Common use of Nonassignability; Nonalienation Clause in Contracts

Nonassignability; Nonalienation. Benefits payable to Participants and their Beneficiaries under this Master Trust Agreement may not be anticipated, assigned (either at law or in equity), alienated, pledged, encumbered or subjected to attachment, garnishment, levy, execution or other legal or equitable process.

Appears in 8 contracts

Sources: Master Trust Agreement (Host Hotels & Resorts L.P.), Deferred Compensation Plan (International Rectifier Corp /De/), Master Trust Agreement (Haynes International Inc)

Nonassignability; Nonalienation. Benefits payable to Participants and -------------------------------- their Beneficiaries under this Master Trust Agreement may not be anticipated, assigned (either at law or in equity), alienated, pledged, encumbered or subjected to attachment, garnishment, levy, execution or other legal or equitable process.

Appears in 2 contracts

Sources: Master Trust Agreement (Zero Corp), Master Trust Agreement (Zero Corp)