Common use of Late Retirement Clause in Contracts

Late Retirement. “Late Retirement” means retirement from service with the Employer after the Participant has attained age 65 which becomes effective on the first day of the month immediately following the Plan Year quarter during which the Participant retires from service with the Employer.

Appears in 2 contracts

Sources: Elective Deferred Compensation Plan (Beneficial Mutual Bancorp Inc), Elective Deferred Compensation Plan (Beneficial Mutual Bancorp Inc)

Late Retirement. “Late Retirement” means retirement from service with the Employer after the Participant has attained age 65 which becomes effective on the first day of the month immediately following the Plan Year quarter during which the Participant retires from service with the Employer.3

Appears in 1 contract

Sources: Elective Deferred Compensation Plan (WSFS Financial Corp)