Retirement Period definition

Retirement Period is defined as the period beginning with the Executive attaining the age of 70 years and continuing until ten (10) years thereafter, unless his employment has been previously terminated or extended by mutual agreement of Executive and the Company. The Retirement Period shall take effect only on termination of the Active Period pursuant to the provisions of Section 2 below.

Retirement Period shall commence on the first day following Executive's Separation from Service. The Retirement Period shall end on the day of Executive's death.

Retirement Period shall commence on the date of his retirement and shall continue until the earlier of the tenth anniversary of such retirement date or the date of Founding Member’s death.

Examples of Retirement Period in a sentence

• The commencement and continuance of the Retirement Period shall not depend in any way upon the existence of an active period of employment relationship between Executive and Employer immediately prior to the commencement of the Retirement Period.

• During the Retirement Period, it shall be the duty of Executive (as his health may permit) to be available for such advice and counsel as the officers and directors of the Company may reasonably request.

• If Executive, however, dies after commencement of the Retirement Period and before the expiration of said ten (10) year Retirement Period, the monthly payments shall be made to Executive's estate, or to the beneficiary or beneficiaries designated by Executive in writing, on an appropriate form as may be submitted to the Company by Executive, for the balance of the Retirement Period in accordance with the terms and conditions of this Agreement.

• For example, a Continuing Adjunct with a 50% FTE, would normally work 150% FTE over three years; under the VPRP, they would have a workload of between 75% to 100% FTE over the three years of the Phased Retirement Period.

• The Unit Head’s signature on this form indicates approval of any Academic Leave to be taken during the Phased Retirement Period.

More Definitions of Retirement Period

Retirement Period shall commence on the date of his retirement and shall continue until the earlier of the tenth anniversary of such retirement date or the date of Founding Member’s death. Following Founding Member’s retirement, Founding Member shall be provided with the following retirement benefits:

Retirement Period. (each as defined below):

Retirement Period means January 1, 2010 through the earlier of (i) the last day of the fiscal quarter that includes the date of a Participant’s Retirement and (ii) December 31, 2012; provided, however, in the case of a Late Entrant, the Retirement Period shall commence on the Late Entrance Date.

Retirement Period means January 1, 2011 through the earlier of (i) the last day of the fiscal quarter that includes the date of a Participant's Retirement and (ii) December 31, 2012.

Retirement Period means the period beginning on the first day of the first month following Executive’s Retirement Date and ending on the expiration of the number of years or fractions thereof after March 21, 2000 that Executive is employed full time by the Corporation. The “Lump Sum Death Payment” or the Balloon Payment, as the case may be, shall be determined as follows: Each scheduled monthly installment remaining unpaid on the date of death and each monthly installment that would be paid if the Annual Retirement Benefit were to be continued for the remainder of the Retirement Period shall be discounted to the date of death or the Balloon Payment Date, as the case may be, using the Designated Rate, and the aggregate of such discounted values shall be the Lump Sum Death Payment or the Balloon Payment, as the case may be. The “Designated Rate” shall mean the treasury yield curve rate on the Balloon Payment Date or the date of death, as the case may be (or on the closest date prior to such date for which such rate is available) for 10 year U.S. Treasury Bonds published by the U.S. Department of the Treasury. If 10 year maturity U.S. Treasury Bond daily yield curve rates are no longer published, the Designated Rate shall be the treasury yield curve rate for the next shortest maturity of U.S. Treasury Bonds for which daily treasury yield curve rates are published by the U.S. Department of the Treasury. The acceleration of any installments under this Section 14 is prohibited unless permitted by the final regulations issued by the Internal Revenue Service under Code Section 409A.

Retirement Period means the period from the date of Retirement to the later of (i) the date determined by the Committee at the time of Retirement and (ii) three years from the date of Retirement, provided that in no case shall the Retirement Period extend to a date after the Expiration Date. The Committee shall have the sole discretion whether or not to consent to a Retirement, which determination shall be final.

Retirement Period means the period beginning on January 1, 1998 and ending on August 3, 1998.