Retirement from the Company Sample Clauses

Retirement from the Company. If the Optionee retires as an employee or director of the Company upon the attainment of at least 60 years of age with at least five continuous years of service to the Company, the Option shall become fully vested and shall remain exercisable for a period of one year from the date of retirement.
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Retirement from the Company. If the Grantee retires as an employee or director of the Company upon the attainment of at least 60 years of age with at least five continuous years of service to the Company, the Restricted Stock shall become fully vested upon such retirement.
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Retirement from the Company. Executive shall voluntarily retire from all positions as a director, officer and employee of the Company and its Affiliates, including his position as Chairman, effective as of the Retirement Date.
Sample 1
Retirement from the Company. You hereby agree to retire from employment with the Company on December 31, 2007. Your last day of active employment with the Company will be October 12, 2007. For the period from October 13, 2007 until December 31, 2007, you will use any earned vacation available to you and, after the vacation is exhausted, you will be considered on a paid leave of absence at your current salary level until December 31, 2007.
Sample 1
Retirement from the Company a. Employee shall retire from all positions with the Company, Sensata Technologies plc and all of their affiliates, whether as an officer, employee or otherwise, effective as of April 30, 2024 (the “Retirement Date”). Employee shall also resign from the Board of Directors of Sensata Technologies plc (the “Board”) effective as of the Retirement Date. b. Employee shall receive (i) Employee’s final paycheck, which shall reflect final wages less customary withholdings, (ii) unreimbursed business expenses reasonably incurred by Employee in performing his duties and responsibilities of the Company in accordance with applicable policies, and (iii) all other payments, benefits and fringe benefits to which Employee is entitled under the terms of any applicable compensation arrangement or benefit plan or program (as modified hereby). Employee acknowledges that Employee’s salary shall cease, and 1 | Page any entitlement Employee may have under a Company provided benefit plan, program, contract or practice shall terminate, except as otherwise: (i) required by applicable law; (ii) expressly stated in this Agreement or under the express terms of the applicable plan or program (as modified hereby); or (iii) expressly provided under the Company’s 2010 Equity Incentive Plan or 2021 Equity Incentive Plan (the “Equity Plans”) or the award agreements governing Employee’s outstanding awards thereunder (as modified hereby). c. The Company and Employee shall cooperate in good faith on any press releases or public disclosures. The Company shall provide Employee with a reasonable opportunity to review in advance any press releases or public disclosures related to his retirement, and the Company shall consider in reasonable good faith any comments provided by Employee; provided that such press releases or public disclosures shall not be conditioned on Employee’s consent. d. Except to the extent required by law, on and after the Retirement Date, the Company shall use reasonable efforts to cease using Employee’s personally identifiable information on any application, license or registration, or any renewals thereof, and as the authorized person (or similar capacity) with all legal and regulatory authorities. e. Employee acknowledges and agrees that his retirement from the Company is not due to any disagreement with the Company, including in his capacity as a member of the Board, on any matter relating to the operations, policies or practices of the Company. The Company hereby represe...
Sample 1
Retirement from the Company. The termination of your employment and the termination of your board membership with each Group Company (as applicable) will be effective on December 31, 2006 (the "Retirement Date"). As of the Retirement Date, you will automatically (i) no longer be an employee or a director of any Group Company and (ii) cease to be required to fulfill any of the duties and responsibilities associated with any of the aforementioned positions with any Group Company. In addition, the Employment Agreement by and between you and the Company, dated as of December 30, 2005 (the "Employment Agreement") will terminate and be of no further force or effect as of the Retirement Date.
Sample 1

Related to Retirement from the Company

  • Retirement Contribution 1. The State shall, as permitted by 5 M.R.S.A. §17702 §§s5 and 6, pay its cost of the 6.5% or 7.5% retirement contribution for employees in the bargaining unit who are covered under special Law Enforcement retirement plans. 2. The State shall, as permitted by 5 M.R.S.A. §17702 §§s5 and 6, pay the cost of the 6.5% or 7.5% retirement contribution for employees in the following classifications.

  • Coverage Selection Prior to Retirement An employee who retires and is eligible to continue insurance coverage as a retiree may change his/her health or dental plan during the sixty (60) calendar day period immediately preceding the date of retirement. The employee may not add dependent coverage during this period. The change takes effect on the first day of the month following the date of retirement.

  • Pre-Retirement Leave An Employee scheduled to retire and to receive a superannuation allowance under the applicable pension Acts or who has reached the mandatory retiring age, shall be entitled to: (a) A special paid leave for a period equivalent to fifty percent (50%) of his/her accumulated sick leave credit, to be taken immediately prior to retirement; or (b) A special cash payment of an amount equivalent to the cash value of fifty percent (50%) of his/her accumulated sick leave credit, to be paid immediately prior to retirement and based upon his/her current rate of pay.

  • Supplemental Executive Retirement Plan The Executive shall participate in the Company's Unfunded Pension Plan for Selected Executives (the "SERP").

  • Retirement Contributions On behalf of employees, the State will continue to “pick up” the six percent (6%) employee contribution, payable pursuant to law. The parties acknowledge that various challenges have been filed that contest the lawfulness, including the constitutionality, of various aspects of PERS reform legislation enacted by the 2003 Legislative Assembly, including Chapters 67 (HB 2003) and 68 (HB 2004) of Oregon Laws 2003 (“PERS Litigation”). Nothing in this Agreement shall constitute a waiver of any party’s rights, claims or defenses with respect to the PERS Litigation.

  • REGISTERED RETIREMENT SAVINGS PLAN 1. In this Article:

  • Retirement Gratuity Those employees who, on August 31, 2012, were eligible for a retirement gratuity shall have their accumulated sick days vested as of that date, up to the maximum eligible under the retirement gratuity plan.

  • Termination of the Company Upon the voluntary termination of the Company upon the consent of the Members, the sale or other transfer of all or substantially all of the Company's assets or any other termination of the Company in accordance with the provisions of this Agreement, the Company shall wind up its affairs and shall then be liquidated as provided in Article 13.

  • Savings and Retirement Plans During the Employment Period, the Executive shall be entitled to participate in all other savings and retirement plans, practices, policies and programs, in each case on terms and conditions no less favorable than the terms and conditions generally applicable to the Company’s other executive employees.

  • Retirement Savings Plan Within fifteen (15) days after the date of Termination of Employment, the Company shall pay to Employee a cash payment in an amount, if any, necessary to compensate Employee for the Employee’s unvested interests under the Company’s retirement savings plan which are forfeited by Employee in connection with the Termination of Employment.

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