Example ContractsClausesfacility of paymentIdentical
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Facility of Payment. If a distribution is to be made to a minor, or to a person who is otherwise incompetent, then the Administrator may make such distribution: # to the legal guardian, or if none, to a parent of a minor payee with whom the payee maintains his or her residence; or # to the conservator or administrator or, if none, to the person having custody of an incompetent payee. Any such distribution shall fully discharge the Employer and the Administrator from further liability on account thereof.

Deferred Compensation Agreement
Source:SEC EDGAR databaseDate:August 7, 2017SIC:6029CIK:6029
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