Common use of Nonalienation Clause in Contracts

Nonalienation. The right to receive payments under this Agreement shall not be subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge or encumbrances by Executive, Executive’s dependents, or beneficiaries, or to any other person who is or may become entitled to receive such payments hereunder. The right to receive payments hereunder shall not be subject to or liable for the debts, contracts, liabilities, engagements or torts of any person who is or may become entitled to receive such payments, nor may the same be subject to attachment or seizure by any creditor of such person under any circumstances, and any such attempted attachment or seizure shall be void and of no force and effect.

Appears in 5 contracts

Samples: Employment Agreement (Basic Energy Services, Inc.), Employment Agreement (Basic Energy Services, Inc.), Employment Agreement (Basic Energy Services, Inc.)

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Nonalienation. The right to receive payments under this the Agreement shall not be subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge or encumbrances encumbrance by Executive, Executive’s dependents, dependents or beneficiaries, or to any other person who is or may become entitled to receive such payments hereunder. The right to receive payments hereunder shall not be subject to or liable for the debts, contracts, liabilities, engagements or torts of any person who is or may become entitled to receive such payments, nor may the same be subject to attachment or seizure by any creditor of such person under any circumstances, and any such attempted attachment or seizure shall be void and of no force and effect.

Appears in 5 contracts

Samples: Transition and Separation Agreement (Parker Drilling Co /De/), Employment Agreement (Parker Drilling Co /De/), Employment Agreement (Parker Drilling Co /De/)

Nonalienation. The Subject to Section 37, the right to receive payments under this Agreement shall not be subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge or encumbrances encumbrance by Executive, dependents or beneficiaries of Executive’s dependents, or beneficiaries, or to any other person who is or may become entitled to receive such payments hereunder. The right to receive payments hereunder shall not be subject to or liable for the debts, contracts, liabilities, engagements or torts of any person who is or may become entitled to receive such payments, nor may the same be subject to attachment or seizure by any creditor of such person under any circumstances, and any such attempted attachment or seizure shall be void and of no force and effect.

Appears in 4 contracts

Samples: Employment Agreement (Alta Mesa Resources, Inc. /DE), Employment Agreement (Alta Mesa Resources, Inc. /DE), Employment Agreement (Alta Mesa Holdings, LP)

Nonalienation. The right to receive payments under this Agreement shall not be subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge or encumbrances encumbrance by Executivethe Employee, Executive’s dependents, his dependents or beneficiaries, or to any other person who is or may become entitled to receive such payments hereunder. The right to receive payments hereunder shall not be subject to or liable for the debts, contracts, liabilities, engagements or torts of any person who is or may become entitled to receive such payments, nor may the same be subject to attachment or seizure by any creditor of such person under any circumstances, and any such attempted attachment or seizure shall be void and of no force and effect.

Appears in 2 contracts

Samples: Employment Agreement (Luca Technologies Inc), Employment Agreement (Synthesis Energy Systems Inc)

Nonalienation. The right to receive payments under this Agreement shall not be subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge or encumbrances by Executive, Executive’s dependents, Executive or his dependents or beneficiaries, or to any other person who is or may become entitled to receive such payments hereunder. The right to receive payments hereunder shall not be subject to or liable for the debts, contracts, liabilities, engagements or torts of any person who is or may become entitled to receive such payments, nor may the same such payments be subject to attachment or seizure by any creditor of such person under any circumstances, and any such attempted attachment or seizure shall be void and of no force and effect.

Appears in 2 contracts

Samples: Employment Agreement (Pinnacle Gas Resources, Inc.), Employment Agreement (Pinnacle Gas Resources, Inc.)

Nonalienation. The right to receive payments under this Agreement shall not be subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge or encumbrances encumbrance by ExecutiveEmployee, Executive’s dependents, his dependents or beneficiaries, or to any other person who is or may become entitled to receive such payments hereunder. The right to receive payments hereunder shall not be subject to or liable for the debts, contracts, liabilities, engagements or torts of any person who is or may become entitled to receive such payments, nor may the same be subject to attachment or seizure by any creditor of such person under any circumstances, and any such attempted attachment or seizure shall be void and of no force and effect.

Appears in 2 contracts

Samples: Employment Agreement (Delta Petroleum Corp/Co), Employment Agreement (Smith International Inc)

Nonalienation. The right to receive payments under this Agreement shall not be subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge or encumbrances encumbrance by Executiveyou, Executive’s dependents, or by your dependents or beneficiaries, or to any other person or entity who is or may become entitled to receive any such payments payment hereunder. The right to receive payments hereunder shall not be subject to or liable for the debts, contracts, liabilities, engagements or torts of any person or entity who is or may become entitled to receive such payments, nor may the same be subject to attachment or seizure by any creditor of such person or entity under any circumstances, and any such attempted attachment or seizure shall be void and of no force and effect.

Appears in 2 contracts

Samples: Employment Agreement (Discovery Energy Corp.), Director Agreement (Discovery Energy Corp.)

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Nonalienation. The Except for Executive’s estate planning purposes to which the Company shall not unreasonably withhold its consent, the right to receive payments under this Agreement shall not be subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge or encumbrances encumbrance by Executive, dependents or beneficiaries of Executive’s dependents, or beneficiaries, or to any other person who is or may become entitled to receive such payments hereunder. The right to receive payments hereunder shall not be subject to or liable for the debts, contracts, liabilities, engagements or torts of any person who is or may become entitled to receive such payments, nor may the same be subject to attachment or seizure by any creditor of such person under any circumstances, and any such attempted attachment or seizure shall be void and of no force and effect.

Appears in 1 contract

Samples: Employment Agreement (Spacehab Inc \Wa\)

Nonalienation. The right to receive payments under this Agreement shall not be subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge or encumbrances encumbrance by Executive, Executive’s dependents, her dependents or beneficiaries, or to any other person Person who is or may become entitled to receive such payments hereunder. The right to receive payments hereunder shall not be subject to or liable for the debts, contracts, liabilities, engagements or torts of any person Person who is or may become entitled to receive such payments, nor may the same be subject to attachment or seizure by any creditor of such person Person under any circumstances, and any such attempted attachment or seizure shall be void and of no force and effect.

Appears in 1 contract

Samples: Executive Employment Agreement (Enbridge Inc)

Nonalienation. The right to receive payments under this Agreement shall not be subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge or encumbrances encumbrance by the Executive, Executive’s dependents, his dependents or beneficiaries, or to any other person Person who is or may become entitled to receive such payments hereunder. The right to receive payments hereunder shall not be subject to or liable for the debts, contracts, liabilities, engagements or torts of any person Person who is or may become entitled to receive such payments, nor may the same be subject to attachment or seizure by any creditor of such person Person under any circumstances, and any such attempted attachment or seizure shall be void and of no force and effect.

Appears in 1 contract

Samples: Executive Employment Agreement (Enbridge Inc)

Nonalienation. The right to receive payments under this the Agreement shall not be subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge or encumbrances encumbrance by Executive, Executive’s dependents, her dependents or beneficiaries, or to any other person who is or may become entitled to receive such payments hereunder. The right to receive payments hereunder shall not be subject to or liable for the debts, contracts, liabilities, engagements or torts of any person who is or may become entitled to receive such payments, nor may the same be subject to attachment or seizure by any creditor of such person under any circumstances, and any such attempted attachment or seizure shall be void and of no force and effect.

Appears in 1 contract

Samples: Employment Agreement (Parker Drilling Co /De/)

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