Common use of Termination on Retirement Clause in Contracts

Termination on Retirement. The Employment shall automatically terminate on the last day of the month in which the Executive reaches her sixty-fifth (65th) birthday (the “Retirement Date”) and the Executive shall thereafter be entitled only to payment of the Accrued Obligations.

Appears in 4 contracts

Samples: Service Agreement, Service Agreement (Glaxosmithkline PLC), Service Agreement (Glaxosmithkline PLC)

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Termination on Retirement. The Employment shall automatically terminate on the last day of the month in which the Executive reaches her sixty-fifth his sixtieth (65th60th) birthday (the “Retirement Date”) and the Executive shall thereafter be entitled only to payment of the Accrued Obligations.

Appears in 4 contracts

Samples: Uk Service Agreement (Glaxosmithkline PLC), Service Agreement (Glaxosmithkline PLC), Service Agreement (Glaxosmithkline PLC)

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Termination on Retirement. The Employment shall automatically terminate on the last day of the month in which the Executive reaches her his sixty-fifth (65th) birthday (the “Retirement Date”) and the Executive shall thereafter be entitled only to payment of the Accrued Obligations.

Appears in 2 contracts

Samples: Service Agreement (Glaxosmithkline PLC), Service Agreement (Glaxosmithkline PLC)

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