Special Retirement Bonus Sample Clauses

Special Retirement Bonus. Subject to Section lO(b), if the Executive voluntarily terminates employment in connection with the Executive's retirement from the homebuilding industry, then, in addition to the Accrued Obligations and subject to both (i) the Executive's satisfaction of the Release Requirement, and (ii) the Executive's providing the Company with written notice of the Executive's intent to retire at least ninety (90) days prior to the Date of Termination, the Company shall pay to the Executive a special retirement bonus (the "Special Retirement Bonus") equal to one million dollars ($1,000,000) in equal installments in accordance with the Company's customary payroll practices commencing on the first payroll period following the effective date of the Release (and at the same times and in the same amounts as the first one million dollars ($1,000,000) would have been payable to the Executive under Section 5(b)(i) upon a termination without Cause or resignation with Good Reason absent a Change in Control). For purposes of this Agreement, "retirement from the homebuilding industry" shall mean that the Executive shall not be employed in any capacity by any company engaged in homebuilding within five (5) years following the Date of Termination, and in connection therewith, if the Executive does not remain so retired for such period, the Executive agrees that the Executive shall be required to repay the Company all amounts received under this Section 5(c). For the avoidance of doubt, the Special Retirement Bonus shall not be payable upon any circumstances under which severance benefits are payable under Section 5(b) above.

Special Retirement Bonus. On December 31, 2005, in recognition of your past service to the Company, you will receive a special retirement bonus in the amount of $100,000.00 (the “Special Retirement Bonus”). The payment will be subject to legally-mandated deductions for Social Security and federal, state and local taxes and will be considered compensation for purposes of calculating your lump sum pension benefit described in subparagraph D below.

Special Retirement Bonus. An employee age fifty-eight (58) or over with thirty (30) or more years of credited service or age sixty (60) or over with ten (10) or more years of credited service who satisfies the following conditions and retires will receive a special seven thousand five hundred dollars ($7,500) retirement bonus: 1. 1. Available only to hourly-paid Employees;

Special Retirement Bonus. ‌ April 1, 2010 United Steelworkers, and ▇▇▇▇▇ ▇▇▇▇-▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇▇, ▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇, ▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇ ▇▇▇ ▇▇▇ Attention: ▇▇. ▇▇▇▇▇ ▇▇▇▇▇▇▇▇, Area Coordinator, United Steelworkers Dear ▇▇. ▇▇▇▇▇▇▇▇: The following will confirm our understanding with respect to a one time special retirement bonus. The Company will pay a special one-time retirement bonus of twenty thousand dollars ($20,000.00), less deductions required by law, to any employee who, as of April 1, 2010, has thirty (30) or more years of credited service as defined in the CRS plan text, and who voluntarily terminates employment and elects to commence their pension between April 1, 2010 and January 1, 2011. It is understood that this payment will not be considered as pensionable earnings in the calculation of Average Final Compensation (AFC) for pension purposes. Yours truly, ▇▇▇▇▇ ▇▇▇▇▇▇ Manager Human Resources Original Date: April 1, 2010

Special Retirement Bonus. If Executive voluntarily terminates employment in connection with her retirement from the homebuilding industry after May 15, 2013 (which date constitutes a “separation from service” within the meaning of Section 409A of the Code), the Company shall pay to the Executive a special retirement bonus equal to one million dollars ($1,000,000), such amount to be payable in equal installments at the same time and in the same amount as the first $1 million dollars ($1,000,000) would have been payable to Executive under Section 6(a)(i) (provided that the last payment shall be the balance of the amount owed), conditioned on the Executive providing the Company with notice of her intent to retire at least ninety (90) days prior to the Date of Termination; and, provided that Executive executes a Release in accordance with the procedures and requirements under Section 6(a)(vi) (substituting Section 6(d) for Section 6(a)). For purposes of this Agreement, “retirement from the homebuilding industry” shall mean that Executive shall not be employed in any capacity by any company engaged in homebuilding within five (5) years following the Date of Termination, and in connection therewith, if Executive does not remain so retired for such period, she agrees that she shall be required to repay the Company all amounts received hereunder.”

Special Retirement Bonus