Full Retirement definition

Full Retirement with respect to a Participant means the termination of the Participant’s Employment at a time that the Participant has attained 10 or more years of service (or deemed service under applicable retirement arrangements) with the Company or applicable Affiliates and the Participant is age 62 or older.

Full Retirement means voluntary retirement after attaining at least age 65 with at least five years of continuous service with the Corporation or any Subsidiary prior to the date of such retirement.

Full Retirement means the retirement from the Board of Directors of a member after such member reaches the age of 70.

Examples of Full Retirement in a sentence

• The Actuarially Determined Contribution (ADC) dollar amount can be calculated by multiplying the City’s Full Retirement Rate (excludes portion of rate for Supplemental Death Benefits Fund) by the applicable payroll amount (for payroll, cities can use “gross earnings” as noted on line 1 of their TMRS-3 “Summary of Monthly Payroll Report”).

• Reconciliation of Full Retirement Rate from Prior Actuarial Valuation Report Actuarial valuations are based on long-term assumptions, and actual results in a specific year can, and almost certainly will, differ as actual experience deviates from the assumptions.

• Reconciliation of Full Retirement Rate from Prior Actuarial Valuation ReportActuarial valuations are based on long-term assumptions, and actual results in a specific year can, and almost certainly will, differ as actual experience deviates from the assumptions.

• The retirement of all three nuclear units under the Full Retirement Case would result in 8.9 million tons of additional CO2 emissions.Table 3.

• MAAC includes all or parts of the states of Delaware, Maryland, New Jersey, and Pennsylvania along with Washington, D.C.23 Under both the Hope Creek Retirement and the Full Retirement cases prepared by PA, more than 67% of the nuclear replacement generation is from natural gas and coal generating plants in MAAC.24 https://www.eia.gov/electricity/state/newjersey/index.php; https://www.epa.gov/egrid/ in 2019 and somewhat less NOx and SO2 emissions.

More Definitions of Full Retirement

Full Retirement means with respect to a Participant: (i) to cease to be employed by the Company or a Related Company due to voluntary separation after the Participant has attained at least one of the following: (A) at least 15 years of vesting service and a combination of age and years of vesting service that equals or exceeds 75 points, (B) 65 years of age and 5 years of vesting service, or (C) 55 years of age and 10 years of vesting service; (ii) to cease to be employed by the Company or a Related Company due to an involuntary termination of the Participant’s employment by the Company or a Related Company without Cause after the Participant attained at least one of the following: (A) at least 15 years of vesting service and a combination of age and years of vesting service that equals or exceeds 73 points, (B) 65 years of age and 5 years of vesting service, or (C) 55 years of age and 10 years of vesting service; or (iii) retirement of the Participant under any other circumstances determined in writing by the Executive Vice President and Chief Human Resources Officer of Verizon (or her or his designee), provided that, in any case, the retirement was not occasioned by a discharge for Cause. For purposes of this definition, “years of vesting service” is used as defined under the applicable Verizon tax-qualified 401(k) savings plan. For clarity, a “point” for these purposes means one year of age or one year of vesting service.

Full Retirement means the Termination of Employment on or after attainment of age 60 with 10 years of service, other than on account of an involuntary Termination of Employment, as determined by the Committee, in its discretion. For purposes of this Section 2.20, “years of service” is determined using the Participant's most-recent adjusted service date, as reflected at the Participant's Termination of Employment in the Company's records.

Full Retirement means the Optionee’s voluntary termination of employment, either (1) on or after attainment of age sixty-two (62) at a time when the sum of the Optionee’s age plus years of service with the Company or an Eligible Subsidiary is greater than or equal to eighty (80) or (2) Normal Retirement.

Full Retirement means the time at which a member who has already partially retired becomes entitled to receive any pension payable to him under this Section to which he is not already entitled under rule D.1A ;

Full Retirement. A voluntary Termination of Service when you are either (a) age 65 or older or (b) age sixty (60) or older and you have provided at least ten (10) years of service to the Company, in either case, where such Termination of Service is a bona fide end to your career in the industries and markets within which the Company does business. Capitalized terms not defined in this Agreement or the Award Notice but defined in the Plan have the same definitions as in the Plan. On any issues of interpretation arising from these Award Terms and Conditions and/or Plan definitions, the Committee’s decisions will be final and binding.

Full Retirement means that employees completely retire from current job and enjoy retirement. From the perspective of employers, it is no doubt that every employees want to retire and enjoy their life with family and friends. However, nowadays, the life expectancy is increased and people can be healthier, many of them would prefer prolonging the working life.

Full Retirement means the Termination of Employment on or after attainment of age 60 with 10 years of service, other than on account of an involuntary Termination of Employment, as determined by the Committee, in its discretion. For purposes of this Section 2.20, 'years of service' means 'Vesting Service', as defined under the Honeywell Retirement Earnings Plan (or any successor plan), without regard to service for any predecessor employer, except as approved by the Committee.