Retirement; Disability. (i) Termination of employment by the Bank based on retirement shall mean the mandatory termination of employment in accordance with the retirement policy of the Bank, including (at Employee's sole election and as set forth in writing) early retirement, generally applicable to its salaried employees or in accordance with any retirement arrangement established with Employee's consent with respect to Employee.
Retirement; Disability. If the Participant’s employment is terminated due to Retirement or Disability, the Participant’s RSUs shall continue to vest in accordance with Section 5(a) as though the Participant was still employed by the Company on each applicable vesting date, provided, however, that the Participant (A) does not engage in any Detrimental Activity and (B) does not become employed by any company in the financial services industry, in each case, during the Participant’s post-employment vesting period.
Retirement; Disability. If the Participant's employment is terminated by reason of Retirement or Disability, the PSUs earned by the Participant as set forth in Section 5(b) shall vest on the Vesting Date in accordance with Section 6(a) as though the Participant was still employed by the Company on the Vesting Date; provided, however, that the Participant (A) does not engage in any Detrimental Activity and (B) does not become employed by any company in the financial services industry, in each case, during the Participant’s post-employment vesting period.
Retirement; Disability. If the Recipient’s employment is terminated due to Retirement or Disability, the Award shall continue to vest in accordance with Section 3(a) as though the Recipient was still employed by the Company on each applicable vesting date, provided, however, that the Recipient (A) does not engage in any Detrimental Activity and (B) does not become employed by any company in the financial services industry, in each case, during the Recipient’s post-employment vesting period.
Retirement; Disability. For purposes of this Agreement, the term "Retirement" means: (a) termination of employment because the Employee has reached normal retirement age of 65 years; or (b) termination of employment because the employee has attained at least age 55 and has at least 10 years of employment with the Company or any Related Companies. For purposes of this Agreement, the term “Disability” or "Disabled" means the inability of the Employee, by reason of a medically determinable physical or mental impairment, to engage in any substantial gainful activity, which condition, in the opinion of a physician selected by the Committee, is expected to result in death or can be expected to last for a continuous period of not less than 12 months.
Retirement; Disability. If the Participant Terminates due to Retirement or Disability during the Performance Period, a portion of the Restricted Stock, determined by multiplying the number of shares of Restricted Stock that vest pursuant to Section 2(A) by a fraction, the numerator of which is the number of whole months elapsed during the Performance Period prior to the Participant's Termination due to Retirement or Disability, and the denominator of which is the number of months in the Performance Period, shall become fully vested and transferable on the date that the Restricted Stock otherwise would have vested pursuant to Section 2(A).
Retirement; Disability. If prior to the expiration date of an option the employee shall retire on or after normal retirement date or if the employment or consulting relationship is terminated by reason of permanent and total disability, such option may be exercised to the extent exercisable on the date of retirement or such termination, provided such option shall be exercised within three months of the date of retirement or such termination. Notwithstanding the foregoing, in its discretion the Committee may extend the time within which or alter the terms and conditions on which an option held by a retired or disabled option holder may be exercised, and if the period within which an option may be exercised has been extended, the Committee may terminate the unexercised portion of the option if it shall determine that the participant has engaged in any activity detrimental to the Company's interests.
Retirement; Disability. Employees who retire under the Wisconsin Retirement plan, or employees who are unable to work due to a disability prior to December 31 shall be entitled to any unused vacation not taken during the calendar year of retirement or disability.
Retirement; Disability. (i) Termination of employment by the Bank based on retirement, in which event the Executive shall receive no benefit pursuant to Section 4, shall mean the mandatory termination of employment in accordance with the retirement policy of the Bank, including (at the Executive's sole election and as set forth in writing) early retirement, generally applicable to its salaried employees or in accordance with any retirement arrangement established with the Executive's consent with respect to the Executive.
Retirement; Disability. In the event the Participant’s service as a director of the Company terminates by reason of the Participant’s retirement or total disability, this option shall immediately terminate if the option is not then exercisable. If the option is exercisable on the date of termination of service, the option shall remain exercisable by the Participant until the tenth anniversary date, or, if the Participant dies before the tenth anniversary date, by the Participant’s personal representatives, heirs or legatees until the tenth anniversary date. For purposes of this Section 3(e), “retirement” shall mean the Participant’s voluntary resignation from the Company’s Board of Directors (including a decision not to stand for reelection) either (i) at age 62 or above and after a minimum of five years of service as an employee or director of the Company or any of its subsidiaries, or (ii) after a minimum of nine years of service as a director of the Company; and “total disability” shall mean a disability which, in the reasonable opinion of the Board of Directors, renders the Participant unable or incompetent to carry out the Participant’s duties, responsibilities and assignments for a period of ninety (90) consecutive days.
