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Common use of Recusal Clause in Contracts

Recusal. A person shall not be precluded from receiving benefits under this Agreement as a result of serving as Plan Administrator or on any committee serving as Plan Administrator, but such person shall not be permitted to participate in the making of any decisions by or on behalf of the Plan Administrator that pertain to such person’s interest in the Agreement.

Appears in 7 contracts

Samples: Director Fee Continuation Agreement (First Colebrook Bancorp, Inc.), Director Fee Continuation Agreement (First Colebrook Bancorp, Inc.), Executive Salary Continuation Agreement (First Colebrook Bancorp, Inc.)

Recusal. A person shall not be precluded from receiving benefits under this Agreement as a result of serving as Plan Administrator or on any committee serving as Plan Administrator, but such person shall not be permitted to participate in the making of any decisions by or on behalf of the Plan Administrator that pertain pe1tain to such person’s interest in the Agreement.

Appears in 2 contracts

Samples: Director Fee Continuation Agreement (First Seacoast Bancorp), Director Fee Continuation Agreement (First Seacoast Bancorp)

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