Common use of Deferred Retirement Date Clause in Contracts

Deferred Retirement Date. An Active Participant may continue his employment after his Normal Retirement Date, in which event he shall continue as an Active Participant and, subject to the provisions of Section 4.6, retire as of his Deferred Retirement Date. However, the Employer may, subject to the provisions of Section 4.7, retire a Participant on the first day of any month following his Normal Retirement Date.