Facility of Payment. If a benefit is payable to a minor, to a person declared incapacitated, or to a person incapable of handling the disposition of his or her property, the Bank may pay the benefit to the guardian, legal representative, or person having the care or custody of the minor, incapacitated person, or incapable person. The Bank may require proof of incapacity, minority, or guardianship as it may deem appropriate before distribution of the benefit. Distribution shall completely discharge the Bank from all liability for the benefit.
Appears in 107 contracts
Samples: Middlefield Banking Company (Middlefield Banc Corp), Middlefield Banking Company (Middlefield Banc Corp), Middlefield Banking Company (Middlefield Banc Corp)
Facility of Payment. If a benefit is payable to a minor, to a person declared incapacitated, or to a person incapable of handling the disposition of his or her property, the Bank may pay the such benefit to the guardian, legal representative, or person having the care or custody of the minor, incapacitated person, or incapable person. The Bank may require proof of incapacity, minority, or guardianship as it may deem appropriate before distribution of the benefit. Distribution shall completely discharge the Bank from all liability for the benefit.
Appears in 71 contracts
Samples: Salary Continuation Agreement (Grandsouth Bancorporation), Continuation Agreement, Continuation Agreement
Facility of Payment. If a benefit is payable to a minor, to a person declared incapacitated, or to a person incapable of handling the disposition of his or her property, the Bank may pay the such benefit to the guardian, legal representative, representative or person having the care or custody of the such minor, incapacitated person, person or incapable person. The Bank may require such proof of incapacity, minority, minority or guardianship as it may deem the Bank deems appropriate before distribution of the benefit. Distribution shall completely discharge the Bank from all liability for the such benefit.
Appears in 30 contracts
Samples: Salary Continuation Agreement (First Northern Community Bancorp), Supplemental Executive Retirement Plan Agreement (Premierwest Bancorp), Supplemental Executive Retirement Plan Agreement (Premierwest Bancorp)
Facility of Payment. If a benefit is payable to a minor, to a person declared incapacitated, or to a person incapable of handling the disposition of his or her property, the Bank may pay the such benefit to the guardian, legal representative, representative or person having the care or custody of the such minor, incapacitated person, person or incapable person. The Bank may require proof of incapacity, minority, minority or guardianship as it may deem appropriate before prior to distribution of the benefit. Distribution Such distribution shall completely discharge the Bank from all liability for the with respect to such benefit.
Appears in 21 contracts
Samples: Director Retirement Agreement (Esb Financial Corp), Laurel Savings (Laurel Capital Group Inc), Continuation Agreement (Juniata Valley Financial Corp)
Facility of Payment. If a benefit is payable to a minor, to a person declared incapacitatedincompetent, or to a person incapable of handling the disposition of his or her property, the Bank may pay the such benefit to the guardian, legal representative, or person having the care or custody of the such minor, incapacitated person, incompetent person or incapable person. The Bank may require proof of incapacityincompetence, minority, or guardianship as it may deem appropriate before prior to distribution of the benefit. Distribution Such distribution shall completely discharge the Bank from all liability for the with respect to such benefit.
Appears in 16 contracts
Samples: Survivor Income Agreement (Wilson Bank Holding Co), Survivor Income Agreement (Wilson Bank Holding Co), Survivor Income Agreement (Wilson Bank Holding Co)
Facility of Payment. If a benefit is payable to a minor, to a person declared incapacitatedincompetent, or to a person incapable of handling the disposition of his or her property, the Bank may pay the such benefit to the guardian, legal representative, representative or person having the care or custody of the such minor, incapacitated person, incompetent person or incapable person. The Bank may require proof of incapacityincompetency, minority, minority or guardianship as it may deem appropriate before prior to distribution of the benefit. Distribution Such distribution shall completely discharge the Bank from all liability for the with respect to such benefit.
Appears in 16 contracts
Samples: Central Valley Community Bank Director Deferred Fee Agreement (Central Valley Community Bancorp), Salary Continuation Agreement (Guaranty Bancshares Inc /Tx/), Plumas Bank (Plumas Bancorp)
Facility of Payment. If a benefit is payable to a minor, to a person declared incapacitated, or to a person incapable of handling the disposition of his or her property, the Bank may pay the such benefit to the guardian, legal representative, or person having the care or custody of the such minor, incapacitated person, person or incapable person. The Bank may require proof of incapacity, minority, minority or guardianship as it may deem appropriate before prior to distribution of the benefit. Distribution Such distribution shall completely discharge the Bank from all liability for the with respect to such benefit.
Appears in 11 contracts
Samples: Acnb Bank (Acnb Corp), Salary Continuation Agreement (Acnb Corp), Acnb Bank (Acnb Corp)
Facility of Payment. If a benefit is payable to a minor, to a person declared incapacitated, or to a person incapable of handling the disposition of his or her property, the Bank may pay the such benefit to the guardian, legal representative, representative or person having the care or custody of the such minor, incapacitated person, person or incapable person. The Bank may require proof of incapacity, minorityminority or guardianship, or guardianship as it may deem appropriate before prior to distribution of the benefit. Distribution Such distribution shall completely discharge the Bank from all liability for the with respect to such benefit.
Appears in 10 contracts
Samples: Supplemental Executive Retirement Plan Agreement (First Perry Bancorp, Inc), Retirement Plan Agreement (Roma Financial Corp), Retirement Plan Agreement (Capital Bancorp Inc)
Facility of Payment. If a benefit is payable to a minor, to a person declared incapacitated, or to a person incapable of handling the disposition of his or her property, the Bank may pay the such benefit to the guardian, legal representative, representative or person having the care or custody of the such minor, incapacitated person, person or incapable person. The Bank may require proof of incapacity, minority, minority or guardianship as it may deem appropriate before distribution of the benefit. Distribution shall completely discharge the Bank from all liability for the benefit.
Appears in 10 contracts
Samples: Salary Continuation Agreement (American River Bankshares), Salary Continuation Agreement (American River Bankshares), Salary Continuation Agreement (American River Holdings)
Facility of Payment. If a benefit is payable to a minor, to a person declared incapacitatedincompetent, or to a person incapable of handling the disposition of his or her property, the Bank may pay the such benefit to the guardian, legal representative, or person having the care or custody of the such minor, incapacitated incompetent person, or incapable person. The Bank may require proof of incapacityincompetency, minority, or guardianship as it may deem appropriate before prior to the distribution of the benefit. Distribution Such distribution shall completely discharge the Bank from all liability for the with respect to such benefit.
Appears in 6 contracts
Samples: Sandy Spring Bank Supplemental Executive Retirement Agreement (Sandy Spring Bancorp Inc), Supplemental Executive Retirement Agreement (Sandy Spring Bancorp Inc), Supplemental Executive Retirement Agreement (Sandy Spring Bancorp Inc)
Facility of Payment. If a benefit is payable to a minor, to a person declared incapacitated, or to a person incapable of handling the disposition of his or her property, the Bank may pay the benefit to the guardian, legal representative, or person having the care or custody of the minor, incapacitated person, or incapable person. The Bank may require proof of incapacity, minority, or guardianship as it may deem deems appropriate before distribution of the benefit. Distribution shall completely discharge discharges the Bank from all liability for the benefit.
Appears in 4 contracts
Samples: Continuation Agreement (Cortland Bancorp Inc), Continuation Agreement (Cortland Bancorp Inc), Continuation Agreement (Cortland Bancorp Inc)
Facility of Payment. If a benefit is payable to a minor, to a person declared incapacitated, or to a person incapable of handling the disposition of his or her property, the Bank may pay the benefit to the guardian, legal representative, or person having the care or custody of the minor, incapacitated person, or incapable person. The Bank may require proof of incapacity, minority, or guardianship as it may deem appropriate before distribution of the benefit. Distribution shall completely discharge discharges the Bank from all liability for the benefitliability.
Appears in 4 contracts
Samples: Continuation Agreement (Cortland Bancorp Inc), Continuation Agreement (Cortland Bancorp Inc), Continuation Agreement (Cortland Bancorp Inc)
Facility of Payment. If a benefit is payable to a minor, to a person declared incapacitated, or to a person incapable of handling the disposition of his or her property, the Bank may pay the such benefit to the guardian, legal representative, or person having the care or custody of the minor, incapacitated person, or incapable person. The Bank may require proof of incapacity, minority, or guardianship as it may deem appropriate before distribution of the benefit. Distribution shall completely discharge the Bank from form all liability for the benefit.
Appears in 3 contracts
Samples: Supplemental Executive Retirement Plan (Lake Shore Bancorp, Inc.), Supplemental Executive Retirement Plan (Lake Shore Bancorp, Inc.), Supplemental Executive Retirement Plan (Lake Shore Bancorp, Inc.)
Facility of Payment. If a benefit is payable to a minor, to a person declared incapacitatedincompetent, or to a person incapable of handling the disposition of his or her property, the Bank Bank, in its discretion, may pay the such benefit to the guardian, legal representative, representative or person having the care or custody of the such minor, incapacitated person, person or incapable person. The Bank may require proof of incapacity, minority, or guardianship as it may deem appropriate before distribution of the benefit. Distribution shall completely discharge the Bank from all liability for the benefit.
Appears in 3 contracts
Samples: Salary Continuation Agreement (Bank of Commerce Holdings), Commerce Salary Continuation Agreement (Bank of Commerce Holdings), Commerce Salary Continuation Agreement (Bank of Commerce Holdings)
Facility of Payment. If a benefit is payable to a minor, to a person declared incapacitatedincompetent, or to a person incapable of handling the disposition of his or her property, the Bank may pay the benefit to the guardian, legal representative, representative or person having the care or custody of the such minor, incapacitated person, person or incapable person. The Bank may require proof of incapacityincompetence, minority, minority or guardianship as it may deem appropriate before prior to distribution of the benefit. Distribution Such distribution shall completely discharge the Bank from all liability for the with respect to such benefit.
Appears in 3 contracts
Samples: Control Agreement (Bank of Commerce Holdings), Change in Control Agreement for Randy Eslick (Bank of Commerce Holdings), Change in Control Agreement (Bank of Commerce Holdings)
Facility of Payment. If a benefit is payable to a minor, to a person declared incapacitated, or to a person incapable of handling the disposition of his or her property, the Bank may pay the benefit to the guardian, legal representative, or person having the care or custody of the minor, incapacitated person, or incapable person. The Bank may require proof of incapacity, minority, or guardianship as it may deem appropriate before distribution of the benefit. Distribution shall completely discharge discharges the Bank from all liability for the benefit.
Appears in 3 contracts
Samples: Middlefield Banking Company (Middlefield Banc Corp), Middlefield Banking Company (Middlefield Banc Corp), Salary Continuation Agreement (Eagle Bancorp Montana, Inc.)
Facility of Payment. If a benefit is payable to a minor, to a person declared incapacitated, incapacitated or to a person incapable of handling the disposition of his or her property, the Bank may pay the such benefit to the guardian, legal representative, representative or person having the care or custody of the such minor, incapacitated person, person or incapable person. The Bank may require proof of incapacity, minority, minority or guardianship as it may deem appropriate before prior to distribution of the benefit. Distribution Such distribution shall completely discharge the Bank from all liability for the with respect to such benefit.
Appears in 3 contracts
Samples: Director Retirement Agreement (American River Bankshares), Director Retirement Agreement (American River Bankshares), American River Bankshares
Facility of Payment. If a benefit is payable to a minor, to a person declared incapacitated, or to a person incapable of handling the disposition of his or her property, the Bank Employer may pay the direct payment of such benefit to the guardian, legal representative, or person having the care or custody of the minor, incapacitated person, or incapable person. The Bank Employer may require proof of incapacity, minority, or guardianship as it may deem appropriate before distribution of the benefit. Distribution shall completely discharge the Bank Employer from all liability for the benefit.
Appears in 3 contracts
Samples: Split Dollar Agreement (Charter Financial Corp), Split Dollar Agreement (Charter Financial Corp), Split Dollar Agreement (Charter Financial Corp)
Facility of Payment. If a benefit is payable to a minor, to a person declared incapacitated, or to a person incapable of handling the disposition of his or her property, the Bank may pay the benefit to the guardian, legal representative, or person having the care or custody of the minor, incapacitated person, or incapable person. The Bank may require proof of incapacity, minority, or guardianship as it may deem the Bank deems appropriate before distribution of the benefit. Distribution shall completely discharge discharges the Bank from all liability for the benefit.. ARTICLE 5
Appears in 3 contracts
Samples: Continuation Agreement (BNC Bancorp), Continuation Agreement (BNC Bancorp), Continuation Agreement (BNC Bancorp)
Facility of Payment. If a benefit is payable to a minor, to a person declared incapacitated, or to a person incapable of handling the disposition of his or her property, the Bank may pay the benefit to the guardian, legal representative, or person having the care or custody of the minor, incapacitated person, or incapable person. The Bank may require proof of incapacity, minority, or guardianship as it may deem appropriate before distribution of the benefit. Distribution Such distribution of the benefit shall completely discharge the Bank from all liability for the benefit.
Appears in 2 contracts
Samples: Southcoast Community Bank Salary Continuation Agreement (Southcoast Financial Corp), Continuation Agreement (Southcoast Financial Corp)
Facility of Payment. If a benefit is payable to a minor, to a person declared incapacitated, or to a person incapable of handling the disposition of his or her property, the Bank may pay the such benefit to the guardian, legal representative, or person having the care or custody of the such minor, incapacitated person, or incapable person. The Bank may require such proof of incapacity, minority, or guardianship as it may deem the Bank deems appropriate before distribution of the benefit. Distribution shall completely discharge the Bank from all liability for the such benefit.
Appears in 2 contracts
Samples: Continuation Agreement (Intermountain Community Bancorp), Continuation Agreement (Intermountain Community Bancorp)
Facility of Payment. If a benefit is payable to a minor, to a person declared incapacitated, or to a person incapable of handling the disposition of his or her property, the Bank may pay the benefit to the guardian, legal representative, or person having the care or custody of the minor, incapacitated person, or incapable person. The Bank may require proof of incapacity, minority, or guardianship as it the Bank may deem appropriate before distribution of the benefit. Distribution shall completely discharge the Bank from all liability for the benefit.
Appears in 2 contracts
Samples: Amended Salary Continuation Agreement (Home Bancorp Wisconsin, Inc.), Southern Michigan Bancorp Inc
Facility of Payment. If a benefit is payable to a minor, to a person declared incapacitatedincompetent, or to a person incapable of handling the disposition of his or her propertyproperty (as determined by the Bank), the Bank may pay the such benefit to the guardian, legal representative, representative or person having the care or custody of the such minor, incapacitated person, incompetent person or incapable person. The Bank may require proof of incapacityincompetence, minority, minority or guardianship as it may deem appropriate before prior to distribution of the benefit. Distribution Such distribution shall completely discharge the Bank from all liability for the with respect to such benefit.
Appears in 2 contracts
Samples: Savings Institute (SI Financial Group, Inc.), Director Deferred Fee Agreement (SI Financial Group, Inc.)
Facility of Payment. If a benefit is payable to a minor, to a person declared incapacitated, or to a person persona incapable of handling the disposition of his or her property, the Bank may pay the such benefit to the guardian, legal representative, representative or person having the care or of custody of the such minor, incapacitated person, person or incapable person. The Bank may require proof of incapacity, minorityminority or guardianship, or guardianship as it may deem appropriate before prior to distribution of the benefit. Distribution Such distribution shall completely discharge the Bank from all liability for the with respect to such benefit.
Appears in 2 contracts
Samples: Retirement Plan Agreement (Capital Bancorp Inc), Retirement Plan Agreement (Capital Bancorp Inc)
Facility of Payment. If a benefit is payable to a minor, to a person declared incapacitatedincompetent, or to a person incapable of handling the disposition of his or her property, the Bank may pay the benefit to the guardian, legal representative, representative or person having the care or custody of the such minor, incapacitated person, person or incapable person. The Bank may require proof of incapacity, minority, or guardianship as it may deem appropriate before distribution of the benefit. Distribution shall completely discharge the Bank from all liability for the benefit.incapable
Appears in 1 contract
Facility of Payment. If a benefit is payable to a minor, to a person declared incapacitated, or to a person incapable of handling the disposition of his or heror her property, the Bank may pay the such benefit to the guardian, legal representative, or person having the care or custody of the minor, incapacitated person, or incapable person. The Bank may require proof of incapacity, minority, or guardianship as it may deem appropriate before distribution of the benefit. Distribution shall completely discharge the Bank from all liability for the benefit.
Appears in 1 contract
Samples: Amended Salary Continuation Agreement (Southern Community Financial Corp)
Facility of Payment. If a benefit is payable to a minor, to a person declared incapacitated, or to a person incapable of handling the disposition of his or her property, the Bank may pay the benefit to the guardian, legal representative, or person having the care or custody of the minor, incapacitated person, or incapable person. The Bank may require proof of incapacity, minority, or guardianship as it may deem appropriate before distribution of the benefit. Distribution shall completely discharge the Bank from all liability for the benefit.. Exhibit 10.10
Appears in 1 contract
Samples: Salary Continuation Agreement (Fidelity Southern Corp)
Facility of Payment. If a benefit is payable to a minor, to a person declared incapacitated, or to a person incapable of handling the disposition of his or her property, the Bank may pay the benefit to the guardian, legal representative, or person having the care or custody of the minor, incapacitated person, or incapable person. The Bank may require proof of incapacity, minority, or guardianship as it may deem appropriate before distribution of the benefit. Distribution shall completely discharge the Bank from all liability for the benefit.. Exhibit 10.8
Appears in 1 contract
Samples: Salary Continuation Agreement (Fidelity Southern Corp)
Facility of Payment. If a benefit is payable to a minor, to a person declared incapacitated, or to a person incapable of handling the disposition of his or her property, the Bank may pay the benefit to the guardian, legal representative, or person having the care or custody of the minor, incapacitated person, or incapable person. The Bank may require proof of incapacity, minority, or guardianship as it may deem appropriate before distribution of the benefit. Distribution Such a distribution shall completely discharge the Bank from form all liability for the benefitbenefits otherwise due to the Executive or a Beneficiary under this Plan.
Appears in 1 contract
Samples: Supplemental Executive Retirement Plan (Kearny Financial Corp.)
Facility of Payment. If a benefit is payable to a minor, to a person declared incapacitated, incapacitated or to a person incapable of handling the disposition of his or her property, the Bank may pay the such benefit to the guardian, legal representative, representative or person having the care or custody of the such minor, incapacitated person, person or incapable person. The Bank may require proof of on incapacity, minority, minority or guardianship as it may deem appropriate before prior to distribution of the benefit. Distribution Such distribution shall completely discharge the Bank from all liability for the with respect to such benefit.
Appears in 1 contract
Samples: Director Retirement Agreement (American River Bankshares)
Facility of Payment. If a benefit is payable to a minor, to a person declared incapacitated, or to a person incapable of handling the disposition of his or her property, the Bank Company may pay the such benefit to the guardian, legal representative, or person having the care or custody of the such minor, incapacitated person, or incapable person. The Bank may require proof of incapacity, minority, or guardianship as it may deem appropriate before distribution of the benefit. Distribution shall completely discharge the Bank from all liability for the benefit.incapable
Appears in 1 contract
Samples: Bancorp Director Retirement Agreement (Cortland Bancorp Inc)
Facility of Payment. If a benefit is payable to a minor, to a person declared incapacitatedincompetent, or to a person incapable of handling the disposition of his or her property, the Bank may pay the such benefit to the guardian, legal representative, or person having the care or custody of the such minor, incapacitated person, incompetent person or incapable person. The Bank may require proof of incapacityincompetence, minority, or guardianship as it may deem appropriate before distribution of the benefit. Distribution shall completely discharge the Bank from all liability for the benefit.as
Appears in 1 contract
Facility of Payment. If a benefit is payable to a minor, to a person declared incapacitated, or to a person incapable of handling the disposition of his or her property, the Bank may pay the benefit to the guardian, legal representative, or person having the care or custody of the minor, incapacitated person, or incapable person. The Bank may require proof of incapacity, Exhibit 10.9 minority, or guardianship as it may deem appropriate before distribution of the benefit. Distribution shall completely discharge the Bank from all liability for the benefit.
Appears in 1 contract
Samples: Salary Continuation Agreement (Fidelity Southern Corp)
Facility of Payment. If a benefit is payable to a minor, to a person declared incapacitated, or to a person incapable of handling the disposition of his or her property, the Bank may pay the benefit to the guardian, legal representative, or person having the care or custody of the minor, incapacitated person, or incapable person. The Bank may require proof of incapacity, minority, or guardianship as it may deem appropriate before distribution of the benefit. Distribution shall completely discharge the Bank from all liability for the benefit.. 8
Appears in 1 contract
Samples: Tidelands Bank Salary Continuation Agreement (Tidelands Bancshares Inc)
Facility of Payment. If a benefit is payable to a minor, to a person declared incapacitated, or to a person incapable of handling the disposition of his or her property, the Bank may pay the such benefit to the guardian, legal representative, representative or person having the care or custody of the such minor, incapacitated person, person or incapable person. The Bank may require proof of incapacity, minority, minority or guardianship as it may deem appropriate before distribution of the benefit. Distribution shall completely discharge the Bank from all liability for the benefit.. 172
Appears in 1 contract
Samples: Salary Continuation Agreement (American River Holdings)
Facility of Payment. If a benefit is payable to a minor, to a person declared incapacitated, or to a person incapable of handling the disposition of his or her property, the Bank may pay the such benefit to the guardian, legal representative, representative or person having the care or custody of the such minor, incapacitated person, person or incapable person. The Bank may require proof of incapacity, minority, minority or guardianship as it may deem appropriate before distribution of the benefit. Distribution shall completely discharge the Bank from all liability for the benefit.. 158
Appears in 1 contract
Samples: Salary Continuation Agreement (American River Holdings)