Common use of Definition of Retirement Clause in Contracts

Definition of Retirement. For purposes of this Restricted Stock Agreement, “Retirement” shall mean termination of the Recipient’s employment if the Recipient has been employed by the Company or a Subsidiary on a continuous basis for a period of at least ten years, the Recipient has attained the age of 55 years, and the Recipient has provided the Company with a minimum of one year advance written notice of Recipient’s intention to retire.

Definition of Retirement. For purposes of this Restricted Stock Agreement, “Retirement” shall mean termination of the Recipient’s employment if the Recipient has been employed by the Company or a Subsidiary on a continuous basis for a period of at least ten years, the Recipient has attained the age of 55 years, and if Retirement shall occur within one year of the date of this grant [2 years in the case of the CEO], the Recipient has provided the Company with a minimum of one year advance written notice of Recipient’s intention to retire.

Definition of Retirement. For purposes of this Restricted Stock Agreement, “Retirement” shall mean termination of the Recipient’s employment if the Recipient has been employed by the Company or a Subsidiary subsidiary on a continuous basis for a period of at least ten years, years and the Recipient has attained the age of 55 years, and the Recipient has provided the Company with a minimum of one year advance written notice of Recipient’s intention to retire.

Definition of Retirement. For purposes of this Restricted Stock Agreement, “Retirement” shall mean termination of the Recipient’s employment if the Recipient has been employed by the Company or a Subsidiary on a continuous basis for a period of at least ten years, the Recipient has attained the age of 55 years, and if Retirement shall occur within one year of the date of this grant [2 years in the case of the CEO], the Recipient has provided the Company with a minimum of one year advance written notice of Recipient’s intention to retire.