Facility of Payment. If a benefit is payable to a minor, to a person declared incompetent, or to a person incapable of handling the disposition of his or her property, the Company may pay such benefit to the guardian, legal representative or person having the care or custody of such minor, incompetent person or incapable person. The Company may require proof of incompetence, minority or guardianship as it may deem appropriate prior to distribution of the benefit. Such distribution shall completely discharge the Company from all liability with respect to such benefit.
Appears in 228 contracts
Samples: Dollar Agreement, Phantom Stock Agreement (BSB Bancorp, Inc.), Amended and Restated Agreement (MBT Financial Corp)
Facility of Payment. If a benefit is payable to a minor, to a person declared incompetentincapacitated, or to a person incapable of handling the disposition of his or her property, the Company may pay such benefit to the guardian, legal representative or person having the care or custody of such minor, incompetent incapacitated person or incapable person. The Company may require proof of incompetenceincapacity, minority or guardianship as it may deem appropriate prior to distribution of the benefit. Such distribution shall completely discharge the Company from all liability with respect to such benefit.
Appears in 112 contracts
Samples: Continuation Agreement (Codorus Valley Bancorp Inc), Continuation Agreement (Codorus Valley Bancorp Inc), Continuation Agreement (Codorus Valley Bancorp Inc)
Facility of Payment. If a benefit is payable to a minor, to a person declared incompetent, or to a person incapable of handling the disposition of his or her property, the Company Bank may pay such benefit to the guardian, legal representative or person having the care or custody of such minor, incompetent person or incapable person. The Company Bank may require proof of incompetence, minority or guardianship as it may deem appropriate prior to distribution of the benefit. Such distribution shall completely discharge the Company Bank from all liability with respect to such benefit.
Appears in 92 contracts
Samples: Retirement Plan Agreement (Community Heritage Financial, Inc.), Supplemental Executive (Community Heritage Financial, Inc.), Continuation Agreement (Delhi Bank Corp)
Facility of Payment. If a benefit is payable to a minor, to a person declared incompetentincapacitated, or to a person incapable of handling the disposition of his or her property, the Company Employer may pay such benefit to the guardian, legal representative representative, or person having the care or custody of such the minor, incompetent person incapacitated person, or incapable person. The Company Employer may require proof of incompetenceincapacity, minority minority, or guardianship as it may deem appropriate prior to before distribution of the benefit. Such distribution Distribution shall completely discharge the Company Employer from all liability with respect to such for the benefit.
Appears in 36 contracts
Samples: Supplemental Executive Retirement Plan Agreement (Eagle Bancorp Inc), Supplemental Executive Retirement Plan Agreement (Eagle Bancorp Inc), Supplemental Executive Retirement Plan Agreement
Facility of Payment. If a benefit is payable to a minor, to a person declared incompetent, or to a person incapable of handling the disposition of his or her property, the Company may pay such benefit to the guardian, legal representative or person having the care or custody of such minor, incompetent person or incapable person. The Company may require proof of incompetenceincompetency, minority or guardianship as it may deem appropriate prior to distribution of the benefit. Such distribution shall completely discharge the Company from all liability with respect to such benefit.
Appears in 33 contracts
Samples: Director Deferred Fee Agreement (Ohio Valley Banc Corp), Year Agreement (Standard Financial Corp.), Appreciation Rights Agreement (Standard Financial Corp.)
Facility of Payment. If a benefit is payable to a minor, to a person declared incompetent, or to a person incapable of handling the disposition of his or her property, the Company Bank may pay such benefit to the guardian, legal representative representative, or person having the care or custody of such minor, incompetent person person, or incapable person. The Company Bank may require proof of incompetence, minority minority, or guardianship as it may deem appropriate prior to distribution of the benefit. Such distribution shall completely discharge the Company Bank from all liability with respect to such benefit.
Appears in 15 contracts
Samples: Income Deferral Agreement (Bank of Wilmington CORP), Income Deferral Agreement (Bank of Wilmington CORP), Income Deferral Agreement (Bank of Wilmington CORP)
Facility of Payment. If a benefit is payable to a minor, to a person declared incompetent, or to a person incapable of handling the disposition of his or her property, the Company may pay such benefit to the guardian, legal representative or person having the care or custody of such minor, incompetent person or incapable person. The Company may require proof of incompetenceincapacity, minority or guardianship as it may deem appropriate prior to distribution of the benefit. Such distribution shall completely discharge the Company from all liability with respect to such benefit.
Appears in 15 contracts
Samples: Continuation Agreement (Temecula Valley Bancorp Inc), Continuation Agreement (Temecula Valley Bancorp Inc), Continuation Agreement (Temecula Valley Bancorp Inc)
Facility of Payment. If a benefit is payable to a minor, to a person declared incompetent, incompetent or to a person incapable of handling the disposition of his or her property, the Company may pay such benefit to the guardian, legal representative or person having the care or custody of such minor, incompetent incapacitated person or incapable person. The Company may require proof of incompetence, minority or guardianship as it may deem appropriate prior to distribution of the benefit. Such distribution shall completely discharge the Company from all liability with respect to such benefit.
Appears in 11 contracts
Samples: Oak Valley Community Bank (Oak Valley Bancorp), McIntosh State Bank (McIntosh Bancshares Inc /Ga/), Elgin Financial Savings Bank (Efc Bancorp Inc)
Facility of Payment. If a benefit is payable to a minor, to a person declared incompetentincapacitated, or to a person incapable of handling the disposition of his or her property, the Company may pay such benefit to the guardian, legal representative representative, or person having the care or custody of such minor, incompetent person incapacitated person, or incapable person. The Company may require proof of incompetenceincapacity, minority minority, or guardianship as it may deem appropriate prior to distribution of the benefit. Such distribution shall completely discharge the Company from all liability with respect to such benefit.
Appears in 7 contracts
Samples: Salary Continuation Agreement (Consumers Bancorp Inc /Oh/), Consumers National Bank (Consumers Bancorp Inc /Oh/), Continuation Agreement (Consumers Bancorp Inc /Oh/)
Facility of Payment. If a benefit is payable to a minor, to a person declared incompetentincapacitated, or to a person incapable of handling the disposition of his or her property, the Company may pay such benefit to the guardian, legal representative representative, or person having the care or custody of such the minor, incompetent person incapacitated person, or incapable person. The Company may require proof of incompetenceincapacity, minority minority, or guardianship as it may deem appropriate prior to before distribution of the benefit. Such distribution Distribution shall completely discharge the Company from all liability with respect to such for the benefit.
Appears in 7 contracts
Samples: Bancorp Amended Director Retirement Agreement (Cortland Bancorp Inc), Bancorp Amended Director Retirement Agreement (Cortland Bancorp Inc), Bancorp Amended Director Retirement Agreement (Cortland Bancorp Inc)
Facility of Payment. If a benefit is payable to a minor, to a person declared incompetentincapacitated, or to a person incapable of handling the disposition of his or her property, the Company may pay such benefit to the guardian, legal representative representative, or person having the care or custody of such the minor, incompetent person incapacitated person, or incapable person. The Company may require proof of incompetenceincapacity, minority minority, or guardianship as it may deem appropriate prior to before distribution of the benefit. Such Full distribution shall completely discharge the Company from all liability with respect to such for the benefit.
Appears in 6 contracts
Samples: Salary Continuation Agreement (Capital Corp of the West), Salary Continuation Agreement (Capital Corp of the West), Salary Continuation Agreement (Capital Corp of the West)
Facility of Payment. If a benefit is payable to a minor, to a person declared incompetentincapacitated, or to a person incapable of handling the disposition of his or her property, the Company may pay such benefit to the guardian, legal representative representative, or person having the care or custody of such the minor, incompetent person incapacitated person, or incapable person. The Company may require proof of incompetenceincapacity, minority minority, or guardianship as it may deem appropriate prior to before distribution of the benefit. Such distribution Distribution of the total benefit due the Director shall completely discharge the Company from all liability with respect to such for the benefit.
Appears in 5 contracts
Samples: Elective Income Deferral Agreement (Capital Corp of the West), Elective Income Deferral Agreement (Capital Corp of the West), Elective Income Deferral Agreement (Capital Corp of the West)
Facility of Payment. If a benefit is payable to a minor, to a person declared incompetent, incapacitated or to a person incapable of handling the disposition of his or her property, the Company may pay such benefit to the guardian, legal representative or person having the care or custody of such minor, incompetent incapacitated person or incapable person. The Company may require proof of incompetenceincapacity, minority or guardianship as it may deem appropriate prior to distribution of the benefit. Such benefit such distribution shall completely discharge the Company from all liability with respect to such benefit.
Appears in 5 contracts
Samples: Bancorp Director Retirement Agreement (Cortland Bancorp Inc), Bancorp Director Retirement Agreement (Cortland Bancorp Inc), Bancorp Director Retirement Agreement (Cortland Bancorp Inc)
Facility of Payment. If a benefit is payable to a minor, to a person declared incompetent, or to a person incapable of handling the disposition of his or her property, property the Company may pay such benefit to the guardian, legal representative or person having the care or custody of such minor, incompetent person or incapable person. The Company may require proof of incompetence, minority or guardianship as it may deem appropriate prior to distribution of the benefit. Such distribution shall completely discharge the Company from all liability with respect to such benefit.
Appears in 5 contracts
Samples: Director Deferred Compensation Agreement (First Georgia Community Corp), Deferred Compensation Agreement (Banc Corp), Compensation Agreement (Banc Corp)
Facility of Payment. If a benefit is payable to a minor, to a person declared incompetentincapacitated, or to a person incapable of handling the disposition of his or her property, the Company may pay such benefit to the guardian, legal representative or person having the care or custody of such minor, incompetent incapacitated person or incapable person. The Company may require proof of incompetenceincapacity, minority or guardianship guardianship, as it may deem appropriate prior to distribution of the benefit. Such distribution shall completely discharge the Company from all liability with respect to such benefit.
Appears in 4 contracts
Samples: Supplemental Executive Retirement Plan Agreement (Lakeland Bancorp Inc), Supplemental Executive Retirement Plan Agreement (Lakeland Bancorp Inc), Retirement Plan Agreement (Lakeland Bancorp Inc)
Facility of Payment. If a benefit is payable to a minor, to a person declared incompetent, or to a person incapable of handling the disposition of his or her property, the Company may pay such benefit to the guardian, legal representative or person having the care or custody of such minor, incompetent person or incapable person. The Company may require proof of incompetence, minority or guardianship guardianship, as it may deem appropriate prior to distribution of the benefit. Such distribution shall completely discharge the Company from all liability with respect to such benefit.
Appears in 4 contracts
Samples: Incentive Retirement Agreement (Smithtown Bancorp Inc), Supplemental Retirement Plan Executive Agreement (Community Valley Bancorp), Incentive Retirement Agreement (Smithtown Bancorp Inc)
Facility of Payment. If a benefit is payable to a minor, to a person declared incompetent, or to a person incapable of handling the disposition of his or her property, the Company may pay or distribute such benefit to the guardian, legal representative or person having the care or custody of such minor, incompetent person or incapable person. The Company may require proof of incompetence, minority or guardianship as it may deem appropriate prior to distribution of the benefit. Such distribution shall completely discharge the Company from all liability with respect to such benefit.
Appears in 3 contracts
Samples: Nonqualified Deferred Compensation Agreement (Lithia Motors Inc), Deferred Restricted Stock Grant Agreement (Umpqua Holdings Corp), Nonqualified Deferred Compensation Agreement (Lithia Motors Inc)
Facility of Payment. If a benefit is payable to a minor, to a person declared incompetentincapacitated, or to a person incapable of handling the disposition of his or her property, the Company Corporation may pay such benefit to the guardian, legal representative or person having the care or custody of such minor, incompetent incapacitated person or incapable person. The Company Corporation may require proof of incompetenceincapacity, minority or guardianship as it may deem appropriate prior to distribution of the benefit. Such distribution shall completely discharge the Company Corporation from all liability with respect to such benefit.
Appears in 3 contracts
Samples: Director Retirement Agreement (Esb Financial Corp), Director Retirement Agreement (Esb Financial Corp), Retirement Agreement (Esb Financial Corp)
Facility of Payment. If a benefit is payable to a minor, to a person declared incompetentincapacitated, or to a person incapable of handling the disposition of his or her property, the Company may pay such benefit to the guardian, conservator, legal representative or person having the care or custody of such minor, incompetent incapacitated person or incapable person. The Company may require proof of incompetenceincapacity, minority or guardianship as it may deem appropriate prior to distribution of the benefit. Such distribution shall completely discharge the Company from all liability with respect to such benefit.
Appears in 3 contracts
Samples: Continuation Agreement (First South Bancorp Inc), First South Bank Salary Continuation Agreement (First South Bancorp Inc), Continuation Agreement (First South Bancorp Inc)
Facility of Payment. If a benefit is payable to a minor, to a person declared incompetent, or to a person incapable of handling the disposition of his or her property, the Company may pay such benefit will be paid in accordance with the policies established by the Insurer, but may include payment of benefits to the guardian, legal representative or person having the care or custody of such minor, incompetent person or incapable person. The Company may require proof of incompetence, minority or guardianship as it may deem appropriate prior to distribution of the benefit. Such distribution shall completely discharge the Company from all liability with respect to such benefit.
Appears in 3 contracts
Samples: Agreement (FNB Bancorp/Ca/), Agreement (FNB Bancorp/Ca/), Agreement (FNB Bancorp/Ca/)
Facility of Payment. If a benefit is payable to a minor, to a person declared incompetentincapacitated, or to a person incapable of handling the disposition of his or her property, the Company Employer may pay such benefit to the guardian, legal representative or person having the care or custody of such minor, incompetent incapacitated person or incapable person. The Company Employer may require proof of incompetenceincapacity, minority or guardianship as it may deem appropriate prior to distribution of the benefit. Such distribution shall completely discharge the Company Employer from all liability with respect to such benefit.
Appears in 3 contracts
Samples: Supplemental Executive Retirement Agreement (Midwest Banc Holdings Inc), Supplemental Executive Retirement Agreement (Midwest Banc Holdings Inc), Retirement Agreement (Midwest Banc Holdings Inc)
Facility of Payment. If a benefit is payable to a beneficiary who is a minor, to a person declared incompetent, or to a person incapable of handling the disposition of his or her property, the Company may pay such benefit to the guardian, legal representative or person having the care or custody of such minor, incompetent person or incapable person. The Company may require proof of incompetenceincompetency, minority or guardianship as it may deem appropriate prior to distribution of the benefit. Such distribution shall completely discharge the Company from all liability with respect to such benefit.
Appears in 2 contracts
Samples: Supplemental Executive Retirement Plan Agreement (Sunshine Bancorp, Inc.), Supplemental Executive Retirement Plan Agreement (Sunshine Bancorp, Inc.)
Facility of Payment. If a benefit is payable to a minor, to a minor or person declared incompetent, incompetent or to a person incapable of handling the disposition of his or her property, the Company may pay such benefit to the guardian, legal representative or person having the care or custody of such minor, incompetent person or incapable person. The Company may require proof of incompetence, minority or guardianship guardianship, as it may deem appropriate prior to distribution of the benefit. Such distribution shall completely discharge the Company from all liability with respect to such benefit.
Appears in 2 contracts
Samples: Retirement Deferred Compensation Agreement (Possis Medical Inc), Deferred Compensation Agreement (Possis Medical Inc)
Facility of Payment. If a benefit is payable to a minor, to a person declared incompetent, or to a person incapable of handling the disposition of his or her property, the Company may pay such benefit to the guardian, legal representative or person having the care or custody of such minor, incompetent incapacitated person or incapable person. The Company may require proof of incompetence, minority or guardianship as it may deem appropriate prior to distribution of the benefit. Such distribution shall completely discharge the Company from all liability with respect to such benefit.
Appears in 2 contracts
Samples: Agreement (Oak Valley Bancorp), Agreement (Oak Valley Bancorp)
Facility of Payment. If a the benefit is payable to a minor, to a ------------------- person declared incompetentincapacitated, or to a person incapable of handling the disposition of his or her property, the Company may pay such benefit to the guardian, legal representative or person having the care or custody of such minor, incompetent incapacitated person or incapable person. The Company may require proof of incompetenceincapacity, minority or guardianship as it may deem appropriate prior to distribution of the benefit. Such distribution shall completely discharge the Company from all liability with respect to such benefit.
Appears in 2 contracts
Samples: Continuation Agreement (United Panam Financial Corp), Continuation Agreement (United Panam Financial Corp)
Facility of Payment. If a benefit is payable to a minor, to a person declared incompetent, or to a person incapable of handling the disposition of his or her property, the Company may pay such benefit to the guardian, conservator, legal representative or person having the care or custody of such minor, incompetent person or incapable person. The Company may require proof of incompetence, minority or guardianship as it may deem appropriate prior to distribution of the benefit. Such distribution shall completely discharge the Company from all liability with respect to such benefit.
Appears in 2 contracts
Samples: Continuation Agreement (Peoples Bancorporation Inc /Sc/), Peoples National Bank (Peoples Bancorporation Inc /Sc/)
Facility of Payment. If a benefit is payable to a minor, ,to a person declared incompetent, or to a person incapable of handling the disposition of his or her property, the Company may pay such benefit to the guardian, legal representative or person having the care or custody of such minor, incompetent person or incapable person. The Company may require proof of incompetence, minority or guardianship as it may deem appropriate prior to distribution of the benefit. Such distribution shall completely discharge the Company from all liability with respect to such benefit.
Appears in 2 contracts
Samples: Continuation Agreement (Fulton Bancshares Corp), Continuation Agreement (Fulton Bancshares Corp)
Facility of Payment. If a benefit is payable to a minor, to a person declared incompetent, or to a person incapable of handling the disposition of his or her property, the Company may pay such benefit to the guardian, legal representative or person having the care or custody of such minor, incompetent person or incapable person. The Company may require proof of incompetenceincompetency, minority or guardianship as it may deem appropriate prior to distribution of the benefit. Such distribution shall completely discharge the Company from all liability with respect to such benefit.the
Appears in 1 contract
Facility of Payment. If a benefit is payable Payable to a minor, to a person declared incompetent, incapacitated or to a person incapable of handling the disposition of his or her property, the Company may pay such benefit to the guardian, legal representative or person having the care or custody of such minor, incompetent incapacitated person or incapable person. , The Company may require proof of incompetenceincapacity, minority or guardianship guardianship, as it may deem appropriate prior to distribution of the benefit. Such distribution shall completely discharge the Company from all liability with respect to such benefit.
Appears in 1 contract
Samples: Salary Continuation Agreement (Fidelity Federal Bancorp)
Facility of Payment. If a benefit is payable to a minor, to a person declared incompetent, or to a person incapable of handling the disposition of his or her property, the Company may pay such benefit to the guardian, legal representative or person having the care or custody of such minor, incompetent person or incapable person. The Company may require proof of incompetence, minority or guardianship as it may deem appropriate prior to distribution of the benefit. Such distribution shall completely discharge the Company from all liability with respect to such benefit.. ARTICLE 5
Appears in 1 contract
Samples: Director Retirement Agreement
Facility of Payment. If a benefit is payable to a minor, to a person declared incompetent, or to a person incapable of handling the disposition of his or her property, the Company may pay such benefit to the guardian, legal representative or person having the care or custody of such minor, incompetent person or incapable person. The Company may require proof of incompetence, minority or guardianship as it may deem appropriate prior to distribution of the benefit. Such distribution shall completely discharge the Company from all liability with respect to such benefit.
Appears in 1 contract
Samples: Continuation Agreement (Southern Community Bancorp)
Facility of Payment. If a benefit is payable to a minor, to a person declared incompetent, or to a person incapable of handling the disposition of his or her property, the Company Bank may pay such benefit to the guardian, legal representative representative, or person having the care or custody of such minor, incompetent person person, or incapable person. The Company Bank may require proof of incompetence, minority minority, or guardianship as it may deem appropriate prior to before distribution of the benefit. Such distribution shall completely discharge the Company Bank from all liability with respect to for such benefit.
Appears in 1 contract
Samples: Executive Survivor Income Agreement (Western Sierra Bancorp)
Facility of Payment. If a benefit payable is payable to a minor, to a person declared incompetent, or to a person incapable of handling the disposition of his or her property, the Company may pay such benefit to the guardian, legal representative or person having the care or custody of such minor, incompetent person or incapable person. The Company may require proof of incompetenceincompetency, minority or guardianship as it may deem appropriate prior to distribution of the benefit. Such distribution shall completely discharge the Company from all liability with respect to such benefit.
Appears in 1 contract
Samples: Compensation Agreement (Southern Michigan Bancorp Inc)
Facility of Payment. If a benefit is payable to a minor, to a person declared incompetent, or to a person incapable of handling the disposition of his or her property, the Company may pay such benefit to the guardian, legal representative or person having the care or custody of such minor, incompetent person or incapable person. The Company may require proof of incompetence, minority or guardianship as it may deem appropriate prior to the distribution of the benefit. Such distribution shall completely discharge the Company from all liability with respect to such benefit.
Appears in 1 contract
Samples: Executive Deferred Compensation Agreement (ISB Financial Corp.)
Facility of Payment. If a benefit is payable to a minor, to a person declared incompetentincapacitated, or to a person incapable of handling the disposition of his or her property, the Company may pay such the benefit to the guardian, legal representative representative, or person having the care or custody of such the minor, incompetent person incapacitated person, or incapable person. The Company may require proof of incompetenceincapacity, minority minority, or guardianship as it may deem appropriate prior to before distribution of the benefit. Such distribution Distribution shall completely discharge the Company from all liability with respect to such for the benefit.
Appears in 1 contract
Samples: Bancorp Director Retirement Agreement (Cortland Bancorp Inc)
Facility of Payment. If a benefit is payable to a beneficiary who is minor, to a person declared incompetent, or to a person incapable of handling the disposition of his or her property, the Company may pay such benefit to the guardian, legal representative or person having the care or custody of such minor, incompetent person or incapable person. The Company may require proof of incompetence, minority or guardianship as it may deem appropriate prior to distribution of the benefit. Such distribution shall completely discharge the Company from all liability with respect to such benefit.
Appears in 1 contract
Samples: Director Deferred Compensation Agreement (HCSB Financial Corp)
Facility of Payment. If a benefit is payable to a minor, to a person declared incompetent, incompetent or to a person incapable of handling the disposition of his or her property, the Company may pay such benefit to the guardian, legal representative or person having the care or custody of such minor, incompetent person or incapable person. The Company may require proof of incompetenceincompetency, minority or guardianship as it may deem appropriate prior to distribution of the benefit. Such distribution shall completely discharge the Company from all liability with respect to such benefit.
Appears in 1 contract
Facility of Payment. If a benefit is payable to a minor, to a person declared incompetent, or to a person incapable of handling the disposition of his or her property, the Company may pay such benefit benefits to the guardian, legal representative or person having the care or custody of such minor, incompetent person or incapable person. The Company may require proof of incompetence, minority or guardianship as it may deem appropriate prior to distribution of the benefit. Such distribution shall completely discharge the Company from all liability with respect to such benefit.
Appears in 1 contract
Facility of Payment. If a benefit is payable to a minor, to a person declared incompetent, or to a person incapable of handling the disposition of his or her property, the Company may pay such benefit to the guardian, legal representative representative, or person having the care or custody of such minor, incompetent person person, or incapable person. The Company may require proof of incompetence, minority minority, or guardianship as it may deem appropriate prior to distribution of the benefit. Such distribution shall completely discharge the Company from all liability with respect to such benefit.
Appears in 1 contract
Samples: Deferred Compensation Agreement (Champion Communication Services Inc)
Facility of Payment. If a benefit is payable to a minor, to a person declared incompetent, or to a person incapable of handling the disposition of his or her property, property the Company may pay such benefit to the guardian, legal representative or person having the care or of custody of such minor, incompetent person or incapable person. The Company may require proof of incompetence, minority or guardianship as it may deem appropriate prior to distribution of the benefit. Such distribution shall completely discharge the Company company from all liability with respect to such benefit.
Appears in 1 contract
Facility of Payment. If a benefit is payable to a minor, to a person declared incompetentincapacitated, or to a person incapable of handling the disposition of his or her property, the Company may pay such benefit to the guardianguardian , legal representative or person having the care or custody of such minor, incompetent incapacitated person or incapable person. The Company may require proof of incompetenceincapacity, minority or guardianship as it may deem appropriate prior to distribution of the benefit. Such distribution shall completely discharge the Company from all liability with respect to such benefit.
Appears in 1 contract
Samples: Continuation Agreement (Orrstown Financial Services Inc)
Facility of Payment. If a benefit is payable to a minor, to a person declared incompetent, incapacitated or to a person incapable of handling the disposition of his or her property, the Company may pay such benefit to the guardian, legal representative or person having the care or custody of such minor, incompetent incapacitated person or incapable person. The Company may require proof of incompetenceincapacity, minority or guardianship as it may deem appropriate prior to distribution of the benefit. Such distribution shall completely discharge the Company from all liability with respect to such benefit.
Appears in 1 contract
Samples: Director Retirement Agreement (Cortland Bancorp Inc)
Facility of Payment. If a benefit is payable to a minor, to a person declared incompetent, or to a person incapable of handling the disposition of his or her property, the Company Employer may pay such benefit to the guardian, legal representative or person having the care or custody of such minor, incompetent person or incapable person. The Company Employer may require proof of incompetence, minority or guardianship as it may deem appropriate prior to distribution of the benefit. Such distribution shall completely discharge the Company Employer from all liability with respect to such benefit.
Appears in 1 contract
Samples: Non Qualified (QCR Holdings Inc)
Facility of Payment. If a benefit is payable to a minor, to a person declared incompetent, or to a person incapable of handling the disposition of his or her property, the Company may pay such benefit to the guardian, legal representative or person having the care or custody of such minor, incompetent person or incapable person. The Company may require proof of incompetenceincompetency, minority or guardianship as it may deem appropriate prior to distribution of the benefit. Such distribution shall completely discharge the Company from all liability with respect to such benefit.. ARTICLE 7
Appears in 1 contract
Facility of Payment. If a benefit is payable to a minor, to a person declared incompetent, or to a person incapable of handling the disposition of his or her property, the Company may pay such benefit to the guardian, legal representative or person having the care or custody of such minor, incompetent person or incapable person. The Company may require proof of incompetence, minority or guardianship guardianship, as it may deem appropriate appropriate, prior to distribution of the benefit. Such distribution shall completely discharge the Company from all liability with respect to such benefit.
Appears in 1 contract
Facility of Payment. If a benefit is payable to a minor, to a person declared incompetent, or to a person incapable of handling the disposition of his or her property, the Company may pay such benefit to the guardian, legal representative or person having the care or custody of such minor, incompetent person or incapable person. The Company may require proof of incompetence, minority or guardianship as it may deem appropriate prior to distribution of the benefit. Such distribution shall completely discharge the Company from all liability with respect to such benefit.. Article 7
Appears in 1 contract
Samples: Conway National Bank Phantom Stock Agreement (CNB Corp /Sc/)
Facility of Payment. If a benefit is payable to a minor, to a person declared incompetent, or to a person incapable of handling the disposition of his or her property, the Company may pay such benefit to the guardian, legal representative or person having the care or custody of such 5 minor, incompetent person or incapable person. The Company may require proof of incompetence, minority or guardianship as it may deem appropriate prior to distribution of the benefit. Such distribution shall completely discharge the Company from all liability with respect to such benefit.
Appears in 1 contract
Samples: Trust Director Deferred Fee Agreement (Southern Michigan Bancorp Inc)
Facility of Payment. If a benefit abenefit is payable to a minor, to a person declared incompetentincapacitated, or to a person incapable of handling the disposition of his or her property, the Company may pay such benefit to the guardian, conservator, legal representative or person having the care or custody of such minor, incompetent incapacitated person or incapable person. The Company may require proof of incompetenceincapacity, minority or guardianship as it may deem appropriate prior to distribution of the benefit. Such distribution shall completely discharge the Company from all liability with respect to such benefit.
Appears in 1 contract
Facility of Payment. If a benefit is payable to a minor, to a person declared incompetent, or to a person incapable of handling the disposition of his or her property, the Company may pay such benefit to the guardian, legal representative or person having the care or custody of such minor, incompetent person or incapable person. The Company may require proof of incompetence, minority or guardianship as it may deem appropriate prior to distribution of the benefit. Such distribution shall completely discharge the Company from all liability with respect to such benefit.of
Appears in 1 contract
Facility of Payment. If a benefit is payable to a minor, to a person declared incompetent, or to a person incapable of handling the disposition of his or her property, the Company may pay such benefit to the guardian, legal representative or person having the care or custody of such minor, incompetent person or incapable person. The Company may require proof of or incompetence, minority or guardianship as it may deem appropriate prior to distribution of the benefit. Such distribution shall completely discharge the Company from all liability with respect to such benefit.
Appears in 1 contract
Facility of Payment. If a benefit is payable to a minor, to a person declared incompetent, or to a person incapable of handling the disposition of his or her property, ; the Company may pay such benefit to the guardian, legal representative or person having the care or custody of such minor, incompetent person or incapable person. The Company may require proof of incompetenceincompetency, minority or guardianship as it may deem appropriate prior to distribution of the benefit. Such distribution shall completely discharge the Company from all liability with respect to such benefit.
Appears in 1 contract
Samples: Yardville National Bancorp
Facility of Payment. If a benefit is payable to a minor, to a person declared incompetent, or to a person incapable of handling the disposition of his or her property, the Company may pay such benefit to the guardian, legal representative or person having the care or custody of such minor, incompetent person or incapable person. The Company company may require proof of incompetenceincompetency, minority or guardianship as it may deem appropriate prior to distribution of the benefit. Such distribution shall completely discharge the Company from all liability with respect to such benefit.
Appears in 1 contract
Facility of Payment. If if a benefit is payable to a minor, to a person declared incompetent, or to a person incapable of handling the disposition of his or her property, the Company may pay such benefit to the guardian, legal representative or person having the care or custody of such minor, incompetent person or incapable person. The Company may require proof of incompetenceincompetency, minority or guardianship as it may deem appropriate prior to distribution of the benefit. Such distribution shall completely discharge the Company from all liability with respect to such benefit.
Appears in 1 contract
Samples: Deferred Fee Agreement (Harvard Illinois Bancorp, Inc.)
Facility of Payment. If a benefit is payable to a minor, to a person declared incompetentincapacitated, or to a person incapable of handling the disposition of his or her property, the Company Employer may pay such benefit to the guardian, legal representative representative, or person having the care or custody of such the minor, incompetent incapacitated person or incapable person. The Company Employer may require proof of incompetenceincapacity, minority or guardianship as it may deem appropriate prior to before distribution of the benefit. Such distribution Distribution shall completely discharge the Company Employer from all liability with respect to such for the benefit.
Appears in 1 contract
Samples: Supplemental Executive Retirement Plan Agreement (Sound Financial Bancorp, Inc.)
Facility of Payment. If a benefit is payable to a minor, to a person declared incompetent, or of to a person incapable of handling the disposition of his or her property, the Company may pay such benefit to the guardian, legal representative or person having the care or custody of such minor, incompetent person or incapable person. The Company may require proof of incompetenceincompetency, minority or guardianship as it may deem appropriate prior to distribution of the benefit. Such distribution shall completely discharge the Company from all liability with respect to such benefit.
Appears in 1 contract