Common use of Severability and Alienation Clause in Contracts

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 and the Trust Agreement shall reconstituted and enforceable as if such illegal provision were never included. (b) Subject to the provisions of Section 3 and Section 6.3 of the Plan (which is hereby incorporated by reference), benefits under this 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.

Appears in 1 contract

Sources: Trust Agreement (Ual Corp /De/)

Severability and Alienation. (a) Any provision provisions of this Trust Agreement prohibited by law shall be ineffective to the extent of any such prohibition without invalidating the remaining provisions hereof and the Trust Agreement shall reconstituted and enforceable as if such illegal provision were never includedhereof. (b) Subject to To the provisions of Section 3 and Section 6.3 of the Plan (which is hereby incorporated extent permitted by reference)law, benefits payable to participants or their beneficiaries under this Trust Agreement may not be anticipated, assigned (either at law or in equity), alienated or subject subjected to attachment, garnishment, levy, execution or other legal or equitable process.

Appears in 1 contract

Sources: Nonqualified Deferred Compensation Trust Agreement (Bank Jos a Clothiers Inc /De/)