Common use of Authority to Receive Payments Clause in Contracts

Authority to Receive Payments. Any amount payable to or for the benefit of a minor, an incompetent person or other person incapable of receipting therefore shall be deemed paid when paid to the conservator of such person’s estate or to the party providing or reasonably appearing to provide for the care of such person, and such payment shall fully discharge the Company, members of the Committee and the Board with respect thereto.

Appears in 7 contracts

Samples: Non Qualified Stock Option Agreement (Thermadyne Holdings Corp /De), Restricted Stock Award Agreement (Thermadyne Holdings Corp /De), Restricted Stock Award Agreement (Thermadyne Holdings Corp /De)

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Authority to Receive Payments. Any amount payable to or for the benefit of a minor, an incompetent person or other person incapable of receipting therefore receiving such payment shall be deemed paid when paid to the conservator of such person’s estate or to the party providing or reasonably appearing to provide for the care of such person, and such payment shall fully discharge the Company, members Cass and Members of the Committee and the Board with respect thereto.

Appears in 5 contracts

Samples: Plan Restricted Stock Award Agreement (Cass Information Systems Inc), Plan Restricted Stock Award Agreement (Cass Information Systems Inc), Restricted Stock Award Agreement (Cass Information Systems Inc)

Authority to Receive Payments. Any amount payable to or for the benefit of a minor, an incompetent person or other person incapable of receipting therefore receiving such payment shall be deemed paid when paid to the conservator of such person’s estate or to the party providing or reasonably appearing to provide for the care of such person, and such payment shall fully discharge the Company, members Cass and Members of the Committee and the Board with respect thereto. 21.

Appears in 2 contracts

Samples: Restricted Stock Unit Award Agreement (Cass Information Systems Inc), Restricted Stock Unit Award Agreement (Cass Information Systems Inc)

Authority to Receive Payments. Any amount payable to or for the benefit of a minor, an incompetent person or other person incapable of receipting therefore receiving such payment shall be deemed paid when paid to the conservator of such person’s estate or to the party providing or reasonably appearing to provide for the care of such person, and such payment shall fully discharge the Company, members Cass and Members of the Committee and the Board with respect thereto. 24.

Appears in 1 contract

Samples: Restricted Stock Award Agreement (Cass Information Systems Inc)

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Authority to Receive Payments. Any amount payable to or for the benefit of a minor, an incompetent person or other person incapable of receipting receiving such payments therefore shall be deemed paid when paid to the conservator of such person’s 's estate or to the party providing or reasonably appearing to provide for the care of such person, and such payment shall fully discharge the Company, Cass and members of the Committee and the Board with respect thereto.

Appears in 1 contract

Samples: Cass Information Systems Inc

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