Normal Retirement definition

Normal Retirement means retirement from active employment with the Company or any Subsidiary on or after age 65.

Normal Retirement means retirement from active employment with the Company or any Subsidiary on or after such age which may be designated by the Committee as “retirement age” for any particular Holder. If no age is designated, it shall be 65.

Normal Retirement means retirement from active employment with the Company and any Subsidiary or Parent Corporation of the Company on or after age 65.

Examples of Normal Retirement in a sentence

• The percentage is equal to the number of days in the Plan Year before the Executive attained Normal Retirement Age, divided by 365.

• If Separation from Service occurs before Normal Retirement Age for reasons other than death or Termination with Cause, instead of any other benefit under this Agreement the Bank will pay to the Executive the Account Balance as of the end of the month immediately before the month in which payments commence, unless the Change-in-Control benefit has been paid under section 3.

• Unless Separation from Service or a Change in Control occurs before Normal Retirement Age, when the Executive attains Normal Retirement Age the Bank will pay to the Executive the Account Balance as of the end of the month in which the Executive attains Normal Retirement Age, instead of any other benefit under this Agreement.

• If a Change in Control occurs both before the Executive attains Normal Retirement Age and before the Executive’s Separation from Service, instead of any other benefit payable under this Agreement the Bank will pay to the Executive the entire Account Balance in a single lump sum on the day of the Change in Control.

• The Annual Contribution will not be made by the Bank for the Plan Year in which the Executive attains Normal Retirement Age or for any year thereafter.

More Definitions of Normal Retirement

Normal Retirement means retirement from active employment with the Company and its Subsidiaries in accordance with the retirement policies of the Company and its Subsidiaries then in effect.

Normal Retirement means a Grantee’s termination of employment that is treated by the Participating Company as a retirement under its employment policies and practices as in effect from time to time.

Normal Retirement means retirement on or after the Participant’s Normal Retirement Date.

Normal Retirement means retirement from active employment with the Company, a Subsidiary or Affiliate at or after age 65.

Normal Retirement means retirement on or after age 65;

Normal Retirement means retirement in good standing from active employment with the Company and its Affiliates in accordance with the retirement policies of the Company and its Affiliates then in effect.

Normal Retirement means retirement from active employment with the Company and its Subsidiaries following both attainment of age 65 and completion of five years of service with the Company and its Subsidiaries.