Common use of Executive Assignment Clause in Contracts

Executive Assignment. No interest of Executive or his or her spouse or any other beneficiary under this Agreement, or any right to receive any payment or distribution hereunder, shall be subject in any manner to sale, transfer, assignment, pledge, attachment, garnishment, or other alienation or encumbrance of any kind, nor may such interest or right to receive a payment or distribution be taken, voluntarily or involuntarily, for the satisfaction of the obligations or debts of, or other claims against, Executive or his or her spouse or other beneficiary, including claims for alimony, support, separate maintenance, and claims in bankruptcy proceedings.

Executive Assignment. No interest of the Executive or his or her spouse or any other beneficiary under this Agreement, or any right to receive any payment payments or distribution distributions hereunder, shall be subject in any manner to sale, transfer, assignment, pledge, attachment, garnishment, or other alienation or encumbrance of any kind, nor may such interest or right to receive a payment or distribution be taken, voluntarily or involuntarily, for the satisfaction of the obligations or debts of, or other claims against, the Executive or his or her spouse or other beneficiary, including claims for alimony, support, separate maintenance, and claims in bankruptcy proceedings.