Xx Assignment. Executive’s rights to receive benefits under this Agreement shall not be assignable or transferable whether by pledge, creation of a security interest or otherwise, other than a transfer by will or by the laws of descent or distribution. In the event of any attempted assignment or transfer contrary to this Section 13, the Employer shall have no liability to pay any amount so attempted to be assigned or transferred. This Agreement shall inure to the benefit of and be enforceable by Executive’s personal or legal representatives, executors, administrators, successors, heirs, distributees, devisees and legatees.
Appears in 9 contracts
Samples: Employment Agreement (Bridgewater Bancshares Inc), Employment Agreement (Bridgewater Bancshares Inc), Employment Agreement (Bridgewater Bancshares Inc)
Xx Assignment. Executive’s rights to receive payments or benefits under this Agreement shall not be assignable or transferable whether by pledge, creation of a security interest or otherwise, other than a transfer by will or will, by the laws of descent or distributiondistribution or to a revocable living trust of Executive. In the event of any attempted assignment or transfer contrary to this Section 1314, the Employer Company shall have no liability to pay any amount so attempted to be assigned or transferred. This Agreement shall inure to the benefit of and be enforceable by Executive’s personal or legal representatives, executors, administrators, successors, heirs, distributees, devisees and legatees.
Appears in 2 contracts
Samples: Employment Agreement (Lordstown Motors Corp.), Employment Agreement (Lordstown Motors Corp.)
Xx Assignment. Executive’s rights Employee's right to receive benefits under this Agreement shall not be assignable or transferable whether by pledge, creation of a security interest interest, or otherwise, other than a transfer by will or by the laws of descent or distribution. In the event of any attempted assignment or transfer contrary to this Section 13, the Employer Bank and its Affiliates shall have no liability to pay any amount so attempted to be assigned or transferred. This Agreement shall inure to the benefit of and be enforceable by Executive’s Employee's personal or and legal representatives, executors, administrators, successors, heirs, distributees, devisees devisees, and legatees.
Appears in 1 contract
