Common use of Incapacity of Recipient Clause in Contracts

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.), Compensation Agreement (Magyar Bancorp, Inc.)

AutoNDA by SimpleDocs

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), Directors Retirement Plan (Prestige Financial Corp), Directors Shareholder Benefit Plan Agreement (Marion Capital Holdings 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 2 contracts

Samples: Supplemental Retirement Income Agreement (Alliance Bancorp), Directors' Retirement Plan (Dsa Financial Corp)

AutoNDA by SimpleDocs

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: Supplemental Benefit Plan (Lake Shore Bancorp, Inc.)

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