Orderly Retirement definition

Orderly Retirement means the voluntary termination of your employment following your delivery of a Notice of Termination on or after July 1, 2025, that specifies a Termination Date that is at least 180 days following the Notice Date.
Sample 1Sample 2
Orderly Retirement means the voluntary termination of your employment with the Company and its Affiliates, provided that: (i) as of the date of such termination, (a) you are at least 55 years of age and have been employed by the Company for at least 10 years, or (b) you are at least 65 years of age and have been employed by the Company for at least 5 years; (ii) you have notified the Company in writing (a) not less than 18 months in advance of the effective date of termination of your employment if you are at least 55 years of age, or (b) not less than 12 months in advance of the effective date of termination of your employment if you are at least 65 years of age; and (iii) the Committee (or its delegate), in its discretion, has approved the termination of your employment as an Orderly Retirement, based upon such factors as it shall consider appropriate, which may include (but shall not be limited to) the existence of an approved succession plan for your position, and your compliance (and expected future compliance) with the restrictive covenants set forth in this Agreement. Death If your Service terminates because of your death, or if you die following your Orderly Retirement and prior to the full vesting of the RSUs, all of the outstanding unvested RSUs granted under this Agreement will automatically vest, effective as of the date of your death.
Sample 1
Orderly Retirement means the voluntary termination of your employment with the Company and its Affiliates, provided that:
Sample 1

Examples of Orderly Retirement in a sentence

  • Payments for Sick Leave Buy Back and/or Orderly Retirement benefits shall be made in three (3) equal annual payments with the first (1st) payment made one (1) year after retirement, and the second (2nd) and third (3rd) payments made on the second (2nd) and third (3rd) anniversary dates of retirement.

  • Retiring teachers who are eligible for this provision as well as the Orderly Retirement Incentive Provision (see Article 50) will be able to access both provisions but the combined financial benefit shall not exceed seven thousand five hundred dollars ($7,500.00) for each teacher who retires.

  • During the Term (as defined below) (including, for purposes of this Section 2, through the Termination Date following your delivery of a Notice of Termination that constitutes an Orderly Retirement under Section 11(e)), you will be the Chief Executive Officer of TPG Inc.

  • If your Service terminates because of your Orderly Retirement (as defined below), the RSUs granted under this Agreement will continue to vest in equal installments on each of the remaining vesting dates in accordance with the vesting schedule set forth above.

  • During the Term (as defined below) (including, for purposes of this Section 2, through the Termination Date following your delivery of a Notice of Termination that constitutes an Orderly Retirement under Section 10(b)(v)), you will hold the position of Founder and Executive Chairman of TPG Inc.

  • Retiring teachers who are eligible for this provision as well as the Orderly Retirement Incentive Provision (see Article 50) will be able to access both provisions, but the combined financial benefit shall not exceed seven thousand five hundred dollars ($7,500.00) for each teacher who retires.

  • Upon your Orderly Retirement, and notwithstanding anything to the contrary (including in the TPH Agreements), you shall vest in full into all of your unvested TPH Interests that were granted or issued to you (including, for the avoidance of doubt, any grants of TPH Partner Units communicated to you in writing in your 2021 compensation review) as of the earlier of (x) the Notice Date and (y) the effective date of the initial public offering of TPG, Inc.

  • Payments for Sick Leave Buy Back and/or Orderly Retirement benefits shall be made in three (3) equal annual payments with the first (1st) payment made one (1) year after retirement and the second (2nd) and third (3rd) payments made on the second (2nd) and third (3rd) anniversary dates of retirement.

  • Death If your Service terminates because of your death, or if you die following your Orderly Retirement and prior to the full vesting of the RSUs, all of the outstanding unvested RSUs granted under this Agreement will automatically vest, effective as of the date of your death.

  • The Orderly Retirement of Inefficient Generators Does Not Pose an Emergency The question of whether additional market reforms should be pursued to mitigate fuel supply risks should not be conflated with the question of whether an emergency exists today.


More Definitions of Orderly Retirement

Orderly Retirement means your ceasing to provide services to the TPG Entities due to (x) your termination with the TPG Entities by them without Cause (as defined in the TPH Agreement) or (y) (i) on or after the first anniversary of the Effective Date (provided, however, that if an IPO occurs within six months of the Effective Date, then no earlier than the first anniversary of the effective date of the IPO), your voluntary termination following your delivery of written notice (the date of such notice or a notice to you from a TPG Entity of termination without Cause, the “Notice Date”) to the Chief Executive Officer of TPG (with a copy to the Chief Human Resources Officer) of such resignation that specifies a resignation date that is at least 180 days following the Notice Date (unless your intent to retire arises from significant and sustained health or family developments, in which case you will provide as much notice as is reasonably practicable under the circumstances) and (ii) as of the Notice Date, your retirement would not trigger a “key man” suspension of the investment period under the limited partnership agreement (or analogous instrument) of any fund of any TPG Entities of which you are a key man (a “Key Man Event”), or any such “key man” condition has been waived by the applicable TPG party with respect to such fund, and, in the case of each of (x) and (y), you make yourself available to provide reasonable assistance and cooperation in transitioning your duties and responsibilities (including by assisting with identifying replacement “key persons” for any relevant TPG funds) and no Specified Action occurs. For the avoidance of doubt, if, as of the Notice Date, your retirement would trigger a Key Man Event, your rights will not be affected by such circumstances if the termination was pursuant to clause (x) and if it was pursuant to clause (y), you will be offered the opportunity to rescind your notice of voluntary termination.
Sample 1

Related to Orderly Retirement

  • Early Retirement means retirement, with consent of the Committee at the time of retirement, from active employment with the Company and any Subsidiary or Parent Corporation of the Company.

  • Early Retirement Age means the date that the Executive has attained age 55 and completed seven Years of Service.

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

  • Normal Retirement Age means the Executive's 65th birthday.

  • Early Retirement Date means: the day on which a Participant who has attained age fifty-five (55), but has not reached age sixty-five (65), with ten (l0) or more years of Credited Service, retires. A Participant is eligible for early retirement on the first day of the calendar month coincidental with or immediately following the attainment of age fifty-five (55) and the completion of ten (l0) years of Credited Service, and "early retirement" shall mean retirement by an eligible Participant at the Early Retirement Date.

  • Disability retirement for plan 1 members, means the period

  • Retirement means Normal or Early Retirement.

  • Normal Retirement Date means the later of the Normal Retirement Age or Termination of Employment.

  • Retirement Eligible means that the Participant has either attained age 55 and completed ten (10) years of Service as an Employee or attained age 60 and completed five (5) years of Service as an Employee.

  • Retirement Eligibility means Employee’s attainment of 60 years of age and ten years of continuous employment with Corporation.

  • Special Retirement means an Optionee’s termination of employment or service with the Employers and Affiliates on or after the later of (i) the Optionee’s attainment of age 62 and (ii) the Optionee’s Early Retirement Date or Normal Retirement Date, as such terms are defined in the Telephone and Data Systems, Inc. Pension Plan.

  • Retirement Plans means the retirement income, supplemental executive retirement, excess benefits and retiree medical, life and similar benefit plans providing retirement perquisites, benefits and service credit for benefits at least as great in the aggregate as are payable thereunder prior to a Change in Control;

  • Qualifying Retirement means the Employee’s voluntary termination of employment after the Employee has (i) attained (X) age sixty-five (65), (Y) age fifty-five (55) with ten (10) Years of Service as a full-time employee of the Partnership or any of its Affiliates, or (Z) an age which, when added to such Years of Service of the Employee equals at least seventy-five (75), and (ii) previously delivered a written notice of retirement to the Partnership and on the date of retirement the Employee has satisfied the minimum applicable advance written notice requirement set forth below: By way of illustration, and without limiting the foregoing, if (i) the Employee is eligible to retire at age fifty-nine (59) after ten (10) Years of Service, (ii) the Employee gives two (2) years notice at age fifty-eight (58) that the Employee intends to retire at age sixty (60), and (iii) the Employee later terminates employment at age fifty-nine (59), then the Employee’s retirement at age fifty-nine (59) would not constitute a Qualifying Retirement. However, if (i) the Employee is eligible to retire at age fifty-nine (59) after ten (10) Years of Service, (ii) the Employee gives two (2) years notice at age fifty-eight (58) that the Employee intends to retire at age sixty (60), and (iii) the Employee terminates employment upon reaching age sixty (60), then the Employee’s retirement at age sixty (60) would constitute a Qualifying Retirement.

  • Disability Retirement Date means the first day of the month following the last day of paid employment;

  • Retirement Age means the earlier to occur of the Participant attaining: (i) age 65 or more; or (ii) age 60 or more with at least 15 years of continuous Service, provided that the Participant has continuously remained in Service from the Award Date until the earlier to occur of (i) or (ii).

  • Early Retirement Benefit means the retirement benefit payable to a member following early

  • Retirement program means a program of rights and obligations which a county, city, village, or township establishes, maintains, or participates in and which, by its express terms or as a result of surrounding circumstances, does 1 or more of the following:

  • Social Security Retirement Age means the age used as the retirement age under Section 216(l) of the Social Security Act, applied without regard to the age increase factor and as if the early retirement age under Section 216(l)(2) of such Act were 62.

  • Retirement Date means the date as of which a Participant retires for reasons other than Total and Permanent Disability, whether such retirement occurs on a Participant's Normal Retirement Date or Late Retirement Date (see Section 6.1).

  • Earliest Retirement Age means the earliest date on which, under the Plan, the Participant could elect to receive retirement benefits.

  • Qualified Retirement means any termination of your employment with the Company Group that occurs on or after your 60th birthday, at a time when no member of the Company Group is entitled to discharge you for Cause, so long as you have served the Company Group continuously for at least the five-year period immediately preceding that termination.

  • Normal Retirement Benefit means the benefit described in Section 2.1.

  • Public employees retirement system means the retirement plan and program

  • Retirement Savings Plan means the Air Products and Chemicals, Inc. Retirement Savings Plan, as amended from time to time, together with any similar, succeeding or substitute plan.

  • Retirement Plan means a plan which provides retirement benefits to you and which is not funded wholly by your contributions. The term shall not include a profit-sharing plan, informal salary continuation plan, registered retirement savings plan, stock ownership plan, 401(K) or a non-qualified plan of deferred compensation.

  • Involuntary Termination of Employment means the Termination of Service by the Company or Subsidiary other than a termination for Cause, or termination of employment by a Participant Employee for Good Reason.