Termination Due to Retirement or Death. (a) In the event the Senior Vice President’s employment ends by reason of Retirement (as defined below), the Date of Termination shall be the date set forth in a notice by the Senior Vice President, which notice shall be given to the Company at least ninety (90) days prior to such date. In the event of the Senior Vice President’s death, the Date of Termination shall be the date of death. In either case, the Senior Vice President’s benefits shall be determined in accordance with the Company’s retirement, survivor’s benefits, insurance and other applicable plans and programs of the Company then in effect. For the purposes of this Agreement, “
Appears in 2 contracts
Samples: Severance Agreement (Carmax Inc), Severance Agreement (Carmax Inc)
Termination Due to Retirement or Death. (a) In the event the Senior Vice President’s employment ends by reason of Retirement (as defined below), the Date of Termination shall be the date set forth in a notice by the Senior Vice President, which notice shall be given to the Company at least ninety (90) days prior to such date. In the event of the Senior Vice President’s death, the Date of Termination shall be the date of death. In either case, the Senior Vice President’s benefits shall be determined in accordance with the Company’s retirement, survivor’s benefits, insurance and other applicable plans and programs of the Company then in effect. For the purposes of this Agreement, “
Appears in 2 contracts
Samples: Severance Agreement (Carmax Inc), Severance Agreement (Carmax Inc)
Termination Due to Retirement or Death. (a) In the event the Senior Vice President’s employment ends by reason of Retirement (as defined below), the Date of Termination shall be the date set forth in a notice by the Senior Vice President, which notice shall be given to the Company at least ninety (90) days prior to such date. In the event of the Senior Vice President’s death, the Date of Termination shall be the date of death. In either case, the Senior Vice President’s benefits shall be determined in accordance with the Company’s retirement, survivor’s benefits, insurance and other applicable plans and programs of the Company then in effect. For the purposes of this Agreement, “
Appears in 1 contract
Samples: Severance Agreement (Carmax Inc)
