Non-Assignable Rights. Employee shall not have the right to anticipate or commute with any third party, or to sell, assign, transfer, or otherwise alienate or convey the right to receive any payments hereunder, whether by his voluntary or involuntary act, or by operation of law and, in particular, that any payments due hereunder shall not be subject to attachment or garnishment or any other legal proceedings by any creditor, or be in any way responsible for the debts or liabilities of Employee. Should any attempt be made to reach any payments hereunder by other than Employee, the Escrow Agent shall make each payment as it becomes due to such person or persons, for the sole benefit of Employee as the Escrow Agent may deem expedient.
Appears in 2 contracts
Samples: Employment Agreement (Reynolds & Reynolds Co), Employment Agreement (Reynolds & Reynolds Co)
Non-Assignable Rights. Employee shall not have the right to anticipate or commute with any third party, or to sell, assign, transfer, or otherwise alienate or convey the right to receive any payments hereunder, whether by his voluntary or involuntary act, or by operation of law and, in particular, that any payments due hereunder shall not be subject to attachment or garnishment or any other legal proceedings by any creditor, or be in any way responsible for the debts or liabilities of Employee. Should any attempt be made to reach any payments hereunder by other than Employee, the Escrow Agent shall make each payment as it becomes due to such person or persons, for the sole benefit of Employee as the Escrow Agent may deem expedientupon written direction from Employee.
Appears in 2 contracts
Samples: Employment Agreement (Reynolds & Reynolds Co), Employment Agreement (Reynolds & Reynolds Co)