Common use of Rights Not Transferable Clause in Contracts

Rights Not Transferable. The interest of the Director or his beneficiary under this Agreement is not subject to the claims of creditors and may not be voluntarily or involuntarily sold, transferred, assigned, alienated or encumbered.

Appears in 7 contracts

Sources: Supplemental Payment Agreement (Holly Corp), Supplemental Payment Agreement (Holly Corp), Supplemental Payment Agreement (Holly Corp)