Each Participant’s rights under this Plan shall be non-transferable except by will or by the laws of descent and distribution and except insofar as applicable law may otherwise require. Subject to the foregoing, no right, benefit or interest hereunder, shall be subject to anticipation, alienation, sale, assignment, encumbrance, charge, pledge, hypothecation, or set-off in respect of any claim, debt or obligation, or to execution, attachment, levy or similar process, or assignment by operation of law, and any attempt, voluntary or involuntary, to effect any such action shall, to the full extent permitted by law, be null, void and of no effect.

Each Participant’s rights under this Plan shall be non-transferablenontransferable except by will or by the laws of descent and distribution and except insofar as applicable law may otherwise require. Subject to the foregoing, no right, benefit or interest hereunder, shall be subject to anticipation, alienation, sale, assignment, encumbrance, charge, pledge, hypothecation, or set-off in respect of any claim, debt or obligation, or to execution, attachment, levy or similar process, or assignment by operation of law, and any attempt, voluntary or involuntary, to effect any such action shall, to the full extent permitted by law, be null, void and of no effect.distribution.

Each Participant’s rightsNo Assignment. No right or interest of a Participant under this Plan shallmay be non-transferablesold, assigned, transferred, pledged, or otherwise encumbered, either voluntarily or by operation of law, except by will or by the laws of descent and distribution and except insofar as applicable law may otherwise require. Subject to the foregoing, no right, benefitdistribution. No right or interest hereunder, shallof a Participant under this Plan will be subject to anticipation, alienation, sale, assignment, encumbrance, charge, pledge, hypothecation, or set-off in respectthe claims of any claim, debt or obligation,creditor or to execution, attachment, levy or similar process, or assignment by operation of law, and any attempt, voluntary or involuntary, to effect any such action shall, to the full extent permitted by law, be null, void and of no effect.liens.

Each Participant’s rightsExcept as required by law, no right of the Participant or designated Beneficiary to receive payments under this Plan shall be non-transferable except by will or by the laws of descent and distribution and except insofar as applicable law may otherwise require. Subject to the foregoing, no right, benefit or interest hereunder, shall be subject to anticipation, commutation, alienation, sale, assignment, encumbrance, charge, pledge, hypothecation, or set-off in respect of any claim, debt or obligation,hypothecation or to execution, attachment, levy or similar process,process or assignment by operation of law,law and any attempt, voluntary or involuntary, to effect any such action shall, to the full extent permitted by law,shall be null,null and void and of no effect. An Employer may not assign its obligations hereunder.

Non-Assignability. Each Participant’s rights under this Plan shall be non-transferable except by will or by the laws of descent and distribution and except insofar as applicable law may otherwise require. Subject to the foregoing, no right, benefit or interest hereunder, shall be subject to anticipation, alienation, sale, assignment, encumbrance, charge, pledge, hypothecation, or set-off in respect of any claim, debt or obligation, or to execution, attachment, levy or similar process, or assignment by operation of law, and any attempt, voluntary or involuntary, to effect any such action shall, to the full extent permitted by law, be null, void and of no effect.distribution.

SECTION # Nonassignability. Each Participant’s rights under thisthe Plan shall be non-transferablenontransferable except by will or by the laws of descent and distribution and except insofar as applicable law may otherwise require. Subject to the foregoing, no right, benefitneither a Participant nor any other person shall have any right to commute, sell, assign, transfer, pledge, anticipate, mortgage or interestotherwise encumber, transfer, hypothecate or convey in advance of actual receipt the amounts, if any, payable hereunder, shallor any part thereof, which are, and all rights to which are, expressly declared to be nonassignable and non-transferable. No part of the amounts payable shall, prior to actual payment, be subject to anticipation, alienation, sale, assignment, encumbrance, charge, pledge, hypothecation,seizure or set-off in respectsequestration for the payment of any claim, debtdebts, judgments, alimony or obligation,separate maintenance owed by a Participant or to execution, attachment, levy or similar process, or assignmentany other person, nor be transferable by operation of law, andlaw in the event of a Participant’s or any attempt, voluntaryother person’s bankruptcy or involuntary, to effect any such action shall, to the full extent permitted by law, be null, void and of no effect.insolvency.

Each Participant’sNonassignability. No rights of any Participant under this Plan shallmay be non-transferable exceptsold, exchanged, transferred, assigned, pledged, hypothecated or otherwise disposed of (including through the use of any cash-settled instrument), either voluntarily or involuntarily by operation of law, other than by will or by the laws of descent and distribution and except insofar as applicable law may otherwise require. Subject todistribution. Any sale, exchange, transfer, assignment, pledge, hypothecation or other disposition in violation of the foregoing, no right, benefit or interest hereunder,provisions of this [Section 6(b)] shall be subject to anticipation, alienation, sale, assignment, encumbrance, charge, pledge, hypothecation, or set-off in respect of any claim, debt or obligation, or to execution, attachment, levy or similar process, or assignment by operation of law, and any attempt, voluntary or involuntary, to effect any such action shall, to the full extent permitted by law, be null, void and of no effect.shall not be recognized or given effect by the Company.

Each Participant’s rights under thisNon-Alienation. Except as otherwise provided herein, no right or interest of any Participant or Beneficiary in the Plan shall be non-transferable except by will or by the laws of descent and distribution and except insofar as applicable law may otherwise require. Subject to the foregoing, no right, benefit or interest hereunder, shall be subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, charge, pledge, hypothecation,attachment, garnishment, execution, levy, bankruptcy, or set-off in respectany other disposition of any claim, debt or obligation, or to execution, attachment, levy or similar process, or assignment by operation of law, and any attempt,kind, either voluntary or involuntary, prior to effectactual receipt of payment by the person entitled to such right or interest under the provisions hereof, and any such action shall, to the full extent permitted by law,disposition or attempted disposition shall be null, void and of no effect.void.

Each Participant’s rights under this Plan shall be non-transferable except by will or by the laws of descent and distribution and except insofar as applicable law may otherwise require. Subject to the foregoing, no right, benefitNo right or interest hereunder,under the Plan of any Participant or Beneficiary shall be subject at any time or in any manner to anticipation, alienation, sale, assignment, encumbrance, charge, pledge, hypothecation,assignment (either at law or set-in equity), encumbrance (as security or otherwise), garnishment, levy, execution, or other legal or equitable process, and no Participant or Beneficiary shall have the power at any time or in any manner to anticipate, transfer, assign (either at law or in equity), alienate, or subject to attachment, garnishment, levy, execution or other legal or equitable process, or in any way encumber, such Participant's or Beneficiary's rights or interests under the Plan, and any attempt to do so shall be void; provided, however, that the Company shall have the unrestricted right to set off in respectagainst or recover out of any claim, debtpayments due a Participant or obligation,Beneficiary at the time such payments would have otherwise been payable hereunder, any amounts owed the Company or to execution, attachment, levyany Affiliated Company by such Participant or similar process, or assignment by operation of law, and any attempt, voluntary or involuntary, to effect any such action shall, to the full extent permitted by law, be null, void and of no effect.Beneficiary.

EachNontransferability. A person’s rights and interests under the Plan may not be assigned, pledged or transferred except, in the event of a Participant’s rights under thisdeath, to his designated beneficiary as provided in the Plan shall be non-transferable exceptor, in the absence of such designation, by will or by the laws of descent and distribution and except insofar as applicable law may otherwise require. Subject to the foregoing, no right, benefit or interest hereunder, shall be subject to anticipation, alienation, sale, assignment, encumbrance, charge, pledge, hypothecation, or set-off in respect of any claim, debt or obligation, or to execution, attachment, levy or similar process, or assignment by operation of law, and any attempt, voluntary or involuntary, to effect any such action shall, to the full extent permitted by law, be null, void and of no effect.distribution.