Common use of Voluntary Retirement Clause in Contracts

Voluntary Retirement. Upon Executive's voluntary retirement after age sixty-two years and six months (62-1/2) (i) during the Original Term of Employment pursuant to Paragraph 16(b), or (ii) after expiration of the Original Term of Employment if Executive's employment continues without written agreement, Executive shall receive the severance benefits described under Paragraph 5(c), i.e., as if the severance was a termination without cause by Employer plus an additional six months pay up to a maximum payment of twenty-four (24) months. In order to exercise his rights under this Subparagraph 5(f), Executive shall provide Employer at least six (6) months' prior written notice of his voluntary retirement. The amount due to Executive under this subparagraph 5(f) shall be paid in accordance with paragraph 5 (i). Executive has "voluntarily retired" if he has "separated from service" as defined in Section 409A and the Treasury Regulations.

Voluntary Retirement. Upon Executive's voluntary retirement after age sixty-two years and six months (62-1/262 ½) (i) during the Original Term of Employment pursuant to Paragraph 16(b), or (ii) after expiration of the Original Term of Employment if Executive's employment continues without written agreement, Executive shall receive the severance benefits described under Paragraph 5(c), i.e., as if the severance was a termination without cause by Employer plus an additional six months pay up to a maximum payment of twenty-four (24) months. In order to exercise his rights under this Subparagraph 5(f), Executive shall provide Employer at least six (6) months' prior written notice of his voluntary retirement. The amount due to Executive under this subparagraph 5(f) shall be paid in accordance with paragraph 5 (i). Executive has "voluntarily retired" if he has "separated from service" as defined in Section 409A and the Treasury Regulations.

Voluntary Retirement. Upon Executive's voluntary retirement after age sixty-two years and six months (62-1/2) (i) during the Original Term of Employment pursuant to Paragraph 16(b), or (ii) after expiration of the Original Term of Employment if Executive's employment continues without written agreement, Executive shall receive the severance benefits described under Paragraph 5(c), i.e., as if the severance was a termination without cause by Employer plus an additional six months pay up to a maximum payment of twenty-four (24) months. In order to exercise his rights under this Subparagraph 5(f), Executive shall provide Employer at least six (6) months' prior written notice of his voluntary retirement. .The amount due to Executive under this subparagraph 5(f) shall be paid in accordance with paragraph 5 (i). Executive has "voluntarily retired" if he has "separated from service" as defined in Section 409A and the Treasury Regulations.

Voluntary Retirement. Upon Executive's voluntary retirement after age sixty-two years and six months (62-62 1/2) (i) during the Original Term of Employment pursuant to Paragraph 16(b), or (ii) after expiration of the Original Term of Employment if Executive's employment continues without written agreement, Executive shall receive the severance benefits described under Paragraph 5(c), i.e., as if the severance was a termination without cause by Employer plus an additional six months pay up to a maximum payment of twenty-four (24) months. In order to exercise his rights under this Subparagraph 5(f), Executive shall provide Employer at least six (6) months' prior written notice of his voluntary retirement. The amount due to Executive under this subparagraph 5(f) shall be paid in accordance with paragraph 5 (i). Executive has "voluntarily retired" if he has "separated from service" as defined in Section 409A and the Treasury Regulations.

Voluntary Retirement. Upon Executive's voluntary retirement after age sixty-two years and six months (62-62 1/2) (i) during the Original Term of Employment pursuant to Paragraph 16(b), or (ii) after expiration of the Original Term of Employment if Executive's employment continues without written agreement, Executive shall receive the severance benefits described under Paragraph 5(c), i.e., as if the severance was a termination without cause by Employer plus an additional six months pay up to a maximum payment of twenty-four (24) months. In order to exercise his rights under this Subparagraph 5(f), Executive shall provide Employer at least six (6) months' prior written notice of his voluntary retirement. .The amount due to Executive under this subparagraph 5(f) shall be paid in accordance with paragraph 5 (i). Executive has "voluntarily retired" if he has "separated from service" as defined in Section 409A and the Treasury Regulations.

Voluntary Retirement. Upon Executive's voluntary retirement after age sixty-two years and six months sixty (62-1/260) years, (i) during the Original Term of Employment pursuant to Paragraph 16(b), or (ii) after expiration of the Original Term of Employment if Executive's employment continues without written agreement, Executive shall receive the severance benefits described under Paragraph 5(c), i.e., as if the severance was a termination without cause by Employer plus an additional six months pay Employer, up to a maximum payment of twenty-four (24) months. In order to exercise his rights under this Subparagraph 5(f), Executive shall provide Employer at least six (6) months' prior written notice of his voluntary retirement. The amount due to Executive under this subparagraph 5(f) shall be paid in accordance with paragraph 5 (i). Executive has "voluntarily retired" if he has "separated from service" as defined in Section 409A and the Treasury Regulations.