Spendthrift Clause. To the extent permitted by law, no benefits payable under this Agreement shall be subject to the claim of any creditor of the Employee (or Designated Beneficiary, if applicable) or to any legal process by any creditor of any such person. The Employee or Designated Beneficiary, if applicable, shall have no right to alienate, anticipate, pledge or assign any benefits under the Agreement.
Appears in 6 contracts
Samples: Supplemental Executive Retirement Agreement (First National Corp /Sc/), Supplemental Executive Retirement Agreement (First National Corp /Sc/), Supplemental Executive Retirement Agreement (First National Corp /Sc/)
Spendthrift Clause. To the extent permitted by law, no No benefits payable under this Agreement shall be subject to the claim of any creditor of the Employee Executive (or Designated Beneficiary, if applicable) or to any legal process by any creditor of any such person. The Employee Executive or Designated Beneficiary, if applicable, shall have no right to alienate, anticipate, pledge or assign any benefits under the Agreement.
Appears in 1 contract
Samples: Supplemental Executive Retirement Agreement (TriState Capital Holdings, Inc.)
Spendthrift Clause. To the extent permitted by law, no benefits payable under this Agreement shall be subject to the claim of any creditor of the Employee Director (or Designated Beneficiary, if applicable) or to any legal process by any creditor of any such person. The Employee Director or Designated Beneficiary, if applicable, shall have no right to alienate, anticipate, pledge or assign any benefits under the Agreement.
Appears in 1 contract
Samples: Supplemental Nonqualified Retirement Agreement (First Ottawa Bancshares Inc)
Spendthrift Clause. To the extent permitted by law, no benefits payable under this Agreement shall be subject to the claim of any creditor of the Eligible Employee (or Designated Beneficiary, if applicable) or to any legal process by any creditor of any such person. The Eligible Employee or Designated Beneficiary, if applicable, shall have no right to alienate, anticipate, pledge or assign any benefits under the Agreement.
Appears in 1 contract
Samples: Supplemental Executive Retirement Agreement (United Bankshares Inc/Wv)