Termination Due to Retirement. Upon termination of the Executive based on Retirement, no amounts or benefits shall be due the Executive under this Agreement, and the Executive shall be entitled to all benefits under any retirement plan of the Company and other plans to which the Executive is a party. Termination of the Executive’s employment based on “Retirement” shall mean termination of the Executive’s employment in accordance with a retirement policy established by the Board with the Executive’s consent.
Appears in 6 contracts
Samples: Employment Agreement (PCSB Financial Corp), Employment Agreement (PCSB Financial Corp), Employment Agreement (PCSB Financial Corp)
Termination Due to Retirement. Upon termination of the Executive based on Retirement, no amounts or benefits shall be due the Executive under this Agreement, and the Executive shall be entitled to all benefits under any retirement plan of the Company Bank and other plans to which the Executive is a party. Termination of the Executive’s employment based on “Retirement” shall mean termination of the Executive’s employment in accordance with a retirement policy established by the Board with the Executive’s consent.
Appears in 5 contracts
Samples: Employment Agreement (PCSB Financial Corp), Employment Agreement (PCSB Financial Corp), Employment Agreement (PCSB Financial Corp)
Termination Due to Retirement. Upon termination of the Executive based on Retirement, no amounts or benefits shall be due the Executive under this Agreement, and the Executive shall be entitled to all benefits under any retirement plan of the Company Bank and other plans to which the Executive is a party. Termination of the Executive’s employment based on “Retirement” shall mean termination of the Executive’s employment in accordance with a retirement policy established by the Board with the or if no retirement policy exists, termination of Executive’s consentemployment for any reason after Executive attains age 65.
Appears in 3 contracts
Samples: Employment Agreement (Lake Shore Bancorp, Inc.), Employment Agreement (Lake Shore Bancorp, Inc.), Employment Agreement (Lake Shore Bancorp, Inc.)
Termination Due to Retirement. Upon termination of the The Executive based on Retirement, no amounts or benefits shall be due the Executive under may terminate this Agreement, Agreement and the Executive shall be entitled Executive’s employment due to all benefits under any retirement plan of the Company and other plans to which the Executive is a partyretirement. Termination of the Executive’s employment based on “Retirement” shall mean termination of the Executive’s employment in accordance with a retirement policy established by the Board with Board, provided that any such retirement policy shall include a provision which requires that the Bank shall fully vest the Executive in any non-qualified deferred compensation plan(s) sponsored by the Bank or the Company, in which the Executive participates, effective upon the Executive’s consentdate of retirement.
Appears in 2 contracts
Samples: Employment Agreement (NB Bancorp, Inc.), Employment Agreement (NB Bancorp, Inc.)
Termination Due to Retirement. Upon termination of the Executive based on Retirement, no amounts or benefits shall be due the Executive under this Agreement, and the Executive shall be entitled to all benefits under any retirement plan of the Company Bank and other plans to which the Executive is a party. Termination of the Executive’s employment based on “Retirement” shall mean termination of the Executive’s employment in accordance with a retirement policy established by the Board with the Executive’s consent.on
Appears in 1 contract
