Definition of Deferred Retirement Age


Deferred Retirement Age means the earlier of (1) attainment of age 70 or (2) termination of employment form Wachovia.
Sample 1

Examples of Deferred Retirement Age in a sentence

OPTION D: Deferred (Retirement Age) Installment Payments payments (no less than 4 nor more than 40) commencing after the first day of the calendar quarter following the later of the date of my termination of services as an Independent Director or my the birthday.
In the alternative, such Senior Officer Participant may elect to receive payment, upon attainment of his Deferred Retirement Age in quarterly or annual installments over a period not to exceed fifteen years, such installments to commence on the first day of the quarter next following the attainment of Deferred Retirement Age, or as soon as administratively possible thereafter, and to continue until the entire Deferred Retirement Account is paid in full.
Such Senior Officer Participant may elect the alternative payment by notifying Wachovia in writing at any time prior to the beginning of the Plan Year in which he attains Deferred Retirement Age.
Such deferred amount shall be credited to a 'Deferred Retirement Account' to be payable in cash and in one lump sum payment on or before the 30th day following his Deferred Retirement Age, or as soon as administratively possible thereafter.