Non-Assignable Rights. It is agreed that neither the Executive nor the Executive’s spouse, nor other beneficiary, will have any right to commute, sell, assign, transfer or otherwise convey the right to receive any payments hereunder without having the written consent of Nalco to do so. Such payments and the right thereto are expressly declared to be non-assignable and non-transferable.
Appears in 4 contracts
Samples: Death Benefit Agreement (Ecolab Inc.), Employment Agreement, Death Benefit Agreement (Nalco Finance Holdings LLC)
Non-Assignable Rights. It is agreed that neither the Executive nor the Executive’s 's spouse, nor other beneficiary, will have any right to commute, sell, assign, transfer or otherwise convey the right to receive any payments hereunder without having the written consent of Nalco to do so. Such payments and the right thereto are expressly declared to be non-assignable and non-transferable.
Appears in 3 contracts
Samples: Death Benefit Agreement (Nalco Holdings LLC), Death Benefit Agreement (Nalco Holding CO), Death Benefit Agreement (Nalco Holding CO)
