Retirement from the Company. If the Optionee retires as an employee or director of the Company upon the attainment of at least 60 years of age with at least five continuous years of service to the Company, the Option shall become fully vested and shall remain exercisable for a period of one year from the date of retirement.
Retirement from the Company. If the Grantee retires as an employee or director of the Company upon the attainment of at least 60 years of age with at least five continuous years of service to the Company, the Restricted Stock shall become fully vested upon such retirement.
Retirement from the Company. Executive shall voluntarily retire from all positions as a director, officer and employee of the Company and its Affiliates, including his position as Chairman, effective as of the Retirement Date.
Retirement from the Company. You hereby agree to retire from employment with the Company on December 31, 2007. Your last day of active employment with the Company will be October 12, 2007. For the period from October 13, 2007 until December 31, 2007, you will use any earned vacation available to you and, after the vacation is exhausted, you will be considered on a paid leave of absence at your current salary level until December 31, 2007.
Retirement from the Company. The termination of your employment and the termination of your board membership with each Group Company (as applicable) will be effective on December 31, 2006 (the "Retirement Date"). As of the Retirement Date, you will automatically (i) no longer be an employee or a director of any Group Company and (ii) cease to be required to fulfill any of the duties and responsibilities associated with any of the aforementioned positions with any Group Company. In addition, the Employment Agreement by and between you and the Company, dated as of December 30, 2005 (the "Employment Agreement") will terminate and be of no further force or effect as of the Retirement Date.
Retirement from the Company a. Employee shall retire from all positions with the Company, Sensata Technologies plc and all of their affiliates, whether as an officer, employee or otherwise, effective as of April 30, 2024 (the “Retirement Date”). Employee shall also resign from the Board of Directors of Sensata Technologies plc (the “Board”) effective as of the Retirement Date.
