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 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. 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. 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. 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. THIS CONTRACT CONTAINS A BINDING ARBITRATION PROVISION WHICH MAY BE ENFORCED BY THE PARTIES.
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:
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 any person to whom any cash payment is due under this Agreement is a minor, or is reasonably found by Chesapeake to be incompetent by reason of physical or mental disability, Chesapeake shall have the right to cause such payments becoming due to such person to be made to another for his benefit, without responsibility of Chesapeake to see to the application of the payment of any such payments, and such payment will constitute a complete discharge of the liabilities of Chesapeake 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 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. THIS CONTRACT CONTAINS A BINDING ARBITRATION PROVISION WHICH MAY BE ENFORCED BY THE PARTIES.
