Alternate Recipients. If, in the sole opinion of First Charter, the Executive or Beneficiary is physically or mentally incapacitated to properly receive such payments, First Charter may make (or cause to be made) payments to any member of the family of the Executive or Beneficiary, or for the use and benefit of the Executive or Beneficiary, or to any person or institution providing care for the Executive or Beneficiary. All payments so made shall fully discharge and acquit First Charter obligation to provide the Benefit to the amounts thereof.
Appears in 5 contracts
Samples: Supplemental Agreement (First Charter Corp /Nc/), Supplemental Agreement (First Charter Corp /Nc/), Supplemental Agreement (First Charter Corp /Nc/)
Alternate Recipients. If, in the sole opinion of First Charter, the Executive or Beneficiary is physically or mentally incapacitated to properly receive such payments, First Charter may make (or cause to be made) payments to any member of the family of the Executive or Beneficiary, or for the use and benefit of the Executive or Beneficiary, or to any person or institution providing care for the Executive or Beneficiary. All payments so made shall fully discharge and acquit First Charter of its obligation to provide the Benefit to the amounts thereof.
Appears in 2 contracts
Samples: Supplemental Agreement (First Charter Corp /Nc/), Supplemental Agreement (First Charter Corp /Nc/)
