Incompetent or Minor Payees Contract Clauses (20)

Grouped Into 1 Collection of Similar Clauses From Business Contracts

This page contains Incompetent or Minor Payees clauses in business contracts and legal agreements. We have organized these clauses into groups of similarly worded clauses.
Incompetent or Minor Payees. Should the Company determine, in its discretion, that any person to whom any payment is payable under this Agreement has been determined to be legally incompetent or is a minor, any payment due hereunder, notwithstanding any other provision of this Agreement to the contrary, may be made in any one or more of the following ways: (a) directly to such minor or person; (b) to the legal guardian or other duly appointed personal representative of the person or estate of such minor or person; or (c) to... such adult or adults as have, in the good faith knowledge of the Company, assumed custody and support of such minor or person; and any payment so made shall constitute full and complete discharge of any liability under this Agreement in respect to the amount paid. View More
Found in Alta Mesa Holdings, LP contract
Incompetent or Minor Payees. Should the Company Board or the Compensation Committee determine, in its discretion, that any person to whom any payment is payable under this Agreement has been determined to be legally incompetent or is a minor, any payment due hereunder, notwithstanding any other provision of this Agreement to the contrary, may be made in any one anyone or more of the following ways: (a) directly to such minor or person; (b) to the legal guardian or other duly appointed personal representative of the this per...son or estate of such minor or person; or (c) to such adult or adults as have, in the good faith knowledge of the Company, Board or the Compensation Committee, assumed custody and support of such minor or person; and any payment so made shall constitute full and complete discharge of any liability under this Agreement in respect to the amount paid. View More
Found in BASIC ENERGY SERVICES INC contract
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