Common use of Facility of Payment Clause in Contracts

Facility of Payment. If a benefit is payable to a minor, to a person declared incompetent, or to a person incapable of handling the disposition of his or her property, the Company may pay such benefit to the guardian, legal representative or person having the care or custody of such minor, incompetent person or incapable person. The Company may require proof of incompetence, minority or guardianship as it may deem appropriate prior to distribution of the benefit. Such distribution shall completely discharge the Company from all liability with respect to such benefit.

Appears in 230 contracts

Samples: Director Retirement Agreement, Director Retirement Agreement, Phantom Stock Agreement (BSB Bancorp, Inc.)

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Facility of Payment. If a benefit is payable to a minor, to a person declared incompetentincapacitated, or to a person incapable of handling the disposition of his or her property, the Company may pay such benefit to the guardian, legal representative or person having the care or custody of such minor, incompetent incapacitated person or incapable person. The Company may require proof of incompetenceincapacity, minority or guardianship as it may deem appropriate prior to distribution of the benefit. Such distribution shall completely discharge the Company from all liability with respect to such benefit.

Appears in 112 contracts

Samples: Salary Continuation Agreement (Codorus Valley Bancorp Inc), Salary Continuation Agreement (Codorus Valley Bancorp Inc), Salary Continuation Agreement (Codorus Valley Bancorp Inc)

Facility of Payment. If a benefit is payable to a minor, to a person declared incompetentincapacitated, or to a person incapable of handling the disposition of his or her property, the Company Employer may pay such benefit to the guardian, legal representative representative, or person having the care or custody of such the minor, incompetent person incapacitated person, or incapable person. The Company Employer may require proof of incompetenceincapacity, minority minority, or guardianship as it may deem appropriate prior to before distribution of the benefit. Such distribution Distribution shall completely discharge the Company Employer from all liability with respect to such for the benefit.

Appears in 36 contracts

Samples: Supplemental Executive Retirement Plan Agreement (Eagle Bancorp Inc), Supplemental Executive Retirement Plan Agreement (Eagle Bancorp Inc), Supplemental Executive Retirement Plan Agreement

Facility of Payment. If a benefit is payable to a minor, to a person declared incompetent, or to a person incapable of handling the disposition of his or her property, the Company may pay such benefit to the guardian, legal representative or person having the care or custody of such minor, incompetent person or incapable person. The Company may require proof of incompetenceincompetency, minority or guardianship as it may deem appropriate prior to distribution of the benefit. Such distribution shall completely discharge the Company from all liability with respect to such benefit.

Appears in 34 contracts

Samples: Director Deferred Fee Agreement (Ohio Valley Banc Corp), Phantom Stock Appreciation Rights Agreement (Standard Financial Corp.), Phantom Stock Appreciation Rights Agreement (Standard Financial Corp.)

Facility of Payment. If a benefit is payable to a minor, to a person declared incompetent, or to a person incapable of handling the disposition of his or her property, the Company Bank may pay such benefit to the guardian, legal representative representative, or person having the care or custody of such minor, incompetent person person, or incapable person. The Company Bank may require proof of incompetence, minority minority, or guardianship as it may deem appropriate prior to distribution of the benefit. Such distribution shall completely discharge the Company Bank from all liability with respect to such benefit.

Appears in 16 contracts

Samples: Executive Survivor Income Agreement (Middlefield Banc Corp), Director Elective Income Deferral Agreement (Bank of Wilmington CORP), Director Elective Income Deferral Agreement (Bank of Wilmington CORP)

Facility of Payment. If a benefit is payable to a minor, to a person declared incompetent, or to a person incapable of handling the disposition of his or her property, the Company may pay such benefit to the guardian, legal representative or person having the care or custody of such minor, incompetent person or incapable person. The Company may require proof of incompetenceincapacity, minority or guardianship as it may deem appropriate prior to distribution of the benefit. Such distribution shall completely discharge the Company from all liability with respect to such benefit.

Appears in 15 contracts

Samples: Salary Continuation Agreement (Temecula Valley Bancorp Inc), Salary Continuation Agreement (Temecula Valley Bancorp Inc), Salary Continuation Agreement (Temecula Valley Bancorp Inc)

Facility of Payment. If a benefit is payable to a minor, to a person declared incompetent, incompetent or to a person incapable of handling the disposition of his or her property, the Company may pay such benefit to the guardian, legal representative or person having the care or custody of such minor, incompetent incapacitated person or incapable person. The Company may require proof of incompetence, minority or guardianship as it may deem appropriate prior to distribution of the benefit. Such distribution shall completely discharge the Company from all liability with respect to such benefit.

Appears in 11 contracts

Samples: Director Retirement Agreement (Oak Valley Bancorp), Director Retirement Agreement (Efc Bancorp Inc), Director Retirement Agreement (Efc Bancorp Inc)

Facility of Payment. If a benefit is payable to a minor, to a person declared incompetentincapacitated, or to a person incapable of handling the disposition of his or her property, the Company may pay such benefit to the guardian, legal representative representative, or person having the care or custody of such the minor, incompetent person incapacitated person, or incapable person. The Company may require proof of incompetenceincapacity, minority minority, or guardianship as it may deem appropriate prior to before distribution of the benefit. Such distribution Distribution shall completely discharge the Company from all liability with respect to such for the benefit.

Appears in 7 contracts

Samples: Director Retirement Agreement (Cortland Bancorp Inc), Director Retirement Agreement (Cortland Bancorp Inc), Director Retirement Agreement (Cortland Bancorp Inc)

Facility of Payment. If a benefit is payable to a minor, to a person declared incompetentincapacitated, or to a person incapable of handling the disposition of his or her property, the Company may pay such benefit to the guardian, legal representative representative, or person having the care or custody of such minor, incompetent person incapacitated person, or incapable person. The Company may require proof of incompetenceincapacity, minority minority, or guardianship as it may deem appropriate prior to distribution of the benefit. Such distribution shall completely discharge the Company from all liability with respect to such benefit.

Appears in 7 contracts

Samples: Salary Continuation Agreement (Consumers Bancorp Inc /Oh/), Salary Continuation Agreement (Consumers Bancorp Inc /Oh/), Salary Continuation Agreement (Consumers Bancorp Inc /Oh/)

Facility of Payment. If a benefit is payable to a minor, to a person declared incompetentincapacitated, or to a person incapable of handling the disposition of his or her property, the Company may pay such benefit to the guardian, legal representative representative, or person having the care or custody of such the minor, incompetent person incapacitated person, or incapable person. The Company may require proof of incompetenceincapacity, minority minority, or guardianship as it may deem appropriate prior to before distribution of the benefit. Such Full distribution shall completely discharge the Company from all liability with respect to such for the benefit.

Appears in 6 contracts

Samples: Salary Continuation Agreement (Capital Corp of the West), Salary Continuation Agreement (Capital Corp of the West), Salary Continuation Agreement (Capital Corp of the West)

Facility of Payment. If a benefit is payable to a minor, to a person declared incompetent, incapacitated or to a person incapable of handling the disposition of his or her property, the Company may pay such benefit to the guardian, legal representative or person having the care or custody of such minor, incompetent incapacitated person or incapable person. The Company may require proof of incompetenceincapacity, minority or guardianship as it may deem appropriate prior to distribution of the benefit. Such benefit such distribution shall completely discharge the Company from all liability with respect to such benefit.

Appears in 5 contracts

Samples: Director Retirement Agreement (Cortland Bancorp Inc), Director Retirement Agreement (Cortland Bancorp Inc), Director Retirement Agreement (Cortland Bancorp Inc)

Facility of Payment. If a benefit is payable to a minor, to a person declared incompetentincapacitated, or to a person incapable of handling the disposition of his or her property, the Company may pay such benefit to the guardian, legal representative representative, or person having the care or custody of such the minor, incompetent person incapacitated person, or incapable person. The Company may require proof of incompetenceincapacity, minority minority, or guardianship as it may deem appropriate prior to before distribution of the benefit. Such distribution Distribution of the total benefit due the Director shall completely discharge the Company from all liability with respect to such for the benefit.

Appears in 5 contracts

Samples: Director Elective Income Deferral Agreement (Capital Corp of the West), Director Elective Income Deferral Agreement (Capital Corp of the West), Director Elective Income Deferral Agreement (Capital Corp of the West)

Facility of Payment. If a benefit is payable to a minor, to a person declared incompetent, or to a person incapable of handling the disposition of his or her property, property the Company may pay such benefit to the guardian, legal representative or person having the care or custody of such minor, incompetent person or incapable person. The Company may require proof of incompetence, minority or guardianship as it may deem appropriate prior to distribution of the benefit. Such distribution shall completely discharge the Company from all liability with respect to such benefit.

Appears in 5 contracts

Samples: Director Deferred Compensation Agreement (First Georgia Community Corp), Deferred Compensation Agreement (Banc Corp), Director Revenue Neutral Retirement Agreement (Orrstown Financial Services Inc)

Facility of Payment. If a benefit is payable to a minor, to a person declared incompetent, or to a person incapable of handling the disposition of his or her property, the Company may pay such benefit to the guardian, legal representative or person having the care or custody of such minor, incompetent person or incapable person. The Company may require proof of incompetence, minority or guardianship guardianship, as it may deem appropriate prior to distribution of the benefit. Such distribution shall completely discharge the Company from all liability with respect to such benefit.

Appears in 4 contracts

Samples: Executive Incentive Retirement Agreement (Smithtown Bancorp Inc), Executive Incentive Retirement Agreement (Smithtown Bancorp Inc), Executive Supplemental Retirement Plan (Community Valley Bancorp)

Facility of Payment. If a benefit is payable to a minor, to a person declared incompetentincapacitated, or to a person incapable of handling the disposition of his or her property, the Company may pay such benefit to the guardian, legal representative or person having the care or custody of such minor, incompetent incapacitated person or incapable person. The Company may require proof of incompetenceincapacity, minority or guardianship guardianship, as it may deem appropriate prior to distribution of the benefit. Such distribution shall completely discharge the Company from all liability with respect to such benefit.

Appears in 4 contracts

Samples: Supplemental Executive Retirement Plan Agreement (Lakeland Bancorp Inc), Supplemental Executive Retirement Plan Agreement (Lakeland Bancorp Inc), Supplemental Executive Retirement Plan Agreement (Lakeland Bancorp Inc)

Facility of Payment. If a benefit is payable to a minor, to a person declared incompetent, or to a person incapable of handling the disposition of his or her property, the Company Bank may pay such benefit to the guardian, legal representative representative, or person having the care or custody of such minor, incompetent person or incapable person. The Company Bank may require proof of incompetence, minority minority, or guardianship as it may deem appropriate prior to before distribution of the benefit. Such distribution shall completely discharge the Company Bank from all liability with respect to for such benefit.

Appears in 3 contracts

Samples: Executive Survivor Income Agreement (Quaint Oak Bancorp Inc), Executive Survivor Income Agreement (Quaint Oak Bancorp Inc), Employee Survivor Income Agreement (Quaint Oak Bancorp Inc)

Facility of Payment. If a benefit is payable to a minor, to a person declared incompetentincapacitated, or to a person incapable of handling the disposition of his or her property, the Company Corporation may pay such benefit to the guardian, legal representative or person having the care or custody of such minor, incompetent incapacitated person or incapable person. The Company Corporation may require proof of incompetenceincapacity, minority or guardianship as it may deem appropriate prior to distribution of the benefit. Such distribution shall completely discharge the Company Corporation from all liability with respect to such benefit.

Appears in 3 contracts

Samples: Director Retirement Agreement (Esb Financial Corp), Director Retirement Agreement (Esb Financial Corp), Director Retirement Agreement (Esb Financial Corp)

Facility of Payment. If a benefit is payable to a minor, to a person declared incompetent, or to a person incapable of handling the disposition of his or her property, the Company Bank may pay such benefit to the guardian, legal representative or person having the care or custody of such minor, minor incompetent person or incapable person. The Company Bank may require proof of incompetence, minority or guardianship as it may deem appropriate prior to distribution of the benefit. Such distribution shall completely discharge the Company Bank from all liability with respect to such benefit.

Appears in 3 contracts

Samples: Salary Continuation Agreement (High Point Financial Corp), Salary Continuation Agreement (High Point Financial Corp), Salary Continuation Agreement (High Point Financial Corp)

Facility of Payment. If a benefit is payable to a minor, to a person declared incompetentincapacitated, or to a person incapable of handling the disposition of his or her property, the Company may pay such benefit to the guardian, conservator, legal representative or person having the care or custody of such minor, incompetent incapacitated person or incapable person. The Company may require proof of incompetenceincapacity, minority or guardianship as it may deem appropriate prior to distribution of the benefit. Such distribution shall completely discharge the Company from all liability with respect to such benefit.

Appears in 3 contracts

Samples: Salary Continuation Agreement (First South Bancorp Inc), Salary Continuation Agreement (First South Bancorp Inc), Salary Continuation Agreement (First South Bancorp Inc)

Facility of Payment. If a benefit is payable to a minor, to a person declared incompetentincapacitated, or to a person incapable of handling the disposition of his or her property, the Company Employer may pay such benefit to the guardian, legal representative or person having the care or custody of such minor, incompetent incapacitated person or incapable person. The Company Employer may require proof of incompetenceincapacity, minority or guardianship as it may deem appropriate prior to distribution of the benefit. Such distribution shall completely discharge the Company Employer from all liability with respect to such benefit.

Appears in 3 contracts

Samples: Supplemental Executive Retirement Agreement (Midwest Banc Holdings Inc), Supplemental Executive Retirement Agreement (Midwest Banc Holdings Inc), Supplemental Executive Retirement Agreement (Midwest Banc Holdings Inc)

Facility of Payment. If a benefit is payable to a minor, to a person declared incompetent, or to a person incapable of handling the disposition of his or her property, the Company may pay or distribute such benefit to the guardian, legal representative or person having the care or custody of such minor, incompetent person or incapable person. The Company may require proof of incompetence, minority or guardianship as it may deem appropriate prior to distribution of the benefit. Such distribution shall completely discharge the Company from all liability with respect to such benefit.

Appears in 3 contracts

Samples: Executive Nonqualified Deferred Compensation Agreement (Lithia Motors Inc), Deferred Restricted Stock Grant Agreement (Umpqua Holdings Corp), Outside Director Nonqualified Deferred Compensation Agreement (Lithia Motors Inc)

Facility of Payment. If a benefit is payable to a minor, ,to a person declared incompetent, or to a person incapable of handling the disposition of his or her property, the Company may pay such benefit to the guardian, legal representative or person having the care or custody of such minor, incompetent person or incapable person. The Company may require proof of incompetence, minority or guardianship as it may deem appropriate prior to distribution of the benefit. Such distribution shall completely discharge the Company from all liability with respect to such benefit.

Appears in 2 contracts

Samples: Salary Continuation Agreement (Fulton Bancshares Corp), Salary Continuation Agreement (Fulton Bancshares Corp)

Facility of Payment. If a benefit is payable to a minor, to a minor or person declared incompetent, incompetent or to a person incapable of handling the disposition of his or her property, the Company may pay such benefit to the guardian, legal representative or person having the care or custody of such minor, incompetent person or incapable person. The Company may require proof of incompetence, minority or guardianship guardianship, as it may deem appropriate prior to distribution of the benefit. Such distribution shall completely discharge the Company from all liability with respect to such benefit.

Appears in 2 contracts

Samples: Supplemental Executive Retirement Deferred Compensation Agreement (Possis Medical Inc), Supplemental Executive Retirement Deferred Compensation Agreement (Possis Medical Inc)

Facility of Payment. If a the benefit is payable to a minor, to a ------------------- person declared incompetentincapacitated, or to a person incapable of handling the disposition of his or her property, the Company may pay such benefit to the guardian, legal representative or person having the care or custody of such minor, incompetent incapacitated person or incapable person. The Company may require proof of incompetenceincapacity, minority or guardianship as it may deem appropriate prior to distribution of the benefit. Such distribution shall completely discharge the Company from all liability with respect to such benefit.

Appears in 2 contracts

Samples: Salary Continuation Agreement (United Panam Financial Corp), Salary Continuation Agreement (United Panam Financial Corp)

Facility of Payment. If a benefit is payable to a beneficiary who is a minor, to a person declared incompetent, or to a person incapable of handling the disposition of his or her property, the Company may pay such benefit to the guardian, legal representative or person having the care or custody of such minor, incompetent person or incapable person. The Company may require proof of incompetenceincompetency, minority or guardianship as it may deem appropriate prior to distribution of the benefit. Such distribution shall completely discharge the Company from all liability with respect to such benefit.

Appears in 2 contracts

Samples: Supplemental Executive Retirement Plan Agreement (Sunshine Bancorp, Inc.), Supplemental Executive Retirement Plan Agreement (Sunshine Bancorp, Inc.)

Facility of Payment. If a benefit is payable to a minor, to a person declared incompetent, or to a person incapable of handling the disposition of his or her property, the Company may pay such benefit to the guardian, legal representative or person having the care or custody of such minor, incompetent person or incapable person. The Company may require proof of incompetenceincompetency, minority or guardianship as it may deem appropriate prior to the distribution of the benefit. Such distribution shall completely discharge the Company from all liability with respect to such benefit.

Appears in 2 contracts

Samples: Salary Continuation Agreement (Firstbank Corp/Id), Salary Continuation Agreement (Firstbank Corp/Id)

Facility of Payment. If a benefit is payable to a minor, to a person declared incompetent, or to a person incapable of handling the disposition of his or her property, the Company may pay such benefit to the guardian, legal representative or person having the care or custody of such minor, incompetent incapacitated person or incapable person. The Company may require proof of incompetence, minority or guardianship as it may deem appropriate prior to distribution of the benefit. Such distribution shall completely discharge the Company from all liability with respect to such benefit.

Appears in 2 contracts

Samples: Salary Continuation Agreement (Oak Valley Bancorp), Salary Continuation Agreement (Oak Valley Bancorp)

Facility of Payment. If a benefit is payable to a minor, to a person declared incompetent, or to a person incapable of handling the disposition of his or her property, the Company may pay such benefit to the guardian, conservator, legal representative or person having the care or custody of such minor, incompetent person or incapable person. The Company may require proof of incompetence, minority or guardianship as it may deem appropriate prior to distribution of the benefit. Such distribution shall completely discharge the Company from all liability with respect to such benefit.

Appears in 2 contracts

Samples: Salary Continuation Agreement (Peoples Bancorporation Inc /Sc/), Salary Continuation Agreement (Peoples Bancorporation Inc /Sc/)

Facility of Payment. If a benefit is payable to a minor, to a person declared incompetent, or to a person incapable of handling the disposition of his or her property, the Company Employer may pay such benefit to the guardian, legal representative or person having the care or custody of such minor, incompetent person or incapable person. The Company Employer may require proof of incompetence, minority or guardianship as it may deem appropriate prior to distribution of the benefit. Such distribution shall completely discharge the Company Employer from all liability with respect to such benefit.

Appears in 1 contract

Samples: Non Qualified Supplemental Executive Retirement Plan (QCR Holdings Inc)

Facility of Payment. If a benefit is payable Payable to a minor, to a person declared incompetent, incapacitated or to a person incapable of handling the disposition of his or her property, the Company may pay such benefit to the guardian, legal representative or person having the care or custody of such minor, incompetent incapacitated person or incapable person. , The Company may require proof of incompetenceincapacity, minority or guardianship guardianship, as it may deem appropriate prior to distribution of the benefit. Such distribution shall completely discharge the Company from all liability with respect to such benefit.

Appears in 1 contract

Samples: Salary Continuation Agreement (Fidelity Federal Bancorp)

Facility of Payment. If a benefit is payable to a minor, to a person declared incompetent, or to a person incapable of handling the disposition of his or her property, the Company may pay such benefit to the guardian, legal representative or person having the care or custody of such minor, incompetent person or incapable person. The Company may require proof of incompetence, minority or guardianship as it may deem appropriate prior to distribution of the benefit. Such distribution shall completely discharge the Company from all liability with respect to such benefit.

Appears in 1 contract

Samples: Salary Continuation Agreement (Southern Community Bancorp)

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Facility of Payment. If a benefit is payable to a minor, to a person declared incompetent, or to a person incapable of handling the disposition of his or her property, the Company may pay such benefit benefits to the guardian, legal representative or person having the care or custody of such minor, incompetent person or incapable person. The Company may require proof of incompetence, minority or guardianship as it may deem appropriate prior to distribution of the benefit. Such distribution shall completely discharge the Company from all liability with respect to such benefit.

Appears in 1 contract

Samples: Director Deferred Fee Agreement (First Community Bancshares Inc /In)

Facility of Payment. If a benefit is payable to a minor, to a person declared incompetent, or to a person incapable of handling the disposition of his or her property, the Company may pay such benefit to the guardian, legal representative or person having the care or custody of such minor, incompetent person or incapable person. The Company may require proof of incompetence, minority or guardianship as it may deem appropriate prior to distribution of the benefit. Such distribution shall completely discharge the Company from all liability with respect to such benefit.of

Appears in 1 contract

Samples: Director Deferred Fee Agreement (Valley National Corp /De/)

Facility of Payment. If a benefit is payable to a minor, to a person declared incompetent, incompetent or to a person incapable of handling the disposition of his or her property, the Company may pay such benefit to the guardian, legal representative or person having the care or custody of such minor, incompetent person or incapable person. The Company may require proof of incompetenceincompetency, minority or guardianship as it may deem appropriate prior to distribution of the benefit. Such distribution shall completely discharge the Company from all liability with respect to such benefit.

Appears in 1 contract

Samples: Survivor Income Agreement (Fulton Bancshares Corp)

Facility of Payment. If a benefit is payable to a minor, to a person declared incompetent, or to a person incapable of handling the disposition of his or her property, the Company Bank may pay such benefit to the guardian, legal representative representative, or person having the care or custody of such minor, incompetent person person, or incapable person. The Company Bank may require proof of incompetence, minority minority, or guardianship as it may deem appropriate prior to before distribution of the benefit. Such distribution shall completely discharge the Company Bank from all liability with respect to for such benefit.

Appears in 1 contract

Samples: Executive Survivor Income Agreement (Western Sierra Bancorp)

Facility of Payment. If a benefit payable is payable to a minor, to a person declared incompetent, or to a person incapable of handling the disposition of his or her property, the Company may pay such benefit to the guardian, legal representative or person having the care or custody of such minor, incompetent person or incapable person. The Company may require proof of incompetenceincompetency, minority or guardianship as it may deem appropriate prior to distribution of the benefit. Such distribution shall completely discharge the Company from all liability with respect to such benefit.

Appears in 1 contract

Samples: Deferred Compensation Agreement (Southern Michigan Bancorp Inc)

Facility of Payment. If a benefit is payable to a minor, to a person declared incompetent, or to a person incapable of handling the disposition of his or her property, the Company may pay such benefit to the guardian, legal representative or person having the care or custody of such minor, incompetent person or incapable person. The Company company may require proof of incompetenceincompetency, minority or guardianship as it may deem appropriate prior to distribution of the benefit. Such distribution shall completely discharge the Company from all liability with respect to such benefit.

Appears in 1 contract

Samples: Survivor Income Agreement (East Ridge Bancshares Inc)

Facility of Payment. If a benefit is payable to a minor, to a person declared incompetentincapacitated, or to a person incapable of handling the disposition of his or her property, the Company may pay such the benefit to the guardian, legal representative representative, or person having the care or custody of such the minor, incompetent person incapacitated person, or incapable person. The Company may require proof of incompetenceincapacity, minority minority, or guardianship as it may deem appropriate prior to before distribution of the benefit. Such distribution Distribution shall completely discharge the Company from all liability with respect to such for the benefit.

Appears in 1 contract

Samples: Director Retirement Agreement (Cortland Bancorp Inc)

Facility of Payment. If a benefit is payable to a minor, to a person declared incompetent, or to a person incapable of handling the disposition of his or her property, the Company may pay such benefit to the guardian, legal representative or person having the care or custody of such minor, incompetent person or incapable person. The Company may require proof of or incompetence, minority or guardianship as it may deem appropriate prior to distribution of the benefit. Such distribution shall completely discharge the Company from all liability with respect to such benefit.

Appears in 1 contract

Samples: Director Deferred Fee Agreement (Valley National Corp /De/)

Facility of Payment. If a benefit is payable to a minor, to a person declared incompetent, or to a person incapable of handling the disposition of his or her property, the Company may pay such benefit to the guardian, legal representative or person having the care or custody of such minor, incompetent person or incapable person. The Company may require proof of incompetence, minority or guardianship as it may deem appropriate prior to the distribution of the benefit. Such distribution shall completely discharge the Company from all liability with respect to such benefit.

Appears in 1 contract

Samples: Executive Deferred Compensation Agreement (ISB Financial Corp.)

Facility of Payment. If if a benefit is payable to a minor, to a person declared incompetent, or to a person incapable of handling the disposition of his or her property, the Company may pay such benefit to the guardian, legal representative or person having the care or custody of such minor, incompetent person or incapable person. The Company may require proof of incompetenceincompetency, minority or guardianship as it may deem appropriate prior to distribution of the benefit. Such distribution shall completely discharge the Company from all liability with respect to such benefit.

Appears in 1 contract

Samples: Deferred Fee Agreement (Harvard Illinois Bancorp, Inc.)

Facility of Payment. If a benefit is payable to a minor, to a person declared incompetentincapacitated, or to a person incapable of handling the disposition of his or her property, the Company may pay such benefit to the guardianguardian , legal representative or person having the care or custody of such minor, incompetent incapacitated person or incapable person. The Company may require proof of incompetenceincapacity, minority or guardianship as it may deem appropriate prior to distribution of the benefit. Such distribution shall completely discharge the Company from all liability with respect to such benefit.

Appears in 1 contract

Samples: Salary Continuation Agreement (Orrstown Financial Services Inc)

Facility of Payment. If a benefit is payable to a minor, to a person declared incompetent, incapacitated or to a person incapable of handling the disposition of his or her property, the Company may pay such benefit to the guardian, legal representative or person having the care or custody of such minor, incompetent incapacitated person or incapable person. The Company may require proof of incompetenceincapacity, minority or guardianship as it may deem appropriate prior to distribution of the benefit. Such distribution shall completely discharge the Company from all liability with respect to such benefit.

Appears in 1 contract

Samples: Director Retirement Agreement (Cortland Bancorp Inc)

Facility of Payment. If a benefit is payable to a minor, to a person declared incompetent, or to a person incapable of handling the disposition of his or her property, property the Company may pay such benefit to the guardian, legal representative or person having the care or of custody of such minor, incompetent person or incapable person. The Company may require proof of incompetence, minority or guardianship as it may deem appropriate prior to distribution of the benefit. Such distribution shall completely discharge the Company company from all liability with respect to such benefit.

Appears in 1 contract

Samples: Director Deferred Fee Agreement (Community Valley Bancorp)

Facility of Payment. If a benefit is payable to a minor, to a person declared incompetent, or of to a person incapable of handling the disposition of his or her property, the Company may pay such benefit to the guardian, legal representative or person having the care or custody of such minor, incompetent person or incapable person. The Company may require proof of incompetenceincompetency, minority or guardianship as it may deem appropriate prior to distribution of the benefit. Such distribution shall completely discharge the Company from all liability with respect to such benefit.

Appears in 1 contract

Samples: Salary Continuation Agreement (Valley National Corp /De/)

Facility of Payment. If a benefit is payable to a minor, to a person declared incompetent, or to a person incapable of handling the disposition of his or her property, the Company may pay such benefit to the guardian, legal representative representative, or person having the care or custody of such minor, incompetent person person, or incapable person. The Company may require proof of incompetence, minority minority, or guardianship as it may deem appropriate prior to distribution of the benefit. Such distribution shall completely discharge the Company from all liability with respect to such benefit.

Appears in 1 contract

Samples: Deferred Compensation Agreement (Champion Communication Services Inc)

Facility of Payment. If a benefit is payable to a minor, to a person declared incompetent, or to a person incapable of handling the disposition of his or her property, the Company may pay such benefit to the guardian, legal representative or person having the care or custody of such minor, incompetent person or incapable person. The Company may require proof of incompetenceincompetency, minority or guardianship as it may deem appropriate prior to distribution of the benefit. Such distribution shall completely discharge the Company from all liability with respect to such benefit.the

Appears in 1 contract

Samples: Director Agreement (Se Financial Corp)

Facility of Payment. If a benefit is payable to a minor, to a person declared incompetent, or to a person incapable of handling the disposition of his or her property, the Company may pay such benefit to the guardian, legal representative or person having the care or custody of such minor, incompetent person or incapable person. The Company may require proof of incompetence, minority or guardianship guardianship, as it may deem appropriate appropriate, prior to distribution of the benefit. Such distribution shall completely discharge the Company from all liability with respect to such benefit.

Appears in 1 contract

Samples: Salary Continuation Plan (East West Bancorp Inc)

Facility of Payment. If a benefit is payable to a minor, to a person declared incompetent, or to a person incapable of handling the disposition of his or her property, ; the Company may pay such benefit to the guardian, legal representative or person having the care or custody of such minor, incompetent person or incapable person. The Company may require proof of incompetenceincompetency, minority or guardianship as it may deem appropriate prior to distribution of the benefit. Such distribution shall completely discharge the Company from all liability with respect to such benefit.

Appears in 1 contract

Samples: Survivor Income Plan (Yardville National Bancorp)

Facility of Payment. If a benefit is payable to a minor, to a person declared incompetent, or to a person incapable of handling the disposition of his or her property, the Company may pay such benefit to the guardian, legal representative or person having the care or custody of such 5 minor, incompetent person or incapable person. The Company may require proof of incompetence, minority or guardianship as it may deem appropriate prior to distribution of the benefit. Such distribution shall completely discharge the Company from all liability with respect to such benefit.

Appears in 1 contract

Samples: Director Deferred Fee Agreement (Southern Michigan Bancorp Inc)

Facility of Payment. If a benefit is payable to a beneficiary who is minor, to a person declared incompetent, or to a person incapable of handling the disposition of his or her property, the Company may pay such benefit to the guardian, legal representative or person having the care or custody of such minor, incompetent person or incapable person. The Company may require proof of incompetence, minority or guardianship as it may deem appropriate prior to distribution of the benefit. Such distribution shall completely discharge the Company from all liability with respect to such benefit.

Appears in 1 contract

Samples: Director Deferred Compensation Agreement (HCSB Financial Corp)

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