Retirement Eligible definition

Retirement Eligible means that the Participant has either attained age 55 and completed ten (10) years of Service as an Employee or attained age 60 and completed five (5) years of Service as an Employee.

Retirement Eligible means the date the Participant both (i) attains age 55 and (ii) has 15 or more continuous years of service as a full-time employee of the Company, a Subsidiary or an Affiliated Entity. The Committee, in its sole discretion, may elect to accelerate the vesting for all or any part of the shares subject to the Restricted Stock Award for which the applicable Vesting Date(s) has not yet occurred on the date of the Participant’s termination of employment if such termination occurs by reason of death, termination of employment due to a Disability, or Retirement.

Retirement Eligible means your age plus years of continuous service with the Company and its Affiliates total 80 or more and "Retirement" means your employment is terminated following becoming Retirement Eligible.

Examples of Retirement Eligible in a sentence

• If the following criteria are met the employee is eligible for 65% of unused sick leave, up to a maximum of 780 hours, to be paid upon separation: o Employee retires from service (must be PERA Retirement Eligible and 60 years of age or older); and o Employee has at least 20 years of employment with the City.

• If the following criteria are met the employee is eligible for 50% of unused sick leave, up to a maximum of 600 hours, to be paid upon separation: o PERA Retirement Eligible Employee, with less than 20 years of service; or o Employee resigns from service with at least 20 years of employment with the City and is not 60 years of age or older.

• If the following criteria are met, the employee is eligible for 65% of unused sick leave, up to a maximum of 97.5 days, to be paid upon separation: -Employee retires from service (must be PERA Retirement Eligible and 55 years of age or older); and -Employee has at least 20 years of employment with the City.

• If the following criteria are met, the employee is eligible for 50% of unused sick leave, up to a maximum of 75 days, to be paid upon separation: -PERA Retirement Eligible Employee, with less than 20 years of service with the City; or -Employee resigns from service with at least 20 years of employment with the City and is not 55 years of age or older.

• Option 4: 25 and 50 Retirement Eligible defined benefit plan employees with 25 or more years of service (including option #3 above service purchase) and 50 years of age can retire immediately with pension benefits and City paid retirement health care.

More Definitions of Retirement Eligible

Retirement Eligible means that the Participant (i) has attained age 55, (ii) has a minimum of 10 years of service with the Company and its subsidiaries and/or affiliates (such service only to have deemed to have commenced at such time as such subsidiary and/or affiliate became a subsidiary and/or affiliate of the Company), (iii) the numerical sum of the Participant’s age and years of service (as calculated pursuant to clause (ii) above) is equal to at least 70, (iv) the Participant has given notice, in form satisfactory to the Company, to the Chief Administrative Officer of the Company (or, if the Participant is the Chief Administrative Officer, to the Chief Executive Officer) of his or her intent to retire specifying the exact intended date of retirement (provided that prior to such notice the Company had not already given notice to the Participant that he or she would be terminated), and remained employed by the Company until the earlier of (a) the one year anniversary of the date of such notice or (b) the date on which the Employee experienced a termination of employment due to death or disability or was terminated by the Company without cause and (v) at the time the Participant gave such notice to the Company he or she also provided the Company a signed acknowledgement, in a form satisfactory to the Company, reaffirming the covenants set forth in Section 6.

Retirement Eligible means that a Participant:

Retirement Eligible means the Executive is at least age 60 and has at least 5 years of service with the Company and its affiliates.

Retirement Eligible means Awardee’s (i) attaining age fifty-five (55) and (ii) having at least ten (10) years of continuous service with the with the Company or Cardinal Health, Inc. and their Affiliates, including service with an Affiliate of the Company or Cardinal Health, Inc. prior to the time that such Affiliate became an Affiliate of the Company or Cardinal Health, Inc. For purposes of the age and/or service requirement, the Administrator may, in its discretion, credit a Participant with additional age and/or years of service.

Retirement Eligible means the Participant terminates, or is eligible to terminate, employment with the Company or its subsidiaries after attaining 55 years of age with at least 5 years of continuous service on or prior to the date of termination.

Retirement Eligible means the Participant has achieved a combination of age plus years of service with the company totaling 70, with a base minimum age of 58 years old and a minimum service term of five (5) years.

Retirement Eligible means Grantee terminates, or is eligible to terminate, employment with the Company or its subsidiaries after attaining 55 years of age with at least 5 years of continuous service on or prior to the date of termination.