Common use of Disability Retirement Clause in Contracts

Disability Retirement. If, as a result of your incapacity due to physical or mental illness, you shall have been absent from the full-time performance of your duties with the Company for six consecutive months, and within thirty days after written notice of termination is given you shall not have returned to the full-time performance of your duties, your employment may be terminated for "Disability". Termination by the Company or you of your employment based on "Retirement" shall mean termination at age 65 (or later) with ten years of service or retirement in accordance with any retirement contract between the Company and you.

Appears in 7 contracts

Samples: Severance Agreement (Harrahs Entertainment Inc), Severance Agreement (Harrahs Entertainment Inc), Severance Agreement (Harrahs Entertainment Inc)

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Disability Retirement. If, as a result of your incapacity due to physical or mental illness, you shall have been absent from the full-time performance of your duties with the Company for six 6 consecutive months, and within thirty 30 days after written notice of termination is given you shall not have returned to the full-time performance of your duties, the Company may terminate your employment may be terminated for "Disability". Termination by the Company or you of your employment based on "Retirement" shall mean voluntary termination at age 65 (or later) with ten years other than for Good Reason after your becoming eligible for “normal retirement” under the Company’s pension plan in effect immediately prior to a Change of service or retirement in accordance with any retirement contract between the Company and youControl.

Appears in 2 contracts

Samples: Change of Control Agreement (International Paper Co /New/), Change of Control Agreement (International Paper Co /New/)

Disability Retirement. If, as a result of your incapacity due to physical or mental illness, you shall have been absent from the full-time performance of your duties with the Company for six (6) consecutive months, and within thirty (30) days after written notice Notice of termination Termination is given you shall not have returned to the full-time performance of your duties, your employment may be terminated Terminated for "Disability". Termination by the Company or you of your employment based on "Retirement" shall mean termination at age 65 (or later) with ten years your Termination of service or retirement employment in accordance with any retirement contract between the Company and youarrangement established with your consent.

Appears in 2 contracts

Samples: Severance Agreement (Allied Motion Technologies Inc), Severance Agreement (Allied Motion Technologies Inc)

Disability Retirement. If, as a result of your incapacity due to physical or mental illness, you shall have been absent from the full-time performance of your duties with the Company for six consecutive months, and within thirty days after written notice of termination is given you shall not have returned to the full-time performance of your duties, your employment may be terminated for "Disability". Any such termination shall be a termination by the Company other than for Cause for purposes of Section 4(c) hereof. Termination by the Company or you of your employment based on "Retirement" shall mean termination at age 65 (or later) with ten years of service or retirement in accordance with any retirement contract between the Company and you.

Appears in 1 contract

Samples: Severance Agreement (Harrahs Entertainment Inc)

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Disability Retirement. If, as a result of your incapacity due to physical or mental illness, you shall have been absent from the full-time performance of your duties with the Company for six consecutive months, and within thirty days after written notice of termination is given you shall not have returned to the full-time performance of your duties, your employment may be terminated for "Disability". Termination by the Company or you of your employment based on "Retirement" shall mean termination at Xxxxxxx X. Xxxxxx April 23, 2001 Page 7 age 65 (or later) with ten years of service or retirement in accordance with any retirement contract between the Company and you.

Appears in 1 contract

Samples: Severance Agreement (Harrahs Entertainment Inc)

Disability Retirement. If, as a result of your incapacity due to physical or mental illness, you You shall have been absent from the full-time performance of your duties with the Company for six 6 consecutive months, and within thirty 30 days after written notice of termination is given you You shall not have returned to the full-time performance of your duties, your employment may be terminated for "Disability". ." Termination of your employment by the Company or you of your employment based on "Retirement" shall mean termination at age 65 (or later) with ten years of service or retirement in accordance with any retirement contract between the Company and you.or

Appears in 1 contract

Samples: Change in Control Termination Agreement (Middlesex Water Co)

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