Common use of NON-ASSIGNABILITY OF BENEFITS Clause in Contracts

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. Neither the EmployeeExecutive, nor his designated beneficiary beneficiary, nor any other beneficiary under this Agreement person 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 non-assignable and non- non-transferable. Any such attempted assignment or transfer shall be void and shall terminate this Agreement; the Employer Company shall thereupon have no further liability hereunder. No amount payable hereunder shall, before prior to actual payment thereof, be subject to seizure by any creditor of any such the Executive or his designated beneficiary for the payment of any debt, judgment or other obligation, by a proceeding at law or in equity, nor be transferable by operation of law in the event of the bankruptcy, insolvency or death of the EmployeeExecutive, or his designated beneficiary or any other beneficiary hereunderbeneficiary.

NON-ASSIGNABILITY OF BENEFITS. Neither the EmployeeExecutive, his designated beneficiary beneficiary, nor any other beneficiary under this Agreement shall have any power or right to transfer, assign, anticipate, hypothecate hypothecate, or otherwise encumber any part or all of the amounts payable hereunder, which are expressly declared to be unassignable and non- non-transferable. Any such attempted assignment or transfer shall be void and shall terminate this Agreement; the Employer Corporation shall thereupon have no further liability hereunder. No amount payable hereunder shall, before prior to actual payment thereof, be subject to seizure by any creditor of any such beneficiary for the payment of any debt, judgment judgment, or other obligation, by a proceeding at law or in equity, nor not transferable by operation of law in the event of the bankruptcy, insolvency insolvency, or death of the EmployeeExecutive, his designated beneficiary beneficiary, or any other beneficiary hereunder.

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- non-transferable. Any such attempted assignment or transfer shall be void and shall terminate this Agreement; the Employer Corporation shall thereupon have no further liability hereunder. No amount payable hereunder shall, before prior to 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 not 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. 15.1 Neither the EmployeeExecutive, 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- non-transferable. Any such attempted assignment or transfer shall be void and shall terminate this Agreement; the Employer Corporation shall thereupon have no further liability hereunder. No amount payable hereunder shall, before prior to 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 EmployeeExecutive, his designated beneficiary or any other beneficiary hereunder.