Retirement definition

Retirement means Normal or Early Retirement.
Retirement shall be deemed the reason for the termination by the Executive of the Executive's employment if such employment is terminated in accordance with the Company's retirement policy, including early retirement, generally applicable to its salaried employees.

Examples of Retirement in a sentence

  • LETTER OF UNDERSTANDING 1 Re: Officers Laid Off Due to Vessel Retirement During the term of the Collective Agreement Engineer Officers that are laid off as a result of vessel retirements will be placed on a special list that will allow them first right of refusal for all vacancies that they are qualified for within the rest of the Algoma fleet (including the dry bulk fleet and other tanker vessels).

  • It is the Parties’ intention that Vendor shall perform its duties hereunder as an independent contractor and not as an employee for all purposes, including, but not limited to, the Federal Insurance Contribution Act, the Social Security Act, the Federal Unemployment Tax Act, the provisions of the Internal Revenue Code, the Colorado Workers’ Compensation Act, the Colorado Unemployment Insurance Act, and the Public Employees Retirement Association.

  • In addition to the gross compensation and other benefits paid to the Superintendent by the Board as expressed in this Agreement, the Board shall pick up and pay on the Superintendent’s behalf the Superintendent’s entire annual retirement contribution to the Illinois Teachers’ Retirement System pursuant to the Illinois Pension Code, and his entire contribution to the Teachers’ Health Insurance System.

  • Dual Certifications 35 Section 11.07 - Scheduling Vacations 35 Section 11.08 - Vacation Pay Upon Retirement 35 ARTICLE 12 HOLIDAYS 35 Section 12.01 - Holidays With Pay 35 Section 12.02 - Eligibility and Pay 35 Subd.

  • If the Clerical Retirement Worksheet is not returned within 90 days, the District will establish and deposit the payout to an account of the District’s choice with a copy sent to the employee at their address on file.


More Definitions of Retirement

Retirement means termination of Executive’s employment on or after age 65 and in accordance with a retirement policy established by the Board with Executive’s consent with respect to him. Upon termination of Executive based on Retirement, no amounts or benefits shall be due Executive under this Agreement, and Executive shall be entitled to all benefits under any retirement plan of the Bank and other plans to which Executive is a party.
Retirement means termination in accordance with the Company's retirement policy, if any, including early retirement, generally applicable to its salaried employees or in accordance with any retirement arrangement established with the Executive's consent with respect to the Executive.
Retirement means an Employee's retirement from the employ of the Company on or after the date on which the Employee attains the age of 65 years; and
Retirement means Executive’s termination of his employment on or after his attainment of age 65.
Retirement as used in this Agreement shall mean termination by the Company or the Executive of the Executive's employment based on the Executive's having reached age 65 or such other age as shall have been fixed in any arrangement established with the Executive's consent with respect to the Executive.
Retirement means a Grantee’s retirement pursuant to Applicable Law or in accordance with the terms of any tax-qualified retirement plan maintained by the Company or any of its Affiliates in which the Grantee participates or is subject to.