No Payment if Termination of Employment Prior to Normal Clause Samples

No Payment if Termination of Employment Prior to Normal. Retirement Age or the later of 5 years of service. Except as provided in Section 3.4(d) below, if Executive's employment under this Agreement terminates for any reason other than only Executive's death or disability prior to the date on which he attains Normal Retirement Age or the later of 5 years of service, the Bank shall have no obligation to pay any amount to Executive with respect to any amounts credited to the Deferral Account whether pursuant to this Agreement or otherwise. Normal Retirement Age means the latter of (A) the Executive’s attainment of age 65, or (B) the 5th anniversary of the Effective Date hereunder.