Common use of Compensation After Retirement Clause in Contracts

Compensation After Retirement. A. The Corporation agrees that, if the Employee is employed by the Corporation upon the date the Employee becomes age sixty-five (65), the Employee may retire from the employment as of the first day of the next month following his sixty-fifth birthday and receive a benefit set forth in Section 2(B).

Compensation After Retirement. A. The Corporation agrees that, if the Employee is employed by the Corporation upon the date the Employee becomes age sixty-five seven (6567), the Employee may retire from the employment Corporation as of the first day of the next month following his sixty-fifth seventh (67) birthday and receive a benefit set forth in Section 2(B2 (B). The Corporation further agrees that if the Employee chooses to retire at some point in time after attaining the age of sixty-seven (67), the Employee will have the option of receiving the same benefit set forth in Section 2 (B) beginning at age sixty-seven (67).

Compensation After Retirement. A. The Corporation agrees that, if the Employee is employed by the Corporation upon the date the Employee becomes age sixty-five (65), the Employee may retire from the employment Corporation as of the first day of the next month following his sixty-fifth (65) birthday and receive a benefit set forth in Section 2(B2 (B). The Corporation further agrees that if the Employee chooses to retire at some point in time after attaining the age of sixty-five (65), the Employee will have the option of receiving the same benefit set forth in Section 2 (B) beginning at age sixty-five (65).