Key Position Retirement Date definition

Key Position Retirement Date means the date on or after July 31, 2013 on which Executive incurs a voluntary “separation from service” from the Company within the meaning of Section 409A of the Internal Revenue Code of 1986, as amended, and the regulations thereunder (without giving effect to any elective provisions that may be available under such definition of separation from service) and for which Executive provides at least one year’s advance notice (subject to waiver by the Company as set forth in Section 5(g) below). Such notice shall not be given before July 31, 2012. Notwithstanding the foregoing, in the event that Executive dies after he has given notice pursuant to this Agreement but before the end of the notice period, the date of Executive’s death shall be the Key Position Retirement Date for the purposes of this Agreement. For the avoidance of doubt, in no event shall the Key Position Retirement Date be triggered by (i) the involuntary termination of Executive’s employment by the Company, other than the Company’s waiver of any portion of Executive’s notice oftermination as set forth in Section 5(g) below, or (ii) by Executive’s resignation for “Good Reason” under the terms of the Employment Agreement.
Sample 1
Key Position Retirement Date means the date on or after July 31, 2013 on which Executive incurs a voluntary “separation from service” from the Company within the meaning of Section 409A of the Internal Revenue Code of 1986, as amended, and the regulations thereunder (without giving effect to any elective provisions that may be available under such definition of separation from service) and for which Executive provides at least one year’s advance notice (subject to waiver by the Company as set forth in Section 5(g) below). Such notice shall not be given before July 31, 2012. Notwithstanding the foregoing, in the event that Executive dies after he has given notice pursuant to this Agreement but before the end of the notice period, the date of Executive’s death shall be the Key Position Retirement Date for the purposes of this Agreement. For the avoidance of doubt, in no event shall the Key Position Retirement Date be triggered by (i) the involuntary termination of Executive’s employment by the Company, other than the Company’s waiver of any portion of Executive’s notice of termination as set forth in Section 5(g) below, or (ii) by Executive’s resignation for “Good Reason” under the terms of the Employment Agreement.
Sample 1
Key Position Retirement Date means the date on or after July 31, 2013 on which Executive incurs a voluntary “separation from service” from the Company within the meaning of Section 409A of the Internal Revenue Code of 1986, as amended, and the regulations thereunder (without giving effect to any elective provisions that may be available under such definition of separation from service) and for which Executive provides at least six month’s advance notice (subject to waiver by the Company as set forth in Section 5(g) below). Except as modified hereby, the terms and conditions of the Agreement shall remain in full force and effect; provided, however, that if any term or condition of the Agreement conflicts with or is inconsistent with any term or condition of this Amendment, such terms and conditions hereof shall prevail and be controlling.
Sample 1

Examples of Key Position Retirement Date in a sentence

  • Executive shall be entitled to continuation of health care benefits for a period of up to 48 months after the Key Position Retirement Date, as provided in the remainder of this paragraph.

  • Any such stock options shall remain exercisable until the earlier of (a) five years after the Key Position Retirement Date or (b) the expiration date of such stock option.

  • As of the Key Position Retirement Date, but subject to the Executive’s (or his estate’s) execution and non-revocation of a Release within twenty (20) days following the Key Position Retirement Date, there shall be an immediate vesting of Executive’s outstanding restricted stock or stock unit awards (but excluding performance-based awards which are described below).

  • As of the Key Position Retirement Date, but subject to the Executive’s (or his estate’s) execution and non-revocation of a Release within twenty (20) days following the Key Position Retirement Date, there shall be an immediate lapse of all remaining service-based restrictions on Executive’s then unvested but outstanding stock option awards.

  • Any performance-based incentive awards held by Executive as of the Key Position Retirement Date shall continue in effect until the normal payment date for such awards, at which time such awards will be paid out based on actual performance through the end of the applicable performance period as if Executive had remained employed during the entire performance period.

  • In consideration for and contingent upon Executive’s compliance with the Restrictive Covenants and the Stock Retention Requirements throughout the first year following the Key Position Retirement Date, the Company shall pay to Executive the sum of Five Hundred Thousand Dollars ($500,000.00), payable in a lump sum within thirty (30) days following the first anniversary of the Key Position Retirement Date.

  • The appointment is made by the Collector, the emoluments are granted or continued by the State, the Collector has disciplinary powers over the Village Munsif including the power to remove, suspend or dismiss him, the qualifications for appointment can be laid down by the Board of Revenue-all these show that the office is not a private office under a private employer but is an office under the State.

  • In consideration for and contingent upon Executive’s compliance with the Restrictive Covenants and the Stock Retention Requirements throughout the entire first four years following the Key Position Retirement Date, the Company shall pay to Executive an additional sum of Five Hundred Thousand Dollars ($500,000.00), payable in a lump sum within thirty (30) days following the fourth anniversary of the Key Position Retirement Date.

  • During the test mode, the algorithm does not preclude measurement of tear film as it does during normal operation.

  • In consideration for and contingent upon Executive’s compliance with the Restrictive Covenants and the Stock Retention Requirements throughout the entire first three years following the Key Position Retirement Date, the Company shall pay to Executive an additional sum of Five Hundred Thousand Dollars ($500,000.00), payable in a lump sum within thirty (30) days following the third anniversary of the Key Position Retirement Date.

Related to Key Position Retirement Date

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

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

  • Deferred Retirement Date means, in the case of any Participant who continues in employment after his Normal Retirement Date, the first day of any month following his actual retirement.

  • 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.

  • Postponed Retirement Date means the first day of the month coincident with or next following a Participant’s date of actual retirement which occurs after his Normal Retirement Date.

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

  • Disability retirement for plan 1 members, means the period

  • 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).

  • Approved Retirement means any voluntary termination of employment that occurs on or after the date on which the sum of your age and years of employment with Deluxe and/or its Affiliates equals at least seventy-five (75) and that is approved by the Compensation Committee of the Board.

  • 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.

  • 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.

  • Severance from Service Date means the earlier of:

  • Late Retirement Date means the first day of the month coinciding with or next following a Participant's actual Retirement Date after having reached his Normal Retirement Date.

  • Non-Key Employee means any Employee who is not a Key Employee.

  • Qualified Retirement means the Participant’s voluntary termination of Service after reaching age 65 and completing 10 years of service with the Company, its Subsidiaries or predecessors.

  • Individual retirement account means a trust, custodial arrangement, or annuity under Section 408(a) or (b), Internal Revenue Code of 1954 (26 U.S.C. Section 408 (1986)).

  • Pre-Retirement Survivor Benefit means the benefit set forth in Article 6.

  • Benefit Commencement Date means, for any Participant or beneficiary, the date as of which the first benefit payment, including a single sum, from the Participant’s Account is due, other than pursuant to a withdrawal under Article VIII.

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

  • Special Retirement means an Optionee’s termination of employment or service with the Employers and Affiliates on or after the later of (i) the Optionee’s attainment of age 62 and (ii) the Optionee’s Early Retirement Date or Normal Retirement Date, as such terms are defined in the Telephone and Data Systems, Inc. Pension Plan.

  • Service Termination Date means the last Day in a month upon which Service shall terminate, as set forth in a Schedule of Service and subject to any renewal thereof.

  • Anticipated Termination Date Any Distribution Date on which it is anticipated that the Trust Fund will be terminated pursuant to Section 9.01(c) of this Agreement.

  • Continuing care retirement community means a residential

  • Designated Retirement Account means any retirement plan or account described or qualified under the Internal Revenue Code of 1986, as amended, or a subaccount thereof.

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

  • Qualified employment position means a permanent full-time