Normal Retirement Age. The age set by the Employer in the Adoption Agreement, not to exceed age sixty-five (65), or if later the number of years of participation elected in the Adoption Agreement, if any, at which a Participant becomes fully vested and is eligible to retire and receive his or her benefits under the Plan. If the Employer enforces a mandatory retirement age, the Normal Retirement Age is the lesser of that mandatory age or the age specified in the Adoption Agreement. If no selection is made, Normal Retirement Age will be defined as attainment of age sixty-five (65).
Appears in 8 contracts
Samples: Defined Contribution Plan (Wellesley Bancorp, Inc.), Defined Contribution Plan (Savannah Bancorp Inc), Defined Contribution Plan (ASB Bancorp Inc)
Normal Retirement Age. The age set by the Employer in the Adoption Agreement, not to exceed age sixty-five (65), or if later the number of years of participation elected in the Adoption Agreement, if any, at which a Participant becomes fully vested and is eligible to retire and receive his or her benefits under the Plan. If the Employer enforces a mandatory retirement age, the Normal Retirement Age is the lesser of that mandatory age or the age specified in the Adoption Agreement. If no selection is made, Normal Retirement Age will be defined as attainment of age sixty-five (65).
Appears in 7 contracts
Samples: Defined Contribution Plan (United Community Bancorp), Defined Contribution Plan (FNB United Corp.), Defined Contribution Plan (Century Bancorp Inc)
Normal Retirement Age. The age age, set by the Employer in the Adoption Agreement, not to exceed age sixty-five (65), or if later the number of years of participation elected in the Adoption Agreement, if any, at which a Participant becomes fully vested and is eligible to may retire and receive his or her benefits under the Plan. If Unless otherwise specified in the Employer enforces a mandatory retirement ageAdoption Agreement, the Normal Retirement Age is the lesser of that mandatory age or the age specified in the Adoption Agreement. If no selection is made, Normal Retirement Age will shall be defined as attainment of age sixty-five (65).
Appears in 4 contracts
Samples: 401(k) Plan Document (East West Bancorp Inc), 401(k) Plan Document (Inventa Technologies Inc), Adoption Agreement (Shared Technologies Cellular Inc)
Normal Retirement Age. The age set by the Employer Unless selected otherwise in the Adoption Agreement, not to exceed the Normal Retirement Age shall be the later of the attainment of age sixty-five (65)65 by the Participant, or if later the number fifth anniversary of years of participation elected the first Plan Year in which the Employee became a Participant. Otherwise, Normal Retirement Age shall be the age selected in the Adoption Agreement, if any, at which a Participant becomes fully vested and is eligible to retire and receive his or her benefits under the Plan. If the Employer enforces a mandatory retirement age, the Normal Retirement Age is the lesser of that mandatory age or the age specified in the Adoption Agreement. If no selection is made, Normal Retirement Age will be defined as attainment of age sixty-five (65).
Appears in 3 contracts
Samples: Defined Contribution Plan and Trust (Comstock Resources Inc), Defined Contribution Plan and Trust (Triad Guaranty Inc), 401(k) Profit Sharing Plan Adoption Agreement (Atlas America Inc)
Normal Retirement Age. The age set by the Employer in the Adoption Agreement, not to exceed age sixty-five (65), or if later the number of years of participation elected in the Adoption AgreementAgreement , if any, at which a Participant becomes fully vested and is eligible to retire and receive his or her benefits under the Plan. If the Employer enforces a mandatory retirement age, the Normal Retirement Age is the lesser of that mandatory age or the age specified in the Adoption Agreement. If no selection is made, Normal Retirement Age will be defined as attainment of age sixty-five (65).
Appears in 1 contract
Samples: Defined Contribution Plan (1st Constitution Bancorp)
Normal Retirement Age. The the date a Participant attains the age set by specified in the Employer Adoption Agreement or, if none is specified in the Adoption Agreement, not to exceed age sixty-five (65), or if later the number of years of participation elected in the Adoption Agreement, if any, at which a Participant becomes fully vested and is eligible to retire and receive his or her benefits under the Plan) years. If the Employer enforces a mandatory retirement age, the Normal Retirement Age is the lesser of that mandatory retirement age or the age specified in the Adoption Agreement. If no selection is madeWARNING: Generally, Normal Retirement Age will be defined as attainment federal and state law prohibits enforcement of a mandatory retirement age sixty-five (65)for Common Law Employees.
Appears in 1 contract
Samples: Adoption Agreement (Western Bancorp)