Retirement by the Executive Sample Clauses

Retirement by the Executive. In the event of Executive’s Retirement in accordance with Section 4.7, then (i) EDGEN shall have no further obligations hereunder after the Expiration Date other than payment to the Executive of the Accrued Obligations and (ii) provided that the Executive executes and delivers to EDGEN the Release and the Release becomes irrevocable within 60 days following the Termination Date, all unvested Equity Awards held by Executive on the Termination Date shall become immediately vested (for performance-based awards, vesting shall be subject to satisfaction of any applicable performance criteria, as determined in accordance with the applicable plan).
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Retirement by the Executive. The Executive may choose to Retire from the Bank at any time upon sixty (60) days’ prior written notice to the Bank;
Sample 1
Retirement by the Executive. (a) The Executive may resign, and thereby terminate the Executive’s employment (and the Employment Period), due to a “Retirement” (as defined in Section 4.5(c) hereof).
Sample 1
Retirement by the Executive. (1) The Executive has elected to retire as an employee and officer of the Company and any of its subsidiaries or affiliates as of the Retirement Date.
Sample 1
Retirement by the Executive. There are no provisions for accelerated vesting of All Options; however, the Board has the ability to grant accelerated vesting, in the Board's sole discretion, if circumstances warrant. APPENDIX B BENEFITS AND PERQUISITES RETIREMENT BENEFITS: - Pension Plan The Company offers participation in a qualified pension plan and provides for the accrual of 1 percent of compensation per year of service, up to a 40-year maximum subject to IRS limits. In addition to participation in the qualified pension plan, Executive will be provided five (5) years of additional age and service credits (to be provided on a nonqualified basis), for purposes of computing Executive's pension benefit. Also, Executive will be a participant in the Company's nonqualified restoration plan, which restores benefits otherwise lost under the qualified pension plan due to IRS limits. - 401(k) Savings Plan The Company offers participation in a qualified 401(k) savings plan. Subject to IRS limits, this plan allows employee pre-tax contributions of 6 percent of pay with a 50 percent match and 3 percent after-tax contributions. Twelve Fidelity mutual funds are currently provided as the underlying investment choices. - Voluntary Deferral Plan Executive will be provided participation in the Company's nonqualified deferral plan. This plan allows participants to voluntarily defer up to 100 percent of their base and/or annual bonus, with investment choices generally matching the Fidelity mutual fund choices provided under the 401(k) plan. WELFARE BENEFITS: - HEALTH CARE COVERAGE -- The Company offers comprehensive Group Medical and Group Dental plans for eligible associates and their dependents. Coverage begins on the first day after 30 days of continuous employment. A Preferred Provider Organization (PPO) Plan and Health Maintenance Organization (HMO) Plan are available options. Prescription Drugs are covered under these medical plans. A Dental PPO Plan also is offered. Coverage may be elected for you or for your and your eligible dependents. - RETIREE MEDICAL PLAN -- Executive may enroll in the Retiree Medical Plan upon retirement from the Company. - MEDICAL EXECUTIVE REIMBURSEMENT PLAN (MERP) -- The Company will reimburse allowable medical care expenses after all Company or non-Company insurance policies and medical plans have paid benefits. The reimbursement for you is a maximum of $40,000 per year. - VISION CARE PROGRAM -- This program provides discounts on comprehensive vision care benefits incl...
Sample 1
Retirement by the Executive. During the Term of this Agreement and any Renewal Term, the Executive may, on his own initiative, elect to retire by giving the Company not less than ninety (90) days prior written notice of the effective date of his retirement. Any such retirement shall not be deemed to be a breach by the Executive of this Agreement. In such event, the Executive shall be entitled to receive:
Sample 1
Retirement by the Executive. Article III of the Employment Agreement is amended by the addition of the following new Section 3.1.5 (and former Section 3.1.5 and Section 3.1.6 are renumbered as Section 3.1.6 and Section 3.1.7, respectively):
Sample 1
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Retirement by the Executive. The Executive may voluntarily terminate his employment at any time without Good Reason prior to his Eligible Retirement Date (as defined below), and the terms of Section 3.2.2 shall apply. The Executive may voluntarily terminate his employment without Good Reason due to retirement on or after his Eligible Retirement Date, and the terms of Section 3.2.3 shall apply in lieu of the terms of Section 3.2.2. The term “Eligible Retirement Date” shall mean the earlier of: (i) January 1, 2012, or (ii) the expiration of the Transition Period (as defined in Section 3.5.1 below) in the event that the Board appoints a successor Chief Executive Officer with an effective appointment date prior to January 1, 2012 (other than under circumstances that the successor is appointed following the termination of the Executive’s employment for Cause).
Sample 1

Related to Retirement by the Executive

  • Termination of Employment by the Executive During the Term, the Executive may terminate employment with the Company with or without Good Reason (as defined below) by delivering to the Company, not less than thirty (30) days prior to the Termination Date, a written notice of termination; provided, that, if such termination of employment is by the Executive with Good Reason, such notice shall state in reasonable detail the facts and circumstances that constitute Good Reason. This provision does not change the at-will nature of Executive's employment, and the Company may end Executive's employment, pursuant to Executive's notice, prior to the expiration of the thirty (30) days' notice.

  • Acceptance of Employment by the Executive The Executive hereby accepts such employment and shall render the services and perform the duties described above.

  • Assignment by the Executive This Agreement will inure to the benefit of and be enforceable by the Executive’s personal or legal representatives, executors, administrators, successors, heirs, distributees, devisees, and legatees. If the Executive dies while any amount would still be payable to him hereunder had he continued to live, all such amounts, unless otherwise provided herein, will be paid in accordance with the terms of this Agreement to the Executive’s Beneficiary. If the Executive has not named a Beneficiary, then such amounts will be paid to the Executive’s devisee, legatee, or other designee, or if there is no such designee, to the Executive’s estate, and such designee, or the Executive’s estate will be treated as the Beneficiary hereunder.

  • Termination by the Executive The Executive may terminate employment hereunder at any time for any reason, including but not limited to, Good Reason. For purposes of this Agreement, “Good Reason” shall mean that the Executive has completed all steps of the Good Reason Process (hereinafter defined) following the occurrence of any of the following events without the Executive’s consent (each, a “Good Reason Condition”):

  • Release by the Executive (a) The Executive, on behalf of himself, his agents, heirs, successors, assigns, executors and administrators, in consideration for the termination payments and other consideration provided for under the Employment Agreement, hereby forever releases and discharges the Company, and its successors, its affiliated entities, and, in such capacities, its past and present directors, employees, agents, attorneys, accountants, representatives, plan fiduciaries, successors and assigns from any and all known and unknown causes of action, actions, judgments, liens, indebtedness, damages, losses, claims, liabilities, and demands of whatsoever kind and character in any manner whatsoever arising on or prior to the date of this Release, including but not limited to (i) any claim for breach of contract, breach of implied covenant, breach of oral or written promise, wrongful termination, intentional infliction of emotional distress, defamation, interference with contract relations or prospective economic advantage, negligence, misrepresentation or employment discrimination, and including without limitation alleged violations of Title VII of the Civil Rights Act of 1964, as amended, prohibiting discrimination based on race, color, religion, sex or national origin; the Family and Medical Leave Act; the Americans With Disabilities Act; the Age Discrimination in Employment Act; other federal, state and local laws, ordinances and regulations; and any unemployment or workers’ compensation law, excepting only those obligations of the Company pursuant to Paragraph 5 of the Employment Agreement or otherwise continuing under the Employment Agreement and any claims to benefits under any compensation or benefit plan, program or arrangement in which the Executive was participating as of the date of termination of his employment; (ii) any and all liability that was or may have been alleged against or imputed to the Company by the Executive or by anyone acting on his behalf; (iii) all claims for wages, monetary or equitable relief, employment or reemployment with the Company in any position, and any punitive, compensatory or liquidated damages; and (iv) all rights to and claims for attorneys’ fees and costs except as otherwise provided in the Employment Agreement.

  • Termination of Employment by the Company During the Term, the Company may terminate the Executive's employment at any time with or without Cause (as defined below) pursuant to the Notice of Termination provision below.

  • Employment by the Company 1.1 Executive is currently employed as an executive of the Company.

  • Termination of Employment by the Executive for Good Reason Subject to the notice and cure provisions set forth below, the Executive may terminate the Executive’s employment with the Company for Good Reason and receive the Severance Package provisions of Section 5 if any of the following have occurred without the Executive’s written consent (“Good Reason”):

  • Resignation by the Executive Executive may voluntarily resign from his employment with the Company, provided that Executive shall provide the Company with thirty (30) days advance written notice (which notice requirement may be waived, in whole or in part, by the Company in its sole discretion) of his intent to resign. If Executive so terminates his employment with the Company, other than in accordance with Section 4.5, the Company shall have no obligation other than the payment of the Accrued Obligations to the effective date of such termination.

  • Voluntary Termination by the Executive Notwithstanding anything in this Agreement to the contrary, the Executive may, upon not less than thirty (30) days' written notice to the Company, voluntarily terminate employment for any reason (including retirement under the terms of the Company's retirement plan as in effect from time to time).

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