Incompetency. 14.01. If the Bank shall find that any person to whom any payment is payable under this Agreement is unable to care for their affairs because of illness or injury, or is a minor, any payment due (unless a prior claim shall have been made by a duly appointed guardian, committee, or other legal representative) may be paid to the Spouse, a child, a parent, a brother or sister, or a custodian determined pursuant to the Uniform Gift to Minors Act (or similar law), or to any person deemed by the Bank to have incurred expense for such person otherwise entitled to payment, in such manner and proportions as the Bank may determine. Any such payment shall be a complete discharge of the liabilities of the Bank under this Agreement.
Appears in 2 contracts
Samples: Employment Agreement (United Bancshares Inc/Oh), Supplemental Income Agreement (First Community Financial Group Inc)
Incompetency. 14.01. If the Bank shall find that any person to whom any payment is payable under this Agreement is unable to care for their his or her affairs because of illness or injuryaccident, or is a minor, any payment due (unless a prior claim therefore shall have been made by a duly appointed guardian, committee, committee or other legal representative) may be paid to the Spousespouse, a child, a parent, a brother or sister, or a custodian determined pursuant to the Uniform Gift Transfers to Minors Act (or similar law)Act, or to any person deemed by the Bank to have incurred expense for such person otherwise entitled to payment, in such manner and proportions as the Bank may determine. Any such payment shall be a complete discharge of the liabilities of the Bank under this Agreement.
Appears in 1 contract
Incompetency. 14.01. If the Bank shall find that any person to whom any payment is payable under this Agreement is unable to care for their affairs because of illness or injuryaccident, or is a minor, any payment due (unless a prior claim therefore shall have been made by a duly appointed guardian, committee, or other legal representative) may be paid to the Spouse, a child, a parent, a brother or sister, or a custodian determined pursuant to the Uniform Gift to Minors Act (or similar law)Act, or to any person deemed by the Bank to have incurred expense for such person otherwise entitled to payment, in such manner and proportions as the Bank may determine. Any such payment shall be a complete discharge of the liabilities of the Bank under this Agreement.may
Appears in 1 contract
Samples: Executive Supplemental Income Agreement (Wesbanco Inc)
Incompetency. 14.01. If the Bank shall find that any person to whom any payment is payable under this Agreement is unable to care for their affairs because of illness or injuryaccident, or is a minor, any payment due (unless a prior claim therefore shall have been made by a duly appointed guardian, committee, committee or other legal representative) may be paid to the Spousespouse, a child, a parent, a brother or sister, or a custodian determined pursuant to the Uniform Gift to Minors Act (or similar law)Act, or to any person deemed by the Bank to have incurred expense for such person otherwise entitled to payment, in such manner and proportions as the Bank may determine. Any such payment shall be a complete discharge of the liabilities of the Bank under this Agreement.
Appears in 1 contract
Incompetency. 14.01. If the Bank shall find that any person to whom any payment is payable under this Agreement is unable to care for their his or her affairs because of illness or injuryaccident, or is a minor, any payment due (unless a prior claim therefore shall have been made by a duly appointed guardian, committee, committee or other legal representative) may be paid to the Spousespouse, a child, a parent, a brother or sister, or a custodian determined pursuant to the Uniform Gift to Minors Act (or similar law)Act, or to any person deemed by the Bank to have incurred expense for such person otherwise entitled to payment, in such manner and proportions as the Bank may determine. Any such payment shall be a complete discharge of the liabilities of the Bank under this Agreement.
Appears in 1 contract
Incompetency. 14.01. If the Bank shall find that any person to whom any payment is payable under this Agreement Plan is unable to care for their his or her affairs because of illness or injuryaccident, or is a minor, any payment due (unless a prior claim therefore shall have been made by a duly appointed guardian, committee, a committee or other legal representative) may be paid to the Spousespouse, a child, a parent, a brother or sister, or a custodian determined pursuant to the Uniform Gift to Minors Act (or similar law)Act, or to any person deemed by the Bank to have incurred expense for such person otherwise entitled to payment, in such manner and proportions as the Bank may determine. Any such payment shall be a complete discharge of the liabilities of the Bank under this AgreementPlan.
Appears in 1 contract
Samples: Ibt Bancorp Inc /Mi/
Incompetency. 14.0113.01. If the Bank shall find that any person to whom any payment is payable under this Agreement is unable to care for their affairs because of illness or injuryaccident, or is a minor, any payment due (unless a prior claim shall have been made by a duly appointed guardian, committee, or other legal representative) may be paid to the Spouse, a child, a parent, a brother or sister, or a custodian determined pursuant to the Uniform Gift to Minors Act (or similar law), or to any person deemed by the Bank to have incurred expense for such person otherwise entitled to payment, in such manner and proportions as the Bank may determine. Any such payment shall be a complete discharge of the liabilities of the Bank under this Agreement.
Appears in 1 contract
Samples: Supplemental Income Agreement (Citizens Financial Corp/De/)