Disability Retirement Age definition

Disability Retirement Age means age 65, or such younger age not earlier than age 55 as may be approved for the Participant by the Compensation Committee.
Sample 1Sample 2
Disability Retirement Age means a Participant’s age as of which he is determined to have become Disabled, but not later than his Normal Retirement Age.
Sample 1
Disability Retirement Age means (i) the date a Disabled Participant attains age fifty-five (55) while Disabled, provided such Participant's Disability was continuous from his last day of active work with the University to his attainment of age fifty-five (55); or (ii) the date a Participant becomes Disabled on or after age fifty-five (55) while actively employed by the University.
Sample 1

Examples of Disability Retirement Age in a sentence

  • A Participant shall be 100% vested upon Death, Disability, Retirement Age or Plan Termination.

  • DISABILITY RETIREMENT DATE means the first day of the seventh month following the date a Participant attains his Disability Retirement Age.

  • A Participant who incurs a Severance From Service on or after his Disability Retirement Age shall be entitled to a disability retirement pension, which shall commence on his Disability Retirement Date.

  • A Participant who has completed at least five (5) years of Vesting Service and who incurs a Severance From Service before he becomes eligible to retire at his Normal Retirement Age, his Disability Retirement Age, or his Early Retirement Age shall be entitled to receive a retirement income for life commencing upon his Normal Retirement Date in an amount equal to his Accrued Benefit.

  • A Disabled Participant shall be entitled to receive the Participant’s Disability Retirement Benefit commencing on the first day of the calendar month coincident with or next following the date on which the Participant attains his or her Disability Retirement Age.

  • In addition, in the event that the Participant’s employment is terminated by the Company without Cause or by the Participant for any reason prior to the earliest of (a) attainment of his or her Normal Retirement Age (except as provided under Section 2.1(c) above), (b) the Participant’s satisfaction of the Rule of 80, (b) attainment of his or her Disability Retirement Age, or (c) a Change in Control, then no benefits shall be paid to the Participant or his or her Beneficiary under this Plan.

  • A Participant, whose employment with the Company and its Affiliates terminates on account of his or her Disability after the Participant (i) has attained his or her Disability Retirement Age, and (ii) has completed his or her Requisite Years of Service, shall be entitled to receive the Participant’s Disability Retirement Benefit commencing on the first day of the calendar month coincident with or next following the date on which the Participant attains his or her Disability Retirement Age.

  • The first sentence of SECTION 4.05 is amended to read as follows: A Participant who terminates active employment upon attainment of his Disability Retirement Age shall be entitled to a disability retirement pension which shall commence on his Disability Retirement Date.

  • If a Participant’s employment with the Company and its Affiliates terminates on account of his or her Disability after attaining his or her Disability Retirement Age but prior to the completion of his or her Requisite Years of Service, such Participant shall be entitled to receive the Participant’s Reduced Disability Retirement Benefit commencing on the first day of the calendar month coincident with or next following the date on which the Participant attains his or her Disability Retirement Age.

  • SECTION 1.11, the definition of "Disability Retirement Age" is amended to read as follows: 4 1.11 DISABILITY RETIREMENT AGE means the age at which a Participant terminates his active employment on or after attaining the age of forty (40), after completing at least fifteen (15) years of Vesting Service, and by reason of a Total and Permanent Disability.

Related to Disability Retirement Age

  • Disability retirement for plan 1 members, means the period

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

  • Normal Retirement Age means the Executive's 65th birthday.

  • Retirement Age means the earlier to occur of:

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

  • Early Retirement Age means the date that the Executive has attained age 55 and completed seven Years of Service.

  • Disability/Disabled means because of Injury or Sickness you are unable to perform the material duties of your Regular Occupation, or are receiving disability benefits under the Employer's plan, during the initial 9 months of Disability. Thereafter, you must be unable to perform all of the material duties of any occupation which you may reasonably become qualified based on education, training or experience, or are subject to the terms of a Rehabilitation Plan approved by the Insurance Company.

  • Social Security Retirement Age means the age used as the retirement age under Section 216(l) of the Social Security Act, applied without regard to the age increase factor and as if the early retirement age under Section 216(l)(2) of such Act were 62.

  • Normal Retirement means retirement from active employment with the Company or any Subsidiary on or after age 65.

  • Pregnancy disability means a pregnancy-related medical condition or miscarriage.

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

  • mental disability means one or more mental disorders, as defined in the most recent edition of the American Psychiatric Association's "Diagnostic and Statistical Manual of Mental Disorders", or a record of or regarding a person as having one or more such disorders;

  • 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.

  • Disability or Disabled means that during the Elimination Period and your Own Occupation Period you are, as a result of Physical Disease, Injury, Mental Disorder, Substance Abuse or Pregnancy, unable to perform one or more of the Material Duties of your Own Occupation, and, due to such inability, your Work Earnings are less than 80% of your Indexed Predisability Earnings, and you are incapable of earning 80% or more of your Indexed Predisability Earnings. Your Work Earnings may be Deductible Income. See the “LTD Benefit Calculation” and “Deductible Income” sections.

  • Disability Termination means the termination of a Participant’s employment under the disability provisions of the Participant’s Employment Agreement or, if the Participant is not a party to an Employment Agreement, then as a result of a “Disability” as defined in the Plan.

  • Disability means total and permanent disability as defined in Section 22(e)(3) of the Code.

  • Normal Retirement Benefit means an annual benefit equal to One Hundred Fifty Thousand Dollars and No/100 ($150,000.00) per year, payable in accordance with the terms of this Agreement. Beginning on the thirteenth month that the Normal Retirement Benefit is paid, and continuing thereafter until paid in full, the Normal Retirement Benefit shall be increased annually by three percent (3%) from the previous year’s Normal Retirement Benefit amount to account for cost of living increases.

  • Accidental disability means a physical or mental condition that

  • Disability Date means the date on which a Participant is deemed disabled under the employee benefit plans of the Corporation applicable to the Participant.

  • 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).

  • 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.

  • Total Disability means a “permanent and total disability” within the meaning of Section 22(e)(3) of the Code and such other disabilities, infirmities, afflictions or conditions as the Committee by rule may include.

  • Partial Disability or "Partially Disabled" means you, as a result of Injury or Sickness, are able to:

  • Permanent Disability means the Employee’s inability to perform the essential functions of the Employee’s position, with or without reasonable accommodation, for a period of at least 120 consecutive days because of a physical or mental impairment.

  • Severance from Service Date means the earlier of:

  • Child with a disability means a child who, by reason of any of the following, needs special education and related services: