Common use of Nonalienation of Benefits Clause in Contracts

Nonalienation of Benefits. The Employee shall not have any right to pledge, hypothecate, anticipate, or in any way create a lien upon any payments or other benefits provided under this Agreement; and no benefits payable hereunder shall be assignable in anticipation of payment either by voluntary or involuntary acts, or by operation of law, except by will or pursuant to the laws of descent and distribution.

Appears in 18 contracts

Samples: Severance and Non Competition Agreement, Severance and Non Competition Agreement, Severance and Non–competition Agreement (Inventiv Health Inc)

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Nonalienation of Benefits. The Employee shall not have any right to pledge, hypothecatehypothecae, anticipate, or in any way create a lien upon any payments or other benefits provided under this Agreement; and no benefits payable hereunder shall be assignable in anticipation of payment either by voluntary or involuntary acts, or by operation of law, except by will or pursuant to the laws of descent and distribution.

Appears in 4 contracts

Samples: Employment Agreement (Micro Asi Inc), Employment Agreement (Micro Asi Inc), Employment Agreement (Micro Asi Inc)

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