Incapacity of Beneficiary. If, in the opinion of the Plan Administrator, a Beneficiary is not able to care for his/her affairs because of a mental condition, physical condition or by reason of age, the Plan Administrator will apply the provisions of Section 10.09.
Incapacity of Beneficiary. If the Company shall find that any person to whom any payment is payable under this Agreement is unable to care for his other affairs because of illness or accident or is a minor, any payment due (unless a prior claim therefor shall have been made by a duly appointed guardian, committee, or other legal representative) may be paid to the spouse, a child, parent, or brother or sister, or to any person deemed by Company to have incurred expense for such person otherwise entitled to payment, in accordance with the applicable provisions of this Section 6. Any such payment shall be a complete discharge of the Company's liabilities under this Agreement.
Incapacity of Beneficiary. If Bank determines that any person to whom any payment is payable under this agreement is unable to care for his affairs because of illness or accident, or is a minor, any payment due (unless a prior claim therefore shall have been made by a duly appointed guardian, committee or other legal representative) may be paid to the spouse, a child, parent, or brother or sister, or to any person deemed by the Bank to have incurred expenses for such beneficiary, in accordance with paragraph 3. above. Any such payment, made in good faith, shall be a complete discharge of Bank's liability under this agreement.
Incapacity of Beneficiary. In the event a beneficiary should become incapacitated, or in the event any beneficiary should be under the age of majority. All rights, duties and obligations will be exercised by the spouse of any incapacitated person, the parent or guardian of under age minor, which powers shall be co- extensive with the beneficiary to the extent he or she should not be incapacitated or under the age of majority.
Incapacity of Beneficiary. If the Company shall find that any person to whom any payment is payable under this Agreement is unable to care for her affairs because of illness or accident or is a minor, any payment due (unless a prior claim therefor shall have been made by a duly appointed guardian or other legal representative) may be paid to the spouse, a child, a parent, or a brother or sister, or to any person deemed by the Company to have incurred expense for such person or otherwise entitled to payment. In accordance with the applicable provisions of paragraph 3 above or, with respect to a minor, to a custodian selected by Company under the Alabama Uniform Transfers to Minors Act or any statute of similar import. Any such payment shall be a complete discharge of the liabilities of Company under this Agreement.
Incapacity of Beneficiary. If the Board of Directors of Bank shall find that any person to whom any payment is payable under this agreement is unable to care for his affairs because of illness or accident or is a minor, any payment due (unless a prior claim therefore shall have been made by a duly appointed guardian, committee, or other legal representative) may be paid to the spouse, a child, 'parent, or brother or sister, or to any person deemed by the Board of Directors of Bank to have incurred expense for such person otherwise entitle to payment, in accordance with the applicable provisions of paragraph 2. Any such payment shall be a complete discharge of Bank's liabilities under this agreement.
Incapacity of Beneficiary. If the Employer shall find that any person to whom any payment is payable under this Agreement is unable to care for his affairs because of illness or accident or is a minor, any payment due (unless a prior claim therefor shall have been made by a duly appointed guardian, committee, or other legal representative) may be paid to the spouse, a child, parent, or brother or sister, or to any person deemed by the Employer to have incurred expense for such person otherwise entitled to payment, in accordance with the applicable provisions of paragraph 5. Any such payment shall be a complete discharge of the Employer's liabilities under this Agreement.
