Distributions To Minors And Individuals Who Are Legally Incompetent. Benefits payable to either a minor or an individual who has been declared legally incompetent shall be paid, at the direction of the conservator appointed either under a court order or applicable state law that permits such an individual to be a court appointed guardian for the benefit of said minor or incompetent.
Appears in 9 contracts
Samples: Defined Contribution Plan, Defined Contribution Plan, Defined Contribution Plan (1st Constitution Bancorp)
Distributions To Minors And Individuals Who Are Legally Incompetent. Benefits payable to either a minor or an individual who has been declared legally incompetent shall be paid, at the direction of the conservator appointed either under a court order or applicable state law that which permits such an individual to be a court appointed guardian for the benefit of said minor or incompetent.
Appears in 4 contracts
Samples: Defined Contribution Plan (FNB United Corp.), 401(k) Defined Contribution Plan (Measurement Specialties Inc), Defined Contribution Plan (United Community Bancorp)
Distributions To Minors And Individuals Who Are Legally Incompetent. Benefits payable to either a minor or an individual who has been declared legally incompetent shall be paid, paid at the direction of the conservator appointed either under a court order or applicable state law that permits such an individual to be a court appointed guardian for the benefit of said minor or incompetent.
Appears in 2 contracts
Samples: Savings and Investment Plan Document (Sterling Chemicals Inc), Adoption Agreement (Sterling Chemicals Inc)