Plan shall no longer recognize a domestic relations order received by the City after such date for any member or beneficiary regardless of when the member ceased to be employed by the City. If any Member or any other beneficiary under the Plan becomes bankrupt or attempts to anticipate, alienate, sell, transfer, assign, pledge, encumber or charge any benefit under the Plan, except as specifically provided herein, or if any garnishment is attempted, then such benefit shall, in the discretion of the Retirement Board, cease and terminate, and in that event the Retirement Board may accumulate or withhold income or apply the same for the support of such Member or beneficiary, or his or her family or any of them, in such manner and in such proportion as the Retirement Board may think proper.
NON-ASSIGNABILITY OF BENEFITS. Neither the Employer nor his spouse shall have the power or right to transfer, assign, anticipate, hypothecate, or otherwise encumber all or any part of the amounts payable by the Corporation hereunder. Such amounts shall not be subject to seizure by any creditor of the Employee, by a proceeding at law or in equity, nor transferable by operation of law in the event of bankruptcy, insolvency, or death of the Employee or his spouse. Notwithstanding any provision to the contrary in the Agreement, any such attempted assignment, transfer, or encumbrance shall be void.
NON-ASSIGNABILITY OF BENEFITS. Neither the Executive, his designated beneficiary, nor any other beneficiary under this Agreement shall have any power or right to transfer, assign, anticipate, hypothecate, or otherwise encumber any part or all of the amounts payable hereunder, which are expressly declared to be unassignable and non-transferable. Any such attempted assignment or transfer shall be void and shall terminate this Agreement; the Corporation shall thereupon have no further liability
NON-ASSIGNABILITY OF BENEFITS. Any benefits to which the Executive or his beneficiary may become entitled under this Agreement are not subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, charge, garnishment, execution or levy of any kind, and any attempt to cause any such benefits to be so subjected shall not be recognized. Benefits are not subject to attachment or legal process for the debts, contracts, liabilities, engagements or torts of the Executive or his beneficiary. This Agreement does not give the Executive or beneficiary any interest, lien or claim against any specific asset of the Company.
NON-ASSIGNABILITY OF BENEFITS. The benefits payable under this Agreement and the right to receive future benefits may not be anticipated, alienated, sold, transferred, assigned, pledged, encumbered, or subjected to any charge or legal process.
NON-ASSIGNABILITY OF BENEFITS. Except as expressly provided in the Plan (including, with respect to a particular coverage, in the applicable Coverage Document), benefits available or provided under the Plan:
(i) are not in any way subject to debts or other obligations of a Participant (or other Covered Person or a beneficiary) entitled thereto;
(ii) may not be voluntarily or involuntarily sold, transferred, alienated, assigned, or encumbered; and
(iii) shall not be subject to being taken by his or her creditors by any process whatsoever; and any attempt to cause such benefits to be so subjected will not be recognized, except to the extent required by law (e.g., as required by the tax withholding provisions of applicable law).
