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Common use of TERMINATION UPON RETIREMENT, DISABILITY OR DEATH Clause in Contracts

TERMINATION UPON RETIREMENT, DISABILITY OR DEATH. (a) Termination by the Employer of the Executive based on “Retirement” shall mean termination in accordance with the Employer’s retirement policy or in accordance with any retirement arrangement established with Executive’s consent with respect to him. Upon termination of Executive upon Retirement, no amounts or benefits shall be due to Executive under the Agreement, and Executive shall be entitled to all benefits under any retirement plan of the Employer and other plans to which Executive is a party.

Appears in 1 contract

Samples: Employment Agreement (Pathfinder Bancorp Inc)

TERMINATION UPON RETIREMENT, DISABILITY OR DEATH. (a) Termination by the Employer of the Executive based on “Retirement” shall mean termination in accordance with the Employer’s retirement policy or in accordance with any retirement arrangement established with Executive’s consent with respect to him. Upon termination of Executive upon Retirement, no amounts or benefits shall be due to Executive under the this Agreement, and Executive shall be entitled to all benefits for which he is eligible under any retirement plan of the Employer and other plans to which Executive is a party.

Appears in 1 contract

Samples: Employment Agreement (Pathfinder Bancorp Inc)

TERMINATION UPON RETIREMENT, DISABILITY OR DEATH. (a) Termination by the Employer Bank of the Executive based on “Retirement” shall mean termination in accordance with of service as an employee on or after the Employer’s retirement policy attainment of age 65 or in accordance with any retirement arrangement established with Executive’s consent with respect to him. Upon termination of Executive employment upon Retirementretirement, no amounts or benefits shall be due to Executive under the this Agreement, and Executive shall be entitled to all benefits under any retirement plan of the Employer Bank and other plans to which Executive is a party.

Appears in 1 contract

Samples: Employment Agreement (Westbury Bancorp, Inc.)

TERMINATION UPON RETIREMENT, DISABILITY OR DEATH. (a) Termination by the Employer of the Executive based on “Retirement” shall mean termination in accordance with the Employer’s retirement policy or in accordance with any retirement arrangement established with Executive’s consent with respect to him. Upon termination of Executive upon Retirement, no amounts or benefits shall be due to Executive under the this Agreement, and and, Executive shall be entitled to all benefits for which he is eligible under any retirement plan of the Employer and other plans to which Executive is a partyparty or in which he participated immediately prior to his Date of Termination.

Appears in 1 contract

Samples: Employment Agreement (Carolina Financial Corp)

TERMINATION UPON RETIREMENT, DISABILITY OR DEATH. (a) Termination by the Employer Bank of the Executive based on "Retirement" shall mean termination in accordance with the Employer’s Bank's retirement policy or in accordance with any retirement arrangement established with Executive’s 's consent with respect to him. Upon termination of Executive upon Retirement, no amounts or benefits shall be due to Executive under the Agreement, and Executive shall be entitled to all benefits under any retirement plan of the Employer Bank and other plans to which Executive is a partyparty or in which he participated immediately prior to his Date of Termination.

Appears in 1 contract

Samples: Employment Agreement (Carolina Financial Corp)

TERMINATION UPON RETIREMENT, DISABILITY OR DEATH. (a) Termination by the Employer Bank of the Executive based on "Retirement" shall mean termination in accordance with the Employer’s Bank's retirement policy or in accordance with any retirement arrangement established with the Executive’s 's consent with respect to him. Upon termination of Executive employment upon Retirement, no amounts or benefits shall be due to Executive under the Agreement, and Executive shall be entitled to all benefits under any retirement plan of the Employer Bank and other plans to which the Executive is a party.

Appears in 1 contract

Samples: Employment Agreement (Jacksonville Bancorp Inc)

TERMINATION UPON RETIREMENT, DISABILITY OR DEATH. (a) Termination by the Employer Bank of the Executive based on “Retirement” shall mean termination in accordance with the EmployerBank’s retirement policy or in accordance with any retirement arrangement established with the Executive’s consent with respect to him. Upon termination of Executive employment upon Retirement, no amounts or benefits shall be due to Executive under the Agreement, and Executive shall be entitled to all benefits under any retirement plan of the Employer Bank and other plans to which the Executive is a party.

Appears in 1 contract

Samples: Employment Agreement (Jacksonville Bancorp Inc)