Retirement Event definition

Retirement Event shall have the meaning set forth in Section 6.1(a).

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Retirement Event means, with respect to any Member, (i) an Event of Bankruptcy with respect to such Member (except CDI), or (ii) the Transfer (or the occurrence of any event which results or will result in the Transfer) by such Member of any interest in the Company in violation of this Agreement.

Retirement Event means the termination of Grantee’s employment for any reason other than Cause, death or Disability if (a) the Grantee is age 62 or older on the date of such termination of employment or (b) the Grantee is at least age 55 but not yet age 62 on the date of such termination of employment, and the Grantee has, as of such termination date, been continuously employed by the Company or any Subsidiary for at least ten consecutive 12-month periods measured from the Grantee’s hire date with the Company or any Subsidiary (as reflected in the payroll records of the Company) to the anniversaries of that date, without interruption by resignation, discharge, layoff, or other termination of employment for any reason.

Examples of Retirement Event in a sentence

• For purposes of this Paragraph 6, a Qualified Retirement Event is defined as, and limited to, one of the following: the date on which an Eligible Employee first (a) attains Magic 85 under the Defined Benefit Pension Plan; (b) becomes eligible for an Early Retirement benefit under the Defined Benefit Pension Plan; (c) attains “Qualified Retirement” for retiree medical purposes; or (d) becomes vested under the Defined Benefit Pension Plan.

• If an Eligible Employee who provides CUNA Mutual with a waiver and release has a “Qualified Retirement Event” that occurs within the Severance Period, CUNA Mutual will place the Eligible Employee on paid leave of absence for such period of time (the “Leave Period”) as may be necessary for the Eligible Employee to reach his or her Qualified Retirement Event.

• Once the Eligible Employee has attained his or her Qualified Retirement Event, the Eligible Employee will be taken off of paid leave status and his or her employment will officially be terminated; however, the Eligible Employee will continue to be eligible for the benefits outlined in Paragraph 2, 3, 4 and 5 for the balance of the Severance Period.

• The sole purpose of the Leave Period is to enable the Eligible Employee to attain his or her Qualified Retirement Event.

• Upon the occurrence of a Retirement Event, all unvested stock, stock options, restricted stock awards, long term incentive plan benefits and any other equity awards or benefits that are subject to vesting based upon the continued employment of the Executive shall automatically become vested, unrestricted and/or exercisable, as the case may be (‘‘Accelerated Vesting”).

• If a Retiring Equity Partner shared responsibility for such "work-in- progress" or accounts receivable prior to the Retirement Event with any other Partner (Retiring or otherwise), then such items shall reduce the Partnership's obligations to Retiring Equity Partner and shall be assigned to the Retiring Equity Partner on an equitable basis as determined by the Management Committee acting in good faith.

• Subject to the last sentence of this paragraph, the Interest Value of a Retiring Equity Partner's interest attributable to the Retiring Equity Partner’s Capital Account shall be determined by the Management Committee based on the federal income tax returns of the Partnership for the year in which the Retirement Event occurs.

• Whenever the Borrower desires to prepay the Term Loan pursuant to subpart (ii) of the first sentence of this Section 2.3(b), it shall provide a prepayment notice to the Agent by 1:00 p.m. at least three (3) Business Days prior to the date of prepayment of the Term Loan, setting forth the date, which shall not be later than twenty (20) Business Days after the 2019 Senior Note Retirement Event, on which the proposed prepayment is to be made.

• With respect to notice to Lessor of a Retirement Event, notice to W.

• Notwithstanding such Retirement Event, the parties agree that the Lease Term of the Agreement shall continue and that the Agreement shall not terminate pursuant to Section 15 due to such Retirement Event.

More Definitions of Retirement Event

Retirement Event means the termination of Grantee’s employment for any reason other than Cause, death or Disability if (a) the Grantee is age 62 or older on the date of such termination of employment or (b) the Grantee is at least age 55 but not yet age 62 on the date of such termination of employment, and the Grantee has, as of such termination date,

Retirement Event means the termination of Grantee’s employment for any reason other than Cause, death or Disability if (a) the Grantee is age 62 or older on the date of such termination of employment or (b) the Grantee is at least age 55 but not yet age 62 on the date of such termination of employment, and the Grantee has, as of such termination date, BUS_RE/5911787.4 been continuously employed by the Company or any Subsidiary for at least ten consecutive 12-month periods measured from the Grantee’s hire date with the Company or any Subsidiary (as reflected in the payroll records of the Company) to the anniversaries of that date, without interruption by resignation, discharge, layoff, or other termination of employment for any reason.

Retirement Event means Executive’s voluntary separation from the Company at or after the age of 66.

Retirement Event means the earlier of (x) the Stockholder Approval (as defined in the Purchase Agreement) and (y) December 31, 2025.

Retirement Event shall have the meaning set forth in Section 6.1(a). "Retirement Fee" shall have the meaning set forth in Section 6.1(a)(ii). "Retirement Trigger Date" shall have the meaning set forth in Section 6.1(a). "Sales Commission" shall have the meaning given to such term in the Sales Commission Agreement. "Sales Commission Agreement" shall have the meaning set forth in the Recitals. "Shared Territory" shall mean the following portions of the following metropolitan statistical area(s) (as designated by the Office of Management and Budget of the Executive Office of the President of the United States): Dallas-Fort Worth-Arlington, TX; Raleigh-Cary, NC/Durham-Chapel Hill; and College Station-Bryan, TX. "Sharing PRO" shall have the meaning set forth in Section 8.1(f). "Supervisory and Administrative Fee" shall have the meaning set forth in the NSA Asset Management Agreements. "Stable Cash Flow" shall mean, for any period, the aggregate operating income of the Properties and the Deferred Management Properties (and for any After-Acquired Property for purposes of the definition of "Required Capital Contribution"), as determined by the Operating Partnership, less (i) the aggregate property expenses for the Properties and the Deferred Management Properties (and for any After-Acquired Property for purposes of the definition of "Required Capital Contribution"), (ii) the aggregated Supervisory and Administrative Fee for the Properties and the Deferred Management Properties (and for any After-Acquired Property for purposes of the definition of "Required Capital Contribution") and (iii) the aggregate amount of required capital reserves for the Properties and the Deferred Management Properties (and for any After-Acquired Property for purposes the definition of "Required Capital Contribution"), as included in the annual budget or otherwise approved by the Operating Partnership in accordance with the terms hereof. "Term" shall have the meaning set forth in Section 2.1. "Value" shall mean, with respect to Section 6.1(c), on any date of determination, the average of the daily Market Prices (as defined below) for ten consecutive trading days immediately preceding the date of determination. The term "Market Price" on any date shall mean, with respect to any class or series of outstanding REIT Common Shares, the Closing Price (as defined below) for such REIT Common Shares on such date. The "Closing Price" on any date shall mean the last sale price for such REIT Common Shares, regular wa...