Definition of Deemed Retirement Date


Deemed Retirement Date means the later to occur of (a) the date six months after the Executive properly delivers a Notice of Retirement, or (b) the Termination Date.

Examples of Deemed Retirement Date in a sentence

The annual retirement benefit shall be payable in equal monthly installments in arrears beginning with the last day of the month in which the Deemed Retirement Date occurs.
As used herein, the term "Deemed Retirement Date" shall mean the first day of the month next following the calendar month during which occurs the later of (x) the 65th anniversary of the Executive's date of birth or (y) the last day of full-time employment of the Executive by the Company, regardless of the circumstances under which the Executive's full-time employment is terminated.
For purposes of this paragraph (2), a Participant's (or Inactive Participant's) Deemed Retirement Date is the date (if any) selected by such Participant (or Inactive Participant).
As used herein, the term "Deemed Retirement Date" shall mean the first day of the month next following the calendar month during which occurs the earlier of (x) the date of the Executive's death or (y) the last day of full-time employment of the Executive by the Company, regardless of the circumstances under which the Executive's full-time employment is terminated; and the term "Executive's Spouse" shall mean the Executive's wife on the date of this Restated Agreement.
If a Participant's benefits become payable because of his or her Termination of Employment, unless the Company exercises the Lump Sum Cash-Out Option, such Participant's benefit payments shall commence as soon as administratively practicable after the Deemed Retirement Date.