Identity. If, at any time, any doubt exists as to the identity of any person entitled to any payment hereunder or the amount or time of such payment, the Administrator shall be entitled to hold such sum until such identity or amount or time is determined or until an order of a court of competent jurisdiction is obtained. The Administrator shall also be entitled to pay such sum into court in accordance with the appropriate rules of law. Any expenses incurred by the Employer, Administrator, and Trust incident to such proceeding or litigation shall be charged against the Account of the affected Participant.
Appears in 6 contracts
Samples: Nonqualified Deferred Compensation Plan (Uwharrie Capital Corp), Nonqualified Deferred Compensation Plan (Uwharrie Capital Corp), Nonqualified Deferred Compensation Plan (Uwharrie Capital Corp)
Identity. If, at any time, any doubt exists as to the identity of any person entitled to any payment hereunder or the amount or time of such payment, the Administrator shall be entitled to hold such sum until such identity or amount or time is determined or until an order of a court of competent jurisdiction is obtained. The Administrator shall also be entitled to pay such sum into court in accordance with the appropriate rules of law. Any expenses incurred by the Employer, Administrator, and Trust Employer or Administrator incident to such proceeding or litigation shall be charged against the Account SERP Benefit of the affected Participant.
Appears in 5 contracts
Samples: Participation Agreement (Northeast Community Bancorp Inc), Participation Agreement (Polonia Bancorp), Participation Agreement (Polonia Bancorp)
Identity. If, at any time, any doubt exists as to the identity of any person entitled to any payment hereunder or the amount or time of such payment, the Administrator shall be entitled to hold such sum until such identity or amount or time is determined or until an order of a court of competent jurisdiction is obtained. The Administrator shall also be entitled to pay such sum into court in accordance with the appropriate rules of law. Any expenses incurred by the Employer, Administrator, and Trust Employer or Administrator incident to such proceeding or litigation shall be charged against the Account SERP Benefits of the affected Participant.
Appears in 4 contracts
Samples: Participation Agreement (First United Corp/Md/), Participation Agreement (First United Corp/Md/), Participation Agreement (First United Corp/Md/)
Identity. If, at any time, any doubt exists as to the identity of any person entitled to any payment hereunder or the amount or time of such payment, the Administrator shall be entitled to hold such sum until such identity or amount or time is determined or until an order of a court of competent jurisdiction is obtained. The Administrator shall also be entitled to pay such sum into court in accordance with the appropriate rules of law. Any expenses incurred by the Employer, Administrator, and Trust Employer or Administrator incident to such proceeding or litigation shall be charged against the Account benefits of the affected Participant.
Appears in 2 contracts
Samples: Defined Contribution Serp Agreement (First United Corp/Md/), Serp Alternative Participation Agreement (First United Corp/Md/)
Identity. If, at any time, any doubt exists as to the identity of any person entitled to any payment hereunder or the amount or time of such payment, the Administrator shall be entitled to hold such sum until such identity or amount or time is determined or until an order of a court of competent jurisdiction is obtained. The Administrator shall also be entitled to pay such sum into court in accordance with the appropriate rules of law. Any expenses incurred by the Employer, Administrator, and Trust company or the Administrator incident to such proceeding or litigation shall be charged against the Account of the affected Participant.
Appears in 1 contract
Samples: Employment Agreement (Penseco Financial Services Corp)
Identity. If, at any time, any doubt exists as to the identity of any person entitled to any payment hereunder or the amount or time of such payment, the Administrator shall be entitled to hold such sum until such identity or amount or time is determined or until an order of a court of competent jurisdiction is obtained. The Administrator shall also be entitled to pay such sum into court in accordance with the appropriate rules of law. Any expenses incurred by the Employer, Administrator, and Trust Employer or Administrator incident to such proceeding or litigation shall be charged against the Account Defined Benefits of the affected Participant.
Appears in 1 contract
Identity. If, If at any time, any doubt exists as to the identity of any person entitled to any payment hereunder or the amount or time of such payment, the Administrator shall be entitled to hold such sum until such identity or amount or time is determined or until an order of a court of competent jurisdiction is obtained. The Administrator shall also be entitled to pay such sum into court in accordance with the appropriate rules of law. Any expenses incurred by the Employer, Administrator, and Trust Employer or Administrator incident to such proceeding or litigation shall be charged against the Account SERP Benefit of the affected Participant.
Appears in 1 contract
Samples: Supplemental Executive Retirement Plan Participation Agreement (Cardinal Bankshares Corp)
