Common use of NON-ASSIGNABILITY CLAUSE Clause in Contracts

NON-ASSIGNABILITY CLAUSE. It is agreed that neither Employee nor any other designee or successor, other than the estate of Employee, shall have any right to commute, sell, assign, transfer, encumber or otherwise convey the right to receive any payments hereunder, which payments and the right thereto are expressly declared to be non-assignable and non-transferable, and any attempt to do such shall be null and void.

NON-ASSIGNABILITY CLAUSE. It is agreed that neither Employee nor any other designee or successor, other than the estate of Employee, shall have any right to commute, sell, assign, transfer, encumber or otherwise convey the right to receive any payments hereunder, which payments and the right thereto are expressly declared to be non-assignable and non-transferablenontransferable, and any attempt to do such shall be null and void.