Common use of Incapacity of Recipient Clause in Contracts

Incapacity of Recipient. In the event the Participant 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 Participant is entitled shall be paid to such conservator or other person legally charged with the care of his person or Estate. 12.5

Appears in 2 contracts

Samples: Supplemental Retirement Income Agreement (Pocahontas Bancorp Inc), Supplemental Retirement Income Agreement (Pocahontas Bancorp Inc)

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Incapacity of Recipient. In the event the Participant 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 Participant is entitled shall be paid to such conservator or other person legally charged with the care of his person or Estate. 12.5.

Appears in 1 contract

Samples: Supplemental Retirement Income Agreement (Pocahontas Bancorp Inc)

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Incapacity of Recipient. In the event the a Participant 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 Participant is entitled shall be paid to such conservator or other person legally charged with the care of his person or Estate. 12.5.

Appears in 1 contract

Samples: Supplemental Executive Retirement Plan (Citizens Bancshares Corp /Ga/)

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