Scheduled Retirement Sample Clauses

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
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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. 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 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
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
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
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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. 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

Related to Scheduled Retirement

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

  • Supplemental Retirement Benefit In addition to the foregoing, Executive shall be eligible to participate in the Supplemental Executive Retirement Plan maintained by Cleco Utility Group Inc. or such other supplemental retirement benefit plans which the Company or its Affiliates may adopt, from time to time, for similarly situated executives (the "Supplemental Plan").

  • 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).

  • Normal Retirement Benefits A Participant shall be entitled to receive the balance held in his or her account upon attaining his or her Normal Retirement Age or at such earlier dates as the provisions of this Article VI may permit. If a Participant elects to continue working past his or her Normal Retirement Age, he or she will continue as an active Participant. Unless the Employer elects otherwise in the Adoption Agreement, distribution shall be made to such Participant at his or her request prior to his or her actual retirement. Distribution shall be made in the normal form, or if elected, in one of the optional forms of payment provided below.

  • Extension of Scheduled Termination Date Under the Fee Agreement, the Fund shall have the right, exercisable not more than one hundred twenty (120) days nor less than ninety (90) days prior to the Scheduled Termination Date, to request that the Liquidity Provider extend the term of such Scheduled Termination Date for an additional period of up to 364 days or, if mutually agreed upon by the parties to the Fee Agreement, a period greater than 364 days, which request may be conditioned upon terms and conditions that are different from the terms and conditions of this Agreement and the Fee Agreement then in effect. The Liquidity Provider shall, no later than thirty (30) days after receiving such request, notify the Fund and the Tender and Paying Agent of its acceptance or rejection of such request, which acceptance by the Liquidity Provider may be a Conditional Acceptance conditioned upon terms and conditions which are different from the terms and conditions of this Agreement and the Fee Agreement then in effect or the terms and conditions proposed by the Fund in making an extension request. If the Liquidity Provider fails to notify the Fund and the Tender and Paying Agent of its acceptance or rejection of the Fund's request for extension within such 30-day period, such failure to respond shall constitute a rejection of such request. If the Liquidity Provider provides a Conditional Acceptance, then the Fund shall have thirty (30) days thereafter to notify the Liquidity Provider and the Tender and Paying Agent of its acceptance or rejection of the terms and conditions specified in the Liquidity Provider's Conditional Acceptance. The Fund's failure to notify the Liquidity Provider and the Tender and Paying Agent within the 30-day period will be deemed a rejection of the terms and conditions specified in the Liquidity Provider's Conditional Acceptance. Under the Fee Agreement, the Fund will acknowledge and agree that the Liquidity Provider may grant or deny any request for extension of the Scheduled Termination Date in its sole and absolute discretion.

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