Retirement Termination Clause Samples

Retirement Termination. Notwithstanding any other provision of this Agreement, the options, stock appreciation rights or restricted share units granted under the 2006 Stock Incentive Plan for Key Employees of HCA Holdings, Inc. and its Affiliates, as amended and restated (collectively, the “New Equity”), HCA’s shareholder’s agreement or any other related agreements executed by Executive in connection with the Closing (such agreements, excluding this Agreement, collectively, the “Equity Agreements”), the provisions of this Section 6 shall exclusively govern Executive’s rights upon termination of employment with the Company and its affiliates; provided that, except as modified below, the Equity Agreements shall remain in full force and effect in accordance with their terms. a. Effective as of the expiration of the Employment Term or Executive’s sooner voluntary termination for any reason (including by reason of death or disability, but other than for Good Reason (as defined below)): (i) Executive shall be entitled to receive: (A) any Base Salary earned, but unpaid, through the date of termination; (B) any annual bonus earned, but unpaid, for the year ended December 31, 2013 under the PEP as of the date of termination, paid in accordance with Section 4(a) (except to the extent payment is otherwise deferred pursuant to any applicable deferred compensation arrangement with HCA); (C) a pro rata portion of the annual bonus, if any, that Executive would have been entitled to receive pursuant to Section 4(b) hereof for the year in which the termination occurs, based upon HCA’s actual results for the year of termination and the percentage of the year that shall have elapsed through the date of Executive’s termination of employment, payable to Executive pursuant to Section 4(b) had Executive’s employment not terminated; (D) reimbursement, within sixty (60) days following submission by Executive to HCA of appropriate supporting documentation, for any unreimbursed business expenses properly incurred by Executive in accordance with HCA policy prior to the date of Executive’s termination; so long as claims for such reimbursement (accompanied by appropriate supporting documentation) are submitted to HCA within ninety (90) days following the date of Executive’s termination of employment; (E) continued coverage under HCA’s group health plans (on substantially the same basis as such coverage was provided immediately prior to Executive’s termination of employment) for Executive and his spouse as of ...

Retirement Termination allowance applicable to retirement terminations will be paid in accordance with the table in Section 1 for Company Service Credit as of December 31, 1965. Retirement layoff allowance will not be applicable to any new employee nor for Company service of present employees accrued after December 31, 1965.

Retirement Termination. If the Employee’s employment ends by reason of a Retirement Termination, then Employee’s employment shall end on the date set forth in Employee’s notice of retirement, or such earlier date as is determined by Company and (i) the Company will, within 45 days, pay in a lump sum amount to the Employee his accrued and unpaid Base Salary, any Earned Bonus and any payments to which he may be entitled under any applicable employee benefit plan or policy or any equity award agreement (according to the terms of such plans and policies) and (ii) the Employee will remain eligible to receive the Prorated Performance Bonus with respect to calendar year 2026, which the Company will pay to the Employee no later than March 15, 2027.

Retirement Termination. Employees will not be entitled to receive payment for unused sick leave on retirement or termination of employment.

Retirement Termination. A. Effective January 1, 2022, all unit members who desire to be covered by a Pension Plan, shall have the choice to enroll in either the Mission Square 401(a) Plan, or the Maine Public Employees Retirement System (MainePERS) Special Plan 3C. Enrollment eligibility in the MainePERS plan will be in accordance with MainePERS regulations. B. Employees hired previous to the Agreement term of the July 1, 2012 to June 30, 2015 Agreement shall be grandfathered with the City contributing ten (10%) percent of the employee's gross wages as the City's contribution to the Mission Square 401(a) Plan, which shall vest according to the existing vesting schedule. C. For all employees hired after the ratification of the July 1, 2012 to June 30, 2015 Agreement and who enroll in the Mission Square Retirement Plan, the City shall provide a 2-to-1 match of employee contributions to the 457 plan up to three percent (3%) of the employee's gross earnings and maximum employer contribution of 6%. The City’s contributions shall vest according to the existing vesting schedule. Employee contributions will be made to the 457 deferred compensation plan and the employer matching contributions will be made to the 401(a) plan. The employee may change their elective contribution at any time during the year. Should the employee decrease their elective contribution to the 457 plan, the employer's matching contribution to the 401(a) plan will be decreased accordingly. Should the employee increase their contribution to the 457 plan, the employer matching contribution will be increased accordingly. A. S.I. (social security) shall be continued in force during the term of this Agreement. D. For those in the Mission Square Plan, the City shall make available to the employees a long-term disability plan, which shall compensate the employee at a level of at least 60% of their weekly gross earnings until age sixty-five (65). The City shall contribute up to one (1%) percent of the employee's base wage toward the cost of the premium of such plan, with the employee contributing the remaining portion. E. Any employee upon attaining retirement or upon being separated under "Honorable Conditions" shall receive the following payment of accumulated time or said employee shall have the option of the same number of days off early retirement instead of monetary value according to the scale in Article 21, Section A. However, no additional leave benefits shall accrue after the last day that the retiring/terminating...

Retirement Termination. If the Employee’s employment ends by reason of a Retirement Termination, then Employee’s employment shall end on the date set forth in Employee’s notice of retirement, or such earlier date as is determined by Company and the Company will, within 45 days, pay in a lump sum amount to the Employee his accrued and unpaid Base Salary, any Earned Bonus (including for calendar year 2029) and any payments to which he may be entitled under any applicable employee benefit plan or policy or any equity award agreement (according to the terms of such plans and policies). In addition, outstanding equity awards granted at least six months prior to the Retirement Termination date (i) that are subject to time-vesting only, will vest and be settled in accordance with the original vesting schedule and (ii) that are subject to the achievement of performance goals, will remain outstanding and eligible to vest based on actual performance.”

Retirement Termination. Upon the retirement of any police officer with twenty (20) years or more service, the officer shall be presented with the officer’s basic daily equipment, to include his service weapon, ▇▇▇▇▇▇▇▇▇, and the badges the officer has accumulated throughout the officer’s years of dedication to the City of Beachwood. Members of the Police Department shall terminate their office and employment not later than their 65th birthday, or if they become unable mentally and/or physically to carry out the requirements of the position.

Retirement Termination. Section 4.