Normal Retirement. Unless Separation from Service or a Change in Control occurs before Normal Retirement Age, when the Executive attains Normal Retirement Age the Bank shall pay to the Executive the benefit described in this section 2.1 instead of any other benefit under this Agreement. If the Executive’s Separation from Service thereafter is a Termination with Cause or if this Agreement terminates under Article 5, no further benefits shall be paid.
Normal Retirement. Normal Retirement Age under the Plan is: (Choose (a) or (b))
Normal Retirement. Normal Retirement Age under the Plan is: (Choose (a) or (b)) [X] (a) Sixty-five (65) [State age, but may not exceed age 65].
Normal Retirement. Select option (1) or (2) and either (3)(a) or (3)(b).
Normal Retirement. If your employment is terminated due to Normal Retirement, you shall not be entitled to severance benefits under this Agreement, regardless of the occurrence of a Change in Control. A termination by Normal Retirement shall have occurred where your termination is caused by the fact that you have reached normal retirement age for employees in your position.
Normal Retirement. Unless Separation from Service occurs before Normal Retirement Age and unless the Director shall have received the benefit under section 2.4 after a Change in Control, when the Director attains Normal Retirement Age the Bank shall pay to the Director the benefit described in this section 2.1 instead of any other benefit under this Agreement. If the Director’s Separation from Service after payment of benefits under this section 2.1 commences is a Termination with Cause or if this Agreement terminates under Article 5, no further benefits shall be paid to the Director.
Normal Retirement. In the event the Optionee’s employment (or other active service-providing relationship) with the Company or an Eligible Subsidiary terminates by reason of the Optionee’s Normal Retirement, and the Date of Grant of the Option precedes the Optionee’s Normal Retirement date by at least six (6) months, the Optionee’s unvested Options will continue to vest and such Options together with any Options that are vested as of the Optionee’s Normal Retirement date shall remain outstanding and (once vested) may be exercised until the fifth anniversary of the Normal Retirement date (or if earlier, the Expiration Date of the Option). If the Date of Grant of the Option does not precede the Optionee’s Normal Retirement date by at least six (6) months, the post-termination exercise period with respect to such Option shall be governed by the other provisions of this Section 5, as applicable.
Normal Retirement. For Separation from Service on or after Normal Retirement Age, the Company shall pay to the Director the benefit described in this section 2.1 instead of any other benefit under this Agreement. However, no benefits shall be payable if this Agreement terminates under Article 5.
Normal Retirement. Normal Retirement date is the first day of the month coincident with or next following age 65. On retirement at Normal Retirement date, the Member shall be entitled to a pension from the Defined Benefit Pension Plan, subject to adjustment under Section 7 of Part B, equal to his/her Accrued Retirement Pension as determined at the date of retirement.
