Common use of Assignment by Employee Clause in Contracts

Assignment by Employee. Except as otherwise expressly provided for in this Agreement, no right, benefit or interest of Employee arising hereunder shall be subject to anticipation, alienation, sale, assignment, encumbrance, charge, pledge, hypothecation or set-off in respect of any claim, debt or obligation or to execution, attachment, levy or similar process, or assignment by operation of law. Any attempt, voluntary or involuntary, to effect any action specified in the immediately preceding sentence shall, to the full extent permitted by law, be null, void and of no effect.

Appears in 10 contracts

Samples: Change in Control Agreement (Prime Hospitality Corp), Control Agreement (Prime Hospitality Corp), Control Agreement (Prime Hospitality Corp)

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Assignment by Employee. Except as otherwise expressly provided for in this Agreement, no right, benefit or interest of Employee arising hereunder shall be subject to anticipation, alienation, sale, assignment, encumbrance, charge, pledge, hypothecation or set-off in respect of any claim, debt or obligation or to execution, attachment, levy or similar process, or assignment by operation of law. Any attempt, voluntary or involuntary, to effect any action specified in the th immediately preceding sentence shall, to the full extent permitted by law, be null, void and of no effect.

Appears in 1 contract

Samples: Change in Control Agreement (Prime Hospitality Corp)

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