Upon Death or Retirement. Upon the death or Retirement of Employee, Employee’s employment under this Agreement will terminate automatically and without further notice, effective as of the date of death or Retirement. For all purposes of this Agreement, “Retirement” means Employee’s termination of employment under the terms of the applicable Nordson retirement plan as in effect immediately before the Change in Control Date.
Upon Death or Retirement. Upon death or retirement from employment, one-half (1/2) of the unused portion of sick leave, excluding the deferred bank, shall be granted as severance pay to the employee or be paid to the employee's estate. Retirement is defined as terminating employment with the City and meeting the age and service requirements on the date of termination to receive retirement benefits from Public Employees Retirement Association.
Upon Death or Retirement. Upon the death or Retirement of Executive, Executive’s employment under this Agreement will terminate without further notice, effective as of the date of death or Retirement. For all purposes of this Agreement, “Retirement” means Executive’s termination of employment under the terms of the applicable Nordson retirement plan as in effect immediately before the Change-in-Control Date.
Upon Death or Retirement. Effective July 1, 1997, upon death or retirement of an employee, the employer shall pay forty percent (40%) for unused accumulated sick leave (without shift differential, etc.) up to a maximum of $20,000.00 of an employee’s regular basic salary. No such payment shall be made upon termination of employment for any other reason. Payment made hereunder concerning a deceased employee shall be made in accordance with Massachusetts General laws, Chapter 14, Section 111-I, as retirement of an employee on or after July 1, 1997.
