Assignment And Alienation Of Benefits. The right of each Participant to any amount, benefit or payment hereunder will not, to the extent permitted by law, be subject in any manner to attachment or other legal process for the debts of that Participant; and no amount, benefit or payment will be subject to anticipation, alienation, sale, transfer, assignment or encumbrance except by will, by the laws of descent and distribution, or by a Participant election to satisfy a property settlement agreement pursuant to a divorce.
Appears in 3 contracts
Sources: Deposit Share Agreement (CMC Materials, Inc.), Deposit Share Agreement (Cabot Microelectronics Corp), Deposit Share Agreement (Cabot Microelectronics Corp)