Scheduled Retirement Sample Clauses

Scheduled Retirement. Executive hereby offers, and the Company hereby accepts, Executive’s retirement effective December 31, 2007. Due to the unique knowledge and executive positions held by Executive, and the Company’s need to plan for the top management and direction of the Company and its subsidiaries, Executive’s separation is irrevocable by him. However, nothing herein prohibits Executive from accepting an extension of employment, at terms mutually agreeable, if offered by the Company to Executive.
Sample 1
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Scheduled Retirement. Unless Osbxxxx xxrlier resigns or is terminated for cause, Osbxxxx xxall resign and retire effective December 31, 2001 (the "Retirement Date") from all offices, directorships, committees and other positions held by him with Belo and its subsidiaries and affiliates, except that Osbxxxx xxall serve as (1) Chairman of The Belo Foundation at the pleasure of the Foundation's board, (2) a director of Belo at the pleasure of its
Sample 1
Scheduled Retirement. ["Scheduled Retirement" shall mean a Termination of Employment which shall occur on a date selected by the Optionee, upon [(MANAGEMENT): twelve] [(SENIOR MANAGEMENT): twenty-four] months' advance written notice from the Optionee to the Company, which Retirement Date shall not be earlier than five years from the Closing Date; provided, that as of such Retirement Date, the Optionee must be at least fifty-five years of age and must have at least ten years of service with the
Sample 1
Scheduled Retirement. Upon termination of such Management Member's employment as a result of the achievement of a retirement date agreed to between such Management Member and the Board of Directors of the direct or indirect subsidiary of the Corporation employing such Management Member (a "Scheduled Retirement").
Sample 1
Scheduled Retirement. Unless XxXxxxxx earlier resigns or is terminated for cause, XxXxxxxx resigns and retires effective October 1, 2002 (the "Retirement Date") from all offices, directorships, committees and other positions held by him with Belo and its subsidiaries and affiliates.
Sample 1
Scheduled Retirement. Associate has informed Ingram that he intends to retire as an officer of Ingram on July 4, 1999 (the "Retirement Date"). Associate will serve as Executive Vice President and President, Ingrxx Micro North America until March 1, 1999 and Executive Vice President and advisor to the Office of the Chairman from March 1, 1999 until the Retirement Date. Associate will continue as a part-time employee of Ingram and advisor to the Office of the Chairman from the Retirement Date until July 4, 2000 on the terms and conditions hereinafter set forth at which time he will retire as an employee of Ingram. Associate understands and agrees that, upon his retirement as an officer of Ingram, he will no longer be an agent of Ingram or any of its Affiliates, and he will have no authority to bind Ingram or any such Affiliate or to act on behalf of Ingram or any such Affiliate. Beginning April 1, 1999 and continuing until July 4, 2000, Associate's base salary will be reduced to $1 per month.
Sample 1
Scheduled Retirement. Unless WLH earlier resigns or is terminated for cause, WLH shall resign and retire effective December 31, 2000 (the "Retirement Date") from all offices, directorships, committees and other positions held by him with Belo and its subsidiaries and affiliates, except that WLH shall continue to serve as a trustee of The Belo Foundation at the pleasure of the Foundation's board, but no later than December 31, 2003.
Sample 1
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Scheduled Retirement. `Scheduled Retirement' shall mean a termination of the Employee's employment as President and Chief Executive Officer of the Company and Holdings on a date selected by the Employee, which date shall be no earlier than June 30, 2004. In order for such termination to be deemed a `Scheduled Retirement,' the Employee must notify the Company in writing of such Scheduled Retirement at least six (6) months in advance of the date selected by the Employee to be the date of his Scheduled Retirement including a Scheduled Retirement date of June 30,
Sample 1
Scheduled Retirement. Scheduled Retirement" shall mean a Termination of Employment which shall occur on a date selected by the Optionee, upon at least six (6) months' advance written notice from the Optionee, which Scheduled Retirement date shall in no event be earlier than June 30, 2004."
Sample 1

Related to Scheduled Retirement

  • Scheduled Termination Unless previously terminated, the Commitments shall terminate on the Commitment Termination Date.

  • Deferred Retirement a. An employee who is eligible for paid retirement at the time he or she separates from County service, but elects deferred retirement, may defer participation in the Grant until such time as he or she becomes an active retiree. b. An otherwise eligible employee who is not eligible for paid retirement at the time he or she separates from County service but is eligible for and elects deferred retirement shall not become eligible for participation in the Grant.

  • Supplemental Retirement Benefit The Executive will be entitled to receive a monthly Supplemental Retirement Benefit (the "Supplemental Retirement Benefit") commencing on the first day of the month coincident with or following the later of the Executive's termination of employment or attainment of age 60 and continuing for the remainder of his life. Unless otherwise elected by the Executive, the Supplemental Retirement Benefit shall be payable in the form of a 50% joint and survivor annuity which shall be unreduced for the actuarial value of the survivor's benefit. If the Executive's spouse at the time of his death is not more than four years younger than the Executive, the survivor benefit shall be equal to 50% of the Executive's benefit and shall be payable to his spouse for the remainder of the spouse's life. If the Executive's spouse at the time of his death is more than four years younger than the Executive, the benefit payable to the spouse shall be reduced to a benefit having the same actuarial value as the benefit that would have been payable had the spouse been four years younger than the Executive. The Executive shall also have the right to elect a 100% joint and survivor annuity, on an actuarially-reduced basis or a lump-sum payment, on an actuarially-reduced basis (if the Executive makes a timely lump-sum election which avoids constructive receipt), or any other form of payment available or provided under the "Supplemental Plans" defined in this Section 8. Actuarial reductions shall be based on the actual ages of the Executive and his spouse at the time of retirement. If the Executive is not married at the time of his retirement, actuarial adjustments shall be made as if the Executive had a spouse with the same date of birth as the Executive. In the event that the Executive elects a form of payment other than the automatic 50% joint and survivor annuity or other than a lump sum payment, and remarries subsequent to retirement, the benefits payable under this Section shall be actuarially adjusted at the time of the Executive's death to reflect the age of the subsequent spouse. If the Executive elects a lump sum payment at retirement, no further benefits will be payable under this Section.

  • Normal Retirement Date The term “Normal Retirement Date” means “Normal Retirement Date” as defined in the primary qualified defined benefit pension plan applicable to the Executive, or any successor plan, as in effect on the date of the Change in Control of the Company.

  • Retirement Date If the Executive remains in the continuous employ of the Bank, the Executive shall retire from active employment with the Bank on the Executive’s sixty-fifth (65th) birthday, unless by action of the Board of Directors this period of active employment shall be shortened or extended.

  • Supplemental Retirement Benefits The terms and conditions for the payment of supplemental retirement benefits are set forth in a separate written agreement between the parties.

  • Post-Retirement Benefits The present value of the expected cost of post-retirement medical and insurance benefits payable by the Borrower and its Subsidiaries to its employees and former employees, as estimated by the Borrower in accordance with procedures and assumptions deemed reasonable by the Required Lenders is zero.

  • Normal Retirement Benefit Upon Termination of Employment on or after the Normal Retirement Age for reasons other than death, the Company shall pay to the Executive the benefit described in this Section 2.1 in lieu of any other benefit under this Agreement.

  • Normal Retirement Age Normal Retirement Age shall mean the date on which the Executive attains age sixty-five (65).

  • Retirement Age It is assumed that an employee terminates employment at the end of the school year in which the employee attains age 58 or at the end of the current year, if the individual is already 58 or older.

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