Voluntary Retirement definition

Voluntary Retirement means voluntary termination of employment that is not the result of Permanent and Total Disability.

Voluntary Retirement means any voluntary termination by the Participant as an employee of the Company (or any Parent or Subsidiary) (i) after reaching age sixty-two (62) and completing sixty (60) full months of continuous Service with the Company or its Parent or Subsidiaries or (ii) after reaching age fifty-five (55), where the Participant’s age plus years of continuous employment with the Company or its Parent or Subsidiaries equals at least seventy (70).

Voluntary Retirement means Participant has unilaterally elected to terminate employment with the Company and its Subsidiaries on or after attaining age 50 and completing at least three years of continuous employment with the Company and/or its Subsidiaries, provided the sum of the Participant’s age and years of continuous employment with the Company and/or its Subsidiaries equals or exceeds 60. In each case, Shares attributable to the prorated Performance Share Units subject to this Award shall be delivered to the Participant as soon as administratively practicable following the Vesting Date but no later than the fifteenth day of the third month following the end of the calendar year in which the Vesting Date occurs.

Examples of Voluntary Retirement in a sentence

• Termination benefits such as compensation under Voluntary Retirement cum Pension Scheme are recognised as expense and a liability is recognised at the earlier of when the Company can no longer withdraw the offer of the termination benefit and when the entity recognises any related restructuring costs.

• The College will have the discretion to participate in a Voluntary Separation Incentive Program or a Voluntary Retirement Incentive Program, if such programs are provided for in the operating budget.

• Its activities are governed by Law No. 7523 of the Private Supplemental Pension Fund System and the amendments thereto, the Employee Protection Law (Law No. 7983), and the Regulations on Opening and Operating Regulated Entities and Operating Pension, Compulsory, and Voluntary Retirement Savings Funds as prescribed in the Employee Protection Law, Regulations on Regulated-Entity Investments, and the directives issued by the Pensions Superintendency (SUPEN).

• Any significant development in Human Resources /Industrial Relations front like signing of wage agreement, implementation of Voluntary Retirement Scheme etc.

• Any significant development in Human Resources/ Industrial Relations front like signing of wage agreement, implementation of Voluntary Retirement Scheme etc.

More Definitions of Voluntary Retirement

Voluntary Retirement means voluntary termination of employment by an injured worker such that the injured worker is completely removed from the active work force based on factors that are not causally related to the allowed conditions in the claim.

Voluntary Retirement means the voluntary termination of employment by the Executive when the Executive (i) is entitled to commence receipt of a retirement annuity pursuant to the provisions of the JHFS Pension Plan in effect prior to such Plan's conversion to a cash balance formula (the "Pre-Conversion Plan") or (ii) would have been entitled by reason of age and service to a retirement annuity under the provisions of the Pre-Conversion Plan if the conversion to a cash balance formula had not occurred.

Voluntary Retirement means a voluntary termination of employment, other than at the request of the Company, after Executive has attained age fifty (50);

Voluntary Retirement means Executive’s voluntary termination of Executive’s employment at or after the time Executive has attained the age: (i) 65, or (ii) 60 and has completed at least five years of service with the Company; provided that in either case Executive has no expectation of returning to work in any capacity for any business engaged in the Company Business without the prior written consent of the Company.

Voluntary Retirement means any voluntary termination of employment by a Participant after reaching age fifty- five (55), where the Participant’s age plus years of continuous employment with the Company and/or its Parent or Subsidiaries equals at least sixty-five (65).

Voluntary Retirement means the occurrence of any of the following: (i) the withdrawal of a Member as a Member or the Transfer of any portion of a Membership Interest in violation of the provisions of this Agreement; (ii) a Member makes an assignment for the benefit of creditors, files a voluntary petition in bankruptcy, files a petition or answer seeking for itself any reorganization, arrangement, compensation, readjustment, liquidation, dissolution or similar relief under any statute, law or regulation, files an answer or other pleading admitting or failing to contest the material allegations of a petition filed against it in any proceeding of this nature or seeks, consents to or acquiesces in the appointment of a trustee, receiver or liquidator of a Member or of all or any substantial part of its properties, (iii) the voluntary termination or dissolution of a Member; or (iv) any other event initiated by or with the acquiescence of a Member which could be an event of withdrawal under the Act.

Voluntary Retirement means a termination by Mxxxx of his employment with Key and its Subsidiaries by voluntarily retiring at his own instance without having been requested to so retire by Key, except that any retirement by Mxxxx will not be deemed to be a Voluntary Retirement if it occurs at a time when Mxxxx is entitled to terminate his employment on grounds of Constructive Termination.