Common use of Direct assignment Clause in Contracts

Direct assignment. To secure the right of the Corporation to receive the Death Benefit pursuant to Section 8.a. hereinbelow, the Employee has assigned, or shall contemporaneously with the execution of this Agreement assign, the Death Benefit to the Corporation via direct assignment, by properly executing the Assignment. The Assignment shall not be terminated, altered or amended by the Employee, without the prior written consent of the Corporation. The parties agree to take all actions necessary to cause the Assignment to conform to the provisions of this Agreement.