Incapacity of Recipient. In the event the Director 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 Director is entitled shall be paid to such conservator or other person legally charged with the care of his person or Estate.
Appears in 19 contracts
Samples: Director Shareholder Benefit Program Agreement (Mutualfirst Financial Inc), Director Retirement Plan (West End Indiana Bancshares, Inc.), Director Supplemental Retirement Income and Deferred Compensation Agreement (Magyar Bancorp, Inc.)
Incapacity of Recipient. In the event the Director 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 Director is entitled shall be paid to such conservator or other person legally charged with the care of his person or Estate.
Appears in 4 contracts
Samples: Director Retirement Plan (CF Bancorp), Director Deferred Compensation Joinder Agreement (Community Bancorp of New Jersey), Directors Retirement Plan (Prestige Financial Corp)
Incapacity of Recipient. In the event the Director 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 the Director is entitled shall be paid to such conservator or other person legally charged with the care of his person or Estatehis estate. Except as provided above in this paragraph, when the Board, in its sole discretion, determines that the Director is unable to manage his financial affairs, the Board may direct the Bank to make distributions to any person for the benefit of the Director.
Appears in 3 contracts
Samples: Director Deferred Compensation Agreement (First Bancorp /In/), Director Deferred Compensation Agreement (First Bancorp /In/), Director Deferred Compensation Agreement (First Bancorp /In/)
Incapacity of Recipient. In the event the Director 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 Director 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: Directors' Retirement Plan (Dsa Financial Corp), Executive Supplemental Retirement Income Agreement (Alliance Bancorp)
Incapacity of Recipient. In the event the Director 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 such, Director 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 Director is unable to manage his financial affairs, the Board may direct the Bank to make distributions to any person for the benefit of the Director.
Appears in 1 contract
Samples: Director Deferred Compensation Master Agreement (River Valley Bancorp)
Incapacity of Recipient. In the event the Director 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 Director 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, if the Bank's Board of Directors, in its sole discretion, determines that the Director is unable to manage his financial affairs, the Board may direct the Bank to make distributions to any person for the benefit of the Director.
Appears in 1 contract
Samples: Director Deferred Compensation Agreement (First Bancorp of Indiana Inc)
Incapacity of Recipient. In the event the Director is declared incompetent and a conservator or other person legally charged with the care of his person person, or Estate is appointed, any benefits under the Agreement Plan to which such Director 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: Directors Supplemental Benefit Plan (Lake Shore Bancorp, Inc.)
Incapacity of Recipient. In the event the Director is declared incompetent and a conservator or other person legally charged with the care of his person or or, Estate is appointed, any benefits under the Agreement to which such Director 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 Director is unable to manage his financial affairs, the Board may direct the Bank to make distributions to any person for the benefit of the Director.
Appears in 1 contract
Samples: Director Deferred Compensation Master Agreement (Mutualfirst Financial Inc)
Incapacity of Recipient. In the event the Director 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 Director 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 Director is unable to manage his financial affairs, the Board may direct the Bank to make distributions to any person for the benefit of the Director.
Appears in 1 contract
Samples: Director Deferred Compensation Agreement (Citizens Bancorp)
