Common use of TERMINATION UPON RETIREMENT, DISABILITY OR DEATH Clause in Contracts

TERMINATION UPON RETIREMENT, DISABILITY OR DEATH. (a) For purposes of this Agreement, termination by the Company of Executive’s employment based on “Retirement” shall mean termination of Executive’s employment by the Company upon attainment of age 65, or such later date as determined to by the Board of Directors of the Company. Upon termination of Executive’s employment upon Retirement, Executive shall be entitled to all benefits under any retirement plan of the Company and other plans to which Executive is a party but shall not be entitled to the termination benefits specified in Section 6(b) through (d) hereof.

Appears in 10 contracts

Samples: Employment Agreement (Cryo Cell International Inc), Employment Agreement (Cryo Cell International Inc), Employment Agreement (Cryo Cell International Inc)

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TERMINATION UPON RETIREMENT, DISABILITY OR DEATH. (a) For purposes of this Agreement, termination by the Company or the Bank of Executive’s employment based on “Retirement” shall mean termination of Executive’s employment by the Company or the Bank upon attainment of age 65, or such later date as determined to by the Board of Directors of the CompanyCompany or the Bank, as applicable. Upon termination of Executive’s employment upon Retirement, Executive shall be entitled to all benefits under any retirement plan of the Company or the Bank and other plans to which Executive is a party but shall not be entitled to the termination benefits Termination Benefits specified in Section 6(b) through (d) hereof.

Appears in 3 contracts

Samples: Employment Agreement (Investors Bancorp, Inc.), Employment Agreement (Investors Bancorp Inc), Employment Agreement (New Investors Bancorp, Inc.)

TERMINATION UPON RETIREMENT, DISABILITY OR DEATH. (a) For purposes of this Agreement, termination by the Company or the Bank of Executive’s employment based on “Retirement” shall mean termination of Executive’s employment by the Company or the Bank upon attainment of age 65, or such later date as determined to by the Board of Directors of the CompanyBoard. Upon termination of Executive’s employment upon Retirement, Executive shall be entitled to all benefits under any retirement plan of the Company or Bank and other plans to which Executive is a party party, but he shall not be entitled to the termination benefits Termination Benefits specified in Section 6(b) through (dc) hereof.

Appears in 2 contracts

Samples: Employment Agreement (Magyar Bancorp, Inc.), Employment Agreement (Magyar Bancorp, Inc.)

TERMINATION UPON RETIREMENT, DISABILITY OR DEATH. (a) For purposes of this Agreement, termination by the Company of Executive’s 's employment based on "Retirement" shall mean termination of Executive’s 's employment by the Company upon attainment of age 65, or such later date as determined to by the Board of Directors of the Company. Upon termination of Executive’s 's employment upon Retirement, Executive shall be entitled to all benefits under any retirement plan of the Company and other plans to which Executive is a party but shall not be entitled to the termination benefits specified in Section 6(b) through (d) hereof.

Appears in 2 contracts

Samples: Employment Agreement (Cryo Cell International Inc), Employment Agreement (Cryo Cell International Inc)

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TERMINATION UPON RETIREMENT, DISABILITY OR DEATH. (a) For purposes of this Agreement, termination by the Company of Executive’s employment based on “Retirement” shall mean termination of Executive’s employment by the Company upon attainment of age 6570, or such later date as determined to by the Board of Directors of the CompanyBoard. Upon termination of Executive’s employment upon Retirement, Executive shall be entitled to all benefits under any retirement plan of the Company Company, and other plans to which Executive is a party party, but shall not be entitled to the termination benefits specified in Section 6(b) through (d) hereof9.

Appears in 2 contracts

Samples: Employment Agreement (Cryo Cell International Inc), Employment Agreement (Cryo Cell International Inc)

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