NON-LIABILITY FOR EXECUTIVE'S DEBTS. Except as provided under Applicable Laws, the Executive's rights and obligations under this Agreement shall not be subject to encumbrance or to the claims of the Executive's creditors (other than the Company), or subject to the debts, contracts or engagements of the Executive or the Executive's heirs, successors and assigns, and any attempt to do any of the foregoing shall be null and void ab initio and without force and effect.
Appears in 8 contracts
Samples: Executive Employment Agreement (Pinnacle Oil International Inc), Executive Employment Agreement (Pinnacle Oil International Inc), Executive Employment Agreement (Pinnacle Oil International Inc)
NON-LIABILITY FOR EXECUTIVE'S DEBTS. Except as provided under Applicable Laws, the The Executive's rights and obligations under this Agreement shall not be subject to encumbrance or to the claims of the Executive's creditors (other than the Company), or subject to the debts, contracts or engagements of the Executive or the Executive's heirs, successors and assigns, and any attempt to do any of the foregoing shall be null and void ab initio and without force and effect.
Appears in 1 contract
Samples: Employment Agreement (Pinnacle Oil International Inc)
