Rule of 75 definition

Rule of 75. Formula for Retiree Benefits Eligibility Beginning 19 January 1, 2007
Rule of 75 means the sum of a Participant’s age and the Participant’s Years of Service, but only if such sum is 75 or greater.
Rule of 75 means any termination of Executive’s Continuous Service, other than for Cause, occurring at or after Executive has reached the age of 55 and has a combination of age plus years of Continuous Service as an executive officer of Xxxxxxx equal to or greater than 75.

Examples of Rule of 75 in a sentence

  • A member with five or more years of earned service credit on deferred status may retire on disability retirement when eligible under the Rule of 75 or when the member attains age 65.

  • Program Eligibility• Available to SBC retirees with a service or disability pension or those who left the Company under the Rule of 75 or the Modified Rule of 65• Retiree must reside in the nine state legacy BellSouth local service area and have AT&T local service.• Retiree may only have this plan on their primary residence.

  • Employees who have been approved for the Rule of 75 must re-apply by December of each year and may only review and revise their participation in December of each year.

  • A discount on the retiree rate will be granted to retirees that meet the following stipulations: (a) the employee must have completed 10 consecutive years of service with the City of Xxxxxxxx, and (b) the employee must be retired through SDRS or SDRS Disability, and satisfy the following conditions: Class A employees must be age 60 or older, Class B Public Safety employees must be age 50 or over and meet the Rule of 75, and those on SDRS Disability do not have age requirements.

  • Accordingly, under SFAS 123(R), awards made to individuals who meet the Rule of 75 must be expensed on or prior to the grant date.

  • Where arrangements cannot be made to implement the Rule of 75 in a department, discussion shall occur between the Union and the Employer as soon as possible.

  • The activities of registered pharmacy technicians during such a meal break shall be considered to be under the direct and immediate personal supervision of a pharmacist if the pharmacist is available on the premises during the meal break to respond to questions by the technicians, and if at the end of the meal break the pharmacist certifies all prescriptions prepared by the registered pharmacy technicians during the meal break.

  • These awards have special provisions applicable to employees who meet the Rule of 60 or the Rule of 75 at the time of termination of employment.

  • GSP Group A distinct electrical system, as defined in the Balancing and Settlement Code on 14 February 2015 (the date Standard condition 38A took effect).

  • A teacher employee leaving the Goshen Community Schools with a minimum of fifteen (15) years’ service to the corporation or meets the Rule of 75 (age plus years of experience total 75) with a minimum of ten (10) years* of service to the corporation or who is eligible for full pension benefit under I C.


More Definitions of Rule of 75

Rule of 75 means the termination of Participant's employment for any reason other than Cause if the sum of Participant's age and completed years of service with the Firm equals at least 75 on the date of his or her termination of employment.
Rule of 75 means that age plus years of Service Credit equal at least 75.
Rule of 75 eligibility for Employer’s stock option plans, which will allow Employee to continue to vest and exercise stock options for three (3) years after the Separation Date. In order to be eligible, Employee must sign the “Option Exercise Period Extension Agreement” attached to this Agreement as Exhibit A-1; and

Related to Rule of 75

  • Qualified elector means an individual at least 18 years of age who is a citizen of the United States, a permanent resident of this state, and a resident of the district who registers with the supervisor of elections of a county within which the district lands are located when the registration books are open.

  • Normal Retirement Date means the later of the Normal Retirement Age or Termination of Employment.

  • Termination of Service means:

  • Normal Retirement Age means the Executive's 65th birthday.