Deemed Retirement Date definition

Deemed Retirement Date means the later to occur of (a) the date six months after Executive properly delivers a Notice of Retirement, or (b) the Termination Date.
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Deemed Retirement Date means 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.
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Deemed Retirement Date means 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. In consideration of the execution by the Company and the Executive of that certain Agreement, dated as of December 31, 1996, by and between the Company, THL Transaction I Corp. and the Executive, and of other good and valuable consideration each to the other in hand paid, the receipt and sufficiency of which are hereby acknowledged, the parties hereto hereby agree as follows:
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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.

  • A lump sum payment shall be made on January 15 of the year following the year in which the Deemed Retirement Date occurred.

  • In writing your commentary, focus on the extract itself, referring to the document as a whole only when it helps your understanding or influences your assessment of the significance of the extract itself.

  • 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.

  • The Chairs of the Research, Diversity and Inclusion, Young Members, Socio-Economic Committees and Study Groups Sub-committee shall be non-voting members of the Education committee.

  • Further Deferral ---------------- Notwithstanding (a) and (b) of this section, a Participant may elect to further defer receipt of all or a portion of his Participant Account for a period not to exceed ten years from the earlier to occur of the Deemed Retirement Date or, if applicable, the date of the termination of the Participant's service as a director.

  • Amounts previously credited to a Participant's Exide Stock Subaccount may not be transferred to his Investment Subaccount, except after a date which is one year prior to the Deemed Retirement Date.

  • A Participant who retires at his Deemed Retirement Date will receive the entire value of his Participant Account in the manner he so elected (subject to Section 6(c)).

  • Annual cash installment payments shall commence on January 15 of the year following the year in which the Deemed Retirement Date occurred, and shall be paid annually thereafter.


More Definitions of Deemed Retirement Date

Deemed Retirement Date means the first day of the month following the date a Participant or former Participant attains the age of sixty-five (65).
Sample 1
Deemed Retirement Date means 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; and the term “Executive’s Spouse” shall mean the Executive’s wife on the date of this Agreement. Notwithstanding the foregoing provisions of this Section 3.4 or any other provision of this Agreement, the phrase and term “total annual compensation” as used in this Section 3.4 or elsewhere in this Agreement shall not include, or be deemed to include, any securities distributed or payments made to the Executive pursuant to Sections 2 and/or 3 of that certain Agreement, dated as of the 31st day of December 1996, by and between the Company, THL Transaction I Corp., Lxxxxxx Xxxxxxxx and the Executive, it being intended and agreed that the distributions of securities and cash payments made and to be made pursuant thereto shall not increase or otherwise affect the retirement benefit provided for in this Section 3.4.
Sample 1
Deemed Retirement Date means 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 month in which the Executive’s Severance Period ends. Notwithstanding the foregoing provisions of this Section 3.4 or any other provision of this Agreement, the phrase and term “total annual compensation” as used in this Section 3.4 or elsewhere in this Agreement shall not include, or be deemed to include, any securities distributed or payments made to the Executive pursuant to Sections 2 and/or 3 of that certain Agreement, dated as of the 31st day of December 1996, by and between the Company, THL Transaction I Corp., Xxxxxxx Xxxxxxxx and the Executive, it being intended and agreed that the distributions of securities and cash payments made and to be made pursuant thereto shall not increase or otherwise affect the retirement benefit provided for in this Section 3.4.
Sample 1

Related to Deemed Retirement Date

  • Deferred Retirement Date means, in the case of any Participant who continues in employment after his Normal Retirement Date, the first day of any month following his actual retirement.

  • Postponed Retirement Date means the first day of the month coincident with or next following a Participant’s date of actual retirement which occurs after his Normal Retirement Date.

  • Disability Retirement Date means the first day of the month following the last day of paid employment;

  • Qualified Retirement means the Participant’s voluntary termination of Service after reaching age 65 and completing 10 years of service with the Company, its Subsidiaries or predecessors.

  • Late Retirement Date means the first day of the month coinciding with or next following a Participant's actual Retirement Date after having reached his Normal Retirement Date.

  • Retirement Date means the date as of which a Participant retires for reasons other than Total and Permanent Disability, whether such retirement occurs on a Participant's Normal Retirement Date or Late Retirement Date (see Section 6.1).

  • Normal Retirement Date means the later of the Normal Retirement Age or Termination of Employment.

  • Earliest Retirement Age means the earliest date on which, under the Plan, the Participant could elect to receive retirement benefits.

  • Approved Retirement means any voluntary termination of employment that occurs on or after the date on which the sum of your age and years of employment with Deluxe and/or its Affiliates equals at least seventy-five (75) and that is approved by the Compensation Committee of the Board.

  • Early Retirement Date means the Retirement, as defined below, of the Executive on a date which occurs prior to the Executive attaining sixty-two (62) years of age, but after the Executive has attained fifty-five (55) years of age.

  • Qualifying Retirement means the Employee’s voluntary termination of employment after the Employee has (i) attained (X) age sixty-five (65), (Y) age fifty-five (55) with ten (10) Years of Service as a full-time employee of the Partnership or any of its Affiliates, or (Z) an age which, when added to such Years of Service of the Employee equals at least seventy-five (75), and (ii) previously delivered a written notice of retirement to the Partnership and on the date of retirement the Employee has satisfied the minimum applicable advance written notice requirement set forth below: Age at Voluntary Termination Number of Years of Advance Notice 58 or younger 59 60 or older 3 years 2 years 1 year By way of illustration, and without limiting the foregoing, if (i) the Employee is eligible to retire at age fifty-nine (59) after ten (10) Years of Service, (ii) the Employee gives two (2) years notice at age fifty-eight (58) that the Employee intends to retire at age sixty (60), and (iii) the Employee later terminates employment at age fifty-nine (59), then the Employee’s retirement at age fifty-nine (59) would not constitute a Qualifying Retirement. However, if (i) the Employee is eligible to retire at age fifty-nine (59) after ten (10) Years of Service, (ii) the Employee gives two (2) years notice at age fifty-eight (58) that the Employee intends to retire at age sixty (60), and (iii) the Employee terminates employment upon reaching age sixty (60), then the Employee’s retirement at age sixty (60) would constitute a Qualifying Retirement.

  • Designated Retirement Account means any retirement plan or account described or qualified under the Internal Revenue Code of 1986, as amended, or a subaccount thereof.

  • Severance from Service Date means the earlier of:

  • Scheduled Termination Date means the date that is 364 days from (and including) the Effective Date, or any succeeding date to which the term of this Agreement is extended pursuant to Section 2.03.

  • Special Retirement means an Optionee’s termination of employment or service with the Employers and Affiliates on or after the later of (i) the Optionee’s attainment of age 62 and (ii) the Optionee’s Early Retirement Date or Normal Retirement Date, as such terms are defined in the Telephone and Data Systems, Inc. Pension Plan.

  • Individual retirement account means a trust, custodial arrangement, or annuity under Section 408(a) or (b), Internal Revenue Code of 1954 (26 U.S.C. Section 408 (1986)).

  • Disability retirement for plan 1 members, means the period

  • Service Termination Date means the last Day in a month upon which Service shall terminate, as set forth in a Schedule of Service and subject to any renewal thereof.

  • Accrual Termination Date Not applicable.

  • Retirement Age means the earlier to occur of:

  • Severance Date means the date on which an Executive incurs a Severance, which shall be the date of termination as determined under Section 5.2.

  • Separates from Service or “Separation from Service” means the Participant’s termination of service as a non‑employee director and as an employee of UGI for any reason other than death and shall be determined in accordance with section 409A of the Code.

  • Premium Termination Date With respect to the Series A Certificates, the scheduled maturity date of the Series A Certificates, with respect to the Series B Certificates, the scheduled maturity date of the Series B Certificates and with respect to the Series C Certificates, the scheduled maturity date of the Series C Certificates.

  • Pre-Retirement Survivor Benefit means the benefit set forth in Article 6.

  • Retirement Eligible means that the Participant has either attained age 55 and completed ten (10) years of Service as an Employee or attained age 60 and completed five (5) years of Service as an Employee.

  • Purchase Termination Date means the date upon which the Transferor shall cease, for any reason whatsoever, to make purchases of Receivables from the Seller under the Receivables Purchase Agreement or the Receivables Purchase Agreement shall terminate for any reason whatsoever.