Common Contracts
2 similar null contracts by Weatherford International LTD
WEATHERFORD INTERNATIONAL, INC. FOREIGN EXECUTIVE DEFERRED COMPENSATION STOCK PLAN (As Amended and Restated Effective December 31, 2008)Weatherford International LTD • December 31st, 2008 • Drilling oil & gas wells • Texas
assignment, pledge, encumbrance or charge, and any attempt to anticipate, alienate, sell, assign, pledge, encumber, or charge the same shall be void. No right or benefit under the Plan shall in any manner be liable for or subject to any debts, contracts, liabilities or torts of the person entitled to such benefits. If any Participant or any Beneficiary becomes bankrupt or attempts to anticipate, alienate, sell, assign, pledge, encumber or charge any right or benefit under the Plan, that right or benefit shall, in the discretion of the Committee, cease. In that event, the Committee may have the Company hold or apply the right or benefit or any part of it to the benefit of the Participant or Beneficiary, his or her spouse, children or other dependents or any of them in any manner and in any proportion the Committee believes to be proper in its sole and absolute discretion, but is not required to do so.
WEATHERFORD INTERNATIONAL, INC. EXECUTIVE DEFERRED COMPENSATION STOCK OWNERSHIP PLAN (As Amended and Restated Effective December 31, 2008)Weatherford International LTD • December 31st, 2008 • Drilling oil & gas wells • Texas
obligations under the Plan, the maintenance of the Plan and the rabbi trust shall not create any lien, claim, encumbrance, right, title or other interest of any kind in any Participant in any asset held by the Company or the Parent, contributed to any trust created, or otherwise be designated to be used for payment of any of its obligations created in this agreement. No specific assets of the Company or the Parent have been or will be set aside, or will be transferred to the trust or will be pledged for the performance of the Company’s and the Parent’s obligations under the Plan which would remove those assets from being subject to the general creditors and judgment creditors of the Company or the Parent.
