Retirement Defined. For the purposes of this Agreement, the term “Retirement” shall mean when Executive is fifty-five (55) years of age or older and has been employed by the Company for five (5) or more years after the date of the IPO and such Executive terminates employment for no other reason.
Retirement Defined. For the purposes of the retirement bonus, the retirement age for employees shall be age fifty-five
Retirement Defined. Retirement is defined as the termination of employment at an age when the employee would qualify for an allowance under the Public Employees Retirement System (PERS) and the JPA’s Personnel Regulations.
Retirement Defined. Retirement is defined for purpose of this option as the most recent birthday on the effective date of retirement.
Retirement Defined. An employee “retires”, as distinguished from other quitting, when the employee accepts a pension.
Retirement Defined. Executive acknowledges and agrees that for the purpose of any pre-existing, current or future Plans, “retirement” shall be deemed to mean only a voluntary separation by Executive of his employment relationship with the Company, and that any awards made by the Company to Executive under such Plans following the date hereof shall, unless otherwise determined by the Board of Directors (or such committee thereof as shall have the responsibility for and authority to set the compensation of LifePoint’s and its subsidiaries’ and affiliates’ executive officers and key employees), specifically incorporate such provision.
Retirement Defined. Retirement shall be defined to mean eligibility, as established by STRS or PERS for retirement benefits and application to STRS or PERS for retirement benefits.
Retirement Defined. For purposes of this Agreement, retirement means ending employment with the Company after the Member’s 70th birthday.
Retirement Defined. “Retirement,” for purposes of this Agreement, will be deemed to commence under any of the following circumstances, provided those circumstances occur while the Employee is still employed by the Corporation or an Osmose Affiliate:
a. The Employee attains the age of at least 65 years and retires (i.e., voluntarily resigns) from employment with the Corporation.
b. ln the event the Employee becomes Permanently Disabled for any reason prior to age 65, Retirement will be deemed to occur at age 65, or upon the earlier death of the Employee. For purposes of this Agreement, the term “Permanently Disabled” or “Permanent Disability” has the same meaning given to that term in the long term disability insurance policy offered by the Corporation under its long term disability program in effect at the time the Permanent Disability occurs; provided however, the Employee will not be considered, Permanently Disabled for purposes of this Agreement unless the Employee is unable to engage in any substantial gainful activity by reason of any medically determinable physical or mental impairment that can be expected to result in death or can be expected to last for a continuous period of not less than 12 months. If the Employee is determined to be Permanently Disabled and becomes entitled to receive payment of the Retirement Benefit as of the deemed Retirement date described in this Paragraph 5.b., the Employee may not accelerate payment of the Retirement Benefit by electing Early Retirement (i.e., voluntarily resigning) subsequent to the determination of Permanent Disability.
Retirement Defined. For purposes of this Plan,
