Common use of Late Retirement Clause in Contracts

Late Retirement. If a Participant continues in the service of the Employer after attainment of Normal Retirement Age, he will continue to have a 100-percent nonforfeitable interest in his Account and will continue to participate in the Plan until the date he establishes with the Employer for his late retirement. Until he retires, he has a continuing election to receive all or any portion of his Account. Upon the earlier of his late retirement or the distribution date required under Section 8.08, the balance of his Account, plus any amounts

Appears in 3 contracts

Samples: Non Standardized Adoption Agreement (Marine Transport Corp), Profit Sharing/401(k) Plan (Lexington Precision Corp), Non Standardized Adoption Agreement (Resource Bancshares Mortgage Group Inc)

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Late Retirement. If a Participant continues in the service of the Employer employment as an Employee after attainment of his Normal Retirement Age, he will shall continue to have a 100-100 percent nonforfeitable vested interest in his Account and will shall continue to participate in the Plan until the date he establishes with the Employer for his late retirement. Until he retires, he has a continuing election to receive all or any portion of his Account. Upon the earlier of his late retirement or the distribution date required under Section 8.08, the balance of his Account, plus any amounts.

Appears in 3 contracts

Samples: Corporate Plan Document (Axsys Technologies Inc), Retirement Plan Adoption Agreement (Hudson City Bancorp Inc), Retirement Plan Document (Brillian Corp)

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Late Retirement. If a Participant continues in the service of the Employer after attainment of Normal Retirement Age, he will continue to have a 100-100 percent nonforfeitable interest in his Account and will continue to participate in the Plan until the date he establishes with the Employer for his late retirement. Until he retires, he has a continuing election to receive all or any portion of his Account. Upon the earlier of his late retirement or the distribution date required under Section 8.08, the balance of his Account, plus any amountsrequired

Appears in 1 contract

Samples: Corporate Plan for Retirement 100 Sm the Profit Sharing/401(k) Plan (Acadia Pharmaceuticals Inc)

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