Common use of Xx Attachment Clause in Contracts

Xx Attachment. (a) Except as required by law, no right to receive payments under this Agreement shall be subject to anticipation, commutation, alienation, sale, assignment, encumbrance, charge, pledge or hypothecation, or to execution, attachment, levy or similar process or assignment by operation of law, and any attempt, voluntary or involuntary, to affect any such action shall be null, void and of no effect. (b) This Agreement shall be binding upon, and inure to the benefit of, Executive, the Company and their respective successors and assigns.

Appears in 2 contracts

Samples: Employment Agreement (Clifton Bancorp Inc.), Employment Agreement (Northeast Pennsylvania Financial Corp)

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Xx Attachment. (a) Except as required by law, no right to receive payments under this Agreement agreement shall be subject to anticipation, commutation, alienation, sale, assignment, encumbrance, charge, pledge pledge, or hypothecation, or to execution, attachment, levy levy, or similar process or assignment by operation of law, and any attempt, voluntary or involuntary, to affect any such action shall be null, void void, and of no effect.. ​ (b) This Agreement shall be binding upon, and inure to the benefit of, Executive, the Company Company, the Bank and their respective successors and assigns.. ​

Appears in 1 contract

Samples: Severance Agreement (Provident Financial Holdings Inc)

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Xx Attachment. (a) Except as required by law, no right to receive payments under this Agreement shall be subject to anticipation, commutation, alienation, sale, assignment, encumbrance, charge, pledge or hypothecation, hypothecation or to execution, attachment, levy or similar process or assignment by operation of law, and any attempt, voluntary or involuntary, to affect effectuate any such action shall be null, void and of no effect. (b) This Agreement shall be binding upon, and inure to the benefit of, Executive, the Company and their respective successors and assigns.

Appears in 1 contract

Samples: Change in Control Agreement (Medalist Diversified REIT, Inc.)

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