Anti-Alienation Sample Clauses
The Anti-Alienation clause is designed to prevent the transfer, assignment, or seizure of certain rights or benefits, typically in the context of retirement plans or trusts. In practice, this means that a participant’s interest in a pension plan cannot be sold, assigned to creditors, or otherwise transferred to another party, even in cases of bankruptcy or legal judgments. The core function of this clause is to protect beneficiaries by ensuring that their entitled benefits remain secure and are used solely for their intended purpose, safeguarding them from creditors or third-party claims.
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Anti-Alienation. No person entitled to any benefit under this Trust and the Plan shall have any right to assign, alienate, hypothecate, or encumber such person's interest in any benefits under this Trust Agreement (except as to any loans to a Participant under the Plan meeting the requirements of Code section 72(p)) and those benefits shall not in any way be subject to claim of such person's creditors or liable to attachment, execution, or other process of law except to the extent required under a Qualified Domestic Relations Order (within the meaning of section 414(p) of the Code).
Anti-Alienation. To the extent permitted by law, benefits to a Trust beneficiary under this Agreement may not be anticipated, assigned, alienated or subject to attachment, garnishment, levy, execution or other legal or equitable process and no benefit actually paid to a Trust beneficiary by the Trustee shall be subject to any claim for repayment by ConAgra or the Trustee. This anti-alienation and anti- assignment prohibition shall include prohibition of assignment and alienation for alimony and child support. Exhibit 10.12 (Continued)
Anti-Alienation. The benefits payable hereunder shall not be subject to alienation, assignment, garnishment, attachment, execution or levy of any kind and any attempt to cause such benefits to be so subjected shall not be recognized except to the extent required by law and except as permitted in Section 4.06.
Anti-Alienation. No right to claim to, or interest in, any part of the Trust Fund’s assets, or any Contributions shall be subject to anticipation, alienation, sale, transfer, assignment, mortgage, pledge, encumbrance, hypothecation, commutation, garnishment, charge, or any other process of any court except as specifically permitted under the Program or this Trust Agreement or required by law. No benefit payable from the Trust Fund to any person shall in any manner be liable for, or subject to, the debts, contracts, liabilities, engagements, or torts of any such person, nor shall it be subject to attachment or legal process for or against such person, except to such extent required by law. Any attempt to anticipate, alienate, sell, transfer, assign, mortgage, pledge, garnish, encumber, charge or levy against any benefit under the Program or Trust Fund shall be void, except as required by law. No portion of the unpaid Litigation settlement proceeds shall be subject to the bankruptcy estate of any Participant, except as required by law.
Anti-Alienation. No right or claim to, or interest in, any part of the Plan’s or Trust’s assets, or any payment from this Plan or Trust shall be subject to anticipation, alienation, sale, transfer, assignment, mortgage, pledge, encumbrance, hypothecation, commutation, garnishment, charge, or any other process of any court except as specifically permitted under the Plan or this Trust Agreement or required by law. No benefit payable from the Plan or Trust to any person shall in any manner be liable for, or subject to, the debts, contracts, liabilities, engagements, or torts of any such person, nor shall it be subject to attachment or legal process for or against such person, except to such extent required by law. Any attempt to anticipate, alienate, sell, transfer, assign, mortgage, pledge, garnish, encumber, charge, or levy against any benefit under the Plan or Trust shall be void, except as required by law. No portion of the benefits payable under the Plan or Trust shall be subject to the bankruptcy estate of any person, except as required by law.
Anti-Alienation. Neither ▇▇. ▇▇▇▇ nor any Beneficiary shall have the right to assign, transfer, encumber or otherwise subject to any lien any payment or other interest under this Agreement, nor shall such payment or interest be subject to attachment, execution or levy of any kind.
Anti-Alienation. Neither the Benefits payable under this Agreement nor the right to receive future Benefits under the Agreement may be anticipated, alienated, sold, transferred, assigned, pledged, encumbered, or subjected to any charge or legal process; no interest or right to receive a Benefit may be taken, either voluntarily or involuntarily, for the satisfaction of the debts of, or other obligations or claims against, such person or entity, including claims for alimony, support, separate maintenance and claims in bankruptcy proceedings.
Anti-Alienation. No right or claim to, or interest in, any part of the Plan or Trust 537 Fund's assets, or any payment from this Plan or Trust Fund shall be subject to anticipation, 538 alienation, sale, transfer, assignment, mortgage, pledge, encumbrance, hypothecation, 539 commutation, garnishment, charge, or any other process of any court except as specifically 540 permitted under the Plan or this Trust Agreement or required by law. No benefit payable from this 541 Plan or Trust Fund to any person shall in any manner be liable for, or subject to, the debts, 542 contracts, liabilities, engagements, or torts of any such person, nor shall it be subject to attachment 543 or legal process for or against such person, except to such extent required by law. Any attempt to 544 anticipate, alienate, sell, transfer, assign, mortgage, pledge, garnish, encumber, charge, or levy 545 against any benefit under this Plan or Trust Fund shall be void, except as required by law. No 546 portion of the benefits payable under this Plan or Trust Fund shall be subject to the bankruptcy 547 estate of any Participant or Beneficiary in the Plan, except as required by law. 548
Anti-Alienation. No right to claim to, or interest in, any part of the Program or Trust Fund’s assets, or any payment from the Program or Trust Fund shall be subject to anticipation, alienation, sale, transfer, assignment, mortgage, pledge, encumbrance, hypothecation, commutation, garnishment, charge, or any other process of any court except as specifically permitted under the Program or this Trust Agreement or required by law. No benefit payable from the Program or Trust Fund to any person shall in any manner be liable for, or subject to, the debts, contracts, liabilities, engagements, or torts of any such person, nor shall it be subject to attachment or legal process for or against such person, except to such extent required by law. Any attempt to anticipate, alienate, sell, transfer, assign, mortgage, pledge, garnish, encumber, charge or levy against any benefit under the Program or Trust Fund shall be void, except as required by law. No portion of the VLOSAP Benefits under the Program or Trust Fund shall be subject to the bankruptcy estate of any Participant or Beneficiary in the Program, except as required by law.