Retirement and Disability. “Retirement” means termination of Participant’s employment on or after the date Participant would be entitled to retire under the Polish statutory provisions. ”Disability” means disability to work under the Polish statutory provisions.
Retirement and Disability. Section 1. Pursuant to the provision of the Ohio Revised Code 742.01 et.seq, each Firefighter/Paramedic will be required to become members of the Police and Firefighters Disability and Pension Fund.
Section 2. The Canton Township Board of Trustees will meet all of its obligations as set forth in the Ohio Revised Code sections 742.01 et.seq, specifically including, but not limited to contributions to the Police and Firefighters Disability and Pension Fund as required by the Ohio Revised Code sections 742.34.
Retirement and Disability. In the event of the Employee's retirement or termination by reason of disability the Option (to the extent not previously terminated or forfeited) shall become fully exercisable as to all remaining shares subject to it and the Employee may exercise the Option at any time within three (3) months of such retirement (or within one year after termination of employment due to disability as defined above), but in no event after the Expiration Date set forth on Exhibit A. For purposes of the Agreement, "retirement" shall mean the termination of employment with the Corporation or a Subsidiary on or after the Employee's attainment of age 65 or age 62 and twenty (20) years of "credited service" as taken into consideration under the Corporation's qualified defined benefit plan in effect as of the date of the adoption of the Plan. "Disability" shall be determined by the Committee in its sole discretion, and shall occur when the Committee determines that the employee is receiving, or is entitled to receive, benefits under the Corporation's long-term disability plan or Social Security on account of disability.
Retirement and Disability. Normal Retirement Age is: [X] 1. The date the Participant attains age 65 (not to exceed 65). [ ] 2. The later of:
Retirement and Disability. Early Retirement by Participants:
Retirement and Disability. Section ------------------------------------------------------------------------------------------------------------- 1.
Retirement and Disability. 21.01 (a) The normal retirement age is sixty-five (65) years of age. The Home may continue to employ a nurse beyond retirement age, if the Home determines that the nurse can satisfactorily perform the requirements of her classification.
Retirement and Disability. The Superintendent-Director shall be a member of the Massachusetts Teachers' Retirement System.
Retirement and Disability. A. After Fifteen (15) consecutive years in the Madison District, any actively employed administrator, under this contract, who terminates their employment with the Madison Board of Education and accepts retirement from the State Retirement Program shall be compensated:
1. At the rate of $50 for each year of continuous service with the Madison District.
2. $20,000, less any money paid the administrator under Article X, Section D-7.
Retirement and Disability. Upon the retirement or disability (hereinafter referred to as the “Termination”) of a Stockholder (hereinafter referred to as the “Terminating Stockholder”), the Corporation shall purchase and the Terminating Stockholder shall sell, all of the shares of Common Stock of the Corporation (hereinafter referred to as the “Terminating Shares”) owned by the Terminating Stockholder at the time of the Termination. The Corporation shall, by written notice addressed to the Terminating Stockholder, fix a closing date for such purchase which shall be not less than ten (10) days after the Termination, but in no event longer than forty-five (45) days after the Termination. The Terminating Shares shall be purchased by the Corporation on such closing date at a price per share (hereinafter referred to as the “Terminating Purchase Price”) and in a manner as follows:
(a) The Terminating Purchase Price shall be the Agreed Value (as defined in Section 8).
(b) The aggregate dollar amount of the Terminating Purchase Price multiplied by the number of Terminating Shares owned by the Terminating Stockholder at the date of Termination under this Section 4 shall be payable in cash on the closing date, unless the Corporation shall elect prior to or on the closing date to purchase the Terminating Shares in installments as provided in Section 9 hereof.
(c) The “disability” of a Shareholder, for purposes of this Agreement, shall mean an illness, injury, or other physical or mental condition of the Stockholder occurring for a period of six (6) consecutive months from the commencement of such condition which results in the Stockholder’s inability to perform during such period substantially the obligations he performed in his capacity as an employee of the Corporation and to the extent he was performing same immediately prior to the commencement of such condition as determined by a qualified physician agreed upon by the Board of Directors of the Corporation. If the Corporation and the Stockholder are unable to agree whether the Stockholder is disabled within the meaning of this Subsection 4(c), the issue shall be submitted to and settled by binding arbitration under and pursuant to the Maryland Uniform Arbitration Act and the rules and regulations of the American Arbitration Association, and the decision or award of the arbitrator or arbitrators in such arbitration shall be final, conclusive and binding upon each of the parties and judgment may be entered thereon in any court of competent ju...
