Common use of Nonassignability of Rights Clause in Contracts

Nonassignability of Rights. The right of any Participant to receive any reimbursement under the Plan shall not be alienable by the Participant by assignment or any other method, and shall not be subject to the rights of creditors, and any attempt to cause such right to be so subjected shall not be recognized, except to such extent as may be required by law.

Appears in 4 contracts

Samples: Adoption Agreement, Adoption Agreement, Health Reimbursement Arrangement

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Nonassignability of Rights. The right of any Participant to receive any reimbursement under the Plan HRA shall not be alienable by the Participant by assignment or any other method, and shall not be subject to the rights of creditors, and any attempt to cause such right to be so subjected shall not be recognized, except to such extent as may be required by law.

Appears in 1 contract

Samples: Health Reimbursement Arrangement

Nonassignability of Rights. The right of any Participant to receive any reimbursement under the Plan shall not be alienable by the Participant by assignment or any other method, method and shall not be subject to the rights of creditorsbeing taken by his creditors by any process whatsoever, and any attempt to cause such right to be so subjected shall will not be recognized, except to such extent as may be required by law.

Appears in 1 contract

Samples: Assumption Agreement (Maxim Integrated Products Inc)

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Nonassignability of Rights. The right rights of any Participant to receive any reimbursement benefits under the Plan shall not be alienable by the Participant by assignment or any other method, and shall will not be subject to the rights of creditorsbe taken by his creditors by any process whatsoever, and any attempt to cause such right to be so subjected shall will not be recognized, except to such extent as may be required by law.

Appears in 1 contract

Samples: Flexible Benefits Plan

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