Common use of Nonassignable Rights Clause in Contracts

Nonassignable Rights. Employee, his wife, or his widow after his death, or his personal representatives, designated beneficiaries and heirs, shall not have the right to anticipate or commute, or to sell, assign, transfer, or otherwise alienate or convey the right to receive any payments hereunder, whether by his, her or their voluntary or involuntary act, or by operation of law and, in particular, that any payments due hereunder shall not be subject to attachment or garnishment or any other legal proceedings by any creditor, or be in any way responsible for the debts or liabilities of Employee or his wife or his widow after his death or his personal representatives, designated beneficiaries and heirs. Should Employee or his wife or his widow after his death or his personal representatives, designated beneficiaries and heirs, voluntarily attempt to breach this Section of this Agreement, Reynolds' liability to make payments hereunder from and after the xxxx xx said attempt shall be extinguished; and should any attempt be made to reach the payments by other than Employee or his wife or his widow after his death or his personal representatives, designated beneficiaries and heirs, Reynolds shall make each payment as it becomes due to such person xx xxxxxns for the sole benefit of Employee or his wife or his widow or his personal representatives, designated beneficiaries and heirs, as the case may be, as Reynolds may deem expedient.

Appears in 1 contract

Samples: Employment Agreement (Reynolds & Reynolds Co)

AutoNDA by SimpleDocs

Nonassignable Rights. EmployeeHolmxx, his xxs wife, or his widow after his death, or his personal representatives, designated beneficiaries and heirs, shall not have the right to anticipate or commute, or to sell, assign, transfer, or otherwise alienate or convey the right to receive any payments hereunder, whether by his, her or their voluntary or involuntary act, or by operation of law and, in particular, that any payments due hereunder shall not be subject to attachment or garnishment or any other legal proceedings by any creditor, or be in any way responsible for the debts or liabilities of Employee or Holmxx xx his wife or his widow after his death or his personal representatives, designated beneficiaries and heirs. Should Employee or Holmxx xx his wife or his widow after his death or his personal representatives, designated beneficiaries and heirs, voluntarily attempt to breach this Section of this Agreement, ReynoldsReynxxxx' liability xxability to make payments hereunder from and after the xxxx xx date of said attempt shall be extinguished; and should any attempt be made to reach the payments by other than Employee or Holmxx xx his wife or his widow after his death or his personal representatives, designated beneficiaries and heirs, Reynolds shall Reynxxxx xxxll make each payment as it becomes due to such person xx xxxxxns or persons for the sole benefit of Employee or Holmxx xx his wife or his widow or his personal representatives, designated beneficiaries and heirs, as the case may be, as Reynolds may deem expedient.,

Appears in 1 contract

Samples: Escrow Agreement (Reynolds & Reynolds Co)

Nonassignable Rights. Employee, his wife, or his widow after his death, or his personal representatives, designated beneficiaries and heirs, shall not have the right to anticipate or commute, or to sell, assign, transfer, or otherwise alienate or convey the right to receive any payments hereunder, whether by his, her or their voluntary or involuntary act, or by operation of law and, in particular, that any payments due hereunder shall not be subject to attachment or garnishment or any other legal proceedings by any creditor, or be in any way responsible for the debts or liabilities of Employee or his wife or his widow after his death or his personal representatives, designated beneficiaries and heirs. Should Employee or his wife or his widow after his death or his personal representatives, designated beneficiaries and heirs, voluntarily attempt to breach this Section of this Agreement, ReynoldsReynxxxx' liability xxability to make payments hereunder from and after the xxxx xx date of said attempt shall be extinguished; and should any attempt be made to reach the payments by other than Employee or his wife or his widow after his death or his personal representatives, designated beneficiaries and heirs, Reynolds shall Reynxxxx xxxll make each payment as it becomes due to such person xx xxxxxns or persons for the sole benefit of Employee or his wife or his widow or his personal representatives, designated beneficiaries and heirs, as the case may be, as Reynolds may Reynxxxx xxx deem expedient.

Appears in 1 contract

Samples: Stock Option Agreement (Reynolds & Reynolds Co)

Nonassignable Rights. EmployeeNevix, his xxs wife, or his widow after his death, or his personal representatives, designated beneficiaries and heirs, shall not have the right to anticipate or commute, or to sell, assign, transfer, or otherwise alienate or convey the right to receive any payments hereunder, whether by his, her or their voluntary or involuntary act, or by operation of law and, in particular, that any payments due hereunder shall not be subject to attachment or garnishment or any other legal proceedings by any creditor, or be in any way responsible for the debts or liabilities of Employee or Nevix xx his wife or his widow after his death or his personal representatives, designated beneficiaries and heirs. Should Employee or Nevix xx his wife or his widow after his death or his personal representatives, designated beneficiaries and heirs, voluntarily attempt to breach this Section of this Agreement, ReynoldsReynxxxx' liability xxability to make payments hereunder from and after the xxxx xx date of said attempt shall be extinguished; and should any attempt be made to reach the payments by other than Employee or Nevix xx his wife or his widow after his death or his personal representatives, designated beneficiaries and heirs, Reynolds shall Reynxxxx xxxll make each payment as it becomes due to such person xx xxxxxns or persons for the sole benefit of Employee or Nevix xx his wife or his widow or his personal representatives, designated beneficiaries and heirs, as the case may be, as Reynolds may Reynxxxx xxx deem expedientxxxedient.

Appears in 1 contract

Samples: Escrow Agreement (Reynolds & Reynolds Co)

Nonassignable Rights. EmployeeHedexx, his xxs wife, or his widow after his death, or his personal representatives, designated beneficiaries and heirs, shall not have the right to anticipate or commute, or to sell, assign, transfer, or otherwise alienate or convey the right to receive any payments hereunder, whether by his, her or their voluntary or involuntary act, or by operation of law and, in particular, that any payments due hereunder shall not be subject to attachment or garnishment or any other legal proceedings by any creditor, or be in any way responsible for the debts or liabilities of Employee or Hedexx xx his wife or his widow after his death or his personal representatives, designated beneficiaries and heirs. Should Employee or Hedexx xx his wife or his widow after his death or his personal representatives, designated beneficiaries and heirs, voluntarily attempt to breach this Section of this Agreement, ReynoldsReynxxxx' liability xxability to make payments hereunder from and after the xxxx xx date of said attempt shall be extinguished; and should any attempt be made to reach the payments by other than Employee or Hedexx xx his wife or his widow after his death or his personal representatives, designated beneficiaries and heirs, Reynolds shall Reynxxxx xxxll make each payment as it becomes due to such person xx xxxxxns or persons for the sole benefit of Employee or Hedexx xx his wife or his widow or his personal representatives, designated beneficiaries and heirs, as the case may be, as Reynolds may Reynxxxx xxx deem expedientxxxedient.

Appears in 1 contract

Samples: Escrow Agreement (Reynolds & Reynolds Co)

AutoNDA by SimpleDocs

Nonassignable Rights. EmployeeHolmxx, his xxs wife, or his widow after his death, or his personal representatives, designated beneficiaries and heirs, shall not have the right to anticipate or commute, or to sell, assign, transfer, or otherwise alienate or convey the right to receive any payments hereunder, whether by his, her or their voluntary or involuntary act, or by operation of law and, in particular, that any payments due hereunder shall not be subject to attachment or garnishment or any other legal proceedings by any creditor, or be in any way responsible for the debts or liabilities of Employee or Holmxx xx his wife or his widow after his death or his personal representatives, designated beneficiaries and heirs. Should Employee or Holmxx xx his wife or his widow after his death or his personal representatives, designated beneficiaries and heirs, voluntarily attempt to breach this Section of this Agreement, ReynoldsReynxxxx' liability xxability to make payments hereunder from and after the xxxx xx date of said attempt shall be extinguished; and should any attempt be made to reach the payments by other than Employee or Holmxx xx his wife or his widow after his death or his personal representatives, designated beneficiaries and heirs, Reynolds shall Reynxxxx xxxll make each payment as it becomes due to such person xx xxxxxns or persons for the sole benefit of Employee or Holmxx xx his wife or his widow or his personal representatives, designated beneficiaries and heirs, as the case may be, as Reynolds may Reynxxxx xxx deem expedientxxxedient.

Appears in 1 contract

Samples: Escrow Agreement (Reynolds & Reynolds Co)

Nonassignable Rights. Employee, his wife, or his widow after his death, or his personal representatives, designated beneficiaries and heirs, shall not have the right to anticipate or commute, or to sell, assign, transfer, or otherwise alienate or convey the right to receive any payments hereunder, whether by his, her or their voluntary or involuntary act, or by operation of law and, in particular, that any payments due hereunder shall not be subject to attachment or garnishment or any other legal proceedings by any creditor, or be in any way responsible for the debts or liabilities of Employee or his wife or his widow after his death or his personal representatives, designated beneficiaries and heirs. Should Employee or his wife or his widow after his death or his personal representatives, designated beneficiaries and heirs, voluntarily attempt to breach this Section of this Agreement, Reynolds' liability to make payments hereunder from and after the xxxx daxx xx said xxid attempt shall be extinguished; and should any attempt be made to reach the payments by other than Employee or his wife or his widow after his death or his personal representatives, designated beneficiaries and heirs, Reynolds shall make each payment as it becomes due to such person xx xxxxxns or xxxxxxx for the sole benefit of Employee or his wife or his widow or his personal representatives, designated beneficiaries and heirs, as the case may be, as Reynolds may deem expedient.

Appears in 1 contract

Samples: Employment Agreement (Reynolds & Reynolds Co)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!