Examples of Director Retirement in a sentence

If a Participant is both an Employee and a Director, Retirement shall not occur until he or she Retires as both an Employee and a Director.
Subject to the Fund's Director Retirement policy, each director (after being elected) shall hold office until his or her successor is elected and qualified or until his or her earlier death, resignation or removal.
In the event and to the extent of the Retirement or Termination and/or, as applicable, the Director Retirement or Director Termination of the Participant from all such roles with the Company following the Restricted Period and prior to a Deferred Payment Date, the Participant shall be entitled to receive, and the Company shall issue forthwith, Shares in satisfaction of the Restricted Share Rights then held by the Participant.
In the event of the Director’s Termination of Service due to Disability, or completion of term as a Director, Retirement, the Director may, within three (3) years after the date of such Termination, or prior to the Expiration Date, whichever shall first occur, exercise this option.
Each of the Options and Stock Appreciation Right Awards held by such an Outside Director shall expire on the earlier of (i) the date that such Option or Stock Appreciation Right Award expires in accordance with its terms or (ii) the five year anniversary date of such Outside Director Retirement.

More Definitions of Director Retirement

Director Retirement in respect of a Participant, means the Participant ceasing to hold any directorships with the Corporation, any Designated Affiliate and any entity related to the Corporation for purposes of the Income Tax Act (Canada) after attaining a stipulated age in accordance with the Corporation’s normal retirement policy, or earlier with the Corporation’s consent.

Director Retirement means the retirement of an Eligible Director from service on the Board after having (i) attained the age of 65 or (ii) served at least nine years as a member of the Board, unless the Board specifies a shorter period of required service which shall in no event be fewer than six years.

Director Retirement means retirement of the director on or after attaining the age of 55. Notwithstanding the foregoing, retirement of a Non- Employee Director shall not be deemed to have occurred unless is constitutes a “separation from service” within the meaning of any regulations, revenue procedure or revenue rulings issued by the Secretary of the United States Treasury applicable to Section 409A(d) of the Code.

Director Retirement means mandatory retirement from service as a member of the Board pursuant to the Corporation's policies.

Director Retirement means mandatory retirement from service as a member of the Board pursuant to the Corporation’s policies.

Director Retirement in respect of a Participant, means the Participant ceasing to hold any directorships with the