Retirement and Death Sample Clauses

Retirement and Death. In the event of your Retirement (as that term is defined in the Plan; however, if you attain age 65 before Retirement, 100% of your RSUs held for at least one year will have vested prior to Retirement) or your death while employed by the Company prior to the end of the Restricted Period, you, or your estate, shall be deemed vested and entitled to settlement of (i.e., the Restricted Period shall expire with respect to) a proportionate number of the total number of RSUs granted (taking into account RSUs previously vested), provided that you have been continuously employed by the Company or a subsidiary of the Company for at least one year following the Award Date and your employment has not been terminated by the Company or a subsidiary of the Company for misconduct or other conduct deemed detrimental to the interests of the Company or a subsidiary of the Company. If you are only eligible for Retirement pursuant to Plan Section 2(x)(iii), and you are employed in the United States or Puerto Rico at the time of your Retirement, you shall be entitled to the pro rata vesting described in this Section 2(c) only if you execute and do not revoke a release in favor of the Company and its predecessors, successors, affiliates, subsidiaries, directors and employees in a form satisfactory to the Company; if you fail to execute or revoke the release, or your release fails to become effective and irrevocable within 60 days of the date your employment terminates, you shall forfeit any RSUs that are unvested as of the date your employment terminates. The formula for determining the proportionate number of your RSUs to become vested and non-forfeitable upon your Retirement or death is available by request from the Office of the Corporate Secretary at 000 Xxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000. RSUs that become vested and nonforfeitable under this Section 2(c) shall be distributed in accordance with Section 2(b) (i.e., within 60 days of the date of your death or Retirement). In the event of your becoming vested hereunder on account of death, or in the event of your death subsequent to your Retirement hereunder and prior to the delivery of shares in settlement of RSUs (not previously forfeited), shares in settlement of your RSUs shall be delivered to your estate, upon presentation to the Committee of letters testamentary or other documentation satisfactory to the Committee, and your estate shall succeed to any other rights provided hereunder in the event of your death.

Retirement and Death. In the event of your Retirement (as that term is defined in the Plan; however, if you attain age 65 before Retirement, RSUs held for at least one year will have vested prior to Retirement) or your death while employed by the Company prior to the end of the Restricted Period, you, or your estate, shall be deemed vested and entitled to settlement of (i.e., the Restricted Period shall expire with respect to) a proportionate number of the total number of RSUs granted (taking into account RSUs previously vested), provided that you have been continuously employed by the Company for at least one year following the Award Date and your employment has not been terminated by the Company for misconduct or other conduct deemed detrimental to the interests of the Company. The formula for determining the proportionate number of your RSUs to become vested and non-forfeitable upon your Retirement or death is available by request from the Office of the Corporate Secretary at 000 Xxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000. In the event of your death prior to the delivery of shares in settlement of RSUs (not previously forfeited), shares in settlement of your RSUs shall be delivered to your estate, upon presentation to the Committee of letters testamentary or other documentation satisfactory to the Committee, and your estate shall succeed to any other rights provided hereunder in the event of your death.

Retirement and Death. (Not applicable or paid to any Employee who became an Employee after the date of signing of the Collective Agreement between the parties in 1989.) On retirement or death, an Employee or his/her beneficiary shall be entitled to receive an amount equal to fifty (50) per centum of the number of days accumulated to his/her credit not to exceed one-half (1/2) year’s earnings, based on salary being paid at that time. Severance Pay: (Not applicable or paid to any Employee who became an Employee after May 28, 1985.) Any Employee leaving the employment of the Corporation by resignation or layoff after five (5) years service shall be entitled to receive an amount equal to fifty (50) per centum of the number of sick days accumulated to his/her credit not to exceed one-half (1/2) year’s earnings at the rate received by his/her immediately prior to termination of employment.

Retirement and Death. (Not applicable or paid to any Employee who became an Employee after the date of signing of the Collective Agreement between the parties in 1989.) On retirement or death, an Employee or his/her beneficiary shall be entitled to receive an amount equal to fifty (50) per centum of the number of days accumulated to his/her credit not to exceed one-half (1/2) year’s earnings, based on salary being paid at that time.

Retirement and Death a) A partner may opt for retirement or choose a specific time frame for withdrawal. b) Define the notice period (e.g., 14 days) before buying out the deceased partner's share. Step 10: Buyout, New Partners, and Arbitration - a) Establish the buyout price for withdrawing partners. b) Specify whether new partners can be admitted to the partnership. c) Agree to resolve disputes through arbitration, with a neutral third party making a final and binding decision. Step 11: Signatures - a) Partner signature and full name; b) Representative signature and full name. Why Create a Partnership Agreement? - It helps avoid default state rules, ensuring control over how the partnership operates. It also prevents unexpected tax liability by clearly defining each partner's share of profits and losses. Note: The text is rewritten in its original language without any translation or changes to the content. Partner agreements should include provisions for unexpected windfalls and tax implications. This can prevent disputes by outlining decision-making processes, responsibilities, voting rights, and financial contributions. Establishing clear voting rights, especially when adding new partners, helps avoid conflicts. Partnerships also require clear financial information, including profits, losses, and capital accounts to track each partner's contribution. In the event of a dispute, partnerships can include arbitration, mediation, or litigation options. Profits and losses are shared equally among partners, but this division can sometimes lead to disputes. A comprehensive partnership agreement can help minimize confusion by outlining specific financial contributions and entitlements. Capital accounts in a partnership account for each partner's initial and subsequent investments. Partners can exit the partnership through voluntary retirement, involuntary removal, or expulsion. A Partnership Agreement aims to outline how a partnership will operate under two or more partners, including responsibilities, profit-sharing, and what happens in certain situations. Given article text here Looking into a contract or rules with the party you associate with is vital in any business. This helps document your relationship and outline clear rules, conditions, and expectations from both parties. An agreement like this ensures that all necessary details are included, such as what needs to be followed and what isn’t allowed. In various industries, including healthcare, partnerships between companies...

Retirement and Death. Any employee retiring in accordance with the Michigan Public School Employees Retirement System (MPSERS) after ten (10) years of employment with the Board shall be paid a sum of money equal to three-quarters (3/4) of the employee’s accumulated leave days times their daily wage rate as determined from the appropriate Salary Schedule, except as provided below. All bargaining unit members then employed will be permitted to accumulate twelve (12) personal leave days for every full year of service that they have provided to the District, up to one hundred and twenty (120) days for purposes of this Article. Those employees with less than ten (10) years of service and all future employees first employed after July 1, 2006 but prior to February 3, 2010, shall be paid for three/quarters (3/4) of their accumulated leave days at the substitute and/or daily rate in effect as of the date of their retirement or death on the basis of the following examples. Employees hired after February 3, 2010 shall be paid for three/quarters (3/4) of their accumulated leave days at the rate of $9.50 per hour upon retirement or death. Employees with nine (9) years of service as of July 1, 2006, would be eligible to accumulate in the years after that date up to a total of one hundred and eight (108) personal leave days for which such members will be paid in the same manner as set forth in paragraph 1 above (108 X .75 X employee’s daily rate = $), and up to twelve

Retirement and Death. ‌ 12.1. Upon retirement from the Public Service the Transferred Employee will enjoy the benefits of clause 7, Removal and Storage Expenses for relocation to a place of their choice within the State of NSW provided the Transferred Employee’s relocation is effected within 12 months following the date of retirement. 12.2. In the event a Transferred Employee dies, the partner and dependant children or dependant relatives will enjoy the benefits of clause 7, Removal and Storage Expenses of this Part for relocation to a single place of their choice within the State of NSW. Claims under this subclause may be made up to 12 months after the death of the Transferred Employee. 12.3. For retirement and death the maximum amount of reimbursement will be limited to that payable had the Transferred Employee moved to the place of original recruitment to the Public Service.

Retirement and Death. In the event of your Retirement or your death while employed by the Company prior to the end of the Restricted Period, you, or your estate, shall be deemed vested and entitled to settlement of (i.e., the Restricted Period shall expire with respect to) a proportionate number of the total number of RSUs granted (taking into account RSUs previously vested), provided that you have been continuously employed by the Company for at least one year following the Award Date and your employment has not been terminated by the Company for misconduct or other conduct deemed detrimental to the interests of the Company. The formula for determining the proportionate number of your RSUs to become vested and non-forfeitable upon your Retirement or death is available by request from the Office of the Corporate Secretary at 0000 Xxxx Xxxxx Xxxxxxxxxx, Evansville, Indiana 47721-0001. In the event of your death prior to the delivery of shares in settlement of RSUs (not previously forfeited), shares in settlement of your RSUs shall be delivered to your estate upon presentation to the Committee of letters testamentary or other documentation satisfactory to the Committee, and your estate shall succeed to any other rights provided hereunder in the event of your death.

Retirement and Death. In the event of your Retirement (as that term is defined in the Plan or your death while employed by the Company prior to the end of the Restricted Period, your RSUs shall become fully vested. In the event of your death prior to the delivery of shares in settlement of RSUs (not previously forfeited), shares in settlement of your RSUs shall be delivered to your estate, upon presentation to the Committee of letters testamentary or other documentation satisfactory to the Committee, and your estate shall succeed to any other rights provided hereunder in the event of your death.

Retirement and Death. In the event of your Retirement or your death while employed by the Company prior to the end of the Restricted Period, you, or your estate, shall be deemed vested and entitled to settlement of (i.e., the Restricted Period shall expire with respect to) a proportionate number of the total number of RSUs granted (taking into account RSUs previously vested), provided that you have been continuously employed by the Company for at least one year following the Award Date and your employment has not been terminated by the Company for misconduct or other conduct deemed detrimental to the interests of the Company. The formula for determining the proportionate number of your RSUs to become vested and non-forfeitable upon your Retirement or death is available by request from the Office of the Corporate Secretary at 0000 Xxxxxxx Xxxx., Xxxxxxxx, XX 00000. In the event of your death prior to the delivery of shares in settlement of RSUs (not previously forfeited), shares in settlement of your RSUs shall be delivered to your estate upon presentation to the Committee of letters testamentary or other documentation satisfactory to the Committee, and your estate shall succeed to any other rights provided hereunder in the event of your death.