Nonassignable Rights. Except as otherwise provided by the Agreement, neither the Executive nor his surviving spouse shall have any right to commute, sell, assign, transfer or otherwise convey the right to receive any payments hereunder, which payments and the right thereto are expressly declared to be nonassignable and nontransferable.
Appears in 7 contracts
Samples: Supplemental Executive Retirement Agreement (Meridian Bancorp, Inc.), Supplemental Executive Retirement Agreement (Meridian Interstate Bancorp Inc), Supplemental Executive Retirement Agreement (Meridian Interstate Bancorp Inc)
Nonassignable Rights. Except as otherwise provided by the Agreement, neither the Executive Executive, nor his surviving spouse spouse, nor his estate shall have any right to commute, sell, assign, transfer or otherwise convey the right to receive any payments hereunder, which payments and the right thereto are expressly declared to be nonassignable and nontransferable.
Appears in 3 contracts
Samples: Supplemental Executive Retirement Agreement (Legacy Bancorp, Inc.), Supplemental Executive Retirement Agreement (Legacy Bancorp, Inc.), Supplemental Executive Retirement Agreement (Legacy Bancorp, Inc.)
Nonassignable Rights. Except as otherwise provided by the Agreement, neither the Executive Director nor his surviving spouse shall have any right to commute, sell, assign, transfer or otherwise convey the right to receive any payments hereunder, which payments and the right thereto are expressly declared to be nonassignable and nontransferable.
Appears in 2 contracts
Samples: Supplemental Executive Retirement Agreement (Meridian Bancorp, Inc.), Supplemental Executive Retirement Agreement (Meridian Interstate Bancorp Inc)
