Normal Termination definition

Normal Termination means termination of employment or service with the Company and Affiliates: (i) by the Optionee; (ii) upon retirement; (iii) on account of death or Disability; or (iv) by the Company, a Subsidiary or Affiliate without Cause.

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Normal Termination means termination:

Normal Termination means a termination of employment (i) at normal retirement time, (ii) for permanent and total disability, or (iii) with Company approval, and without being terminated for cause.

Examples of Normal Termination in a sentence

• Except where prohibited by applicable law, the Normal Termination Date of any Option that may not be exercised pursuant to this Section 4(b) shall be extended for a period of time equal to any period of time such Option may not exercised pursuant to this Section 4(b), such extension not to exceed ten years in the aggregate.

• If on the first date of the applicable period set forth in Section 3(b)(ii)(A) the Option is not exercisable solely due to any of the restrictions set forth in Section 4(b)(A), (B) or (C), the Option will not expire until the earlier of the Normal Termination Date or 90 days following the first date on which exercise of the Option ceases to be barred by any such restriction.

• Unless an earlier termination date is specified in Section 3(b), the Options shall terminate on the tenth anniversary of the date hereof (the "Normal Termination Date").

• If the Director terminates service as a director for Disability prior to the Normal Termination Date, the Bank shall pay to the Director the benefit described in this Section 4.2.

• If on the first date of the periods set forth in Section 3(b)(i) through Section 3(b)(iii) the Options are not exercisable solely due to any of the restrictions set forth in Section 4(b)(A), (B) or (C), the Options will not expire until the earlier of the Normal Termination Date or the number of days in in which exercise of the Options would otherwise have been permitted immediately following the first date on which exercise of the Option ceases to be barred by any such restriction.

More Definitions of Normal Termination

Normal Termination means, with respect to any Pre-2005 Deferred Account, the Participant’s termination of Employee status on or after (i) the attainment of age fifty-five (55) and the completion of at least five (5) Years of Service or (ii) the completion of at least fifteen (15) Years of Service and means, with respect to any other Account or Subaccount, the Participant’s Separation from Service on or after the attainment of age fifty-five (55) and the completion of at least five (5) Years of Service.

Normal Termination means terminate

Normal Termination means termination of employment or service with the Company and all Subsidiaries and Affiliates:

Normal Termination means termination of employment or service with the Company or a Subsidiary:

Normal Termination means termination at retirement pursuant to the Company or Subsidiary retirement plan then in effect.

Normal Termination means termination: (i) with respect to Prime Meridian or the Bank, at retirement (excluding early retirement) pursuant to the Company retirement plan then in effect; (ii) on account of Disability; (iii) a resignation by the Participant with the written approval of the Committee; or (iv) by Prime Meridian or the Bank without cause.

Normal Termination means termination of employment or service with the Company or a Subsidiary other than by reason of death or Disability.