No Assignment. No right or interest of a Participant under this Plan may be sold, assigned, transferred, pledged, or otherwise encumbered, either voluntarily or by operation 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.
No Assignment. No right or interest of a ParticipantEach Participant’s rights under this Plan mayshall be sold, assigned, transferred, pledged, or otherwise encumbered, either voluntarily or by operation of law,non-transferable except by will or by the laws of descent and distribution. No rightdistribution and except insofar as applicable law may otherwise require. Subject to the foregoing, no right, benefit or interest of a Participant under this Plan willhereunder, shall be subject to the claimsanticipation, alienation, sale, assignment, encumbrance, charge, pledge, hypothecation, or set-off in respect of any creditorclaim, debt or obligation, or to execution, attachment, levy or similar process, or assignment by operation of law, and any liens.attempt, voluntary or involuntary, to effect any such action shall, to the full extent permitted by law, be null, void and of no effect.
Nonassignability. No Assignment. No right or interestrights of aany Participant under this Plan may be sold, exchanged, transferred, assigned, transferred, pledged, hypothecated or otherwise encumbered,disposed of (including through the use of any cash-settled instrument), either voluntarily or involuntarily by operation of law, exceptother than by will or by the laws of descent and distribution. No rightAny sale, exchange, transfer, assignment, pledge, hypothecation or interestother disposition in violation of a Participant underthe provisions of this Plan will[Section 6(b)] shall be subject tovoid and shall not be recognized or given effect by the claims of any creditor or to any liens.Company.
No Assignment. No rightNontransferability. A person’s rights and interests under the Plan may not be assigned, pledged or interesttransferred except, in the event of a Participant under thisParticipant’s death, to his designated beneficiary as provided in the Plan may be sold, assigned, transferred, pledged, or otherwise encumbered, either voluntarily or by operationor, in the absence of law, exceptsuch designation, 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.
NON-TRANSFERABILITY – No Assignment. NoParticipant will have the right to alienate, assign, transfer, pledge or encumber his/her interest of a Participant underin this Plan mayin favor of any party other than the Company or a subsidiary of Company, and such interest will not (to the extent permitted by law) be sold, assigned, transferred, pledged, or otherwise encumbered, either voluntarily or by operation 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 in any way to the claims of any creditorthe Participant’s creditors or to any liens.attachment, execution or other process of law other than in favor of the Company or a subsidiary of Company.
No Assignment. No rightSECTION # NONASSIGNABILITY: Unless otherwise determined by the Committee, no Participant or interest ofbeneficiary may sell, assign, transfer, discount, or pledge as collateral for a Participant under this Plan may be sold, assigned, transferred, pledged,loan, or otherwise encumbered, either voluntarily or by operation of law, exceptanticipate any right to payment under the Plan other than by will or by the applicable laws of descent and distribution. Nodistribution, and in no event shall any Award granted under the Plan or such right or interest of a Participant under this Plan willto payment be subject to the claims of any creditor or to any liens.transferred for value.
No Assignment.Benefits Non‑Assignable. No right or interest of a Participant underparticipant in this Plan mayshall be sold, assigned, transferred, pledged,assignable or otherwise encumbered,transferable, in whole or in part, either voluntarilydirectly or by operation of law, exceptlaw or otherwise, including but not by willway of limitation, execution, levy, garnishment, attachment, pledge, bankruptcy, assignments for the benefit of creditors, receiverships, or the lawsin any other manner, excluding transfer by operation of descent and distribution. No right or interestlaw as a result solely of a Participant under this Plan will be subject to the claims of any creditor or to any liens.mental incompetency.
No Assignment. No right or interest of a ParticipantNon-Assignability. Each Participant’s rights under this Plan mayshall be sold, assigned, transferred, pledged, or otherwise encumbered, either voluntarily or by operation of law,non-transferable except by will or by 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.
Transferability. No Assignment. No right or interest of any person in, or right to receive a Participant under thisdistribution under, the Plan shall be subject in any manner to sale, transfer, assignment, pledge, attachment, garnishment, or other alienation or encumbrance of any kind; nor may such interest or right to receive a distribution be sold, assigned, transferred, pledged, or otherwise encumbered,taken, either voluntarily or by operationinvoluntarily for the satisfaction of law, except by willthe debts of, or the laws of descent and distribution. No rightother obligations or interest of a Participant under this Plan will be subject to the claims of any creditor or to any liens.against, such person.
Transferability. No Assignment. No right or interest of any person in, or right to receive a Participant under thisdistribution under, the Plan shall be subject in any manner to sale, transfer, assignment, pledge, attachment, garnishment, or other alienation or encumbrance of any kind; nor may such interest or right to receive a distribution be sold, assigned, transferred, pledged, or otherwise encumbered,taken, either voluntarily or by operationinvoluntarily for the satisfaction of law, except by willthe debts of, or the laws of descent and distribution. No rightother obligations or interest of a Participant under this Plan will be subject to the claims of any creditor or to any liens.against, such person.
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