Common use of Termination for Retirement Clause in Contracts

Termination for Retirement. Termination by the Company of the Executive's employment based on "Retirement" shall mean termination in accordance with the Corporation's normal retirement policy applicable to its salaried employees as in effect immediately prior to the Change in Control or in accordance with any other retirement arrangement established with the Executive's consent with respect to the Executive.

Appears in 2 contracts

Samples: Severance Agreement (Max & Ermas Restaurants Inc), Severance Agreement (Max & Ermas Restaurants Inc)

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Termination for Retirement. Termination by the Company Corporation of the Executive's employment based on "Retirement" shall mean termination in accordance with the Corporation's normal retirement policy applicable to its salaried employees as in effect immediately prior to the Change in Control or in accordance with any other retirement arrangement established with the Executive's consent with respect to the Executive.

Appears in 1 contract

Samples: Severance Agreement (Worthington Foods Inc /Oh/)

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Termination for Retirement. Termination by the Company of the Executive's ’s employment based on "Retirement" shall mean termination in accordance with the Corporation's ’s normal retirement policy applicable to its salaried employees as in effect immediately prior to the Change in Control or in accordance with any other retirement arrangement established with the Executive's ’s consent with respect to the Executive.

Appears in 1 contract

Samples: Severance Agreement (Max & Ermas Restaurants Inc)

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