Common use of Facility of Distribution Clause in Contracts

Facility of Distribution. If the Plan Administrator determines in its discretion that a benefit is to be distributed to a minor, to a person declared incompetent or to a person incapable of handling the disposition of that person’s property, the Plan Administrator may direct distribution of such benefit to the guardian, legal representative or person United Labor Bank, F.S.B. Performance Driven Plan having the care or custody of such minor, incompetent person or incapable person. The Plan Administrator may require proof of incompetence, minority or guardianship as it may deem appropriate prior to distribution of the benefit. Any distribution of a benefit shall be a distribution for the account of the Participant and the Beneficiary, as the case may be, and shall completely discharge any liability under this Agreement for such distribution amount.

Facility of Distribution. If the Plan Administrator determines in its discretion that a benefit is to be distributed to a minor, to a person declared incompetent incompetent, or to a person incapable of handling the disposition of that person’s property, the Plan Administrator may direct THE NATIONAL UNION BANK OF KINDERHOOK Phantom Stock Appreciation Rights Agreement distribution of such benefit to the guardian, legal representative or person United Labor Bank, F.S.B. Performance Driven Plan having the care or custody of such minor, incompetent person or incapable person. The Plan Administrator may require proof of incompetence, minority or guardianship as it may deem appropriate prior to distribution of the benefit. Any distribution of a benefit shall be a distribution for the account of the Participant Director and the Director’s Beneficiary, as the case may be, and shall completely be a complete discharge of any liability under this the Agreement for such distribution amount.

Facility of Distribution. If the Plan Administrator determines in its discretion that a benefit is to be distributed to a minor, to a person declared incompetent incompetent, or to a person incapable of handling the disposition of that person’s property, the Plan Administrator may direct distribution of such benefit to the guardian, legal representative or person United Labor Bank, F.S.B. Performance Driven Plan having the care or custody of such minor, incompetent person or incapable person. The Plan Administrator may require proof of XXXXXX XXXXXXXXXXXX Supplemental Executive Retirement Agreement incompetence, minority or guardianship as it may deem appropriate prior to distribution of the benefit. Any distribution of a benefit shall be a distribution for the account of the Participant Executive and the Executive’s Beneficiary, as the case may be, and shall completely be a complete discharge of any liability under this the Agreement for such distribution amount.

Facility of Distribution. If the Plan Administrator determines in its discretion that a benefit is to be distributed to a minor, to a person declared incompetent or to a person incapable of handling the disposition of that person’s property, the Plan Administrator United Labor Bank, F.S.B. Performance Driven Plan may direct distribution of such benefit to the guardian, legal representative or person United Labor Bank, F.S.B. Performance Driven Plan having the care or custody of such minor, incompetent person or incapable person. The Plan Administrator may require proof of incompetence, minority or guardianship as it may deem appropriate prior to distribution of the benefit. Any distribution of a benefit shall be a distribution for the account of the Participant and the Beneficiary, as the case may be, and shall completely discharge any liability under this Agreement for such distribution amount.

Facility of Distribution. If the Plan Administrator determines in its discretion that a benefit is to be distributed to a minor, to a person declared incompetent incompetent, or to a person incapable of handling the disposition of that person’s property, the Plan Administrator may direct distribution of such benefit to the guardian, legal representative or person United Labor Bank, F.S.B. Performance Driven Plan XXXXXX GRILL Supplemental Executive Retirement Agreement having the care or custody of such minor, incompetent person or incapable person. The Plan Administrator may require proof of incompetence, minority or guardianship as it may deem appropriate prior to distribution of the benefit. Any distribution of a benefit shall be a distribution for the account of the Participant Executive and the Executive’s Beneficiary, as the case may be, and shall completely be a complete discharge of any liability under this the Agreement for such distribution amount.

Facility of Distribution. If the Plan Administrator determines in its discretion that a benefit is to be distributed to a minor, to a person declared incompetent incompetent, or to a person incapable of handling the disposition of that person’s property, the Plan Administrator may direct distribution of such benefit to the guardian, legal representative or person United Labor Bank, F.S.B. Performance Driven Plan having the care or custody of such minor, incompetent person or incapable person. The WEST MICHIGAN COMMUNITY BANK Supplemental Executive Retirement Agreement Plan Administrator may require proof of incompetence, minority or guardianship as it may deem appropriate prior to distribution of the benefit. Any distribution of a benefit shall be a distribution for the account of the Participant Executive and the Executive’s Beneficiary, as the case may be, and shall completely be a complete discharge of any liability under this the Agreement for such distribution amount.