Common use of Retirement Rule Clause in Contracts

Retirement Rule. If, as of your Termination Date, you are at least (i) age 65, (ii) age 62 with one or more full years of service, or (iii) age 55 with 10 or more full years of service, then you meet the “Retirement Rule.” If you are terminated under the Company’s applicable separation pay plan or any successor or comparable arrangement, if any, your Termination Date for purposes of determining whether you qualify under the Retirement Rule is your last day of active employment with the Company.

Appears in 6 contracts

Samples: Restricted Stock Unit Award Agreement (Travelers Companies, Inc.), Stock Option Agreement (Travelers Companies, Inc.), Restricted Stock Unit Award Agreement (Travelers Companies, Inc.)

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Retirement Rule. If, as of your Termination Datetermination date, you are at least (i) age 65, (ii) age 62 with one or more full years of service, or (iii) age 55 with 10 or more full years of service, then you meet the “Retirement Rule.” If you are terminated under the Company’s applicable separation pay plan or any successor or comparable arrangement, if any, your Termination Date termination date for purposes of determining whether you qualify under the Retirement Rule is your last day of active employment with the Company.

Appears in 1 contract

Samples: Performance Share Award Agreement (St Paul Travelers Companies Inc)

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