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: Adoption Agreement (Lexington Precision Corp), Marine Transport Corp, 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: Axsys Technologies Inc, Hudson City Bancorp Inc, 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: Acadia Pharmaceuticals Inc

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