Common use of Non-Assignment of Awards Clause in Contracts

Non-Assignment of Awards. The Participant shall not be permitted to sell, transfer, pledge or assign any amount payable pursuant to the Plan, provided that the right to payment under the Plan may pass by Will or the laws of descent and distribution.

Appears in 5 contracts

Samples: Employment Agreement, Employment Agreement (Phosphate Holdings, Inc.), Employment Agreement (Phosphate Holdings, Inc.)

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