Retirement by Executive. In the event the Executive is fifty-five (55) years or older and the Executive’s employment is terminated under Sections 6.1.1 or 6.2 of this Agreement, the Executive will be (a) eligible for continued post-retirement vesting of the unvested awards granted under the Equity Compensation Plans (provided performance share units shall only be payable subject to the attainment of the performance measures for the applicable performance period as provided under the terms of the applicable award agreement); and (b) eligible for accelerated vesting of the unvested Supplemental Matching Contributions to the Chesapeake Energy Corporation Amended and Restated Deferred Compensation Plan (the "401(k) Make-Up Plan"). The vesting under clauses (a) and (b) of this Section 6.3 will be in accordance with the retirement matrix (the "Retirement Matrix") attached to this Agreement. The right to acceleration and continued vesting is subject to the Executive’s execution of the Company’s severance agreement which will include a release of all legally waivable claims between the parties as of the effective date of the release except for the Company’s obligation to pay the foregoing severance compensation and the Executive’s obligation to comply with all post-employment obligations under this Agreement.
Retirement by Executive. In the event the Executive terminates this Agreement as a result of Executive’s separation from employment for reasons other than under paragraph 6.1.2 of this Agreement, the Executive will be eligible for accelerated vesting of unvested Equity Compensation awarded by the Company in accordance with the Retirement Matrix attached to this Agreement. Supplemental Matching Contributions to the Chesapeake Energy Corporation 401(k) Make-Up Plan will vest in accordance with the terms of the Plan and not in accordance with the Retirement Matrix.
Retirement by Executive. In the event the Executive is fifty-five (55) years or older and terminates this Agreement under paragraph 6.2 of this Agreement, the Executive will be (a) eligible for accelerated vesting of the unvested Equity Compensation awarded by the Company with the exception of any Equity Compensation issued to the Executive under the 2006 Long Term Stock Incentive Program award; and (b) eligible for accelerated vesting of the unvested Supplemental Matching Contributions to the 401(k) Make-Up Plan. The accelerated vesting under clauses (a) and (b) of this paragraph will be in accordance with the retirement matrix (the "Retirement Matrix") attached to this Agreement.
Retirement by Executive. In the event the Executive is fifty-five (55) years or older and the Executive’s employment is terminated under Sections 6.1.1 or 6.2 of this Agreement, the Executive will be (a) eligible for accelerated vesting of the unvested awards granted to the Executive prior to January 1, 2013 under the Equity Compensation Plans (provided performance share units shall only be payable subject to the attainment of the performance measures for the applicable performance period as provided under the terms of the applicable award agreement); (b) eligible for continued post-retirement vesting of the unvested awards granted to the Executive on or after January 1, 2013 under the Equity Compensation Plans (provided performance share units shall only be payable subject to the attainment of the performance measures for the applicable performance period as provided under the terms of the applicable award agreement); and (c) eligible for accelerated vesting of the unvested Supplemental Matching Contributions to the Chesapeake Energy Corporation Amended and Restated Deferred Compensation Plan (the "401(k) Make-Up Plan"). The vesting under clauses (a), (b) and (c) of this Section 6.3 will be in accordance with the retirement matrix (the "Retirement Matrix") attached to this Agreement. The right to acceleration and continued vesting is subject to the Executive’s execution of the Company’s severance agreement which will include a release of all legally waivable claims between the parties as of the effective date of the release except for the Company’s obligation to pay the foregoing severance compensation and the Executive’s obligation to comply with all post-employment obligations under this Agreement.
Retirement by Executive. Executive may voluntarily retire from his employment by the Company at any time after Executive reaches 64 years of age (“Retirement”).
Retirement by Executive. The Executive may voluntarily terminate this Agreement upon Retirement. As used in this Agreement, “Retirement” shall have the same meaning as such term is used in the Company's 2009 Restricted Stock/Unit Plan, which, with respect to employees, means termination of the Executive’s employment in accordance with the Company’s retirement policies, as in effect from time to time, if on the date of such termination (A) the Executive is at least 55 years old and his continued service has extended for at least five years, and (B) the number of full years in the Executive’s age and his number of full years of continued service total at least 65. By way of illustration, if the Executive terminates his employment in accordance with the Company’s retirement policies on his 63rd birthday after six years of continued service, the Executive’s total would be 69 and his termination would be treated as a retirement; if the Executive’s continued service had extended for only four years, his total would be 67 but the termination would not be treated as a Retirement since he would not have met the minimum of five years of continued service.
Retirement by Executive. In the event the Executive is fifty-five (55) years or older and the Executive’s employment is terminated under Sections 6.1.1 or 6.2 of this Agreement, the Executive will be (a) eligible for continued post-retirement vesting of the unvested awards granted under the Equity Compensation Plans (other than the Makeup Restricted Stock Units) which remain unvested at the time of termination after the application of Section 6.1.1, if applicable (provided performance share units shall only be payable subject to the attainment of the performance measures for the applicable performance period as provided under the terms of the applicable award agreement); and (b) eligible for accelerated
Retirement by Executive. Executive shall terminate his employment by retirement during the Employment Period on the date a successor chief executive officer is elected by the Board. Provided, however, Executive shall continue to serve as Chairman of the Board for up to one (1) year after his termination of employment by retirement for $1.00 if requested by the Board. In no event shall Retirement by Executive, as provided in this Section 5(f), constitute Termination by the Company Without Cause or Termination By Executive for Good Reason, for purposes of Section 6(e) of this Agreement.”
Retirement by Executive. If, at any time, the Executive retires from the Company, provided he is Medicare entitled, the Company shall pay or reimburse Executive for the monthly Medicare Premiums for the remainder of the lives of each of Executive and Executive’s spouse (regardless of whether Executive or his spouse predecease the other); provided, however, that the Company shall only be obligated to reimburse Executive for Medicare Premium payments to the extent that Executive has provided the Company with reasonable substantiation of Executive’s payment of such premiums (it being understood that, if at the time Executive retires, Executive’s spouse has not attained age 65, the Company will continue to provide the benefits set forth in Section (e)(3)(b) above to Executive’s spouse until Executive’s spouse attains age 65, and will thereafter provide the benefits described in this subsection (f) to Executive’s spouse, but in no event will the Company be obligated to provide any such benefit after the date when Executive commences receiving substantially equivalent health insurance coverage as provided for herein). In order to be eligible for the benefit provided in this subsection (f), Executive must fully and permanently retire from employment. If, after Executive retires, he obtains new employment and commences receiving substantially equivalent health insurance coverage in connection with such employment, the benefit provided in this subsection (f) shall cease. If due to changes in applicable law the Company is not able to provide the benefits set forth in this subsection (f), the Company shall use its commercially reasonable efforts to provide Executive with benefits having a substantially similar value, as determined by the Company in its reasonable discretion, to the extent that it is practicable to do so. In addition, upon Executive’s retirement from the Company, the Company shall (i) continue to provide secretarial support to Executive free of charge for the six-month period beginning on the date of retirement and (ii) during such time as Executive remains on the Board, provide Executive free of charge with a computer, tablet and cell phone (and reimbursement for the related monthly expenses for such devices).
Retirement by Executive. For purposes of this Agreement, Executive may elect to terminate his employment due to retirement at any time after December 31, 2006, by giving not less than ninety days prior written notice of his intention to retire from the Company, and receive the following benefits and payments. If this Agreement is terminated pursuant to this paragraph 5(f), the Company shall pay to Executive a retirement payment in a lump sum in cash within fifteen days of such retirement date, as follows: In the event such retirement occurs during 2007, Executive shall receive a retirement payment equal to 1.5 times the sum of (A) Executive’s annual Base Salary in effect at the time of retirement, and (B) the highest Annual Bonus, if any, paid in cash, in-kind or otherwise by the Company to Executive during the three-year period immediately preceding the date of retirement. In the event such retirement occurs during 2008, Executive shall receive a retirement payment equal to two times the sum of (A) Executive’s annual Base Salary in effect at the time of retirement, and (B) the highest Annual Bonus, if any, paid in cash, in-kind or otherwise by the Company to Executive during the three-year period immediately preceding the date of retirement. In the event such retirement occurs during 2009 or later, Executive shall receive a retirement payment equal to 2.5 times the sum of (A) Executive’s annual Base Salary in effect at the time of retirement, and (B) the highest Annual Bonus, if any, paid in cash, in-kind or otherwise by the Company to Executive during the three-year period immediately preceding the date of retirement. In addition, for the period of time equal to the retirement payment multiplier (for purposes of clarity, 1.5 times equals 18 months, 2 times equals 24 months, and 2.5 times equals 30 months) following Executive’s retirement, the Company shall continue to provide Executive, at the Company’s expense, with continued benefits comparable to those provided to Executive in accordance with paragraph 3(e) immediately prior to his retirement (excluding benefits relating to the Company’s corporate aircraft), subject in all cases to Executive’s eligibility to continue to participate under the terms of the relevant benefit plan or plans of the Company following his termination of employment with the Company, and with respect to the continuation of the additional benefits provided in paragraph 3(e)(ii), such continued coverage shall be subject to the annual limit on premium cost...
