HMPR » Topics » Nonassignabilitv of Payments

These excerpts taken from the HMPR 8-K filed Jan 7, 2009.
Nonassignabilitv of Payments.    Neither Officer nor his estate shall have any right to commute, sell, assign, transfer or otherwise convey the right to receive any payments hereunder, which payments and the right thereto are expressly declared to be nonassignable and nontransferable.

 

(e)           

Nonassignabilitv of Payments.    Neither Officer nor his estate shall have any right to commute, sell, assign, transfer or otherwise convey the right to receive any payments hereunder, which payments and the right thereto are expressly declared to be nonassignable and nontransferable.

 

                                (e)              
Nonassignabilitv of Payments.    Neither Officer nor his estate shall have any right to commute, sell, assign, transfer or otherwise convey the right to receive any payments hereunder, which payments and the right thereto are expressly declared to be nonassignable and nontransferable.

 

(e)           

Nonassignabilitv of Payments.    Neither Officer nor his estate shall have any right to commute, sell, assign, transfer or otherwise convey the right to receive any payments hereunder, which payments and the right thereto are expressly declared to be nonassignable and nontransferable.

 

                                (e)            Binding Effect.    This Agreement shall be binding upon and inure to the benefit of Officer (and his personal representative), Employer and any successor organizationor organizations which shall succeed to substantially all of the business and property of Employer,whether by means of merger, consolidation, acquisition of all or substantially all of the assets ofEmployer or otherwise, including by operation of law.

 

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                (f)            Governing Law.    This Agreement shall be goverened by and construed in accordance with the laws of the Commonwealth of Virginia, whether statutory or decisional, applicable to agreements made and entirely to be performed within such state and such provisionsof federal law as may be applicable. Venue for any dispute arising hereunder shall lie exclusively in the state or federal courts located in or having jurisdiction over the City of Norfolk, Virginia, or where Employer’s Parent Company is headquartered.

 

 (g)           

This excerpt taken from the HMPR 8-K filed Jun 16, 2008.
Nonassignabilitv of Payments.    Neither the Officer nor his estate shall have any right to commute, sell, assign, transfer or otherwise convey the right to receive any payments hereunder, which payments and the right thereto are expressly declared to be nonassignable and nontransferable.

 

(e)            

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