Common use of Normal Retirement Age Clause in Contracts

Normal Retirement Age. The age set by the Employer in the Adoption Agreement, not to exceed age sixty-five (65), or if later the number of years of participation elected in the Adoption Agreement, if any, at which a Participant becomes fully vested and is eligible to retire and receive his or her benefits under the Plan. If the Employer enforces a mandatory retirement age, the Normal Retirement Age is the lesser of that mandatory age or the age specified in the Adoption Agreement. If no selection is made, Normal Retirement Age will be defined as attainment of age sixty-five (65).

Appears in 8 contracts

Samples: Prototype Defined Contribution Plan (Fraternity Community Bancorp Inc), Prototype Defined Contribution Plan (Old Dominion Freight Line Inc/Va), Prototype Defined Contribution Plan (Wellesley Bancorp, Inc.)

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Normal Retirement Age. The age set by the Employer in the Adoption Agreement, not to exceed age sixty-five (65), or if later the number of years of participation elected in the Adoption Agreement, if any, at which a Participant becomes fully vested and is eligible to retire and receive his or her benefits under the Plan. If the Employer enforces a mandatory retirement age, the Normal Retirement Age is the lesser of that mandatory age or the age specified in the Adoption Agreement. If no selection is made, Normal Retirement Age will be defined as attainment of age sixty-five (65).

Appears in 7 contracts

Samples: Prototype Defined Contribution Plan (FNB United Corp.), Nonstandardized Adoption Agreement (Banctrust Financial Group Inc), Nonstandardized Adoption Agreement (Chicopee Bancorp, Inc.)

Normal Retirement Age. The age age, set by the Employer in the Adoption Agreement, not to exceed age sixty-five (65), or if later the number of years of participation elected in the Adoption Agreement, if any, at which a Participant becomes fully vested and is eligible to may retire and receive his or her benefits under the Plan. If Unless otherwise specified in the Employer enforces a mandatory retirement ageAdoption Agreement, the Normal Retirement Age is the lesser of that mandatory age or the age specified in the Adoption Agreement. If no selection is made, Normal Retirement Age will shall be defined as attainment of age sixty-five (65).

Appears in 4 contracts

Samples: East West Bancorp Inc, Adoption Agreement (Shared Technologies Cellular Inc), Non Standardized Adoption Agreement (Princeton Review Inc)

Normal Retirement Age. The age set by the Employer Unless selected otherwise in the Adoption Agreement, not to exceed the Normal Retirement Age shall be the later of the attainment of age sixty-five (65)65 by the Participant, or if later the number fifth anniversary of years of participation elected the first Plan Year in which the Employee became a Participant. Otherwise, Normal Retirement Age shall be the age selected in the Adoption Agreement, if any, at which a Participant becomes fully vested and is eligible to retire and receive his or her benefits under the Plan. If the Employer enforces a mandatory retirement age, the Normal Retirement Age is the lesser of that mandatory age or the age specified in the Adoption Agreement. If no selection is made, Normal Retirement Age will be defined as attainment of age sixty-five (65).

Appears in 3 contracts

Samples: Contribution Plan and Trust (Triad Guaranty Inc), Non Standardized (Atlas America Inc), Comstock Resources Inc

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Normal Retirement Age. The age set by the Employer in the Adoption Agreement, not to exceed age sixty-five (65), or if later the number of years of participation elected in the Adoption AgreementAgreement , if any, at which a Participant becomes fully vested and is eligible to retire and receive his or her benefits under the Plan. If the Employer enforces a mandatory retirement age, the Normal Retirement Age is the lesser of that mandatory age or the age specified in the Adoption Agreement. If no selection is made, Normal Retirement Age will be defined as attainment of age sixty-five (65).

Appears in 1 contract

Samples: Prototype Defined Contribution Plan (1st Constitution Bancorp)

Normal Retirement Age. The the date a Participant attains the age set by specified in the Employer Adoption Agreement or, if none is specified in the Adoption Agreement, not to exceed age sixty-five (65), or if later the number of years of participation elected in the Adoption Agreement, if any, at which a Participant becomes fully vested and is eligible to retire and receive his or her benefits under the Plan) years. If the Employer enforces a mandatory retirement age, the Normal Retirement Age is the lesser of that mandatory retirement age or the age specified in the Adoption Agreement. If no selection is madeWARNING: Generally, Normal Retirement Age will be defined as attainment federal and state law prohibits enforcement of a mandatory retirement age sixty-five (65)for Common Law Employees.

Appears in 1 contract

Samples: Western Bancorp

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