Common use of Incapacity of Recipient Clause in Contracts

Incapacity of Recipient. In the event 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.

Incapacity of Recipient. In the event Executive is declared incompetent and a conservator or other person legally charged with the care of his person or of his estate 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 ’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.

Incapacity of Recipient. In the event 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 BankCompany '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 Company to make distributions to any person for the benefit of such Executive.

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 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 Directors, in its sole discretion, determines that an 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 such the Executive.

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 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 Directors, in its sole discretion, determines that an 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 such the Executive.