Non-Assignability. (a) Neither this Agreement nor any right or interest hereunder shall be assignable by the Executive or his beneficiaries or legal representatives without the Company’s prior written consent; provided, however, that nothing in this Section 9(a) shall preclude the Executive from designating a beneficiary to receive any benefit payable hereunder upon his death or incapacity. (b) Except as required by law, no right to receive payments under this Agreement shall be subject to anticipation, commutation, alienation, sale, assignment, encumbrance, charge, pledge, or hypothecation or to exclusion, attachment, levy or similar process or to assignment by operation of law, and any attempt, voluntary or involuntary, to effect any such action shall be null, void and of no effect.
Appears in 10 contracts
Sources: Employment Agreement (Triangle Capital CORP), Employment Agreement (Triangle Capital CORP), Employment Agreement (Triangle Capital CORP)
Non-Assignability. (a) Neither this Agreement nor any right or interest hereunder shall be assignable by the Executive Employee or his beneficiaries or legal representatives without the Company’s 's prior written consent; providedPROVIDED, howeverHOWEVER, that nothing in this Section 9(a8(a) shall preclude the Executive Employee from designating a beneficiary to receive any benefit payable hereunder upon his death or incapacity.
(b) Except as required by law, no right to receive payments under this Agreement shall be subject to anticipation, commutation, alienation, sale, assignment, encumbrance, charge, pledge, or hypothecation or to exclusion, attachment, levy or similar process or to assignment by operation of law, and any attempt, voluntary or involuntary, to effect any such action shall be null, void and of no effect.
Appears in 7 contracts
Sources: Employment Agreement (Teletrac Holdings Inc), Employment Agreement (Teletrac Holdings Inc), Employment Agreement (Teletrac Holdings Inc)
Non-Assignability. (a) Neither this Agreement nor any right or interest hereunder shall be assignable by the Executive or Executive, his beneficiaries beneficiaries, or legal representatives without the CompanyISE’s prior written consent; provided, however, that nothing in this Section 9(a) shall preclude the Executive from designating a beneficiary to receive any benefit payable hereunder upon his death or incapacity.
(b) . Except as required by law, no right to receive payments under this Agreement shall be subject to anticipation, commutation, alienation, sale, assignment, encumbrance, charge, pledge, or hypothecation or to exclusion, attachment, levy or similar process or to assignment by operation of law, and any attempt, voluntary or involuntary, to effect any such action shall be null, void and of no effect.
Appears in 6 contracts
Sources: Employment Agreement (International Securities Exchange, Inc.), Employment Agreement (International Securities Exchange, Inc.), Employment Agreement (International Securities Exchange, Inc.)
Non-Assignability. (a) Neither this Agreement nor any right or interest hereunder shall be assignable by the Executive Employee or his beneficiaries or legal representatives without the Company’s 's prior written consent; provided, however, that nothing in this Section 9(a8(a) shall preclude the Executive Employee from designating a beneficiary to receive any benefit payable hereunder upon his death or incapacity.
(b) Except as required by law, no right to receive payments under this Agreement shall be subject to anticipation, commutation, alienation, sale, assignment, encumbrance, charge, pledge, or hypothecation or to exclusion, attachment, levy or similar process or to assignment by operation of law, and any attempt, voluntary or involuntary, to effect any such action shall be null, void and of no effect.
Appears in 5 contracts
Sources: Employment Agreement (Spectrasite Holdings Inc), Employment Agreement (Spectrasite Holdings Inc), Employment Agreement (Spectrasite Holdings Inc)
Non-Assignability. (ai) Neither this Agreement nor any right or interest hereunder shall be assignable by the Executive or Executive, his beneficiaries beneficiaries, or legal representatives without the Company’s 's prior written consent; provided, however, that nothing in this Section 9(a10(b) shall preclude the Executive from designating a beneficiary to receive any benefit payable hereunder upon his death or incapacity.
(bii) Except as required by law, no right to receive payments under this Agreement shall be subject to anticipation, commutation, alienation, sale, assignment, encumbrance, charge, pledge, or hypothecation or to exclusion, attachment, levy or similar process or to assignment by operation of law, and any attempt, voluntary or involuntary, to effect any such action shall be null, void and of no effect.
Appears in 4 contracts
Sources: Employment Agreement (Kgen Power Corp), Employment Agreement (Kgen Power Corp), Employment Agreement (Kgen Power Corp)
Non-Assignability. (a) Neither this Agreement nor any right or interest hereunder shall be assignable by the Executive Employee or his beneficiaries or legal representatives without the Company’s 's prior written consent; provided, however, that nothing in this Section 9(a11(a) shall preclude the Executive Employee from designating a beneficiary to receive any benefit payable hereunder upon his death or incapacity.
(b) Except as required by law, no right to receive payments under this Agreement shall be subject to anticipation, commutation, alienation, sale, assignment, encumbrance, charge, pledge, or hypothecation or to exclusion, attachment, levy or similar process or to assignment by operation of law, and any attempt, voluntary or involuntary, to effect any such action shall be null, void and of no effect.
Appears in 4 contracts
Sources: Employment Agreement (Amerisafe Inc), Employment Agreement (Amerisafe Inc), Employment Agreement (Amerisafe Inc)
Non-Assignability. (a) Neither this Agreement nor any right or interest hereunder shall be assignable by the Executive or his beneficiaries or legal representatives without the Company’s 's prior written consent; provided, however, that nothing in this Section 9(a) shall preclude the Executive from designating a beneficiary to receive any benefit payable hereunder upon his death or incapacity.
(b) Except as required by law, no right to receive payments under this Agreement shall be subject to anticipation, commutation, alienation, sale, assignment, encumbrance, charge, pledge, or hypothecation or to exclusion, attachment, levy or similar process or to assignment by operation of law, and any attempt, voluntary or involuntary, to effect any such action shall be null, void and of no effect.
Appears in 4 contracts
Sources: Employment Agreement (Spectrasite Inc), Employment Agreement (Spectrasite Inc), Employment Agreement (Spectrasite Inc)
Non-Assignability. (a) Neither this Agreement nor any right or interest hereunder shall be assignable by the Executive Employee or his beneficiaries or legal representatives without the Company’s 's prior written consent; provided, however, that nothing in this Section 9(a8(a) shall preclude the Executive Employee from designating a beneficiary to receive any benefit payable hereunder upon his death or incapacity.
(b) Except as required by law, no right to receive payments under this Agreement shall be subject to anticipation, commutation, alienation, sale, assignment, encumbrance, charge, pledge, pledge or hypothecation or to exclusion, attachment, levy or similar process or to assignment by operation of law, and any attempt, voluntary or involuntary, to effect any such action shall be null, void and of no effect.
Appears in 3 contracts
Sources: Employment Agreement (Health Management Systems Inc), Employment Agreement (Health Management Systems Inc), Employment Agreement (Health Management Systems Inc)
Non-Assignability. (a) Neither this Agreement nor any right or interest hereunder shall be assignable by the Executive Employee or his beneficiaries or legal representatives without the Company’s prior written consent; provided, however, that nothing in this Section 9(a11(a) shall preclude the Executive Employee from designating a beneficiary to receive any benefit payable hereunder upon his death or incapacity.
(b) Except as required by law, no right to receive payments under this Agreement shall be subject to anticipation, commutation, alienation, sale, assignment, encumbrance, charge, pledge, or hypothecation or to exclusion, attachment, levy or similar process or to assignment by operation of law, and any attempt, voluntary or involuntary, to effect any such action shall be null, void and of no effect.
Appears in 3 contracts
Sources: Employment Agreement (ReWalk Robotics Ltd.), Employment Agreement (Amerisafe Inc), Employment Agreement (Amerisafe Inc)
Non-Assignability. (a) Neither this Agreement nor any right or interest hereunder shall be assignable by the Executive or Executive, his beneficiaries beneficiaries, or legal representatives without the Company’s 's prior written consent; providedPROVIDED, howeverHOWEVER, that nothing in this Section 9(aSECTION 6(A) shall preclude the Executive from designating a beneficiary to receive any benefit payable hereunder upon his death or incapacity.
(b) Except as required by law, no right to receive payments under this Agreement shall be subject to anticipation, commutation, alienation, sale, assignment, encumbrance, charge, pledge, or hypothecation or to exclusion, attachment, levy or similar process or to assignment by operation of law, and any attempt, voluntary or involuntary, to effect any such action shall be null, void and of no effect.
Appears in 3 contracts
Sources: Employment Agreement (Railamerica Inc /De), Employment Agreement (Railamerica Inc /De), Employment Agreement (Railamerica Inc /De)
Non-Assignability. (a) Neither this Agreement nor any right or interest hereunder shall be assignable by the Executive or Executive, his beneficiaries beneficiaries, or legal representatives without the Company’s prior written consentconsent of Company; provided, however, that nothing in this Section 9(aparagraph 8(a) shall preclude the Executive from designating a beneficiary to receive any benefit payable hereunder upon his death or incapacity.
(b) Except as required by law, no right to receive payments under this Agreement shall be subject to anticipation, commutation, alienation, sale, assignment, encumbrance, charge, pledge, or hypothecation or to exclusion, attachment, levy or similar process or to assignment by operation of law, and any attempt, voluntary or involuntary, to effect any such action shall be null, void and of no effect.
Appears in 2 contracts
Sources: Employment Agreement (Florida Gaming Corp), Employment Agreement (Florida Gaming Corp)
Non-Assignability. (a) Neither this Agreement nor any right or interest hereunder shall be assignable by the Executive Employee or his beneficiaries or legal representatives without the Company’s 's prior written consent; provided, however, that nothing in this Section 9(a8(a) shall preclude the Executive Employee from designating a beneficiary to receive any benefit payable hereunder upon his death or incapacity.
(b) Except as required by law, no right to receive payments under this Agreement shall be subject to anticipation, commutation, alienation, sale, assignment, encumbrance, charge, pledge, or hypothecation or to exclusion, attachment, levy or similar process or to assignment by operation of law, and any attempt, voluntary or involuntary, to effect any such action shall be null, void and of no effect.
Appears in 2 contracts
Sources: Employment Agreement (Teletrac Inc /De), Employment Agreement (Teletrac Inc /De)
Non-Assignability. (a) Neither this Agreement nor any right or interest hereunder shall be assignable by the Executive Employee or his Employee’s beneficiaries or legal representatives without the Company’s prior written consent; provided, however, that nothing in this Section 9(a11(a) shall preclude the Executive Employee from designating a beneficiary to receive any benefit payable hereunder upon his Employee’s death or incapacity.
(b) Except as required by law, no right to receive payments under this Agreement shall be subject to anticipation, commutation, alienation, sale, assignment, encumbrance, charge, pledge, or hypothecation or to exclusion, attachment, levy or similar process or to assignment by operation of law, and any attempt, voluntary or involuntary, to effect any such action shall be null, void and of no effect.
Appears in 1 contract
Non-Assignability. (a) Neither this Agreement nor any right or interest hereunder shall be assignable by the Executive Employee or his beneficiaries or legal representatives without the Company’s 's prior written consent; provided, however, that nothing in this Section 9(a10(a) shall preclude the Executive Employee from designating a beneficiary to receive any benefit payable hereunder upon his death or incapacity.
(b) Except as required by lawJaw, no right to receive payments under this Agreement shall be subject to anticipation, commutation, alienation, sale, assignment, encumbrance, charge, pledge, or hypothecation or to exclusion, attachment, levy or similar process or to assignment by operation of law, and any attempt, voluntary or involuntary, to effect any such action shall be null, void and of no effect.
Appears in 1 contract
Non-Assignability. (a) Neither this Agreement nor any right or interest hereunder shall be assignable by the Executive or Employee, his beneficiaries beneficiaries, or legal representatives without the Company’s 's prior written consent; consent provided, however, that nothing in this Section 9(a8(a) shall preclude the Executive Employee from designating a beneficiary to receive any benefit payable hereunder upon his death or incapacity.
(b) Except as required by law, no right to receive payments under this Agreement shall be subject to anticipation, commutation, alienation, sale, assignment, encumbrance, charge, pledge, or hypothecation or to exclusion, attachment, levy or similar process or to assignment by operation of law, and any attempt, voluntary or involuntary, to effect any such action shall be null, void and of no effect.
Appears in 1 contract
Sources: Employment Agreement (Housecall Medical Resources Inc)
Non-Assignability. (a) A. Neither this Agreement nor any right or interest hereunder shall be assignable by the Executive or Executive, his beneficiaries beneficiaries, or legal representatives without the Company’s prior written consent; consent of the Company, provided, however, that nothing in this Section 9(a) shall preclude the Executive from designating a beneficiary to receive any benefit payable hereunder upon his death or incapacity.
(b) B. Except as required by law, no right to receive payments under this Agreement shall be subject to anticipation, commutation, alienation, sale, assignment, encumbrance, charge, pledge, or hypothecation or to exclusion, attachment, levy or similar process or to assignment by operation of law, and any attempt, voluntary or involuntary, to effect any such action shall be null, void and of no effect.
Appears in 1 contract
Sources: Employment Agreement (Videolan Technologies Inc /De/)
Non-Assignability. (a) Neither this Agreement nor any right or interest hereunder shall be assignable by the Executive or his beneficiaries or legal representatives without the Company’s 's prior written consent; provided, however, that nothing in this Section 9(a11(a) shall preclude the Executive from designating a beneficiary to receive any benefit payable hereunder upon his death or incapacity.
(b) Except as required by law, no right to receive payments under this Agreement shall be subject to anticipation, commutation, alienation, sale, assignment, encumbrance, charge, pledge, or hypothecation or to exclusion, attachment, levy or similar process or to assignment by operation of law, and any attempt, voluntary or involuntary, to effect any such action shall be null, void and of no effect.
Appears in 1 contract
Sources: Executive Agreement (Amerisafe Inc)
Non-Assignability. (a) Neither this Agreement nor any right or interest hereunder shall be assignable by the Executive Employee or his beneficiaries or legal representatives without the Company’s 's prior written consent; provided, however, that nothing in this Section 9(a10(a) shall preclude the Executive Employee from designating a beneficiary to receive any benefit payable hereunder upon his death or incapacity.
(b) Except as required by law, no right to receive payments under this Agreement shall be subject to anticipation, commutation, alienation, sale, assignment, encumbrance, charge, pledge, or hypothecation or to exclusion, attachment, levy or similar process or to assignment by operation of law, and any attempt, voluntary or involuntary, to effect any such action shall be null, void and of no effect.
Appears in 1 contract
Non-Assignability. (a) Neither this Agreement nor any right or interest hereunder shall be assignable by the Executive Employee or his beneficiaries or legal representatives without the Company’s 's prior written consent; provided, however, that nothing in this Section 9(a11(a) shall preclude the Executive Employee from designating a beneficiary to receive any benefit payable hereunder upon his him death or incapacity.
(b) Except as required by law, no right to receive payments under this Agreement shall be subject to anticipation, commutation, alienation, sale, assignment, encumbrance, charge, pledge, or hypothecation or to exclusion, attachment, levy or similar process or to assignment by operation of law, and any attempt, voluntary or involuntary, to effect any such action shall be null, void and of no effect.
Appears in 1 contract
Non-Assignability. (a) Neither this Agreement nor any right or interest hereunder shall be assignable by the Executive Employee or his beneficiaries or legal representatives without the Company’s prior written consent; provided, however, that nothing in this Section 9(a8(a) shall preclude the Executive Employee from designating a beneficiary to receive any benefit payable hereunder upon his death or incapacity.
(b) Except as required by law, no right to receive payments under this Agreement shall be subject to anticipation, commutation, alienation, sale, assignment, encumbrance, charge, pledge, or hypothecation or to exclusion, attachment, levy or similar process or to assignment by operation of law, and any attempt, voluntary or involuntary, to effect any such action shall be null, void and of no effect.
Appears in 1 contract
Non-Assignability. (a) Neither this Agreement nor any right or interest hereunder shall be assignable by the Executive Employee or his beneficiaries or legal representatives without the Company’s prior written consent; provided, however, that nothing in this Section 9(a10(a) shall preclude the Executive Employee from designating a beneficiary to receive any benefit payable hereunder upon his death or incapacity.
(b) Except as required by law, no right to receive payments under this Agreement shall be subject to anticipation, commutation, alienation, sale, assignment, encumbrance, charge, pledge, or hypothecation or to exclusion, attachment, levy or similar process or to assignment by operation of law, and any attempt, voluntary or involuntary, to effect any such action shall be null, void and of no effect.
Appears in 1 contract
Sources: Employment Agreement (Lifeward Ltd.)
Non-Assignability. (a) Neither this Agreement nor any right or interest hereunder shall be assignable by the Executive Employee or his beneficiaries or legal representatives without the Company’s prior written consent; provided, however, that nothing in this Section 9(a8(a) shall preclude the Executive Employee from designating a beneficiary to receive any benefit payable hereunder upon his death or incapacity.
(b) Except as required by law, no right to receive payments under this Agreement shall be subject to anticipation, commutation, alienation, sale, assignment, encumbrance, charge, pledge, pledge or hypothecation or to exclusion, attachment, levy or similar process or to assignment by operation of law, and any attempt, voluntary or involuntary, to effect any such action shall be null, void and of no effect.
Appears in 1 contract
Non-Assignability. (a) Neither this Agreement nor any right or interest hereunder shall be assignable by the Executive or his beneficiaries or legal representatives without the Company’s prior written consent; provided, however, that nothing in this Section 9(a8(a) shall preclude the Executive from designating a beneficiary to receive any benefit payable hereunder upon his death or incapacity.
(b) Except as required by law, no right to receive payments under this Agreement shall be subject to anticipation, commutation, alienation, sale, assignment, encumbrance, charge, pledge, or hypothecation or to exclusion, attachment, levy or similar process or to assignment by operation of law, and any attempt, voluntary or involuntary, to effect any such action shall be null, void and of no effect.
Appears in 1 contract
Non-Assignability. (a) Neither this Agreement nor any right or interest hereunder shall be assignable by the Executive Consultant or his beneficiaries or legal representatives without the Company’s prior written consent; provided, however, that nothing in this Section 9(a14(a) shall preclude the Executive Consultant from designating a beneficiary to receive any benefit payable hereunder upon his death or incapacity.
(b) Except as required by law, no right to receive payments under this Agreement shall be subject to anticipation, commutation, alienation, sale, assignment, encumbrance, charge, pledge, or hypothecation or to exclusion, attachment, levy or similar process or to assignment by operation of law, and any attempt, voluntary or involuntary, to effect any such action shall be null, void and of no effect.
(c) Company shall have the right to assign this agreement to any affiliate entity or acquiring entity.
Appears in 1 contract
Sources: Consulting Agreement (Amerisafe Inc)
Non-Assignability. (ai) Neither this Agreement nor any right or interest hereunder shall be assignable by the Executive or Executive, his beneficiaries beneficiaries, or legal representatives without the Company’s 's prior written consent; provided, however, that nothing in this Section 9(al0(b) shall preclude the Executive from designating a beneficiary to receive any benefit payable hereunder upon his death or incapacity.
(bii) Except as required by law, no right to receive payments under this Agreement shall be subject to anticipation, commutation, alienation, sale, assignment, encumbrance, charge, pledge, or hypothecation or to exclusion, attachment, levy or similar process or to assignment by operation of law, and any attempt, voluntary or involuntary, to effect any such action shall be null, void and of no effect.
Appears in 1 contract
Non-Assignability. (a) Neither this Agreement nor any right or interest hereunder shall be assignable by the Executive Employee or his beneficiaries or legal representatives without the Company’s prior written consent; provided, however, that nothing in this Section 9(a) 2 shall preclude the Executive Employee from designating a beneficiary to receive any benefit payable hereunder upon his death or incapacity.
(b) Except as required by law, no right to receive payments under this Agreement shall be subject to anticipation, commutation, alienation, sale, assignment, encumbrance, charge, pledge, pledge or hypothecation or to exclusion, attachment, levy or similar process or to assignment by operation of law, and any attempt, voluntary or involuntary, to effect any such action shall be null, void and of no effect.
Appears in 1 contract
Non-Assignability. (a) Neither this Agreement nor any right or interest hereunder shall be assignable by the Executive or Employee, his beneficiaries beneficiaries, or legal representatives without the Company’s 's prior written consent; , provided, however, that nothing in this Section 9(a) shall preclude the Executive Employee from designating a beneficiary to receive any benefit payable hereunder upon his death or incapacity.
(b) Except as required by law, no right to receive payments under this Agreement shall be subject to anticipation, commutation, alienation, sale, assignment, encumbrance, charge, pledge, or hypothecation or to exclusion, attachment, levy or similar process or to assignment by operation of law, and any attempt, voluntary or involuntary, to effect any such action shall be null, void and of no effect.
Appears in 1 contract
Non-Assignability. (a) Neither this Agreement nor any right or interest hereunder shall be assignable by the Executive or Employee, his beneficiaries beneficiaries, or legal representatives without the Company’s prior written consent; consent of THSI, provided, however, that nothing in this Section 9(a) shall preclude the Executive from Employee from, designating a beneficiary to receive any benefit payable hereunder upon his death or incapacity.
(b) Except as required by law, no right to receive payments under this Agreement shall be subject to anticipation, commutation, alienation, sale, assignment, encumbrance, charge, pledge, or hypothecation or to exclusion, attachment, levy or similar process or to assignment by operation of law, and any attempt, voluntary or involuntary, to effect any such action shall be null, void and of no effect.
Appears in 1 contract
Non-Assignability. (a) Neither this Agreement nor any right or interest hereunder shall be assignable by the Executive Employee or his beneficiaries or legal representatives without the Company’s 's prior written consent; provided, however, that nothing in this Section 9(a4 (a) shall preclude the Executive Employee from designating a beneficiary to receive any benefit payable hereunder upon his death or incapacity.
(b) Except as required by law, no right to receive payments under this Agreement shall be subject to anticipation, commutation, alienation, sale, assignment, encumbrance, charge, pledge, pledge or hypothecation or to exclusion, attachment, levy or similar process or to assignment by operation of law, and any attempt, voluntary or involuntary, to effect any such action shall be null, void and of no effect.
Appears in 1 contract
Non-Assignability. (a) Neither this Agreement nor any right or interest hereunder shall be assignable by the Executive Employee or his her beneficiaries or legal representatives without the Company’s 's prior written consent; provided, however, that nothing in this Section 9(a10(a) shall preclude the Executive Employee from designating a beneficiary to receive any benefit payable hereunder upon his her death or incapacity.
(b) Except as required by lawJaw, no right to receive payments under this Agreement shall be subject to anticipation, commutation, alienation, sale, assignment, encumbrance, charge, pledge, or hypothecation or to exclusion, attachment, levy or similar process or to assignment by operation of law, and any attempt, voluntary or involuntary, to effect any such action shall be null, void and of no effect.
Appears in 1 contract
Non-Assignability. (a) Neither this Agreement nor any right or interest hereunder shall be assignable by the Executive or his her beneficiaries or legal representatives without the Company’s prior written consent; provided, however, that nothing in this Section 9(a8(a) shall preclude the Executive from designating a beneficiary to receive any benefit payable hereunder upon his her death or incapacity.
(b) Except as required by law, no right to receive payments under this Agreement shall be subject to anticipation, commutation, alienation, sale, assignment, encumbrance, charge, pledge, or hypothecation or to exclusion, attachment, levy or similar process or to assignment by operation of law, and any attempt, voluntary or involuntary, to effect any such action shall be null, void and of no effect.
Appears in 1 contract
Non-Assignability. (a) Neither this Agreement nor any right or interest hereunder shall be assignable by the Executive or his beneficiaries or legal representatives without the Company’s 's prior written consent; , provided, however, that nothing in this Section 9(a8(a) shall preclude the Executive from designating a beneficiary to receive any benefit payable hereunder upon his death or incapacity.
(b) Except as required by law, no right to receive payments under this Agreement shall be subject to anticipation, commutation, alienation, sale, assignment, encumbrance, charge, pledge, or hypothecation or to exclusion, attachment, levy or similar process or to assignment by operation of law, and any attempt, voluntary or involuntary, to effect any such action shall be null, void and of no effect.
Appears in 1 contract
Sources: Executive Employment Agreement (New American Healthcare Corp)
Non-Assignability. (a) Neither this Agreement nor any right or interest hereunder shall be assignable by the Executive or his beneficiaries or legal representatives without the Company’s prior written consent; provided, however, that nothing in this Section 9(a) shall preclude the Executive from designating a beneficiary to receive any benefit payable hereunder upon his death or incapacity.
(b) Except as required by law, no right to receive payments under this Agreement shall be subject to anticipation, commutation, alienation, sale, assignment, encumbrance, charge, pledge, pledge or hypothecation or to exclusion, attachment, levy or similar process or to assignment by operation of law, and any attempt, voluntary or involuntary, to effect any such action shall be null, void and of no effect.
Appears in 1 contract
Non-Assignability. (a) Neither this Agreement nor any right or interest hereunder shall be assignable by the Executive or Executive, his beneficiaries beneficiaries, or legal representatives without the Company’s prior written consent; consent of the Company, provided, however, that nothing in this Section 9(a) shall preclude the Executive from designating a beneficiary to receive any benefit payable hereunder upon his death or incapacity.
(b) Except as required by law, no right to receive payments under this Agreement shall be subject to anticipation, commutation, alienation, sale, assignment, encumbrance, charge, pledge, or hypothecation or to exclusion, attachment, levy or similar process or to assignment by operation of law, and any attempt, voluntary or involuntary, to effect any such action shall be null, void and of no effect.
Appears in 1 contract
Sources: Employment Agreement (Videolan Technologies Inc /De/)
Non-Assignability. (a) Neither this Agreement nor any right or interest hereunder shall be assignable by the Executive Employee or his beneficiaries or legal representatives without the Company’s prior written consent; provided, however, that nothing in this Section 9(a8 (a) shall preclude the Executive Employee from designating a beneficiary to receive any benefit payable hereunder upon his death or incapacity.
(b) Except as required by law, no right to receive payments under this Agreement shall be subject to anticipation, commutation, alienation, sale, assignment, encumbrance, charge, pledge, pledge or hypothecation or to exclusion, attachment, levy or similar process or to assignment by operation of law, and any attempt, voluntary or involuntary, to effect any such action shall be null, void and of no effect.
Appears in 1 contract