Common use of Payments Upon Retirement Clause in Contracts

Payments Upon Retirement. If the Executive shall remain in the continuous employment of the Employer until Retirement, the Executive shall be entitled to be paid the Annual Benefit, with the Applicable Percent equal to 100% for a period of fifteen (15) years, in one hundred eighty (180) equal monthly installments, with each installment to be paid on the first day of each month, beginning with the month following the month in which the Executive Retires or upon such later date as may be mutually agreed upon in writing by the Executive and the Employer in advance of said Retirement Date.

Payments Upon Retirement. If the Executive shall remain in the continuous employment of the Employer until Retirement, then the Executive shall be entitled to be paid the Annual Benefit, with the Applicable Percent equal to 100% for a period of fifteen (15) years, in one hundred eighty (180) equal monthly installments, with each installment to be paid on the first day of each month, beginning with the month following the month in which the Executive Retires or upon such later date Retires, except that if Executive is a “specified employee” as may defined in Section 11.14, then the payment provided in this Section 3.1 shall be mutually agreed upon deferred as provided in writing by the Executive and the Employer in advance of said Retirement DateSection 11.14.

Payments Upon Retirement. If the Executive shall remain in the continuous employment of the Employer until Retirementattaining sixty-five (65) years of age, the Executive shall be entitled to be paid paid, as his normal retirement benefit, the Annual Benefit, with the Applicable Percent equal to 100% as defined above, for a period of fifteen (15) years, in one hundred eighty (180) equal monthly installments, with each installment to be paid on the first day of each month, beginning with the month following the month in which the Executive Retires or upon such later date as may be mutually agreed upon in writing by the Executive and the Employer in advance of said Retirement DateRetires.

Payments Upon Retirement. If the Executive shall remain in the continuous employment of the Employer until Retirement, then the Executive shall be entitled to be paid the Annual Benefit, with the Applicable Percent equal to 100% for a period of fifteen (15) years, in one hundred eighty (180) equal monthly installments, with each installment to be paid on the first day of each month, beginning with the month following the month in which the Executive, except that if Executive Retires or upon such later date is a “specified employee” as may defined in Section 11.14, then the payment provided in this Section 3.1 shall be mutually agreed upon deferred as provided in writing by the Executive and the Employer in advance of said Retirement DateSection 11.14.

Payments Upon Retirement. If the Executive shall remain in the continuous employment of the Employer until Retirementattaining sixty-five (65) years of age, the Executive shall be entitled to be paid the Annual Benefit, with the Applicable Percent equal to 100% for a period of fifteen Benefit in One Hundred Fifty-Six (15) years, in one hundred eighty (180156) equal monthly installments, with each installment to be paid on the first day of each month, beginning with the month following the month in which the Executive Retires or upon such later date as may be mutually agreed upon in writing by the Executive and the Employer in advance of said Retirement Datedate.

Payments Upon Retirement. If the Executive shall remain in the continuous and active employment of the Employer until Retirement, the Executive shall be entitled to be paid the Annual Benefit, with the Applicable Percent equal to 100% for a period of fifteen (15) years, in one hundred eighty (180) equal monthly installments, with each installment to be paid on the first day of each month, beginning with the month following the month in which the Executive Retires or upon such later date as may be mutually agreed upon in writing by the Executive and the Employer in advance of said Retirement Date.

Payments Upon Retirement. If the Executive shall remain in the continuous employment of the Employer until Retirement, then the Executive shall be entitled to be paid the Annual Benefit, with the Applicable Percent equal to 100% for a period of fifteen twelve (1512) years, in one hundred eighty (180) equal monthly installments, with each installment to be paid on the first day of each month, beginning with the month following the month in which the Executive Retires or upon such later date Retires, except that if Executive is a “specified employee” as may defined in Section 11.14, then the payment provided in this Section 3.1 shall be mutually agreed upon deferred as provided in writing by the Executive and the Employer in advance of said Retirement DateSection 11.14.

Payments Upon Retirement. If the Executive shall remain in the continuous employment of the Employer until Retirementattaining sixty-five (65) years of age, the Executive shall be entitled to be paid paid, as his normal retirement benefit, the Annual Benefit, with the Applicable Percent equal to 100% as defined above, for a period of fifteen (15) years, in one hundred eighty (180) equal monthly installments, with each installment to be paid on the first day of each month, beginning with the month following the month in which the Executive Retires or upon such later date as may be mutually agreed upon in writing by the Executive and the Employer in advance of said Retirement Date.Retires. XXXXX XXXXXXXXXX & LONG PC