Permitted Retirement definition

Permitted Retirement means, with respect to each Participant, the earlier of the date on which he takes Early Retirement or Retirement.
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Permitted Retirement means retirement at age 55 or over (or such other age as may be approved by the Board of Directors) after at least fifteen years of continuous employment with the Company or one of its Subsidiaries or Affiliates. For the purposes of the preceding sentence, employment with a Predecessor shall be deemed to be employment with the Company.
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Permitted Retirement means retirement at age 65 or over (or such other age as may be approved by the Board of Directors of the Company) after having been employed by the Company or one of its Subsidiaries or Affiliates for at least three years after the Vesting Reference Date.
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Examples of Permitted Retirement in a sentence

  • The event giving rise to the repurchase shall be the transfer, death, Permanent Disability, Permitted Retirement or termination of employment, or other event, as the case may be, not the giving of any notice required pursuant to Section 7 or 8.

  • Subject to Section 3.1 above, a Participant shall have a Vested interest with respect to his Benefit upon Permitted Retirement.

  • In a world of shifting ownership, the United States does not lose tax revenue when a U.S. company invests abroad, since its domestic investment is replaced by new inbound 11For a discussion of this theory, see Musgrave (1969) and Feldstein and Hartman (1979).

  • The Committee may for good cause, review a retirement other than a Permitted Retirement before it is taken and determine whether or not the Participant shall be entitled to continue to participate in the Plan and, if so, the terms of said Participation.

  • ITEM: CLC-2 University of Central Florida BOARD OF TRUSTEESCompensation and Labor Committee SUBJECT: Performance Unit Plan, Section 9; Leaves of Absence and Other Permitted Retirement DATE: September 9, 2013 PROPOSED COMMITTEE ACTION Approval of President Hitt’s recommendation for continued participation in the Performance Unit Plan by Vice President Helen Donegan from September 30, 2013, to April 1, 2014.

  • To address this, the management of the commercial estate will continue to focus on the existing commercial assets, ensuring that void units are marketed at the earliest opportunity.

  • Bankruptcy, Resignation, and Retirement, other than Permitted Retirement, of a Member shall be regarded as a breach and default of this Agreement.

  • Except as otherwise provided in this Section 8(b), if a Participant's Termination Date occurs prior the Participant's Permitted Retirement Date for any reason other than the Participant's death, then the Participant shall be paid, within thirty (30) days after the Participant's Termination Date, an amount equal to the credit balance of the Participant's Retirement Account.

  • Thus, a hypothesis could be that animal glue is present on the flax fibres of yarn TS2, which was also confirmed by FTIR.

  • Except as otherwise provided in this Section 8(b), if a Participant’s Termination Date occurs prior the Participant’s Permitted Retirement Date for any reason other than the Participant’s death, then the Participant shall be paid, within thirty (30) days after the Participant’s Termination Date, an amount equal to the credit balance of the Participant’s Retirement Account.


More Definitions of Permitted Retirement

Permitted Retirement means termination of employment with the Company (and its Subsidiaries) at age 65 or over (or such other age as may be approved by the Board of Directors of the Company) after having been employed by the Company or one of its Subsidiaries for at least three years after the Purchase Date, and other than by reason of termination for Cause, death, or Permanent Disability.
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Permitted Retirement means in the case of a Participant who at the time is age 62 years or more and has six or more years of continuous service and employment with the University, retires from employment with the University, and the purpose of such retirement is to effect actual, good faith retirement, without any intent or purpose to thereafter become employed at some future date with the University or to seek employment with any other university, college, or other institution of higher learning, and who does not at a future date become re-employed by the University or any other university, college or other institution of higher learning.
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Permitted Retirement means your Termination of service at (i) age 55 or over after having served the Company for at least ten years, or (ii) after your 65th birthday and other than by reason of termination for Cause, death or Disability. · Any unvested Restricted Stock Units will vest upon a Change of Control. In the event of the termination of your employment or service for any reason, whether such termination is occasioned by you, by the Company or any of its Subsidiaries, with or without cause or by mutual agreement (“Termination of Service”), your right to receive and/or vest in any additional Restricted Stock Units under the Plan, if any, will terminate and any unvested Restricted Stock Units will be forfeited effective as of the earlier of: (i) the date that you give or are provided with written notice of Termination of Service, or (ii) if you are an employee of the Company or any of its Subsidiaries, the date that you are no longer actively employed and physically present on the premises of the Company or any of its Subsidiaries, regardless of any notice period or period of pay in lieu of such notice required under any applicable statute or the common law. In accordance with the Plan, as of the “Maturity Date” for a particular Restricted Stock Unit, the Company shall transfer to you one unrestricted, fully transferable share of Stock in exchange for that Restricted Stock Unit, subject to the deferral provisions described below. The “Maturity Date” for a particular Restricted Stock Unit shall be the date on which such Restricted Stock Unit vests. The Restricted Stock Units or any interest or right therein or part thereof shall not be subject to disposition by transfer, alienation, anticipation, pledge, hypothecation, encumbrance, assignment or any other means, whether such disposition be voluntary or involuntary or by operation of law by judgment, levy, attachment, garnishment or any other legal or equitable proceedings (including bankruptcy), and any attempted disposition thereof shall be null and void and of no effect; provided the Restricted Stock Units may be transferable by will or the laws of descent and distribution. The Stock subject to the Restricted Stock Units will be delivered upon vesting in settlement of the Restricted Stock Units. Until Stock is issued in settlement of the Restricted Stock Units, you will not be deemed for any purpose to be, or have rights as, a Company shareholder or receive Dividend Equivalents with respect to shares of Stock by virtue o...
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Permitted Retirement means, with respect to each Participant, the earlier of the date
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Permitted Retirement means your Termination of Service at (i) age 55 or over after having served the Company for at least ten years, or (ii) after age 65 and other than by reason of termination for Cause, death, or Permanent Disability. “Cause” means termination of your employment by reason of (i) your willful and continued failure to perform your duties with respect to the Company or its Subsidiaries which continues beyond ten days after a written demand for substantial performance is delivered to you by the Company, or (ii) your conduct involving (x) dishonesty or breach of trust in connection with your employment, or (y) conduct which would be reasonable basis for your indictment for a felony or for a misdemeanor involving moral turpitude. The option will be deemed exercised upon your completing the exercise procedures established by the Company and your payment of the option exercise price per share and any applicable tax withholding to the Company. Payment may be made in cash or such other method as the Company may permit from time to time as set forth in the Plan. The Company has the authority to deduct or withhold, or require you to remit to the Company, an amount sufficient to satisfy applicable federal, state, local and foreign taxes arising from this option. You may satisfy your tax obligation, in whole or in part, by either: (i) electing to have the Company withhold shares otherwise to be delivered with a fair market value equal to the minimum amount of the tax withholding obligation; or (ii) surrendering to the Company previously owned Common Stock with a fair market value equal to the minimum amount of the tax withholding obligation. This option is not transferable except by will or the laws of descent and distribution. This option is granted under and governed by the terms and conditions of the Plan. You acknowledge and agree that the Plan is discretionary in nature and may be amended, cancelled, or terminated by the Company, in its sole discretion, at any time. The grant of an option under the Plan is a one-time benefit and does not create any contractual or other right to receive a grant of options or benefits in lieu of options in the future. Future grants of options, if any, will be at the sole discretion of the Company, including, but not limited to, the timing of the grant, the number of stock options, vesting provisions, and the exercise price. The Plan has been introduced voluntarily by the Company and in accordance with the provisions of the Plan may be ...
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Permitted Retirement means your Termination of Service at (i) age 55 or over after having served the Company for at least ten years, or (ii) after your 65th birthday and other than by reason of termination for Cause, death, or Disability. · Any unvested Stock Appreciation Rights will vest upon a Change of Control. In the event of the termination of your employment or service for any reason, whether such termination is occasioned by you, by the Company or any of its Subsidiaries, with or without “Cause” (as defined below) or by mutual agreement (“Termination of Service”), all unvested Stock Appreciation Rights will be forfeited effective as of the earlier of: (i) the date that you give or are provided with written notice of Termination of Service, or (ii) if you are an employee of the Company or any of its Subsidiaries, the date that you are no longer actively employed and physically present on the premises of the Company or any of its Subsidiaries, regardless of any notice period or period of pay in lieu of such notice required under any applicable statute or the common law. Once vested, Stock Appreciation Rights may be exercised in whole or any part, at any time; provided, however, vested Stock Appreciation Rights must be exercised, if at all, prior to the earlier of:
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Related to Permitted Retirement

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • Mandatory Retirement means termination of employment pursuant to the Company’s mandatory retirement policy.

  • Disability retirement for plan 1 members, means the period

  • 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.

  • 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.

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

  • Continuing care retirement community means a residential

  • Severance from Service Date means the earlier of:

  • Qualifying Termination means a termination of the Executive’s employment either (i) by a Company Group member without Cause (excluding by reason of Executive’s death or Disability) or (ii) by the Executive for Good Reason, in either case, during the Change in Control Period (a “Qualifying CIC Termination”) or outside of the Change in Control Period (a “Qualifying Non-CIC Termination”).

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

  • Eligible Retirement Plan means an individual retirement account described in Section 408(a) of the Code, an individual retirement annuity described in Section 408(b) of the Code, an annuity plan described in Section 403(a) of the Code, or a qualified trust described in Section 401(a) of the Code, that accepts the Distributee's Eligible Rollover Distribution. However, in the case of an Eligible Rollover Distribution to the surviving Spouse, an Eligible Retirement Plan is an individual retirement account or individual retirement annuity.

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

  • 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.

  • Public employees retirement system means the retirement plan and program

  • Termination After Change in Control means either of the following events occurring within twelve (12) months after a Change in Control:

  • 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)).

  • CIC Qualifying Termination means a Separation (A) within twelve (12) months following a Change in Control or (B) within three (3) months preceding a Change in Control (but as to part (B), only if the Separation occurs after a Potential Change in Control) resulting, in either case (A) or (B), from (i) the Company terminating the Executive’s employment for any reason other than Cause or (ii) the Executive resigning his or her employment for Good Reason. A termination or resignation due to the Executive’s death or disability shall not constitute a CIC Qualifying Termination. A “Potential Change in Control” means the date of execution of a legally binding and definitive agreement for a corporate transaction which, if consummated, would constitute the applicable Change in Control (which for the avoidance of doubt, would include, for example, a merger agreement, but not a term sheet for a merger agreement). In the case of a termination following a Potential Change in Control and before a Change in Control, solely for purposes of benefits under this Agreement, the date of Separation will be deemed the date the Change in Control is consummated.

  • Eligible Retiree means a retired employee of the GROUP who is receiving retirement benefits from GROUP and is entitled to Medicare part A and enrolled in Medicare part B. If this Agreement includes Group Plan 65, an Eligible Retiree who selects Group Plan 65 shall be eligible as an individual. Such Eligible Retiree shall not be deemed to have any dependents who can select Group Plan 65.

  • 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).

  • Separates from Service or “Separation from Service” means the Participant’s termination of service as a non‑employee director and as an employee of UGI for any reason other than death and shall be determined in accordance with section 409A of the Code.

  • Qualified Termination has the meaning set forth in Section 4(b).

  • Termination of Service means: