Retirement Terminations. An employee who retires is entitled to cash compensation at their then current hourly rate to a maximum of 900 hours of accrued paid leave. Employees who retire under PERS prior to age 58 shall receive cash compensation for one hundred (100%) percent of the first 300 hours of accrued paid leave, with the remainder of any accrued paid leave reduced by eight (8) percent for each year earlier than age 58, with the exception that of a PERS General Service Employee who retires with thirty (30) years of service.
Retirement Terminations. In the event of your applicable Retirement Termination, your Target PSUs shall be eligible for the treatment specified below; provided that (x) you are in compliance with the Notice Requirements and all of the restrictive covenants set forth in Exhibit B, in each case, as of the Vesting Date and (y) you execute and do not revoke an agreement and release of claims satisfactory to the Company, which will contain restrictive covenants substantially in the form as those set forth in Exhibit B, within 60 days following termination of your employment.
Retirement Terminations. In the event of your applicable Retirement Termination, your unvested RSUs shall be eligible for the treatment specified below; provided that (x) you are in compliance with the Notice Requirements and all of the restrictive covenants set forth in Exhibit B, in each case, as of the applicable Vesting Date and (y) you execute and do not revoke an agreement and release of claims satisfactory to the Company, which will contain restrictive covenants substantially in the form as those set forth in Exhibit B, within 60 days following termination of your employment.
