Common use of Termination for Retirement or Death Clause in Contracts

Termination for Retirement or Death. Following a Change in Control, if the Executive's employment with the Company is terminated by reason of his normal retirement (as defined under the then established rules of the Company's tax-qualified retirement plan), or death, the Executive's benefits shall be determined in accordance with the Company's retirement, survivor's benefits, insurance, and other applicable programs then in effect.

Appears in 1 contract

Samples: Key Employee Severance Agreement (Southern Pacific Funding Corp)

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Termination for Retirement or Death. Following a Change in ControlChange-in-Control of the Company, if the Executive's employment with the Company is terminated by reason of his normal retirement (as defined under the then established rules of the Company's tax-qualified retirement plan), or death, the Executive's benefits shall be determined in accordance with the Company's retirement, survivor's benefits, insurance, and other applicable programs of the Company then in effect.

Appears in 1 contract

Samples: Executive Severance Agreement (Eljer Industries Inc)

Termination for Retirement or Death. Following a Change in Control, if the Executive's employment with the Company is terminated by reason of his voluntary normal retirement (as defined under the then established rules of the Company's tax-qualified retirement plan), or death, the Executive's benefits shall be determined in accordance with the Company's retirement, survivor's benefits, insurance, and other applicable programs then in effect.

Appears in 1 contract

Samples: Control Severance Agreement (Walter Industries Inc /New/)

Termination for Retirement or Death. Following a Change in Control, if the Executive's ’s employment with the Company is terminated by reason of his or her voluntary normal retirement (as defined under the then established rules of the Company's ’s tax-qualified retirement plan), or death, the Executive's ’s benefits shall be determined in accordance with the Company's ’s retirement, survivor's ’s benefits, insurance, and other applicable programs then in effect.

Appears in 1 contract

Samples: Control Severance Agreement (USMD Holdings, Inc.)

Termination for Retirement or Death. Following a Change in ControlControl of the Company, if the Executive's employment with the Company is terminated by reason of his normal retirement (as defined under the then then-established rules of the Company's tax-tax- qualified retirement plan), or death, the Executive's benefits shall be determined in accordance with the Company's retirement, survivor's benefits, insurance, and other applicable programs of the Company then in effect.

Appears in 1 contract

Samples: Executive Severance Agreement (Amsouth Bancorporation)

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Termination for Retirement or Death. Following a Change in ControlControl of the Company, if the Executive's employment with the Company is terminated by reason of his normal or her retirement (as defined under the then then-established rules of the Company's tax-qualified retirement plan), or death, the Executive's benefits shall be determined in accordance with the Company's retirement, survivor's benefits, insurance, and other applicable programs of the Company then in effect.

Appears in 1 contract

Samples: Amsouth Bancorporation

Termination for Retirement or Death. Following a Change in ControlControl of the Company, if the Executive's employment with the Company is terminated by reason of his normal or her retirement (as defined under the then then-established rules of the Company's tax-tax- qualified retirement plan), or death, the Executive's benefits shall be determined in accordance with the Company's retirement, survivor's benefits, insurance, and other applicable programs of the Company then in effect.

Appears in 1 contract

Samples: Executive Severance Agreement (Liposome Co Inc)

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