A participant may not at any time encumber, transfer, pledge or otherwise dispose of or alienate any present or future right or expectancy that the participant may have at any time to receive any payment under the Plan. Any present or future right or expectancy to any such payment is non-assignable and shall not be subject to execution, attachment or similar process. Participants have no legal or equitable rights, claims, or interest in any specific property or assets of the Company. At all times, the Plan shall be unfunded for purpose of the Code.
Participants and their heirs, successors and assigns shall not be subject to execution, attachment or similar process. Participants have no legal or equitable rights, claims,interest or interestclaims in any specific property or assets of the Company. At all times,Company by virtue of participation in the Plan. The Companys obligation under the Plan shall be that of an unfunded for purposeand unsecured promise of the Code.Company to pay money in the future.
Participants and their Beneficiaries, heirs, successors and assigns shall not be subject to execution, attachment or similar process. Participants have no legal or equitable rights, claims,interests or interestclaims in any specific property or assets of the Company. AtCompany or an Employer or in any property or assets held in a Trust maintained with respect to the Plan. For purposes of the payment of benefits under this Plan, any and all times,of an Employer’s assets, shall be, and shall remain, the general, unpledged unrestricted assets of the Employer. Any Employer’s obligation under the Plan shall be merely that of an unfunded for purposeand unsecured promise to pay money in the future. To the extent that any person acquires a right to receive payments from the Company under this Plan, such rights shall be no greater than the right of any unsecured general creditor of the Code.Company.
No right or interest under the Plan of any Participant or Beneficiary shall be subject at any time encumber, transfer, pledge or otherwise dispose ofin any manner to anticipation, alienation, assignment (either at law or alienate any presentin equity), encumbrance (as security or future rightotherwise), garnishment, levy, execution, or expectancy thatother legal or equitable process, and no Participant or Beneficiary shall have the participant may havepower at any time or in any manner to receive any payment under the Plan. Any presentanticipate, transfer, assign (either at law or future rightin equity), alienate, or expectancy to any such payment is non-assignable and shall not be subject to execution, attachmentattachment, garnishment, levy, execution or similar process. Participants have noother legal or equitable rights, claims,process, or interest in any specific propertyway encumber, such Participant's or assets ofBeneficiary's rights or interests under the Company. At all times, the PlanPlan, and any attempt to do so shall be unfunded for purposevoid; provided, however, that the Company shall have the unrestricted right to set off against or recover out of any payments due a Participant or Beneficiary at the Code.time such payments would have otherwise been payable hereunder, any amounts owed the Company or any Affiliated Company by such Participant or Beneficiary.
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