Common use of Nonassignability by Executive Clause in Contracts

Nonassignability by Executive. Neither Executive nor any Beneficiary ----------------------------- shall assign, transfer, pledge or hypothecate any rights, interests or benefits created hereunder or hereby. Any attempt to do so contrary to the provisions of this Contract, and any levy of any attachment, execution or similar process created thereby, shall be null and void and without effect. CPC shall have no obligation to provide any payments or other consideration to any Beneficiary until and unless CPC has received such Beneficiary's written assurance that he will comply with the provisions of this Section 6.3.

Nonassignability by Executive. Neither Executive nor any Beneficiary ----------------------------- shall assign, transfer, pledge or hypothecate any rights, interests or benefits created hereunder or hereby. Any attempt to do so contrary to the provisions of this Contract, and any levy of any attachment, execution or similar process created thereby, shall be null and void and without effect. CPC shall have no obligation to provide any payments or other consideration to any Beneficiary until and unless CPC has received such Beneficiary's written assurance that he she or she will comply with the provisions of this Section 6.3.

Nonassignability by Executive. Neither Executive nor any Beneficiary ----------------------------- shall assign, transfer, pledge or hypothecate any rights, interests or benefits created hereunder or hereby. Any attempt to do so contrary to the provisions of this Contract, and any levy of any attachment, execution or similar process created thereby, shall be null and void and without effect. CPC shall have no obligation to provide any payments or other consideration to any Beneficiary until and unless CPC has received such Beneficiary's written assurance that he she will comply with the provisions of this Section 6.3.