Common use of TERMINATION UPON RETIREMENT Clause in Contracts

TERMINATION UPON RETIREMENT. Termination of Executive’s employment based on “Retirement” shall mean termination of Executive’s employment at any time after Executive reaches age 65 or in accordance with any retirement policy established by the Board with Executive’s consent as it applies to him. Upon termination of Executive based on Retirement, no amounts or benefits shall be due Executive under this Agreement, and Executive shall be entitled to all benefits under any retirement plan of the Bank and other plans to which Executive is a party.

Appears in 12 contracts

Samples: Employment Agreement (EWSB Bancorp, Inc. /MD/), Employment Agreement (PFS Bancorp, Inc.), Employment Agreement (EWSB Bancorp, Inc. /MD/)

AutoNDA by SimpleDocs

TERMINATION UPON RETIREMENT. Termination of Executive’s employment based on “Retirement” shall mean termination of Executive’s employment at any time after Executive reaches age 65 or in accordance with any retirement policy established by the Board with Executive’s consent as it applies with respect to him. Upon termination of Executive based on Retirement, no amounts or benefits shall be due Executive under this Agreement, and Executive shall be entitled to all benefits under any retirement plan of the Bank Association and other plans to which Executive is a party.

Appears in 10 contracts

Samples: Employment Agreement (Poage Bankshares, Inc.), Employment Agreement (Oconee Federal Financial Corp.), Employment Agreement (Poage Bankshares, Inc.)

TERMINATION UPON RETIREMENT. Termination of Executive’s employment based on “Retirement” shall mean termination of Executive’s employment at any time after Executive reaches age 65 or in accordance with any retirement policy established by the Board with Executive’s consent as it applies with respect to him. Upon termination of Executive based on Retirement, no amounts or benefits shall be due Executive under this Agreement, and Executive shall be entitled to all benefits under any retirement plan of the Bank and other plans to which Executive is a party.

Appears in 10 contracts

Samples: Employment Agreement (Westbury Bancorp, Inc.), Employment Agreement (Westbury Bancorp, Inc.), Employment Agreement (Beacon Federal Bancorp, Inc.)

TERMINATION UPON RETIREMENT. Termination of Executive’s employment based on “Retirement” shall mean termination of Executive’s employment at any time after Executive reaches age 65 sixty-five (65) or in accordance with any retirement policy established by the Board with Executive’s consent as it applies with respect to him. Upon termination of Executive based on Retirement, no amounts or benefits shall be due Executive under this Agreement, and Executive shall be entitled to all benefits under any retirement plan of the Bank Employer and other plans to which Executive is a party.

Appears in 9 contracts

Samples: Employment Agreement (Atlantic Coast Financial CORP), Employment Agreement (Atlantic Coast Federal Corp), Employment Agreement (Atlantic Coast Financial CORP)

TERMINATION UPON RETIREMENT. Termination of Executive’s employment based on “Retirement” shall mean termination of Executive’s employment at any time after Executive reaches age 65 or in accordance with any retirement policy established 65, unless extended by the Board with Executive’s consent as it applies to himBoard. Upon termination of Executive Executive’s employment based on Retirement, no amounts or benefits shall be due Executive under this Agreement, and Executive shall be entitled to all benefits under any retirement plan of the Bank and other plans to which Executive is a party.

Appears in 7 contracts

Samples: Employment Agreement (Ben Franklin Financial, Inc.), Employment Agreement (Ben Franklin Financial, Inc.), Employment Agreement (Ben Franklin Financial, Inc.)

TERMINATION UPON RETIREMENT. Termination of Executive’s employment based on “Retirement” shall mean termination of Executive’s employment at any time after Executive reaches age 65 70 or in accordance with any retirement policy established by the Board with Executive’s consent as it applies to him. Upon termination of Executive based on Retirement, no amounts or benefits shall be due Executive under this Agreement, and Executive shall be entitled to all benefits under any retirement plan of the Bank and other plans to which Executive is a party.

Appears in 6 contracts

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

TERMINATION UPON RETIREMENT. Termination of Executive’s employment based on “Retirement” shall mean termination of Executive’s employment at any time after Executive reaches age 65 or in accordance with any retirement policy established by the Board with Executive’s consent as it applies with respect to him. Upon termination of Executive based on Retirement, no amounts or benefits shall be due Executive under this Agreement, and Executive shall be entitled to all benefits under any retirement plan of the Bank and other plans to which Executive is a party.

Appears in 4 contracts

Samples: Employment Agreement (ESSA Bancorp, Inc.), Employment Agreement (Seneca-Cayuga Bancorp, Inc.), Employment Agreement (ESSA Bancorp, Inc.)

TERMINATION UPON RETIREMENT. Termination of Executive’s employment based on “Retirement” shall mean termination of Executive’s employment at any time after Executive reaches age 65 or in accordance with any retirement policy established by the Board with Executive’s consent as it applies with respect to him. Upon termination of Executive based on Retirement, no amounts or benefits shall be due Executive under this Agreement, and Executive shall be entitled to all benefits under any retirement plan of the Bank Employer and other plans to which Executive is a party.

Appears in 4 contracts

Samples: Employment Agreement (Evans Bancorp Inc), Employment Agreement (Evans Bancorp Inc), Employment Agreement (Evans Bancorp Inc)

TERMINATION UPON RETIREMENT. Termination of Executive’s employment based on “Retirement” shall mean termination of Executive’s employment at any time after Executive reaches age 65 or in accordance with any retirement policy established by the Board with Executive’s consent as it applies with respect to him. Upon termination of Executive based on Retirement, no amounts or benefits shall be due to the Executive under this Agreement, and Executive shall be entitled to all benefits under any retirement plan of the Bank and other plans to which Executive is a party.

Appears in 3 contracts

Samples: Employment Agreement (Generations Bancorp NY, Inc.), Employment Agreement (Generations Bancorp NY, Inc.), Employment Agreement (Generations Bancorp NY, Inc.)

TERMINATION UPON RETIREMENT. Termination of Executive’s employment based on “Retirement” shall mean termination of Executive’s employment at any time after Executive reaches age 65 or in accordance with any retirement policy established by the Board with Executive’s consent as it applies with respect to him. Upon termination of Executive based on Retirement, no amounts or benefits shall be due Executive under this Agreement, and Executive shall be entitled to all benefits under any retirement plan of the Bank Association and other plans to which Executive is a party.

Appears in 2 contracts

Samples: Employment Agreement (Flatbush Federal Bancorp Inc), Employment Agreement (Flatbush Federal Bancorp Inc)

TERMINATION UPON RETIREMENT. Termination of Executive’s employment based on “Retirement” shall mean termination of Executive’s employment at any time after Executive reaches age 65 or in accordance with any retirement policy established by the Board with Executive’s consent as it applies with respect to himher. Upon termination of Executive based on Retirement, no amounts or benefits shall be due Executive under this Agreement, and Executive shall be entitled to all benefits under any retirement plan of the Bank Association and other plans to which Executive is a party.

Appears in 2 contracts

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

TERMINATION UPON RETIREMENT. Termination of Executive’s employment based on “Retirement” shall mean termination of Executive’s employment at any time after Executive reaches age 65 or in accordance with any retirement policy established by the Board with Executive’s consent as it applies with respect to himher. Upon termination of Executive based on Retirement, no amounts or benefits shall be due to the Executive under this Agreement, and Executive shall be entitled to all benefits under any retirement plan of the Bank and other plans to which Executive is a party.

Appears in 2 contracts

Samples: Employment Agreement (Generations Bancorp NY, Inc.), Employment Agreement (Generations Bancorp NY, Inc.)

TERMINATION UPON RETIREMENT. Termination of Executive’s employment based on “Retirement” shall mean termination of Executive’s employment at any time after Executive reaches age 65 or in accordance with any retirement policy established by the Board with Executive’s consent as it applies to himher. Upon termination of Executive based on Retirement, no amounts or benefits shall be due Executive under this Agreement, and Executive shall be entitled to all benefits under any retirement plan of the Bank and other plans to which Executive is a party.

Appears in 2 contracts

Samples: Employment Agreement (FFBW, Inc. /MD/), Employment Agreement (FFBW, Inc. /MD/)

AutoNDA by SimpleDocs

TERMINATION UPON RETIREMENT. Termination of Executive’s employment based on “Retirement” shall mean termination of Executive’s employment at any time on or after Executive reaches age 65 or and in accordance with any a retirement policy established by the Board with Executive’s consent as it applies with respect to him. Upon termination of Executive based on Retirement, no amounts or benefits shall be due Executive under this Agreement, and Executive shall be entitled to all benefits under any retirement plan of the Bank and other plans to which Executive is a party.

Appears in 1 contract

Samples: Northfield Savings Bank (Northfield Bancorp, Inc.)

TERMINATION UPON RETIREMENT. Termination of Executive’s employment based on “Retirement” shall mean termination of Executive’s employment at any time after Executive reaches age 65 or in accordance with any retirement policy established by the Board with Executive’s consent as it applies to himBoard. Upon termination of Executive based on Retirement, no amounts or benefits shall be due Executive under this Agreement, and Executive shall be entitled to all benefits under any retirement plan of the Bank and other plans to which Executive is a party.

Appears in 1 contract

Samples: Employment Agreement (Georgetown Bancorp, Inc.)

TERMINATION UPON RETIREMENT. Termination of Executive’s employment based on “Retirement” shall mean termination of Executive’s employment at any time after Executive reaches age 65 or in accordance with any retirement policy established by the Board with Executive’s consent as it applies to him. Upon termination of Executive based on Retirement, no amounts or benefits shall be due Executive under this Agreement, and Executive shall be entitled to all benefits under any retirement plan of the Bank and other plans to which Executive is a party.

Appears in 1 contract

Samples: Employment Agreement (PFS Bancorp, Inc.)

TERMINATION UPON RETIREMENT. Termination of Executive’s 's employment based on “Retirement” shall mean termination of Executive’s 's employment at any time after Executive reaches age 65 or in accordance with any retirement policy established by the Board with Executive’s 's consent as it applies with respect to him. Upon termination of Executive based on Retirement, no amounts or benefits shall be due Executive under this Agreement, and Executive shall be entitled to all benefits under any retirement plan of the Bank Employer and other plans to which Executive is a partyparty and shall specifically include pay for accrued unused PTO pursuant to Xxxxx policy.

Appears in 1 contract

Samples: Acknowledgment and Release (Evans Bancorp Inc)

TERMINATION UPON RETIREMENT. Termination of Executive’s employment based on “Retirement” shall mean termination of Executive’s employment at any time on or after Executive reaches age 65 unless extended by the Board or in accordance with any retirement policy established by the Board Bank or the Company with Executive’s consent as it applies with respect to himhis. Upon termination of Executive Executive’s employment based on Retirement, no amounts or benefits shall be due Executive under this Agreement, and Executive shall be entitled to all benefits under any retirement plan of the Bank and other plans to which Executive is a party.

Appears in 1 contract

Samples: Employment Agreement (First Clover Leaf Financial Corp.)

TERMINATION UPON RETIREMENT. Termination of Executive’s 's employment based on "Retirement" shall mean termination of Executive’s 's employment by the Board on or after age 65, Executive's voluntary termination at any time after Executive reaches age 65 65, or in accordance with retirement at any retirement policy established time as agreed upon by the Board with and Executive’s consent as it applies to him. Upon termination of Executive based on Retirement, no amounts or benefits shall be due Executive under this Agreement, and Executive shall be entitled to all benefits under any retirement plan of the Bank and other plans to which Executive is a party, or in accordance with any other retirement arrangements approved by the Board.

Appears in 1 contract

Samples: Waterstone Bank SSB (Waterstone Financial, Inc.)

TERMINATION UPON RETIREMENT. Termination of Executive’s employment based on “Retirement” shall mean termination of Executive’s employment at any time after Executive reaches age 65 55 or in accordance with any retirement policy established by the Board with Executive’s consent as it applies with respect to him. Upon termination of Executive based on Retirement, no amounts or benefits shall be due Executive under this Agreement, and Executive shall be entitled to all benefits under any retirement plan of the Bank and other plans to which Executive is a party.

Appears in 1 contract

Samples: Employment Agreement (Atlantic Coast Financial CORP)

TERMINATION UPON RETIREMENT. Termination of Executive’s employment based on “Retirement” shall mean termination of Executive’s employment at any time after Executive reaches age 65 or in accordance with any retirement policy established by the Board with Executive’s consent as it applies with respect to himthe Executive. Upon termination of Executive based on Retirement, no amounts or benefits shall be due Executive under this Agreement, and Executive shall be entitled to all benefits under any retirement plan of the Bank and other plans to which Executive is a party.

Appears in 1 contract

Samples: Employment Agreement (Beacon Federal Bancorp, Inc.)

Time is Money Join Law Insider Premium to draft better contracts faster.