Termination Prior to Retirement Sample Clauses

Termination Prior to Retirement. If the employment of the Employee shall terminate for any reason before his completion of ten (10) years of service with the Company and attainment of age Fifty-five (55), he and his beneficiaries shall be entitled to no benefits under this agreement, except that if such termination is by reason of the Employee’s death, this Article shall not apply and the provisions of Article II shall apply to said Employee.
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Termination Prior to Retirement. (a) Upon the Executive's Termination of employment with the Company (other than Termination for Cause or a Termination specified in paragraph (b) below) prior to Normal Retirement or Early Retirement and when the Executive is Vested, he will receive benefits in accordance with Sections 2.1, 2.3 and 2.4 of this Agreement (using his Retirement Percentage and Final Average Earnings as of the date of Termination of employment), commencing on the last day of the calendar month following the month in which the Executive attains age 65.
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Termination Prior to Retirement. Upon the termination for any reason (other than disability) of a manager who does not have five years of TVA service, the balance of the manager's account, including accrued interest and return, shall be paid to the manager in a lump sum not later than the last day of the first full calendar month following the termination.
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Termination Prior to Retirement. (a) If the Executive's employment hereunder is terminated for any reason other than death and disability before the Executive shall have reached retirement, then the Executive shall receive the Account in 10 annual installments, said installments to be adjusted annually in accordance with paragraph 5(b). Notwithstanding the foregoing, if before reaching retirement the Executive should die, or if before reaching retirement the Executive should become disabled, then payments shall be made in the same manner and to the same extent as set forth in paragraph 5(e) and 5(f), respectively.
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Termination Prior to Retirement. An employee who terminates from the employ of the Hospital for reasons other than retirement, under the Hospital’s retirement plan, will be required to use the account for reimbursement of qualified, post-tax medical expenses. Such an employee will not be eligible to participate in the group medical insurance program maintained by or on behalf of the Hospital.
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Termination Prior to Retirement 
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Related to Termination Prior to Retirement

  • Termination by Reason of Retirement If the Grantee’s employment by the Company terminates by reason of Retirement (as defined in the Plan), the Restricted Stock Units granted hereunder shall not be forfeited but shall continue to vest and be settled in Stock to the Grantee on the same schedule as provided in Section 2 (or otherwise) as if the Grantee had continued employment through each such Vesting Date (or such other vesting event pursuant to Section 3.4 or Section 5.2).

  • TERMINATION UPON RETIREMENT Termination of Executive’s employment based on “

  • Termination Due to Retirement Subject to Section 7 below, in the event of Termination due to Retirement, then (regardless of any subsequent death of the Employee) the Option will continue to vest pursuant to Section 3, and the last date on which the Option may be exercised is the day prior to the Expiration Date.

  • Benefits Termination Except for any right the Executive may have under the federal law known as “COBRA” or other applicable law to continue participation in the Company’s group health and dental plans at his cost, the Executive’s participation in all employee benefit plans shall terminate in accordance with the terms of the applicable benefit plans based on the date of termination of his employment, without regard to any continuation of the Base Salary or other payment to the Executive following termination of his employment, and the Executive shall not be eligible to earn vacation or other paid time off following the termination of his employment.

  • Termination of 401(k) Plan The Company agrees to terminate its 401(k) plan immediately prior to the Closing, unless Parent, in its sole and absolute discretion, agrees to sponsor and maintain such plan by providing the Company with notice of such election at least five days before the Effective Time.

  • Compensation Following Termination of Employment In the event that Executive's employment hereunder is terminated, Executive shall be entitled to the following compensation and benefits upon such termination:

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