Early Retirement definition
Examples of Early Retirement in a sentence
Early Retirement after One Month of Participation, Layoff after One Year of Participation, or Death or Disability after the Grant Date.
In the event that Optionee’s employment by or service to the Company or the Employer is terminated (“Termination of Service”) for any reason other than death, Disability (as defined in the Plan), Qualifying or Early Retirement (as defined below), and the Options are not yet fully vested as of the termination date, then any unvested Options shall be forfeited immediately upon such termination date, subject to Section 17 of the Plan.
If you accept the award, the full number of PSUs shall be vested after the date of your Termination of Employment due to Normal Retirement provided such termination occurs at least six months after the beginning of your participation in the Performance Share Program during Performance Period 26 (any Normal Retirement which occurs prior to such six-month period will be treated as an Early Retirement under Section 6(a)).
In the event that Participant’s employment by or service to the Company or the Employer is terminated (“Termination of Service”) for any reason other than death, Qualifying or Early Retirement (as defined below) and provided that the Participant has not experienced a Disability as of the Termination of Service, then any unvested Restricted Stock Units shall be forfeited immediately upon such termination date, subject to Section 17 of the Plan.
For the avoidance of doubt, in the event the Participant experiences death or Disability after a Qualifying or Early Retirement, this Section 4(b) shall not apply, and the applicable provisions of Section 4(c) below shall control.