Retirement Notice definition
Examples of Retirement Notice in a sentence
With respect to a Designated System, the Standing Order shall be for the percent of RECs from such Designated System equal to the result obtained by dividing the Contract Nameplate Capacity by the Actual Nameplate Capacity,1 and Ineligible RECs Delivered to Buyer shall be returned to Seller based on the REC Retirement Notice.
The Termination Date shall be the effective date of Executive’s retirement as set forth in the Retirement Notice.
In the event that Executive’s employment is terminated by Executive’s retirement prior to the term of this Agreement, the Termination Date shall be the effective date of Executive’s retirement as set forth in the Retirement Notice.
Among other provisions, the Retirement Vesting Agreement will contain a release of all claims relating to your employment against your Employer and, for those with a Retirement Notice Period of greater than 6 months, a covenant to not compete with the Company for a period of one year after Termination of Service.
If the employee opts to take paid pre-retirement leave, the lump sum payment Retirement Notice Incentive will be reduced by an amount equivalent to the additional employer contributions to their pension plan and benefits package during the paid pre-retirement leave of absence.