Nonalienability Sample Clauses

Nonalienability. No right of or amount payable to the Executive under this Agreement shall be subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, hypothecation, encumbrance, charge, execution, attachment, levy or similar process or to setoff against any obligations or to assignment by operation of law. Any attempt, voluntary or involuntary, to effect any action specified in the immediately preceding sentence shall be void. However, this Section 10 shall not prohibit the Executive from designating one or more persons, on a form satisfactory to the Company, as beneficiary to receive amounts payable to him under this Agreement in the event that he should die before receiving them.
Nonalienability. No right of or amount payable to the Executive under this Agreement shall be subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, hypothecation, encumbrance, charge, execution, attachment, levy or similar process or (except as provided in section 5.4 hereof) to setoff against any obligation or to assignment by operation of law. Any attempt, voluntary or involuntary, to effect any action specified in the immediately preceding sentence shall be void. However, this section 6.5 shall not prohibit the Executive from designating one or more persons, on a form satisfactory to the Company, to receive amounts payable to him under this Agreement in the event that he should die before receiving them.
Nonalienability. Except to the extent that Interpublic determines is necessary to comply with a domestic relations order (as defined in Section 414(p)(1)(B) of the Code), no right of or amount payable to the Executive under this Agreement shall be subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, hypothecation, encumbrance, charge, execution, attachment, levy or similar process, or (except as provided in Section 4.3 hereof) to setoff against any obligation or to assignment by operation of law. Any attempt, voluntary or involuntary, to effect any action prohibited by the immediately preceding sentence shall be void.
Nonalienability. Except for the withholding of any tax under applicable law, no amount payable at any time hereunder shall be subject in any manner to alienation, sale, transfer, assignment, pledge, attachment or other legal process, or encumbrance of any kind. Any attempt to alienate, sell, transfer, assign, pledge or otherwise encumber any such amount, whether currently or hereafter payable, shall be
Nonalienability. The right of the Employee or any other person to the payment of deferred compensation or other benefits under the Agreements shall not be assigned transferred, pledged or encumbered.
Nonalienability. Rights to benefits payable under this Section III(B) are not subject in any way to anticipation, alienation, assignment, sale, transfer, pledge, or encumbrance.
Nonalienability. No right of or amount payable to the Executive under this Agreement shall be subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, hypothecation, encumbrance, charge, execution, attachment, levy or similar process or (except as provided in section 5.4 hereof) to setoff against any obligation or to assignment by operation of law. Any attempt, voluntary or involuntary, to effect any action specified in the immediately preceding sentence shall be void. However, this section 6.5 shall not prohibit the
Nonalienability. No disposition, charge or encumbrance on the income or principal of the Trust Fund, or any part thereof, by any Participant or Beneficiary by way of anticipation shall be valid or in any way binding upon the Trustee, and no Participant or Beneficiary shall have any right to assign, transfer, encumber or otherwise dispose of such income or principal, or any part thereof, until the same shall be paid to such individual by the Trustee, and no income or principal or any part thereof shall in any way be liable to any claim of any creditor of any such person.
Nonalienability. No Participant, Designee or Beneficiary shall have any right to sell, assign, pledge, hypothecate, anticipate or in any way create a lien on any part of the Trust Fund. To the maximum extent permitted by law, no interest in the Trust shall be assignable in or by operation of law, or be liable in any way for the debts for defaults of a Participant, Designee, Beneficiary, spouse or heirs at law whether to CBI or to others.

Related to Nonalienability

  • Nonassignability Neither this Agreement nor any right or interest hereunder shall be assignable by the Executive, his beneficiaries, dependents or legal representatives without the Company’s prior written consent; provided, however, that nothing in this Section 7.10 shall preclude (a) the Executive from designating a beneficiary to receive any benefit payable hereunder upon his death or (b) the executors, administrators or other legal representatives of the Executive or his estate from assigning any rights hereunder to the Person(s) entitled thereto.

  • Assignability This Agreement shall not be assigned by either party without the prior written consent of the other.