Common use of Spendthrift Clause Clause in Contracts

Spendthrift Clause. None of the benefits, payments, proceeds or distribution under this Plan shall be subject to the claim of any creditor of the Executive or to any legal process by any creditor of the Executive. The Executive shall not have any right to alienate, commute, anticipate or assign any of the benefits, payments, proceeds or distributions under this Agreement.

Appears in 6 contracts

Samples: Management Agreement (Cotton States Life Insurance Co /), Management Agreement (Cotton States Life Insurance Co /), Management Agreement (Cotton States Life Insurance Co /)

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Spendthrift Clause. None of the benefits, payments, proceeds or distribution under this Plan shall be subject to the claim of any creditor of the Executive or to any legal process by any creditor of the Executive. The Executive shall not have any right to alienate, commute, anticipate or assign any of the benefits, payments, proceeds or distributions under this Agreement.

Appears in 2 contracts

Samples: Management Agreement (Cotton States Life Insurance Co /), Management Agreement (Cotton States Life Insurance Co /)

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