No right to receive payment under this Plan shall be transferable or assignable by a participant except by will or laws of descent and distribution.

Each Participant’s rights under this Plan shall be transferable or assignable by a participantnontransferable except by will or by the laws of descent and distribution.

No right to receive payment under this Planpayments hereunder shall be transferable or assignable by a participantparticipant, except by will or under the laws of descent and distribution.distribution, or subject to anticipation, alienation, sale, pledge, encumbrance, attachment, or garnishment by creditors of the participant or the participant's beneficiary.

Non-Assignability. Each Participant’s rights under this Plan shall be non-transferable or assignable by a participant except by will or by the laws of descent and distribution.

Rights under thisthe Plan shall beare not transferable or assignable by a participant exceptParticipant other than by will or the laws of descent and distribution.distribution and, during the Participant’s lifetime, may be exercised only by the Participant.

RIGHTS NOT TRANSFERABLE: The rights of a Participant under thisthe Plan shall beare not transferable or assignable by a participant except by will orParticipant other than pursuant to the laws of descent and distribution.

Awards granted under thisthe Plan shall not be assignable or transferable or assignable by a participant exceptother than by will or by the laws of descent and distribution.

No Assignment. No right to receive paymentor interest of a Participant under this Plan shallmay be transferablesold, assigned, transferred, pledged, or assignableotherwise encumbered, either voluntarily or by a participantoperation of law, except by will or the laws of descent and distribution. No right or interest of a Participant under this Plan will be subject to the claims of any creditor or to any liens.