Common use of Non-Assignable Rights Clause in Contracts

Non-Assignable Rights. Except as may be expressly permitted under any other provision of this Agreement, neither the Employee nor his Surviving Spouse shall have any right to commute, sell, anticipate, assign, transfer, or otherwise convey the right to receive any payments hereunder, which payments and the rights thereto hereby are expressly declared to be non-assignable and non-transferable.

Appears in 1 contract

Sources: Non Qualified Retirement and Death Benefit Agreement (Thistle Group Holdings Co)

Non-Assignable Rights. Except as may be expressly permitted under any other provision of otherwise provided by this Agreement, neither the Employee nor his Surviving Spouse spouse, nor any other beneficiary, shall have any right to commute, sell, anticipate, assign, transfer, transfer or otherwise convey the right to receive any payments payment hereunder, which payments and the rights right thereto hereby are expressly declared to be non-assignable and non-transferable.

Appears in 1 contract

Sources: Supplemental Retirement Agreement (LSB Corp)

Non-Assignable Rights. Except as may be expressly permitted under any other provision of otherwise provided by this Agreement, it is agreed that neither the Employee nor his Surviving Spouse spouse, nor other beneficiary, shall have any right to commute, sell, anticipate, assign, transfer, transfer or otherwise convey the right to receive any payments hereunder, which payments and the rights right thereto hereby are expressly declared to be non-assignable and non-transferable.

Appears in 1 contract

Sources: Deferred Compensation Benefits Agreement (Swva Bancshares Inc)

Non-Assignable Rights. Except as may be expressly permitted under any other provision of otherwise provided by this Agreement, it is agreed that neither the Employee Executive nor his Surviving Spouse spouse, nor any other beneficiary, shall have any right to commute, sell, anticipate, assign, transfer, transfer or otherwise convey the right to receive any payments hereunder, which payments and the rights right thereto hereby are expressly declared to be non-assignable and non-transferable.

Appears in 1 contract

Sources: Supplemental Executive Retirement Plan (Gaston Federal Bancorp Inc)

Non-Assignable Rights. Except as may be expressly permitted under any other provision of otherwise provided by this Agreement, it is agreed that neither the Employee nor his Surviving Spouse her spouse, nor other beneficiary, shall have any right to commute, sell, anticipate, assign, transfer, transfer or otherwise convey the right to receive any payments hereunder, which payments and the rights right thereto hereby are expressly declared to be non-assignable and non-transferable.

Appears in 1 contract

Sources: Deferred Compensation Benefits Agreement (Swva Bancshares Inc)

Non-Assignable Rights. Except as may be expressly permitted under any other provision of otherwise provided by this Agreement, it is agreed that neither the Employee Director nor his Surviving Spouse spouse, nor other beneficiary, shall have any right to commute, sell, anticipate, assign, transfer, transfer or otherwise convey the right to receive any payments hereunder, hereunder which payments and the rights right thereto hereby are expressly declared to be non-assignable and non-transferable.

Appears in 1 contract

Sources: Deferred Compensation Agreement (City Holding Co)