Severability and Alienation. (a) Any provision of this Trust Agreement prohibited by law shall be ineffective to the extent of any such prohibition without invalidating the remaining provisions hereof. (b) To the extent permitted by law, benefits to Trust Beneficiaries under this Agreement may not be anticipated, assigned (either at law or in equity), alienated or subject to attachment, garnishment, levy, execution or other legal or equitable process and no benefit actually paid to Trust Beneficiaries by the Trustee shall be subject to any claim for repayment by the Company or the Trustee.
Appears in 4 contracts
Sources: Trust Agreement (Bank of America Corp /De/), Trust Agreement (Bank of America Corp /De/), Trust Agreement (Bank of America Corp /De/)
Severability and Alienation. (a) 12.1. Any provision of this Trust Agreement trust agreement prohibited by law shall will be ineffective to the extent of any such prohibition without invalidating the remaining provisions hereof.
(b) 12.2. To the extent permitted by law, benefits to Trust Beneficiaries trust beneficiaries under this Agreement trust agreement may not be anticipated, assigned (either at law or in equity), alienated or subject to attachment, garnishment, levy, execution or other legal or equitable process process, and no benefit actually paid to Trust Beneficiaries a trust beneficiary by the Trustee shall will be subject to any claim for repayment by the Company or the Trustee.
Appears in 2 contracts
Sources: Supplemental Retirement Benefits Trust Agreement (Teco Energy Inc), Supplemental Retirement Benefits Trust Agreement (Tampa Electric Co)
Severability and Alienation. (a) 12.1. Any provision of this Trust Agreement trust agreement prohibited by law shall will be ineffective to the extent of any such prohibition without invalidating the remaining provisions hereof.
(b) 12.2. To the extent permitted by law, benefits to Trust Beneficiaries trust beneficiaries under this Agreement trust agreement may not be anticipated, assigned (either at a: law or in equity), alienated or subject to attachment, garnishment, levy, execution or other legal or equitable process process, and no benefit actually paid to Trust Beneficiaries a trust beneficiary by the Trustee shall will be subject to any claim for repayment by the Company or the Trustee.
Appears in 1 contract
Sources: Trust Agreement (Tampa Electric Co)
Severability and Alienation. (a) Any provision of this Trust Agreement prohibited by law shall be ineffective to the extent of any such prohibition without invalidating the remaining provisions hereof.
(b) To the extent permitted by law, benefits Benefits payable to Trust Beneficiaries under this Agreement may not be anticipated, assigned (either at law or in equity), alienated or subject to attachment, garnishment, levy, execution or other legal or equitable process and no benefit actually paid to Trust Beneficiaries by the Trustee shall be subject to any claim for repayment by the Company or the Trustee.
Appears in 1 contract
Severability and Alienation. (a) Any provision of this Trust Agreement prohibited by law shall be ineffective to the extent of any such prohibition without invalidating the remaining provisions hereof.
(b) To the extent permitted by law, benefits Benefits payable to Trust Beneficiaries under this Agreement may not be anticipated, assigned (either at law or in equity), alienated or subject to attachment, garnishment, levy, execution or other legal or equitable process and no benefit actually paid to Trust Beneficiaries by the Trustee shall be subject to any claim for repayment by the Company or the Trustee.
Appears in 1 contract