ASSIGNMENT OR PLEDGE. The Directors Deferred Compensation Account and any payment payable at any time to this Agreement shall not be assignable or subject to pledge or hypothecation nor shall said payments be subject to seizure for the payment of any debts, judgments, alimony, or separate maintenance, or be transferable by operation of law in the event of bankruptcy, insolvency or otherwise except to the extent as provided by law.
ASSIGNMENT OR PLEDGE. Insurance under this contract may not be assigned or pledged.
ASSIGNMENT OR PLEDGE. For the purposes of paragraphs (f) and (g), assignment or pledge of any portion of the Participant's interest in the Plan and a loan, pledge, or assignment with respect to any insurance contract purchased under the Plan, will be treated as a loan.
ASSIGNMENT OR PLEDGE. The Executive's Deferred Compensation Account and any payment payable at any time to this Agreement shall not be assignable or subject to pledge or hypothecation nor shall said payments be subject to seizure for the payment of any debts, judgments, alimony or separate maintenance, or be transferable by operation of law in the event of bankruptcy, insolvency or otherwise except to the extent as provided by law.
ASSIGNMENT OR PLEDGE. Purchaser has the right to assign and/or pledge the option created under this Agreement provided said assignment or pledge does not encumber the Property beyond what is provided for in this Option Agreement.
