Common use of Nonalienation Clause in Contracts

Nonalienation. Except insofar as applicable law may otherwise require and subject to Sections 1, 3 and 8 of this Trust Agreement: (i) no amount payable to or in respect of any Trust Beneficiary at any time under the Trust shall be subject to any manner of alienation by anticipation, sale, transfer, assignment, bankruptcy, pledge, attachment, charge or encumbrance of any kind, and any attempt to so alienate, sell, transfer, assign, pledge, attach, charge or otherwise encumber any such amount, whether presently or thereafter payable, shall be void; and (ii) the Trust Fund shall in no manner be liable for or subject to the debts or liabilities of any Trust Beneficiary.

Appears in 11 contracts

Samples: Trust Agreement, Trust Agreement (Alpha Natural Resources, Inc.), Alpha Operating Companies Rabbi Trust Agreement (Alpha Natural Resources, Inc.)

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Nonalienation. 15.1 Except insofar as applicable law may otherwise require and subject to Sections 11.1, 3 3.1 and 8 of this Trust Agreement: 8, (i) no amount payable to or in respect of any Trust Beneficiary at any time under the Trust shall be subject to in any manner of to alienation by anticipation, sale, transfer, assignment, bankruptcy, pledge, attachment, charge or encumbrance of any kind, and any attempt to so alienate, sell, transfer, assign, pledge, attach, charge charge, or otherwise encumber any such amount, whether presently or thereafter payable, shall be void; and (ii) the Trust Fund shall in no manner be liable for or subject to the debts or liabilities of any Trust Beneficiary.

Appears in 3 contracts

Samples: Supplemental Retirement Plan Trust (Moog Inc. Supplemental Retirement Plan Trust), Supplemental Retirement Plan Trust (Moog Inc.), Supplemental Retirement Plan Trust (Acme Electric Corp)

Nonalienation. Except insofar as applicable law may otherwise require and subject to Sections 1, 3 and 8 of provided by this Trust Agreement: Agreement and except as otherwise may be required by applicable law, (ia) no amount payable to or in respect of any Trust Beneficiary Plan, Participant or Employee at any time under the Trust shall be subject to in any manner of to alienation by any Participant or Employee by anticipation, sale, transfer, assignment, bankruptcy, pledge, attachment, charge charge, or encumbrance of any kind, and any attempt to so alienate, sell, transfer, assign, pledge, attach, charge charge, or otherwise encumber any such amount, whether presently or thereafter payable, shall be void; , and (iib) the Trust Fund shall in no manner be liable for or subject to the debts or liabilities of any Trust BeneficiaryParticipant or Employee.

Appears in 2 contracts

Samples: Trust Agreement (Kaufman & Broad Home Corp), Trust Agreement (Wachovia Corp/ Nc)

Nonalienation. 12.1 Except insofar as applicable law may otherwise require and subject to Sections 1, 3 and 8 of this or as set forth in the Trust Agreement: , (ia) no amount or property payable to or in respect of any Trust Beneficiary Participant or any Indemnitee at any time under the Trust shall be subject to in any manner of to alienation by anticipation, sale, transfer, assignment, bankruptcy, pledge, attachment, charge charge, or encumbrance of any kind, and any attempt to so alienate, sell, transfer, assign, pledge, attach, charge charge, or otherwise encumber any such amount, whether presently or thereafter payable, shall be void; void and (iib) the Trust Fund shall in no manner be liable for or subject to the debts or liabilities of any Trust BeneficiaryParticipant or any Indemnitee.

Appears in 1 contract

Samples: Restricted Stock Trust Agreement (Young & Rubicam Inc)

Nonalienation. Except insofar as applicable law may otherwise require and subject to Sections 1Paragraphs 1A, 3 3.A and 8 of this Trust Agreement: trust agreement, (i) no amount payable to or in respect of any Trust Beneficiary participant or beneficiary at any time under the Trust trust shall be subject to in any manner of to alienation by anticipation, sale, transfer, assignment, bankruptcy, pledge, attachment, charge or encumbrance of any kind, and any attempt to so alienate, sell, transfer, assign, pledge, attach, charge change or otherwise encumber any such amount, whether presently or thereafter payable, shall be void; and (ii) the Trust Fund shall in no manner be liable for or subject to the debts or liabilities of any Trust Beneficiarya participant or beneficiary.

Appears in 1 contract

Samples: Trust Agreement (Orrstown Financial Services Inc)

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Nonalienation. 16.1 Except insofar as applicable law may otherwise require and subject to Sections 11.1, 3 3.1 and 8 of this Trust Agreement: , (i) no amount payable to or in respect of any Trust Beneficiary participant or beneficiary at any time under the Trust shall be subject to in any manner of to alienation by anticipation, sale, transfer, assignment, bankruptcy, pledge, attachment, charge or encumbrance of any kind, and any attempt to so alienate, sell, transfer, assign, pledge, attach, charge harge or otherwise encumber any such amount, whether presently or thereafter payable, shall be void; and (ii) the Trust Fund fund shall in no manner be liable for or subject to the debts or liabilities of any Trust Beneficiarya participant or beneficiary.

Appears in 1 contract

Samples: Trust Agreement (Minolta QMS Inc)

Nonalienation. Except insofar as applicable law may otherwise require and subject to Sections 1, 3 and 8 of this Trust Agreement: , (i) no amount payable to or in respect of any Trust Beneficiary at any time under the Trust shall be subject to any manner of alienation by anticipation, sale, transfer, assignment, bankruptcy, pledge, attachment, charge or encumbrance of any kind, and any attempt to so alienate, sell, transfer, assign, pledge, attach, charge or otherwise encumber any such amount, whether presently or thereafter payable, shall be void; and (ii) the Trust Fund shall in no manner be liable for or subject to the debts or liabilities of any Trust Beneficiary.

Appears in 1 contract

Samples: Trust Agreement (Data General Corp)

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