Retirement Status Clause Samples
The Retirement Status clause defines the conditions under which an individual is considered retired for the purposes of the agreement. It typically outlines specific criteria such as age, years of service, or formal notification requirements that must be met to attain retirement status. For example, the clause may specify that an employee is deemed retired upon reaching a certain age and completing a minimum number of years with the company. This clause ensures clarity in determining eligibility for retirement-related benefits and helps prevent disputes regarding an individual's status under the agreement.
Retirement Status. The Commissioner of the Transportation Departmentt agrees to write a letter in support of the Union’s effort to achieve a Group 2 retirement status for the Parking Meter Supervisors and Senior Parking Meter Supervisors.
Retirement Status. The Executive understands and agrees that he has not satisfied the requirements for retirement or early retirement under any of the plans, programs, arrangements or policies referenced in Section 5(a) above.
Retirement Status. The Executive understands and agrees that he has not satisfied the requirements for retirement or early retirement under any employee benefit pension plan, employee welfare benefit plan or other plan, fund, program or arrangement sponsored or maintained by the Company or any of its Affiliates, including, but not limited to, the Company’s retiree health insurance program and the Company’s deferred compensation plan.
Retirement Status. The Employee has not satisfied the requirements for retirement or early retirement under any of the plans, programs, arrangements or policies referenced in Section 5(a) above.
Retirement Status. The Compensation Committee of the Board of Directors of the Corporation (the "Compensation Committee") has approved a Supplemental Executive Retirement Plan, a copy of which is attached hereto as Exhibit B (the "Retirement Plan"), providing for the Executive's status as an individual in "Retirement" and the entitlements arising as a result of such status following his termination of employment under the Corporation's 1993 Long-Term Incentive Plan and the Corporation's 1996 Long-Term Incentive Plan. By signing this Transition Services Agreement, the Executive agrees to be bound by the terms of the Retirement Plan in all respects.