Death or Retirement. Executive’s employment shall terminate automatically upon Executive’s death or Retirement during the Term. For purposes of this Agreement, “Retirement” shall mean normal retirement as defined in the Company’s then-current retirement plan, or if there is no such retirement plan, “Retirement” shall mean voluntary termination after age sixty-five (65) with at least ten (10) years of service.
Death or Retirement. Executive’s employment shall terminate automatically upon Executive’s death or retirement during the Employment Period.
Death or Retirement. This Employment Agreement will terminate upon the Executive’s death or retirement.
Death or Retirement. The Employee's employment under this Agreement will be deemed to have terminated without further liability on the part of the Employer if the Employee dies or retires.
Death or Retirement. At the time of separation from school district employment due to retirement or death, an eligible employee, or the employee’s estate, shall receive remuneration at a rate equal to one (1) day’s current monetary compensation of the employee for each four (4) full day’s accrued sick leave for illness or injury up to 180 days.
Death or Retirement. Employee's employment shall terminate upon his death or retirement.
Death or Retirement. (a) In the event of the death or retirement of a member, longevity due for that year will be paid through the date of death or retirement on the same basis as partial year payment computations. It will not be paid on any terminal pay, but will be paid as a lump sum with any earned terminal pay.
Death or Retirement. Section 2 to the contrary notwithstanding, if you incur a Separation from Service because you die or because of Retirement, the right will only be exercisable to the extent it was exercisable under Section 2(a) on the date of your death or on the date of your Retirement. Notwithstanding Section 2, in the event of your Separation from Service because you die or because of Retirement, your personal representative or you, respectively, may exercise the exercisable portion of the right hereby granted for 1 year following the Separation from Service (but not later than 6 years from the date of grant). Retirement means a separation from service upon attainment of age 65 or, in those countries in which the law determines retirement age, such applicable age.
Death or Retirement. Upon retirement pursuant to the regulations of the Town of Concord Retirement System, each employee who draws a pension from the Town of Concord shall be paid for 50% of his/her accumulated, unused sick leave to a maximum of sixty two (62) paid days (50% of one hundred and twenty-four (124) days of accumulated sick leave). This payment for unused sick leave will be made in one payment, unless the employee indicates in writing that payment shall be made in four (4) equal annual payments in January, commencing with the January following retirement. An employee who voluntarily takes deferred retirement is not eligible for this pay for accumulated sick leave. Employees hired after June 30, 1982 shall not be entitled to the benefits of this section pertaining to sick leave buy back upon death/retirement. Accumulated sick leave shall be converted to equivalent eight (8) hour days, and the employee shall be paid on the basis of his/her hourly rate in effect at his/her retirement. Upon the death or permanent disability of an employee, payment for unused sick leave in accordance with the above formula will be made to the employee or his/her beneficiary. If the employee fails to name a beneficiary who survives him/her, payment shall be made to his/her estate.
Death or Retirement. This Employment Agreement will terminate upon Executive’s death or retirement. Sovran Self Storage, Inc. Restated Employment Agreement with Xxxxxx X. Xxxxx Page 3
