Incapacity of Recipient. In the event the Executive is declared incompetent and a conservator or other person legally charged with the care of his person or Estate is appointed, any benefits under the Agreement to which such Executive is entitled shall be paid to such conservator or other person legally charged with the care of his person or Estate.
Appears in 46 contracts
Samples: Supplemental Retirement Income Agreement (United Community Bancorp), Income Agreement (Mutualfirst Financial Inc), www.sec.gov
Incapacity of Recipient. In the event the Executive is declared incompetent and a conservator or other person legally charged with the care of his person or Estate is appointed, any benefits under the Agreement Plan to which such Executive is entitled shall be paid to such conservator or other person legally charged with the care of his person or Estate.
Appears in 6 contracts
Samples: Supplemental Executive Retirement Plan (First National Corp /Va/), Supplemental Retirement Plan Participation Agreement (PCSB Financial Corp), www.sec.gov
Incapacity of Recipient. In the event the Executive is declared incompetent and a conservator or other person legally charged with the care of his person or Estate of his estate is appointed, any benefits under the Agreement to which such Executive is entitled shall be paid to such conservator or other person legally charged with the care of his person or his Estate. Except as provided above in this paragraph, when the Bank's Board of Directors in its sole discretion, determines that an Executive is unable to manage his financial affairs, the Board may direct the Bank to make distributions to any person for the benefit of such Executive.
Appears in 5 contracts
Samples: Shareholder Benefit Program Agreement (Marion Capital Holdings Inc), Shareholder Benefit Plan Agreement (Northeast Indiana Bancorp Inc), Income Agreement (Brooklyn Federal Bancorp, Inc.)
Incapacity of Recipient. In the event the Executive is declared incompetent and a conservator or other person legally charged with the care of his person or Estate of his estate is appointed, any benefits under the Agreement to which such Executive is entitled shall be paid to such conservator or other person legally charged with the care of his person or his Estate. Except as provided above in this paragraph, when the Association’s Board of Directors in its sole discretion, determines that an Executive is unable to manage his financial affairs, the Board may direct the Association to make distributions to any person for the benefit of such Executive.
Appears in 2 contracts
Samples: Supplemental Retirement Income Agreement (Flatbush Federal Bancorp Inc), Supplemental Retirement Income Agreement (Flatbush Federal Bancorp Inc)
Incapacity of Recipient. In the event the Executive is declared incompetent and a conservator or other person legally charged with the care of his person or of his Estate is appointed, any benefits under the Agreement to which such Executive is entitled shall be paid to such conservator or other person legally charged with the care of his person or his Estate. Except as provided above in this paragraph, when the Bank’s Board of Directors in its sole discretion, determines that an Executive is unable to manage his financial affairs, the Board may direct the Bank to make distributions to any person for the benefit of such Executive.
Appears in 2 contracts
Samples: Executive Supplemental Retirement (Brooklyn Federal Bancorp, Inc.), Supplemental Retirement Income Agreement (Brooklyn Federal Bancorp, Inc.)
Incapacity of Recipient. In the event the Executive is declared incompetent and a conservator or other person legally charged with the care of his person or Estate of his estate is appointed, any benefits under the Agreement to which such Executive is entitled shall be paid to such conservator or other person legally charged with the care of his person or his Estate.
Appears in 2 contracts
Samples: Supplemental Retirement Income Agreement (German American Bancorp, Inc.), Supplemental Retirement Income Agreement (German American Bancorp)
Incapacity of Recipient. In the event the Executive is declared incompetent and a conservator or other person legally charged with the care of his person or Estate is appointed, any benefits under the Agreement to which such Executive is entitled shall be paid to such conservator or other person legally charged with the care of his person or Estate. Except as provided above in this paragraph, when the Bank's Board of Directors in its sole discretion, determines that an Executive is unable to manage his financial affairs, the Board may direct the Bank to make distributions to any person for the benefit of such Executive.
Appears in 2 contracts
Samples: Supplemental Retirement Income Agreement (Citizens Bancorp), Supplemental Retirement Income Agreement (Citizens Bancorp)
Incapacity of Recipient. In the event the Executive is declared incompetent and a conservator or other person legally charged with the care of his person or of his Estate is appointed, any benefits under the Agreement to which such Executive is entitled shall be paid to such conservator or other person legally charged with the care of his person or his Estate. Notwithstanding the above, when the Corporation's Board of Directors, in its sole discretion, determines that the Executive is unable to manage his financial affairs, the Board may direct the Corporation to make distributions to any person for the benefit of such Executive.
Appears in 2 contracts
Samples: Supplemental Executive Retirement Agreement (First United Bancshares Inc /Ar/), Executive Retirement Agreement (First United Bancshares Inc /Ar/)
Incapacity of Recipient. In the event the Executive is declared incompetent and a conservator or other person legally charged with the care of his person or Estate is appointed, any benefits under the Agreement Plan to which such Executive is entitled shall be paid to such conservator or other person legally charged with the care of his person or Estate.
Appears in 2 contracts
Samples: Supplemental Benefit Plan (Lake Shore Bancorp, Inc.), United National Bancorp
Incapacity of Recipient. In the event the Executive is declared ------------------------- incompetent and a conservator or other person legally charged with the care of his person or Estate is appointed, any benefits under the Agreement to which such Executive is entitled shall be paid to such conservator or other person legally charged with the care of his person or Estate. Except as provided above in this paragraph, when the Bank's Board of Directors, in its sole discretion, determines that the Executive is unable to manage his financial affairs, the Board may direct the Bank to make distributions to any person for the benefit of the Executive.
Appears in 1 contract
Incapacity of Recipient. In the event the Executive is declared incompetent and a conservator or other person legally charged with the care of his person or of his Estate is appointed, any benefits under the Agreement to which such Executive is entitled shall be paid to such conservator or other person legally charged with the care of his person or his Estate. Except as provided above in this paragraph, when the Bank's Board of Directors in its sole discretion, determines that anExecutive is unable to manage his financial affairs, the Board may direct the Bank to make distributions to any person for the benefit of such Executive.
Appears in 1 contract
Samples: Supplemental Retirement Income Agreement (Home Federal Bancorp)
Incapacity of Recipient. In the event the Executive is declared incompetent and a conservator or other person legally charged with the care of his person or Estate of his estate is appointed, any benefits under the Agreement to which such Executive is entitled shall be paid to such conservator or other person legally charged with the care of his person or his Estate. Except as provided above in this paragraph, when the Bank’s Board of Directors, in its sole discretion, determines that an Executive is unable to manage his financial affairs, the Board may direct the Bank to make distributions to any person for the benefit of such Executive.
Appears in 1 contract
Samples: Income Agreement (Partners Trust Financial Group Inc)
Incapacity of Recipient. In the event the Executive is declared incompetent and a conservator or other person legally charged with the care of his her person or Estate is appointed, any benefits under the Agreement to which such Executive is entitled shall be paid to such conservator or other person legally charged with the care of his her person or Estate. Except as provided above in this paragraph, when the Bank's Board of Directors in its sole discretion, determines that an Executive is unable to manage her financial affairs, the Board may direct the Bank to make distributions to any person for the benefit of such Executive.
Appears in 1 contract
Samples: Supplemental Retirement Income Agreement (Citizens Bancorp)
Incapacity of Recipient. In the event the Executive is declared incompetent ----------------------- and a conservator or other person legally charged with the care of his person or Estate is appointed, any benefits under the Agreement to which such Executive is entitled shall be paid to such conservator or other person legally charged with the care of his person or Estate.
Appears in 1 contract
Samples: Supplemental Retirement Income Agreement (West Essex Bancorp Inc)
Incapacity of Recipient. In the event the Executive is declared ----------------------- incompetent and a conservator or other person legally charged with the care of his person or Estate is appointed, any benefits under the Agreement to which such Executive is entitled shall be paid to such conservator or other person legally charged with the care of his person or Estate.
Appears in 1 contract
Samples: Supplemental Retirement Income Agreement (Alliance Bancorp)
Incapacity of Recipient. In the event the Executive is declared incompetent and a conservator or other person legally charged with the care of his person or Estate is appointed, any benefits under the Agreement to which such Executive is entitled shall be paid to such conservator or other person legally charged with the care of his person or Estate. Except as provided above in this paragraph, when the Bank's Board of Directors, in its sole discretion determines that the Executive is unable to manage his financial affairs, the Board may direct the Bank to make distributions to any person for the benefit of the Executive.
Appears in 1 contract
Samples: Death Benefit Master Agreement (United National Bancorp)
Incapacity of Recipient. In the event the Executive is declared incompetent ----------------------- and a conservator or other person legally charged with the care of his person or Estate is appointed, any benefits under the Agreement Plan to which such Executive is entitled shall be paid to such conservator or other person legally charged with the care of his person or Estate.
Appears in 1 contract
Samples: Georgetown Bancorp, Inc.
Incapacity of Recipient. In the event the Executive is declared incompetent ----------------------- and a conservator or other person legally charged with the care of his person or Estate is appointed, any benefits under tinder the Agreement to which such Executive is entitled shall be paid to such conservator or other person legally charged with the care of his person or Estate.
Appears in 1 contract
Samples: Supplemental Retirement Income Agreement (West Essex Bancorp Inc)
Incapacity of Recipient. In the event the Executive is declared incompetent and a conservator or other person legally charged with the care of his person or Estate is appointed, any benefits under the Agreement to which such Executive is entitled shall be paid to such conservator or other person legally charged with the care of his person or Estate. Except as provided above in this paragraph, when the Bank's Board of Directors, in its sole discretion, determines that the Executive is unable to manage his financial affairs, the Board may direct the Bank to make distributions to any person for the benefit of the Executive.
Appears in 1 contract
Samples: Executive Deferred Compensation Master Agreement (MFS Financial Inc)
Incapacity of Recipient. In the event the Executive is declared ----------------------- incompetent and a conservator or other person legally charged with the care of his person or Estate is appointed, any benefits under the Agreement Plan to which such Executive is entitled shall be paid to such conservator or other person legally charged with the care of his person or Estate.
Appears in 1 contract
Samples: Supplemental Retirement Income Agreement (Alliance Bancorp)
Incapacity of Recipient. In the event the Executive is declared incompetent and a conservator or other person legally charged with the care of his person or Estate is appointed, any benefits under the Agreement agreement to which such Executive is entitled shall be paid to such conservator or other person legally charged with the care of his person or Estate.
Appears in 1 contract
Samples: Retirement Income Agreement (Marion Capital Holdings Inc)
Incapacity of Recipient. In the event the Executive is declared ----------------------- incompetent and a conservator or other person legally charged with the care of his person or Estate is appointed, any benefits under the Agreement to which such Executive is entitled shall be paid to such conservator or other person legally charged with the care of his person or Estate. Except as provided above in this paragraph, when the Bank's Board of Directors, in its sole discretion, determines that the Executive is unable to manage his financial affairs, the Board may direct the Bank to make distributions to any person for the benefit of the Executive.
Appears in 1 contract
Samples: And (First Bancorp of Indiana Inc)
