Spendthrift Provision. Prior to actual receipt by the Executive, the Beneficiary, or the Executive's estate, as the case may be, no right or benefit under this Agreement and without limitation, no interest in any payment hereunder shall be: (a) anticipated, assigned, or encumbered or subject to any creditor's claim or subject to execution, attachment or similar legal process; or (b) applied on behalf of or subject to the debts, contracts, liabilities or torts of the Person entitled or who might become entitled to such benefits or subject to the claims of any creditor of any such Person.
Appears in 4 contracts
Samples: Change in Control and Salary Continuation Agreement (Primadonna Resorts Inc), Change in Control and Salary Continuation Agreement (Primadonna Resorts Inc), Change in Control and Salary Continuation Agreement (Primadonna Resorts Inc)
Spendthrift Provision. Prior to actual receipt by the Executive, the Beneficiary, Executive or the Executive's estate, her --------------------- Beneficiary (as the case may be), no right or benefit under this Agreement and Contract and, without limitation, no interest in any payment hereunder shall be:
(ai) anticipated, assigned, assigned or encumbered or subject to any creditor's claim or subject to execution, attachment or similar legal process; or
(bii) applied on behalf of or subject to the debts, contracts, liabilities or torts of the Person entitled or who might become entitled to such benefits or subject to the claims of any creditor of any such Person.
Appears in 2 contracts
Samples: Employment Agreement (Transitional Hospitals Corp), Employment Contract (Transitional Hospitals Corp)
