Qualified Retiree definition

Qualified Retiree means a retiree who is eligible to receive the annual supplemental benefit set forth in Division 15.

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Qualified Retiree shall be an Optionee who (a) voluntarily terminates his or her employment with, or is terminated without cause by the Company or one of its subsidiaries and (b) has attained the age of fifty-five (55) and have at least ten (10) years of continuous service, or attained the age of sixty (60) with at least five (5) years of continuous service on his or her last date of employment (the “Retirement Date”). Options unvested at the Retirement Date are forfeited. The Committee shall have the authority in its sole discretion to make any interpretations, determinations, and/or take any administrative actions with respect to whether Optionee shall be deemed a Qualified Retiree.

Qualified Retiree as used herein means a person within the bargaining unit who has worked full time for the Township for at least twenty (20) years and is at least age sixty-two (62) or who has worked full time for the Township for twenty-five (25) years. Employees hired after January 1, 2005 must have twenty-five years of service and have reached the age of fifty-five (55) or have twenty years of service and have reached the age of sixty-two

Examples of Qualified Retiree in a sentence

The Committee shall have the authority in its sole discretion to make any interpretations, determinations, and/or take any administrative actions with respect to whether Optionee shall be deemed a Qualified Retiree.
Effective as of the Distribution Date, eFunds and iDLX Employees who have satisfied the age, service and/or other requirements necessary to become a Qualified Retiree (as defined under the Deluxe MPP) shall be eligible to receive retiree medical benefits under the Deluxe MPP after the Distribution Date.
For purposes of the Policy: “coverage of a Qualified Retiree” includes coverage for a spouse, surviving spouse, children, surviving children to the extent in each case the former Employer would be paying the premium for them if the Qualified Retiree were then its active full-time Employee; and eligibility as a Qualified Retiree under (1) above shall continue only so long as the disability continues.
While this Policy continues in effect, a CUNA Mutual Insurance Group former Employer will pay a percentage of the premium for coverage of a Qualified Retiree under the Group Health Contract, which percentage shall be that shown for the Qualified Retiree’s status in the table displayed under (2) above except it shall be for 60% if the Qualified Retiree is eligible under (1) above.
Qualified Retiree Program or (ii) accelerated vesting of any performance share awards granted to you under the ▇▇▇▇▇▇▇▇▇-UTI Energy, Inc.
Generally, there are four (4) levels of premium- single, member plus spouse, member plus child and Qualified Retiree- firefighter with at least 20 years of service with the Pike Township Fire Department and who is at least 50 years of age.
For purposes of the following equity and incentive awards, and only for these purposes, ▇▇▇▇▇▇▇▇▇ will be deemed to have attained Qualified Retiree Status effective as of the Separation Date, thus converting her Separation Date to the date of her retirement (the “Retirement Date”) for these purposes and with respect to Deluxe’s applicable retirement policies.
The Committee shall have the authority in its sole discretion to make any interpretations, determinations, and/or take any administrative actions with respect to whether Participant shall be deemed a Qualified Retiree.
This will confirm that on your date of termination, you will have the status of a Qualified Retiree for purposes of Company's retiree programs, including, the Deluxe Foundation's matching gift program, ▇▇▇▇▇▇▇▇▇ scholarship program, and, to the extent not covered by other benefits under Retention Agreement and confirmed in this letter, retiree life, health and dental insurance programs.
This will confirm that as of the Termination Date, you will have the status of a Qualified Retiree for purposes of Company's retiree programs, including, the Deluxe Foundation's matching gift program, ▇▇▇▇▇▇▇▇▇ scholarship program, and, to the extent not covered by other benefits under Retention Agreement and confirmed in this letter, retiree life, health and dental insurance programs.

More Definitions of Qualified Retiree

Qualified Retiree includes individuals receiving a retirement benefit, and those individuals who defer retirement, including disabilities, after five (5) years of vesting service.

Qualified Retiree means a retired Member who is eligible to receive the Annual Supplemental Benefit.

Qualified Retiree. The District will contribute the cost of single person medical 46 insurance per qualified retiree per year toward the premium of the District’s 1 current employee only medical insurance plan. The District shall pay full medical 3 and shall pay full medical benefits for those retirees who do not qualify for

Qualified Retiree. (defined below) may exercise a vested Option, to the extent that Optionee shall be entitled to do so as of Optionee’s retirement date, at any time within two (2) years after Optionee’s Retirement Date, but not beyond the original term of the Option. A “Qualified Retiree” shall be an Optionee who (a) voluntarily terminates his or her employment with, or is terminated without cause by the Company or one of its subsidiaries and (b) has attained the age of fifty-five (55) and have at least ten (10) years of continuous service, or attained the age of sixty (60) with at least five (5) years of continuous service on his or her last date of employment (the “Retirement Date”). Options unvested at the Retirement Date are forfeited. The Committee shall have the authority in its sole discretion to make any interpretations, determinations, and/or take any administrative actions with respect to whether Optionee shall be deemed a Qualified Retiree.