Common use of PAYMENTS IN THE EVENT THE EXECUTIVE ELECTS EARLY RETIREMENT Clause in Contracts

PAYMENTS IN THE EVENT THE EXECUTIVE ELECTS EARLY RETIREMENT. The Executive shall have the right to elect to receive the Schedule B Annuity prior to attaining sixty-five (65) years of age if he elects to Retire on a date which constitutes an Early Retirement Date as defined in subparagraph 1.8 above. In the event the Executive elects to Retire on a date which constitutes an Early Retirement Date, the Executive shall be entitled to be paid the Schedule B Annuity, as defined above, with payments thereunder to begin on the month following the month in which the Early Retirement Date occurs.

PAYMENTS IN THE EVENT THE EXECUTIVE ELECTS EARLY RETIREMENT. The Executive shall have the right to elect to receive the Schedule B Annuity prior to attaining sixty-five (65) years of age if he she elects to Retire on a date which constitutes an Early Retirement Date as defined in subparagraph 1.8 above. In the event the Executive elects to Retire on a date which constitutes an Early Retirement Date, the Executive shall be entitled to be paid the Schedule B Annuity, as defined above, with payments thereunder to begin on the month following the month in which the Early Retirement Date occurs.