Mandatory Retirement. Retirement shall be mandatory only to the extent required by law.
Mandatory Retirement. Any Trustee who has attained a mandatory retirement age established pursuant to any written policy adopted from time to time by a majority of the Trustees shall, automatically and without action of such Trustee or the remaining Trustees, be deemed to have retired in accordance with the terms of such policy, effective as of the date determined in accordance with such policy.
Mandatory Retirement. Employees in the bargaining unit shall be retired in compliance with existing federal and state laws. However, the Board of Education may require retirement prior to the existing age laws of any employee whose physical or mental health, as determined by a Board-designated and paid physician, makes it impossible for the employee to meet the normal obligations of regular assignments.
Mandatory Retirement. In no event shall the term of the Executive's employment hereunder extend beyond the end of the month in which the Executive's 65th birthday occurs (the "Mandatory Retirement Age").
Mandatory Retirement. It is mandatory for all firefighters regardless of classification, sex or department of service (i.
Mandatory Retirement. Except as provided in the Retired Director Compensation Program, Directors are required to retire from the Xxxxx Board of Directors at age 76 provided, however, that any director, who attains or has attained the age of 76 during his term as director, may delay retirement until completion of his or her term.
Mandatory Retirement. 2.1.7.1 The mandatory retirement age for an employee is the greater of age 70 or the age compounded by adding 5 to the earliest age for qualifying for an unreduced Canada Pension.
2.1.7.2 An employee who meets the mandatory retirement age shall lose his or her employment status except for the purposes of temporary substitution. This clause will not affect current employees who are age 65 or older as of April 1, 2001.
2.1.7.3 In exceptional circumstances, the functional area and Xxxx may agree to hire for one academic year at a time, a past employee over the mandatory retirement age.
Mandatory Retirement. There shall be no contractual mandatory retirement requirement, except as permitted by federal law. Leave of absence granted by the Employer, or temporary lay-off shall not interrupt the continuity of seniority.
Mandatory Retirement. All officers shall retire not later than the fiscal year in which they attain the age of sixty-five (65). The University may grant extensions of service beyond the mandatory retirement age for indefinite periods not to exceed one (1) year each.
Mandatory Retirement. If you retire at or after age 65 because you are required to do so by the Company's mandatory retirement policy, your retirement shall not be deemed an Involuntary Termination by the Company for purposes of this Agreement, your unvested stock options shall immediately vest, and you may exercise all of your then-outstanding stock options at any time up to the earlier of (i) the fifth anniversary of the date your employment terminates (or any later date prescribed by the terms of the option relating to termination of employment) or (ii) the expiration of the option.
