Effective Retirement Date definition
Effective Retirement Date means the first day of the month coinciding with or following:
Effective Retirement Date. - means the date upon which a Participant retires under this Plan which shall be the first day of the month following the Participant's 62nd birthday or, at Ashland's discretion or as otherwise provided in Article V or VI, any earlier age. Upon approval as provided in Sections 3.01 and 3.02, the "Effective Retirement Date" of a Participant may occur after the Employee reaches age 62. The Effective Retirement Date of an Employee who becomes a Participant under Section 3.03 because of a Change in Control and who is considered to be a Level I or II participant in the Incentive Compensation Plan and who has an Employment Agreement shall be the first day of the month following (i) such Employee's termination for reasons other than "Cause" or (ii) such Employee's resignation for "Good Reason." The Effective Retirement Date of an Employee who becomes a Participant under Section 3.03 because of a Change in Control and who is considered to be a Level III, IV or V participant in the Incentive Compensation Plan, or who is considered to be a Level I or II participant in the Incentive Compensation Plan and who does not have an Employment Agreement, shall be the first day of the month following such Employee's termination for reasons other than "Cause". For Employees who do not have an Employment Agreement with Ashland, "Cause" shall have the meaning given to that word in Section 3.05.
Effective Retirement Date means the first day of the month in which a member requests to receive retirement benefits and for which the member submits a timely retirement application;
Examples of Effective Retirement Date in a sentence
In exchange for the promises and releases of ▇▇▇▇▇▇▇, CONVERGYS agrees that ▇▇▇▇▇▇▇’ outstanding vested stock options may continue to be exercised by ▇▇▇▇▇▇▇ until the end of the 60 business day period following his Effective Retirement Date.
The Calculation Date for the Value of all Performance Units which have not been terminated and canceled as a result of Sections 2(a) and (b) above shall be the Officer's Effective Retirement Date.
More Definitions of Effective Retirement Date
Effective Retirement Date means, for purposes of ATRS retirement benefits, the 1st day of the month in which the member requests to receive retirement benefits and for which the member has submitted a timely retirement application.
Effective Retirement Date means the Participant's Effective Retirement Date as that term is defined in the Qualified Plan.
Effective Retirement Date means the first day retirement begins for a member or deferred participant who is eligible for retirement. If the pension system receives a member's application for normal retirement before the member's separation from service or not later than the 90th day after the date of the member's separation from service, the effective retirement date is the later of the first day of the month following the month of separation or the date specified in the application. If the pension system receives the member's application after the 90th day after the date of the member's separation from service, the effective retirement date is the later of the first day of the month after the pension system receives the application or the date specified in the application. The effective retirement date for a member who qualifies for a service or ordinary disability retirement is the later of the day following the member's last day of credited service or the date the pension system receives the member's request for disability retirement.
Effective Retirement Date essentially means the normal retirement date or early retirement date. See § 1.18 ("Effective Retirement Date"). The normal retirement date is the first day of the month coinciding with or otherwise next following a participant's 60th birthday. See § 1.23 ("Normal Retirement Date"). The early retirement date is the first day of the month on which a participant elects to retire and receive a pension, provided that he is at least 50 years old. See § 1.15(a) ("Early Retirement Date").
Effective Retirement Date means the date the member is eli- gible to retire and has indicated on their retirement application.
Effective Retirement Date. - means: (a) AFTER JUNE 30, 2003. After June 30, 2003, the Effective Retirement Date of an Employee that is a Participant under Section 3.01 is whichever of the following applies, so long as the Participant has at least five years of Continuous Service. (1) The Effective Retirement Date is the first day of the month following the date a Participant incurs a Termination of Employment - (i) on or after the date the sum of the Participant's Age and Continuous Service is 80; or (ii) on or after the date the Participant attains Age 55. (2) The Effective Retirement Date of a Participant that incurs a Termination of Employment before the dates specified in (1) above is the first day of the month following the date the Participant attains Age 55.
Effective Retirement Date means Bernstock's Effective Retirement Date, as that term is defined in the Qualified Plan.