Common use of Incapacity; Death Clause in Contracts

Incapacity; Death. While the Executive is under a legal disability or, in the Trustee's opinion, in any way is incapacitated so as to be unable to manage his financial affairs, the Trustee may make any required distribution to the Executive by making it (i) directly to the Executive, (ii) to a legal guardian of the Executive, or (iii) in such other manner as the Trustee deems in the best interest of the Executive. Upon the death of the Executive, the Trustee shall make any required distribution to the person or entity entitled to receive such amounts pursuant to the terms of the Employment Agreement.

Appears in 6 contracts

Samples: Employment Agreement (TBC Corp), Employment Agreement (TBC Corp), Employment Agreement (TBC Corp)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.