Early Retirement Date definition

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.
Early Retirement Date means: the day on which a Participant who has attained age fifty-five (55), but has not reached age sixty-five (65), with ten (l0) or more years of Credited Service, retires. A Participant is eligible for early retirement on the first day of the calendar month coincidental with or immediately following the attainment of age fifty-five (55) and the completion of ten (l0) years of Credited Service, and "early retirement" shall mean retirement by an eligible Participant at the Early Retirement Date.
Early Retirement Date means the month, day and year in which Early Retirement occurs.

Examples of Early Retirement Date in a sentence

  • An employee retiring from the service of the Company on an Early Retirement Date prior to age 62 will receive their Accrued Benefit reduced by 1/3% for each month that the Early Retirement Date precedes the first of the month coincident with or next following the employee's 62nd birthday.

  • An employee may retire on an Early Retirement Date which may be the first day of the month coincident with or next following the month in which the employee completes at least ten (10) years of service and attains age 55.

  • For employees who are active on or after July 11, 1993, an employee retiring from the service of the Company on an Early Retirement Date prior to age 62 will receive their Accrued Benefit reduced by 1/4% for each month that the Early Retirement Date precedes the first of the month coincident with or next following the employee's 62nd birthday.

  • An employee retiring from the service of the Company on an Early Retirement Date at or after age 62, or on a Normal Retirement Date, or on a Disability Retirement Date will have their Accrued Benefit reduced only to reflect an election of the Spouse Option, if applicable.


More Definitions of Early Retirement Date

Early Retirement Date means the date specified in the Adoption Agreement on which a Participant has satisfied the requirements specified in the Adoption Agreement (Early Retirement Age). If elected in the Adoption Agreement, a Participant shall become fully Vested upon satisfying such requirements if the Participant is still employed at the Early Retirement Age.
Early Retirement Date means the first day of the month (prior to the Normal Retirement Date) coinciding with or following the date on which a Participant or Former Participant attains age 55 and has completed at least 5 Years of Service with the Employer (Early Retirement Age). A Participant shall become fully Vested upon satisfying this requirement if still employed at his Early Retirement Age.
Early Retirement Date means, with respect to the Participant, the first day of a month that occurs on or after the date the Participant (i) attains age 55 and (ii) earns at least 10 Years of Service.
Early Retirement Date means the first day of the month coincident with or next following the date on which a Participant attains age 55 and completes 5 Years of Service.
Early Retirement Date means a retirement from service which is effective prior to the Normal Retirement Age stated herein, provided the Executive has attained age fifty-nine and one half (59 1/2) and is one hundred percent (100%) vested.
Early Retirement Date means the date that the Director has terminated service before his 72nd birthday provided he has completed at least 10 Years of Service.
Early Retirement Date means the date of a Member’s actual retirement determined in accordance with Section 4.02.