Delayed Retirement definition

Delayed Retirement means ceasing to be an Employee after the Participant's Normal Retirement Date.

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Delayed Retirement means for periods on or after January 1, 2005, a Participant’s Separation from Service; provided that the Participant’s age exceeds 65 and his/her Period of Service is at least 10 years, as of the date of such Separation from Service.

Delayed Retirement means the Participant’s Termination of Relationship due to his retirement from the Company and its Affiliates after providing the Company with at least 6 months’ prior written notice of such intended retirement on or after October 7, 2024 (or such earlier date as approved by the Committee in its sole discretion); provided, however, that if the Company involuntarily terminates the Participant without Cause or the Participant dies or incurs a Disability after the Participant delivers the notice described in this sentence, such termination shall not fail to qualify as a “Retirement with Notice” or “Delayed Retirement”, as applicable, by virtue of the termination occurring less than the number of months of the notice period after the notice date, such that, for purposes of this Section 3, the Participant shall not be treated as having had a Termination of Relationship prior to the effective date of the Retirement with Notice or Delayed Retirement, as applicable; and provided, further, that the Committee may, in its sole discretion, waive any such notice, in whole or in part, as may be required for Participant to effect a Retirement with Notice or Delayed Retirement.

Examples of Delayed Retirement in a sentence

A Participant who continues in the active employment of the Employer beyond his Normal Retirement Date shall continue to participate in the Plan, and his Delayed Retirement Date shall be the first day of the calendar month coinciding with or next following the date of termination of his employment with the Employer.
A Participant shall, upon retirement on his Delayed Retirement Date, receive a monthly retirement benefit which shall commence on the date of such retirement or the first day of any month thereafter (but no later than required by Section 3.09) and shall be payable under the Normal Form of Retirement Benefit.
If a Participant shall remain in employment beyond his Normal Retirement Date, his Delayed Retirement Date shall be the first day of the month coinciding with or next following the date such Participant notifies the Employer that his retirement is to be effective.
All benefits due a Participant in accordance with Section 6.03 (Normal Retirement Benefit), 6.04 (Delayed Retirement Benefit), 6.05 (Early Retirement Benefit), or 6.06 (Disability Benefit) shall commence as soon after the day on which the Participant retires or becomes disabled as the adjustments to accounts provided for in Articles IV and V can be made.
A Participant who continues in the ----------------------- active employment of the Employer beyond his Normal Retirement Date shall continue to participate in the Plan, and his Delayed Retirement Date shall be the first day of the calendar month coinciding with or next following the date of termination of his employment with the Employer.
In the event that the Employee continues her employment with the savings bank beyond her Normal Retirement Date, her Delayed Retirement Date shall be the first day of the month coinciding with or next following the actual date the Employee retires from the employment of the savings bank.
If the Participant incurs a Separation from Service after his Normal Retirement Date, his Plan benefits shall be paid in a series of monthly installments each in an amount equal to the Normal Retirement Benefit described in section 3.1 above (i.e., his plan benefit will not be increased if his Separation from Service is delayed beyond his Normal Retirement Date), commencing on the 1st day of the month following his Delayed Retirement Date and continuing until his death.
Benefit shall refer to the Normal Retirement Benefit, the Early Retirement Benefit, the Delayed Retirement Benefit, the Disability Benefit or the Death Benefit, as applicable.
Pursuant to Section 5 of the employment agreement among DFG, DFC and the Executive dated as of October 30, 2009 (the “Employment Agreement”), Executive’s employment has been terminated without Cause, for Good Reason, upon Retirement, Delayed Retirement or Disability (as all terms are defined in the Employment Agreement).
If a Participant’s Delayed Retirement Date is on or after the April 1 following the calendar year in which the Participant attains age 70-1/2; in no event will the amount payable to a Participant at such Delayed Retirement Date be less than the amount determined above as of the April 1 following the calendar year in which the Participant attains age 70-1/2 actuarially increased under Section 14.1.04, with respect to the period commencement is deferred.

More Definitions of Delayed Retirement

Delayed Retirement. If a participant shall remain in service following his normal retirement date, his retirement date shall be the date he shall actually retire. During the period that such participant remains in service pursuant to this Section 4.2, he shall continue to participate for and including each plan year in which he meets the requirements therefor. If an employee not otherwise a participant becomes eligible to enter the plan following his normal retirement date, the provisions of this Section 4.2 shall apply in determining his retirement date.

Delayed Retirement means any voluntary termination by the Executive of his employment on or after June 30, 2012, or any termination by the Company for any reason on or after June 30, 2014; provided that if the Company gives the Executive a notice of non-renewal of the Initial Term, any Renewal Term or the Change in Control Term pursuant to Section 5(a), the Executive’s employment may continue at-will until terminated or shall terminate upon the expiration of the Term and such termination shall be deemed to be a “Delayed Retirement” for purposes of this Agreement. For the avoidance of doubt, termination of the Executive’s at-will employment following non-renewal of this Agreement shall constitute a “Delayed Retirement” for purposes of the Executive’s rights to the Capstone Award, Incremental Capstone and the benefits described in Section 5(h)(iii), each of such rights surviving the Term of this Agreement.

Delayed Retirement. Date shall mean for a Participant who continues his or her Employment beyond the Participant’s Normal Retirement Date or elects to defer the Annuity Starting Date of his or her Retirement Income beyond Normal Retirement Date, the first day of the month that is as soon as administratively feasible following the date on which the Participant (i) has a Termination Date and (ii) properly submits all required elections and documentation to begin the receipt of Retirement Income. A Participant’s Delayed Retirement Date may not be later than the required beginning date set forth in Section 6.03(a)(ii). 6. Effective January 1, 2005, Section 2.20 is hereby revised to read as follows: