Additional Retirement Sample Clauses

Additional Retirement. Benefit of this Agreement begins to be paid before normal retirement, it shall not be actuarially adjusted to reflect its early commencement.
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Additional Retirement. Plan Contribution for Employees Hired on and after July 1, 2010 -190 Effective July 1, 2010, Employer “Post Retiree Health” contributions ceased to exist. For regular employees hired on and after July 1, 2010, working half time (50%) or more the Employer will contribute an additional amount to the MSU 403(b) Retirement Plan according to the following chart: Contribution 0 through 120.00 Vacation Service Months ½% 120.01 + Vacation Service Months ¾% The contribution shall be made on the employees’ retirement eligible earnings and shall be immediately vested. Employees who leave the employ of the University and later are reemployed shall not receive credit for past employment for the purposes of this paragraph. -191 University Contributions a. MSU’s contributions will be deposited into a default investment fund initially at an MSU designated retirement vendor; the employee can redirect to fund(s) of their choice by selecting from core options available in the 403(b) Retirement Plan including the brokerage accounts. Additional information on the default and optional investments is available online at the MSU Human Resource Website.
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Additional Retirement. Benefit of the contract begins to be paid before normal retirement , it shall not be actuarially adjusted to reflect its early commencement. (e) All outstanding options held by Employee, both exercisable and nonexercisable, shall be immediately exercisable regardless of the time the option has been held by Employee and shall remain exercisable until their original expiration date, subject to applicable requirements of the Internal Revenue Code.
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Related to Additional Retirement

  • Normal Retirement Normal Retirement Age under the Plan is: (Choose (a) or (b)) [X] (a) 65 [State age, but may not exceed age 65].

  • Disability Retirement If, as a result of your incapacity due to physical or mental illness, You shall have been absent from the full-time performance of your duties with the Company for 6 consecutive months, and within 30 days after written notice of termination is given You shall not have returned to the full-time performance of your duties, your employment may be terminated for "Disability." Termination of your employment by the Company or You due to your "Retirement" shall mean termination in accordance with the Company's retirement policy, including early retirement, generally applicable to its salaried employees or in accordance with any retirement arrangement established with your consent with respect to You.

  • Deferred Retirement a. An employee who is eligible for paid retirement at the time he or she separates from County service, but elects deferred retirement, may defer participation in the Grant until such time as he or she becomes an active retiree. b. An otherwise eligible employee who is not eligible for paid retirement at the time he or she separates from County service but is eligible for and elects deferred retirement shall not become eligible for participation in the Grant.

  • Normal Retirement Date The term “Normal Retirement Date” means “Normal Retirement Date” as defined in the primary qualified defined benefit pension plan applicable to the Executive, or any successor plan, as in effect on the date of the Change in Control of the Company.

  • Supplemental Retirement Benefits The terms and conditions for the payment of supplemental retirement benefits are set forth in a separate written agreement between the parties.