This Agreement shall be binding upon, enforceable by, and inure to the benefit of EXECUTIVE, COMPANY and each Releasee, and EXECUTIVE’s and COMPANY’s personal or legal representatives, executors, administrators, successors, heirs, distributees, devisees and legatees, but neither this Agreement, nor any rights, payments, or obligations arising hereunder may be assigned, pledged, transferred, or hypothecated by EXECUTIVE or COMPANY.