Common use of Nonassignable Clause in Contracts

Nonassignable. Neither the Executive nor the Executive's spouse nor any other beneficiary under this Agreement shall have any power or right to transfer, assign, anticipate, hypothecate, mortgage, modify or otherwise encumber in advance any of the benefits payable hereunder. Nor shall any of said benefits be subject to seizure for the payment of any debts, judgements, alimony or separate maintenance owed by the Executive or the Executive's beneficiary or any of them, or be transferrable by operation of law in the event of bankruptcy, insolvency or otherwise.

Nonassignable. Neither the Executive nor the Executive's spouse , her spouse, nor any other beneficiary under this Agreement shall have any power or right to transfer, assign, anticipate, hypothecate, mortgage, modify commute, modify, or otherwise encumber in advance any of the benefits payable hereunder. Nor , nor shall any of said benefits be subject to seizure for the payment of any debts, judgementsjudgments, alimony or separate maintenance maintenance, owed by the Executive or the Executive's his beneficiary or any of them, or be transferrable transferable by operation of law in the event of a bankruptcy, insolvency or otherwise.

Nonassignable. Neither the Executive nor the Executive's spouse , his spouse, nor any other beneficiary under this Agreement shall have any power or right to transfer, assign, anticipate, hypothecate, mortgage, modify commute, modify, or otherwise encumber in advance any of the benefits payable hereunder. Nor , nor shall any of said benefits be subject to seizure for the payment of any debts, judgementsjudgments, alimony or separate maintenance maintenance, owed by the Executive or the Executive's his beneficiary or any of them, or be transferrable transferable by operation of law in the event of bankruptcy, insolvency or otherwise.

Nonassignable. Neither the Executive nor the Executive's spouse nor -------------- any other beneficiary under this Agreement shall have any the power or right to transfer, assign, anticipate, hypothecate, mortgage, modify or otherwise encumber in advance any of the benefits payable hereunder. Nor shall any of said benefits be subject to seizure for the payment of any debts, judgementsjudgments, alimony or separate maintenance owed by the Executive or the Executive's beneficiary or any of them, or be transferrable transferable by operation of law in the event of bankruptcy, insolvency or otherwise.

Nonassignable. Neither the Executive nor the Executive's spouse , his spouse, nor any other beneficiary under this Agreement shall have any power or right to transfer, assign, anticipate, hypothecate, mortgage, modify modify, or otherwise encumber in advance any of the benefits payable hereunder. Nor Further, no benefits hereunder shall any of said benefits be subject to seizure for the payment of any debts, judgementsjudgments, alimony or separate maintenance alimony, owed by the Executive or the Executive's his beneficiary or any of them, or be transferrable transferable by operation of law in the event of bankruptcy, insolvency or otherwise.

Nonassignable. Neither the Executive nor the Executive's spouse , his spouse, nor any other beneficiary Beneficiary under this Agreement shall have any power or right to transfer, assign, anticipate, hypothecate, mortgage, modify commute, modify, or otherwise encumber in advance any of the benefits payable hereunder. Nor , nor shall any of said benefits be subject to seizure for the payment of any debtsany, judgementsjudgments, alimony or separate maintenance maintenance, owed by the Executive or the Executive's his beneficiary or any of them, or be transferrable transferable by operation of law in the event of bankruptcy, insolvency or otherwise.

Nonassignable. Neither the Executive nor the Executive's spouse , his or her spouse, nor any other beneficiary under this Agreement shall have any power or right to transfer, assign, anticipate, hypothecate, mortgage, modify commit, modify, or otherwise encumber in advance any of the benefits payable hereunder. Nor , nor shall any of said benefits be subject to seizure for the payment of any debts, judgementsjudgments, alimony or separate maintenance maintenance, owed by the Executive or the Executive's his or her beneficiary or any of them, or be transferrable transferable by operation of law in the event of bankruptcy, insolvency or otherwise.

Nonassignable. Neither the Executive Executive, nor the Executive's spouse spouse, nor any other beneficiary Beneficiary under this Agreement shall have any power or right to transfer, assign, anticipate, hypothecate, mortgage, modify commute, modify, or otherwise encumber in advance any of the benefits payable hereunder. Nor , nor shall any of said benefits be subject to seizure for the payment of any debts, judgementsjudgments, alimony or separate maintenance owed owned by the Executive or the Executive's beneficiary Beneficiary, or any of them, or be transferrable transferable by operation of law in the event of bankruptcy, insolvency insolvency, or otherwise.

Nonassignable. Neither the Executive nor the Executive's spouse , her spouse, nor any other beneficiary under this Agreement shall have any power or right to transfer, assign, anticipate, hypothecate, mortgage, modify commute, modify, or otherwise encumber in advance any of the benefits payable hereunder. Nor , nor shall any of said benefits be subject to seizure for the payment of any debts, judgementsjudgments, alimony or separate maintenance maintenance, owed by the Executive or the Executive's her beneficiary or any of them, or be transferrable transferable by operation of law in the event of a bankruptcy, insolvency or otherwise.

Nonassignable. Neither the Executive nor the Executive's spouse , his spouse, nor any other beneficiary under this Agreement shall have any power or right to transfer, assign, anticipate, hypothecate, mortgage, modify commute, modify, or otherwise encumber in advance any of the benefits payable hereunder. Nor , nor shall any of said benefits be subject to seizure for the payment of any debts, judgementsjudgments, alimony or separate maintenance maintenance, owed by the Executive or the Executive's his beneficiary or any of them, or be transferrable transferable by operation of law in the event of bankruptcy, insolvency or otherwise. ARTICLE 8.