ASSIGNMENT OR PLEDGE. The Directors Deferred Compensation Account and any payment payable at any time to this Agreement shall not be assignable or subject to pledge or hypothecation nor shall said payments be subject to seizure for the payment of any debts, judgments, alimony, or separate maintenance, or be transferable by operation of law in the event of bankruptcy, insolvency or otherwise except to the extent as provided by law.
Appears in 2 contracts
Sources: Directors Deferred Compensation Agreement (Community Financial Shares Inc), Directors Deferred Compensation Agreement (Community Financial Shares Inc)
ASSIGNMENT OR PLEDGE. The Directors Director’s Deferred Compensation Account and any payment payable at any time to this Agreement shall not be assignable or subject to pledge or hypothecation nor shall said payments be subject to seizure for the payment of any debts, judgments, alimony, alimony or separate maintenance, or be transferable by operation of law in the event of bankruptcy, insolvency or otherwise except to the extent as provided by law.
Appears in 1 contract
Sources: Director Deferred Compensation Agreement (GNB Financial Services Inc)
ASSIGNMENT OR PLEDGE. The Directors Deferred Compensation Account and any payment payable at any time to this Agreement Benefit Plan shall not be assignable or subject to pledge or hypothecation nor shall said payments be subject to seizure for the payment of any debts, judgments, alimony, alimony or separate maintenance, or be transferable by operation of law in the event of bankruptcy, insolvency or otherwise except to the extent as provided by law.
Appears in 1 contract
ASSIGNMENT OR PLEDGE. The Directors Director’s Deferred Compensation Account and any payment payable at any time to this Agreement shall not be assignable or subject to pledge or hypothecation nor shall said payments be subject to seizure for the payment of any debts, judgments, alimony, alimony or separate maintenance, or be transferable by operation of law in the event of bankruptcy, insolvency or otherwise except to the extent as provided by law.. 1 Deferrals plus credited interest
Appears in 1 contract
Sources: Director Deferred Compensation Agreement (LINKBANCORP, Inc.)