Common use of Minority or Disability Clause in Contracts

Minority or Disability. If Employer in its sole discretion shall deem any person entitled to receive any payments under this Agreement to be unable to care for his or her affairs because of illness or accident, or is a minor, any such payments (unless a prior claim therefore shall have been made by a duly appointed guardian, committee or other legal representative) may be made to the spouse, child or children, parent, brother or sister of such person, or to any third person or entity deemed by Employer to have incurred expense for such person, in the manner and amount that such payments would have been distributed to such person. Any such payment shall be a complete discharge to the extent thereof of the obligations of Employer under this Agreement.

Appears in 7 contracts

Samples: Supplemental Retirement Plan (York Water Co), Supplemental Executive Retirement Plan (York Water Co), Supplemental Retirement Plan (York Water Co)

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Minority or Disability. If Employer in its sole discretion shall deem deems any person entitled to receive any payments under this Agreement to be unable to care for his or her affairs because of illness or accident, or is a minorminority, any such payments (unless a prior claim therefore shall have been made by a duly appointed guardianGuardian, committee or other legal representative) may be made to the spouse, child or children, parent, brother or sister of such person, or to any third person or entity deemed by Employer to have incurred expense for such person, in the such manner and amount that such payments would have been distributed to such personas Employer may determine. Any such payment shall be a complete discharge to the extent thereof of the obligations of Employer under this Agreement.

Appears in 1 contract

Samples: Elective Deferred Compensation Agreement (Weston Roy F Inc)

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