Common use of Late Retirement Clause in Contracts

Late Retirement. If a Participant continues in employment as an Employee after his Normal Retirement Age, he shall continue to have a 100 percent vested interest in his Account and 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.

Appears in 3 contracts

Samples: Axsys Technologies Inc, Brillian Corp, Hudson City Bancorp Inc

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Late Retirement. If a Participant continues in employment as an Employee the service of the Employer after his attainment of Normal Retirement Age, he shall will continue to have a 100 100-percent vested nonforfeitable interest in his Account and shall 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: Adoption Agreement (Lexington Precision Corp), Resource Bancshares Mortgage Group Inc, Marine Transport Corp

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Late Retirement. If a Participant continues in employment as an Employee the service of the Employer after his attainment of Normal Retirement Age, he shall will continue to have a 100 percent vested nonforfeitable interest in his Account and shall 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

Appears in 1 contract

Samples: Acadia Pharmaceuticals Inc

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