Common use of Cross Clause in Contracts

Cross. This Agreement is a personal contract, and the rights and interests that the Agreement accords to Cross may not be sold, transferred, assigned, pledged, encumbered, or hypothecated by him. Cross shall not have any power of anticipation, alienation or assignment of the payments contemplated by this Agreement, all rights and benefits of Cross shall be for the sole personal benefit of Cross, and no other person shall acquire any right, title or interest under this Agreement by reason of any sale, assignment, transfer, claim or judgment or bankruptcy proceedings against Cross. Except as so provided, this Agreement shall inure to the benefit of and be binding upon Cross and his personal representatives, distributees and legatees.

Appears in 1 contract

Sources: Employment Agreement (Nanophase Technologies Corporation)

Cross. This Agreement is a personal contract, and the rights and interests that the this Agreement accords to Cross may not be sold, transferred, assigned, pledged, encumbered, or hypothecated by him. Cross shall not have any power of anticipation, alienation or assignment of the payments contemplated by this Agreement, all rights and benefits of Cross shall be for the sole personal benefit of Cross, and no other person shall acquire any right, title or interest under this Agreement by reason of any sale, assignment, transfer, claim or judgment judgement or bankruptcy proceedings against Cross. Except as so provided, this Agreement shall inure to the benefit of and be binding upon Cross and his personal representatives, distributees and legatees.

Appears in 1 contract

Sources: Employment Agreement (Nanophase Technologies Corporation)

Cross. This Agreement is a personal contract, and the rights and interests that the this Agreement accords to Cross may not be sold, transferred, assigned, pledged, encumbered, or hypothecated by him. Except to the extent contemplated in Section 7(c) above, Cross shall not have any power of anticipation, alienation or assignment of the payments contemplated by this Agreement, all rights and benefits of Cross shall be for the sole personal benefit of Cross, and no other person shall acquire any right, title tide or interest under this Agreement by reason of any sale, assignment, transfer, claim or judgment or bankruptcy proceedings against Cross. Except as so provided, this Agreement shall inure to the benefit of and be binding upon Cross and his personal representatives, distributees and legatees.

Appears in 1 contract

Sources: Employment Agreement (Nanophase Technologies Corporation)