Retirement/death. If the Executive retires or dies, the Executive's employment under this Agreement shall be deemed terminated as of the date of the Executive's retirement or death, and all rights of the Executive under Section 4 hereof shall cease as of the date of such termination and any benefits payable to the Executive shall be determined in accordance with the retirement and insurance programs of the Company and of the Bank then in effect.
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Samples: Employment Agreement (PSB Bancorp Inc), Employment Agreement (PSB Bancorp Inc), Employment Agreement (PSB Bancorp Inc)
Retirement/death. If the Executive retires or dies, the Executive's employment under this Agreement shall be deemed terminated as of the date of the Executive's retirement or death, and all rights of the Executive under Section 4 hereof shall cease as of the date of such termination and any benefits payable to the Executive shall be determined in accordance with the retirement and insurance programs of the Company and of the Bank then in effect.
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