Mandatory Retirement Age definition

Mandatory Retirement Age means the age for mandatory retirement according to the policy of the Board, if any, in place from time to time.

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Mandatory Retirement Age means, solely for purposes of this Plan, age seventy-five (75).

Mandatory Retirement Age means, solely for purposes of this Plan, age 75.

Examples of Mandatory Retirement Age in a sentence

Accrued Leave time will not accumulate during unpaid leave of more than one month.
The Executive will not be subject to a pro rated reduction because he is more than 36 months from his Mandatory Retirement Age.
The preceding provision shall not apply if you were terminated on or after reaching Mandatory Retirement Age, or if you would have reached Mandatory Retirement Age during your ensuing term if you were to be reelected.
Notwithstanding the provisions set forth above, an employee who reaches the Mandatory Retirement Age as set forth in the Retirement Plan for Employees of the Town of Wilton Part IV (such that his employment with the Town necessarily terminates prior to the first (1st) pay in June or the first (1st) pay in December) will receive a pro-rated portion of the holiday pay to which he would have been entitled had he not retired.

More Definitions of Mandatory Retirement Age

Mandatory Retirement Age means age 65 for those Participants who meet the requirements of section 12(c)(1) of the Age Discrimination in Employment Act of 1967, as amended ("ADEA"); or as permitted under the ADEA, for those Participants for whom age is a bona fide occupational qualification within the meaning of section 4(f)(1) of the ADEA. There shall be no Mandatory Retirement Age for other Participants, if any.

Mandatory Retirement Age means, at the time an Award is granted, the age specified by the Company for retirement of members of the Board. An Eligible Director who has held an Award for at least six (6) months and continues service on the Board after reaching Mandatory Retirement Age will become fully vested in such Award upon reaching Mandatory Retirement Age, except as otherwise determined by the Committee and set forth in the Restricted Stock Agreement or Stock Unit Agreement.

Mandatory Retirement Age means the age at which the Employer may legally require an Employee to retire. An Employee who has served for a minimum of two (2) years at a high level executive or high policy-making position and who is entitled to a nonforfeitable immediate annual Employer-provided retirement benefit, from any source, which is at least equal to a benefit, computed as a life annuity, of $44,000 per year (or such other as may be provided by future legislation) attains Mandatory Retirement Age at age sixty-five (65), unless otherwise provided by law.

Mandatory Retirement Age means an age stipulated in the employment contract of an individual employed by any organisation or body specified by the Minister for Health,

Mandatory Retirement Age means, for purpose of this Plan only, with respect to an individual Participant, the date on which the Participant attains the age of seventy (70); provided, however, that if such Participant was initially elected or appointed to the Board on or after the date on which the Participant attained the age of sixty-five (65), then the term “Mandatory Retirement Age”, with respect to such Participant, shall be the date on which such Participant attains the age of seventy-two (72); provided, further, that with respect to elective Deferrals made on or after December 5, 2023, the term “Mandatory Retirement Age” shall mean the date of the Company’s annual meeting of shareholders immediately following the date upon which the Participant attains the age of seventy-five (75).

Mandatory Retirement Age means the retirement age for Non-Employee Directors established from time to time by the Board.

Mandatory Retirement Age means the mandatory retirement age for Outside Directors established by the By-Laws of ARCO Chemical Company.