Incompetency. Any benefit payable to or for the benefit of the Executive, if legally incompetent, or incapable of giving a receipt therefor, shall be deemed paid when paid to the Executive's guardian or to the party providing or reasonably appearing to provide for the care of such person, and such payment shall fully discharge the Company.
Appears in 28 contracts
Sources: Severance Agreement (Maxcyte, Inc.), Severance Agreement (Maxcyte, Inc.), Severance Agreement (Maxcyte, Inc.)
Incompetency. Any benefit payable to or for the benefit of ------------ the Executive, if legally incompetent, incompetent or incapable of giving a receipt therefor, shall be deemed paid when paid to the Executive's guardian or to the party providing or reasonably appearing to provide the Company to be providing for the care of such person, and such payment shall fully discharge the Company.
Appears in 8 contracts
Sources: Executive Employment Agreement (Anderson Tully Co), Employment Agreement (Anderson Tully Co), Employment Agreement (Anderson Tully Co)
Incompetency. Any benefit payable to or for the benefit of the ------------ Executive, if legally incompetent, or incapable of giving a receipt therefor, shall be deemed paid when paid to the Executive's guardian or to the party providing or reasonably appearing to provide for the care of such person, and such payment shall fully discharge the Company.
Appears in 7 contracts
Sources: Employment Agreement (Vallicorp Holdings Inc), Employment Agreement (Vallicorp Holdings Inc), Employment Agreement (Vallicorp Holdings Inc)
Incompetency. Any benefit payable to or for the benefit of the Executive, if legally incompetent, or incapable of giving a receipt therefor, shall be deemed paid when paid to the Executive's ’s guardian or to the party providing or reasonably appearing to provide for the care of such person, and such payment shall fully discharge the Company.
Appears in 5 contracts
Sources: Severance Agreement (Maxcyte, Inc.), Severance Agreement (Maxcyte, Inc.), Change in Control Agreement (Entremed Inc)
Incompetency. Any benefit payable to or for the benefit of ------------ the Executive, if legally incompetent, or incapable of giving a receipt therefor, shall be deemed paid when paid to the Executive's guardian or to the party providing or reasonably appearing to provide for the care of such person, and such payment shall fully discharge the Company.
Appears in 1 contract
Sources: Executive Employment Agreement (American Mobile Satellite Corp)
Incompetency. Any benefit payable to or for the benefit of the Executive, if legally incompetent, or incapable of giving a receipt therefor, shall be deemed paid when paid to the Executive's ’s guardian or to the party providing or reasonably appearing to provide for the care of such person, and such payment shall fully discharge the Company.
Appears in 1 contract
Sources: Change in Control Severance Agreement (PNC Financial Services Group Inc)