PRE-RETIREMENT/RETIREMENT PROGRAMS. An employee has a choice of one, and only one, of the following programs:
PRE-RETIREMENT/RETIREMENT PROGRAMS Sample Clauses
Related to PRE-RETIREMENT/RETIREMENT PROGRAMS
Post-Retirement Benefits The present value of the expected cost of post-retirement medical and insurance benefits payable by the Borrower and its Subsidiaries to its employees and former employees, as estimated by the Borrower in accordance with procedures and assumptions deemed reasonable by the Required Lenders is zero.
Deferred Retirement a. An employee who, upon separation from County service, is eligible for paid retirement and elects deferred retirement must defer participation in the Grant until such time as he or she becomes an active retiree.
