Early Retirement Benefit Plan Sample Clauses

Early Retirement Benefit Plan. 3 The following provisions shall determine the conditions of eligibility and payment of Early
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Early Retirement Benefit Plan. The following provisions shall determine the conditions of eligibility and payment of Early Retirement Benefits to full-time certificated employees.
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Early Retirement Benefit Plan. An employee who retires from the Corporation with an unreduced pension will be allowed to maintain his or her coverage in the following specified plans until he or she turns 65 years of age or dies, whichever comes first. The cost of such coverage shall be paid equally by the Corporation and the Employee. An employee who retires from the Corporation with a reduced pension will be allowed to maintain his or her coverage in the following specified plans for a maximum of five years of coverage or until he or she reaches the age of sixty-five or dies, whichever comes first. The cost of such coverage shall be paid equally by the Corporation and the Employee. If the employee has retired with a reduced pension and reaches the maximum of five years of coverage and has not reached the age of sixty-five years, the employee can elect to maintain coverage at 100% payment by the Employee until he or she reaches the age of sixty-five or dies, whichever comes first. The employee portion shall be paid by periodic advance payment in a manner satisfactory to the Corporation. The benefit coverage will be limited to the following:
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Early Retirement Benefit Plan a) An employee must have 25 years service with the Corporation.
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Early Retirement Benefit Plan. Whereas the Corporate Early Retirement Plan was adopted by the Township of King in 2001, the Parties agree that the following Early Retirement Benefit Plan will be provided to all full-time employees:
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Related to Early Retirement Benefit Plan

  • Early Retirement Benefits If elected in the Adoption Agreement, an Early Retirement benefit may be available to individuals who meet the age and Service requirements that are specified in the Adoption Agreement. A Participant who attains his or her Early Retirement Date will become fully vested, regardless of any vesting schedule which otherwise might apply. If a Participant separates from Service with a nonforfeitable benefit before satisfying the age requirements, but after having satisfied the Service requirement, the Participant will be entitled to elect an Early Retirement benefit upon satisfaction of the age requirement.

  • Early Retirement Benefit If the Executive terminates employment after the Early Retirement Date but before the Normal Retirement Date, and for reasons other than death or Disability, the Bank shall pay to the Executive the benefit described in this Section 2.2.

  • Normal Retirement Benefit Upon Termination of Employment on or after the Normal Retirement Age for reasons other than death, the Company shall pay to the Executive the benefit described in this Section 2.1 in lieu of any other benefit under this Agreement.

  • Post-Retirement Benefits The present value of the expected cost of post-retirement medical and insurance benefits payable by the Borrower and its Subsidiaries to its employees and former employees, as estimated by the Borrower in accordance with procedures and assumptions deemed reasonable by the Required Lenders is zero.

  • Early Retirement An employee entitled to twenty-five (25) or more days of annual vacation shall be entitled to defer up to five (5) days per year of vacation into an Early Retirement Bank. An employee entitled to thirty (30) or more days of annual vacation shall be entitled to defer up to ten (10) days per year of vacation into an Early Retirement Bank. Such deferred vacation may only be taken immediately prior to retirement. The Employer may, at its sole discretion, permit an employee to use such banked vacation under other circumstances.

  • Early Retirement Age Early Retirement Age is the later of: (i) the date a Participant attains age ; (ii) the date a Participant reaches the anniversary of the first day of the Plan Year in which the Participant commenced participation in the Plan; or (iii) the date a Participant completes Years of Service. [Note: The Employer should leave blank any of clauses (i), (ii) and (iii) which are not applicable.] If (f)(iii) is selected, “Years of Service” under this Election 34(f)(iii) means (Choose (1) or (2).):

  • 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.

  • Supplemental Retirement Benefit In addition to the foregoing, Executive shall be eligible to participate in the Supplemental Executive Retirement Plan maintained by Cleco Utility Group Inc. or such other supplemental retirement benefit plans which the Company or its Affiliates may adopt, from time to time, for similarly situated executives (the "Supplemental Plan").

  • Early Retirement Date Early Retirement Date shall mean a retirement from employment which is effective prior to the Normal Retirement Age stated herein, provided the Executive has attained age sixty (60) with thirty (30) years of service with the bank.

  • Retirement Benefits Due to either investment or employment during the marriage, either the Husband or Wife: (check one) ☐ - DO NOT have retirement plans. ☐ - HAVE retirement plans. The Couple has the following retirement plans: (“Retirement Plans”). Upon signing this Agreement, the Retirement Plans shall be owned by: (check one) ☐ - Husband ☐ - Wife ☐ - Both Spouses ☐ - Other. .

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