Retirement by the Executive. In the event of Executive’s Retirement in accordance with Section 4.7, then (i) EDGEN shall have no further obligations hereunder after the Expiration Date other than payment to the Executive of the Accrued Obligations and (ii) provided that the Executive executes and delivers to EDGEN the Release and the Release becomes irrevocable within 60 days following the Termination Date, all unvested Equity Awards held by Executive on the Termination Date shall become immediately vested (for performance-based awards, vesting shall be subject to satisfaction of any applicable performance criteria, as determined in accordance with the applicable plan).
Retirement by the Executive. (a) During the Term, the Executive shall have the right to retire from his employment with the Company following the Executive’s 65th birthday, provided that the Executive (i) provides at least six (6) months advance written notice to the Company of the Executive’s intent to retire, (ii) remains employed through the date his successor assumes his role (for the avoidance of doubt, even if such date is more than six (6) months after the Executive provides notice to the Company of his intent to retire), (iii) properly transitions his duties to his successor, as reasonably determined by the Board in its discretion, and (iv) remains available to provide reasonable consulting services to the Company from time to time for six (6) months following the Termination Date, as requested by the Board (a termination of employment meeting all of the foregoing requirements set forth in (i)-(iv), a “Retirement”). The Board may waive any or all of the foregoing requirements, in whole or in part. Further, the Board may require the Executive to enter into a separate consulting agreement with respect to the obligations described in clause (iv) above at the time of the Executive’s termination as a condition of Retirement.
Retirement by the Executive. (a) The Executive may resign, and thereby terminate the Executive’s employment (and the Employment Period), due to a “Retirement” (as defined in Section 4.5(c) hereof).
Retirement by the Executive. The Executive may choose to retire from the Bank at any time upon thirty (30) days’ prior written notice to the Bank;
Retirement by the Executive. (a) During the Term, the Executive shall have the right to retire from his employment with the Company, following the Executive’s 65th birthday, provided that the Executive (i) provides at least six (6) months advance written notice to the Board of the Executive’s intent to retire, (ii) remains employed through the date his successor assumes the role of Chief Executive Officer (for the avoidance of doubt, even if such date is more than six (6) months after the Executive provides notice to the Board of his intent to retire), (iii) properly transitions his duties to his successor, as reasonably determined by the Board in good faith its sole discretion, and (iv) remains available to provide reasonable consulting services to the Company from time to time for two (2) years following the Termination Date, subject to the terms of a separate consulting agreement to be mutually agreed upon by the Executive and the Board (a termination of employment meeting all of the foregoing requirements set forth in (i)-(iv), a “Retirement”). The Board may waive any or all of the foregoing requirements, in whole or in part.
Retirement by the Executive. (a) During the Term, the Executive shall have the right to retire from his employment with the Company, following the Executive’s 65th birthday, provided that the Executive (i) provides at least six (6) months advance written notice to the Board of the Executive’s intent to retire, (ii) remains employed through the date his successor assumes the role of President and Chief Operating Officer (for the avoidance of doubt, even if such date is more than six (6) months after the Executive provides notice to the Board of his intent to retire), (iii) properly transitions his duties to his successor, as reasonably determined by the Board in good faith its sole discretion, and (iv) remains available to provide reasonable consulting services to the Company from time to time for two (2) years following the Termination Date, as requested by the Board (a termination of employment meeting all of the foregoing requirements set forth in (i)-(iv), a “Retirement”). The Board may waive any or all of the foregoing requirements, in whole or in part. Further, the Board may require the Executive to enter into a separate consulting agreement with respect to the obligations described in clause (iv) above at the time of the Executive’s termination as a condition of Retirement.
Retirement by the Executive. (1) The Executive has elected to retire as an employee and officer of the Company and any of its subsidiaries or affiliates as of the Retirement Date.
Retirement by the Executive. Article III of the Employment Agreement is amended by the addition of the following new Section 3.1.5 (and former Section 3.1.5 and Section 3.1.6 are renumbered as Section 3.1.6 and Section 3.1.7, respectively):
Retirement by the Executive. During the Term of this Agreement and any Renewal Term, the Executive may, on his own initiative, elect to retire by giving the Company not less than ninety (90) days prior written notice of the effective date of his retirement. Any such retirement shall not be deemed to be a breach by the Executive of this Agreement. In such event, the Executive shall be entitled to receive:
Retirement by the Executive. The Executive may voluntarily terminate his employment at any time without Good Reason prior to his Eligible Retirement Date (as defined below), and the terms of Section 3.2.2 shall apply. The Executive may voluntarily terminate his employment without Good Reason due to retirement on or after his Eligible Retirement Date, and the terms of Section 3.2.3 shall apply in lieu of the terms of Section 3.2.2. The term “Eligible Retirement Date” shall mean the earlier of: (i) January 1, 2012, or (ii) the expiration of the Transition Period (as defined in Section 3.5.1 below) in the event that the Board appoints a successor Chief Executive Officer with an effective appointment date prior to January 1, 2012 (other than under circumstances that the successor is appointed following the termination of the Executive’s employment for Cause).
