Inalienability. Neither the Executive nor any designated beneficiary hereunder shall have any right to anticipate any payments to be made hereunder or to sell, assign, pledge, encumber or otherwise charge any of the payments to be made hereunder and the Bank shall not be answerable to any claim, demand or order as a result of any such alienation, assignment or transfer.
Appears in 2 contracts
Sources: Deferred Compensation Agreement (Union Bankshares Inc), Deferred Compensation Plan and Agreement (Union Bankshares Inc)