Bona fide retirement means a retirement by a vested member which meets the requirements of section 97B.52A and in which the member is eligible to receive benefits under this chapter.
Bona fide retirement means that the retired member has been absent from service with all participating employers and all employers in a controlled group with a participating employer for at least six full calendar months between the effective date of retirement and the date of hire.¶
Bona fide retirement means that the Employee has voluntarily terminated employment with the Company and its Subsidiaries during the Second Restriction Period for a reason other than (i) to take full-time, or substantially full-time, employment with any other employer, person or entity (in whatever capacity) within twenty-four (24) months from his termination of employment date, or (ii) at any time, Employee engages in any activity in competition with any activity of the Company or any Subsidiary, or inimical, contrary or harmful to the interests of the Company or any Subsidiary without the consent of the Company, in each case as determined by the Committee in the exercise of its discretion (each a “Prohibited Activity”), including without limitation, the following Prohibited Activities:
Examples of Bona fide retirement in a sentence
The Board, in its sole discretion, will determine whether Executive meets certain age and service criteria set by the board, and whether Executive therefore qualifies for a Bona Fide Retirement under this section.
During the Term, if the Executive’s employment is terminated by the Company without Cause as provided in Section 3(d), or the Executive terminates his employment for Good Reason as provided in Section 3(e) or for a Bona Fide Retirement, as provided in Section 3(g), then the Company shall pay the Executive his Accrued Benefit.
More Definitions of Bona fide retirement
Bona fide retirement resignation by an employee, director or consultant of a Group Company without the intention of taking up new employment or a directorship in a financial services or insurance business during the Restricted Period, other than acting as a part-time non-executive director in a business that is not conducting a Competing Activity; "Budget" the budget for the Group, approved or amended from time to time by the Board; "Business" the profession, trade or business of underwriting insurance or reinsurance business on behalf of third parties to be carried on by the Company and/or any Subsidiaries or any such other business determined by the Board in accordance with this Deed; "Business Day" a day other than a Saturday, Sunday or public holiday in London, United Kingdom or New York City, USA; "Business Plan" the plan for the Business and related forecasts and projections, including proposals for the establishment of further Subsidiaries, as may be amended from time to time by the Board; "Callable Shares" in respect of a Called Shareholder: (a) on a proposed sale of Cirrata's Shares which would result in a Loss of Control but not a Change of Control, such number of Shares which represents the same proportion of Shares as Cirrata proposes to sell to the Proposed Buyer; and (b) on a proposed sale of Cirrata's Shares which would result in a Change of Control, all of the Shares held by the Called Shareholder; "Called Shareholder" as defined in clause 13.4.1(a); "Called Shares" means all Called Shares for which Cirrata has exercised its Drag Along Option; "Call Option" as defined in clause 13.2.2; “Cash Held for Working Capital Requirement” an amount equal to estimated trapped cash of the Company or the relevant Subsidiary based on three months’ budgeted expenses, which are to be assessed by the Board as budgeted expenses (including the estimated bonus payment but excluding expenses recharged, whether through a service fee for personnel services or an expense recharge to a Syndicate by a Group Company save for any profit element in such recharged expenses) less budgeted investment income for the following financial year, divided by four; which estimate will be undertaken on a Group Company by Group Company basis, with adjustment made for the Company’s ownership stake "Change of Control" a transaction or series of transactions pursuant to which a person or connected persons acting in concert (other than a person who is a member of the Ambac Group) acquires a majority of eit...
Bona fide retirement means a complete cessation of all employment relationships between the member and any participating employer, regardless of whether the position is one that participates in TRS, and that there shall be no prearranged agreement prior to retirement between the member and any participating employer that the member will be reemployed or otherwise return to work for the employer in any capacity.
Bona fide retirement means the Participant’s Retirement during which the Participant does not: