Payments to Minors. In the event a distribution is to be made to a minor, the board may direct that such distribution be paid to the legal guardian, or if none, to a parent of such beneficiary or a responsible adult with whom the beneficiary maintains his residence, or to the custodian of such beneficiary under the Uniform Gift to Minors Act or, if such is permitted by the law of the state in which said beneficiary resides, such a payment to the legal guardian, custodian or parent of a minor beneficiary shall fully discharge the board from further liability on account thereof.
Payments to Minors. If any person to whom any cash payment is due under this Agreement is a minor, or is reasonably found by SBG to be incompetent by reason of physical or mental disability, SBG shall have the right to cause such payments becoming due to such person to be made to another for his benefit, without responsibility of SBG to see to the application of the payment of any such payments, and such payment will constitute a complete discharge of the liabilities of SBG with respect thereto.
Payments to Minors. If any person to whom any cash payment is due under this Agreement is a minor, or is reasonably found by the Company to be incompetent by reason of physical or mental disability, the Company shall have the right to cause such payments becoming due to such person to be made to another for his benefit, without responsibility of the Company to see to the application of the payment of any such payments, and such payment will constitute a complete discharge of the liabilities of the Company with respect thereto.
Payments to Minors. If at any time a person entitled to receive any payment hereunder is a minor, such payment may, in the sole discretion of the Committee, be made for the benefit of such minor to his parent, guardian or the person with whom he resides, or to the minor himself, and the release of any such parent, guardian, person or minor shall be a valid and complete discharge for such payment.
Payments to Minors. In the event that any amounts due and owing hereunder are payable to any Beneficiary that is a minor, such amounts shall not be paid to such Beneficiary but shall be paid instead to such persons parent or legal guardian for the benefit of such Beneficiary, until such Beneficiary reaches the age of majority and the Trustee shall have no obligation to see to the proper application thereof.
Payments to Minors. The Trustee may make payments for the benefit of the beneficiary directly to the beneficiary or to the guardian of the beneficiary's person, or to any other person deemed suitable by the Trustee, or by direct payment of expenses incurred for the beneficiary's benefit.
Payments to Minors. Whenever income or principal becomes for any reason distributable to a person under twenty-one (21) years of age (described herein as the "
Payments to Minors. The Trustees in their sole discretion are authorized to make any payment which might become payable hereunder to or for any minor, in any or any combination of the following ways:
a) Directly to such minor;
b) Directly to any third party in payment of the expense, of support, maintenance, advancement, betterment, schooling and physical and mental development of such minor (notwithstanding that such minor's parent or parents, or any government agency or Onion Lake Cree Nation may also be contributing all or any part thereof);
c) Directly to the natural parent or parents or the legal guardian of such minor;
d) Directly to any person, whether or not appointed guardian of the minor, which person shall have the care and custody of the person of such minor. The Trustees shall not be under any duty to see to the application of the funds so paid, and the receipt of the recipient of such payment shall be a full and sufficient discharge to the Trustees and provided further that such payment may be in cash, kind or specie as the Trustees in their absolute discretion shall see fit. Neither the Trustees nor the person receiving and delivering for the Trustees any payment for any minor, shall be liable to such minor for any loss, neglect, default, damage, or reduction in value suffered by such minor or his/her interest by having so acted.
Payments to Minors. If any person to whom any cash payment is due under this Agreement is a minor, or is reasonably found by STG to be incompetent by reason of physical or mental disability, STG shall have the right to cause such payments becoming due to such person to be made to another for his benefit, without responsibility of STG to see to the application of the payment of any such payments, and such payment will constitute a complete discharge of the liabilities of STG with respect thereto.
Payments to Minors. Should any principal of the Trust Estate become distributable to a minor, the Trustee may, in its absolute discretion, either pay over such principal to the guardian of the property of such minor, at any time, or retain it for the minor during minority. In the case of any such retention, the Trustee may apply the principal and any income received to the support, maintenance, and education of such minor, irrespective of any other resources of such minor or of his/her parents, either directly or by payments to the guardian of the property or parent of such minor or to the person with whom such minor resides, without the necessity of any bond, the receipt of which shall effect complete discharge of the Trustee, who shall not be required to see to the application thereof. Any principal retained and income received which is not so applied shall be paid over to the beneficiary upon his/her reaching majority, or if he/she shall sooner die, to his/her estate. In holding any property for any minor, the Trustee shall have all the powers and discretions conferred upon it. For such services the Trustee shall be entitled to the same commissions to which a sole testamentary trustee would be entitled to receive from time to time under the laws of the State of , to be payable without judicial authorization.
