Normal Retirement definition

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

Normal Retirement means retirement from active employment with the Company or any Subsidiary on or after such age which may be designated by the Committee as “retirement age” for any particular Holder. If no age is designated, it shall be 65.

Normal Retirement means retirement from active employment with the Company and any Subsidiary or Parent Corporation of the Company on or after age 65.

Examples of Normal Retirement in a sentence

• The annual benefit will be paid for fifteen (15) years in equal monthly installments commencing the month following Normal Retirement Age.

• Notwithstanding the foregoing, if the Executive’s death occurs after Normal Retirement Age, the Bank shall increase this annual benefit by .3274% per month for each full month between Normal Retirement Age and the Executive’s death, up to a maximum of sixty (60) months.

• Notwithstanding the foregoing, if Separation from Service occurs after Normal Retirement Age, the Bank shall increase this annual benefit by .3274% per month for each full month between Normal Retirement Age and Separation from Service, up to a maximum of sixty (60) months.

• In the event the Executive suffers a Disability prior to Normal Retirement Age the Employer shall pay the Executive the annual benefit shown on Schedule A for the Plan Year ending immediately prior to Disability in lieu of any other benefit hereunder.

• In the event the Executive dies prior to Separation from Service, Disability and Normal Retirement Age, the Employer shall pay the Beneficiary the annual benefit shown on Schedule A for the Plan Year ending immediately prior to the Executive’s death in lieu of any other benefit hereunder.

More Definitions of Normal Retirement

Normal Retirement means retirement from active employment with the Company and its Subsidiaries in accordance with the retirement policies of the Company and its Subsidiaries then in effect.

Normal Retirement means a Grantee’s termination of employment that is treated by the Participating Company as a retirement under its employment policies and practices as in effect from time to time.

Normal Retirement means retirement on or after the Participant’s Normal Retirement Date.

Normal Retirement means retirement from active employment with the Company, a Subsidiary or Affiliate at or after age 65.

Normal Retirement means retirement on or after age 65;

Normal Retirement means retirement from active employment with the Corporation and any Subsidiary or Affiliate on or after age 65.

Normal Retirement means retirement in good standing from active employment with the Company and its Affiliates in accordance with the retirement policies of the Company and its Affiliates then in effect.