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: Executive Supplemental Retirement Income Agreement, Executive Supplemental Retirement Income Agreement, Executive Supplemental Retirement Income Agreement (United Community 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 6 contracts
Samples: Supplemental Retirement Plan, Supplemental Executive Retirement Plan (First National Corp /Va/), Supplemental Retirement Plan (PCSB Financial Corp)
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: Executive Supplemental Retirement Income Agreement (Citizens Bancorp), Executive 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/), Supplemental 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: Executive Supplemental Benefit Plan (Lake Shore Bancorp, Inc.), Executive Deferred Bonus Plan (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 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: Executive Supplemental Retirement Income Agreement (German American Bancorp, Inc.), Executive 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 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: Executive Supplemental Retirement Income Agreement (Flatbush Federal Bancorp Inc), Executive 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 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: Executive 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: Executive Supplemental 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.
Appears in 1 contract
Samples: Executive 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 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 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: Executive Supplemental Retirement 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: Executive 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 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: Executive 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: Executive 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 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 Plan (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 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: Executive Supplemental Retirement Income Agreement (Home Federal Bancorp)
