Common use of Inalienability of Benefits Clause in Contracts

Inalienability of Benefits. The benefits provided hereunder shall not be subject to alienation, pledge, use as security for a loan, assignment, garnishment, attachment, execution, or levy of any kind, and any attempt to cause such benefits to be so subjected shall not be recognized; provided, however, that the rule just stated shall not apply in the case of an instrument received pursuant to divorce, legal separation, tax levy, or separate maintenance payments.

Appears in 4 contracts

Samples: Plan Agreement, Plan Agreement, Plan Agreement

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Inalienability of Benefits. The benefits provided hereunder shall not be subject to alienation, pledge, use as security for a loan, assignment, garnishment, attachment, execution, execution or levy of any kind, and kind of any attempt to cause such benefits to be so subjected shall not be recognized; provided, however, that recognized except to the rule just stated shall not apply in the case of an instrument received pursuant to divorce, legal separation, tax levy, or separate maintenance paymentsextent as may be required by law.

Appears in 1 contract

Samples: Acorn Investment Trust

Inalienability of Benefits. The benefits provided hereunder shall not be subject to alienation, pledge, use as security for a loan, assignment, garnishment, attachment, execution, or levy of any kind, and any attempt to cause such benefits to be so subjected shall not be recognized; provided, however, that except to the rule just stated shall not apply in the case of an instrument received pursuant to divorce, legal separation, tax levy, or separate maintenance paymentsextent required by law.

Appears in 1 contract

Samples: Freedom Mutual Fund

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Inalienability of Benefits. The benefits provided hereunder shall not be subject to alienation, pledge, use as security for a loan, assignment, garnishment, attachment, execution, execution or levy of any kind, and any attempt to cause such benefits to be so subjected shall not be recognized; provided, however, that the rule just stated shall not apply in the case of an instrument received pursuant to divorce, legal separation, tax levy, or separate maintenance payments.

Appears in 1 contract

Samples: scs.fidelity.com

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