No Assignment Clause Example from Business Contracts

No Assignment. Executive's right to receive benefits under this Agreement shall not be assignable or transferable whether by pledge, creation of a security interest, or otherwise, other than a transfer by will or by the laws of descent or distribution. In the event of any attempted assignment or transfer contrary to this Section 13, the Company and its Affiliates shall have no liability to pay any amount so attempted to be assigned or transferred. This Agreement shall inure to the benefit of and be enforceable... by Executive's personal and legal representatives, executors, administrators, successors, heirs, distributees, devisees, and legatees. 13 14. Successors. This Agreement shall be binding upon and inure to the benefit of the Company, its successors, and assigns. View More