INCAPACITATED PERSONS Sample Clauses

INCAPACITATED PERSONS. The Trustees may by resolution direct payment of any benefits under the Plan payable to any incapacitated person to the legal guardian or committee of any such person, whose receipt will be a sufficient discharge to the Trustees. The Trustees are not bound to see to the application of any benefits so paid. The Trustees will establish a policy for the payment of benefits to minors or incapacitated persons and must specifically ensure that a trustee be appointed to receive the interest of any minor intended to receive any benefit under the Plan.
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INCAPACITATED PERSONS. 3 ARTICLE IV ---------- POWERS OF TRUSTEE -----------------
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INCAPACITATED PERSONS. In case any payment becomes payable to --------------------------------- a person under legal disability, or to a person not adjudicated incompetent but who by reason of illness or mental or physical disability is, in the opinion of the Committee, unable properly to administer such amounts, the payment may be made by the Trustee for the benefit of such person in such of the following ways as the Committee shall direct in writing: (a) to such person; (b) to the legal representative of such person; (c) to such person's spouse; or (d) to some relative of such person by blood or marriage.
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INCAPACITATED PERSONS. A contract entered into where one of the parties is incapable of giving consent to a contract is voidable (Art. 1390). If both parties are incapable of giving consent, the contract is unenforceable unless they are ratified (Art. 1403, 3).
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Related to INCAPACITATED PERSONS

  • Incapacitated Limited Partners If a Limited Partner is subject to Incapacity, the executor, administrator, trustee, committee, guardian, conservator or receiver of such Limited Partner's estate shall have all the rights of a Limited Partner, but not more rights than those enjoyed by other Limited Partners for the purpose of settling or managing the estate and such power as the Incapacitated Limited Partner possessed to transfer all or any part of its interest in the Partnership. The Incapacity of a Limited Partner, in and of itself, shall not dissolve or terminate the Partnership.

  • Incapacity If a Limited Partner is subject to Incapacity, the executor, administrator, trustee, committee, guardian, conservator or receiver of such Limited Partner’s estate shall have all the rights of a Limited Partner, but not more rights than those enjoyed by other Limited Partners, for the purpose of settling or managing the estate, and such power as the Incapacitated Limited Partner possessed to Transfer all or any part of its interest in the Partnership. The Incapacity of a Limited Partner, in and of itself, shall not dissolve or terminate the Partnership.

  • Illness injury, or pregnancy-related condition of a member of the employee’s immediate family where the employee’s presence is reasonably necessary for the health and welfare of the employee or affected family member;

  • Illness or Incapacity If, during any term of this Agreement, Executive shall become unable to perform his duties by reason of illness or incapacity, then Employer, may, at its option, terminate this Agreement. In such event, the notice period shall be not less than the applicable elimination period in any employee disability plan of the Employer in which Executive participates. It is agreed that the determination of illness or incapacity shall be made upon the basis of qualified medical evidence and if, during the notice period, Executive returns to work and is capable of carrying out his duties, then Employer's right to terminate for illness or incapacity is suspended.

  • Interested Persons It is understood that Trustees, officers, and shareholders of the Trust are or may be or become interested in the Advisor or the Sub-Advisor as directors, officers or otherwise and that directors, officers and stockholders of the Advisor or the Sub-Advisor are or may be or become similarly interested in the Trust, and that the Advisor or the Sub-Advisor may be or become interested in the Trust as a shareholder or otherwise.

  • Inability to Perform This Lease and the obligations of the Tenant hereunder shall not be affected or impaired because the Landlord is unable to fulfill any of its obligations hereunder or is delayed in doing so, if such inability or delay is caused by reason of strike, labor troubles, acts of God, or any other cause beyond the reasonable control of the Landlord.

  • Interested Person 2 (l) Investment Adviser.............................................. 2 (m) Series.......................................................... 2

  • Disabled If an employee becomes disabled with the result that he is unable to carry out the regular functions of his position, the Hospital may establish a special classification and salary with the hope of providing an opportunity of continued employment.

  • Permanent Disability Permanent Disability" shall mean Employee's physical or mental incapacity to perform his or her usual duties with such condition likely to remain continuously and permanently as determined by Employer.

  • Inability to Pay Any Borrower or any Guarantor shall admit in writing its inability, or be generally unable, to pay its debts as they become due or cease operations of its present business;

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