Retiree Status definition

Retiree Status means, with respect to a Participant, the Participant's having a combined Age and Years of Service of 70 or greater after giving the Chief Executive Officer of the Company six months notice of retirement and signing a two-year non-competition agreement (except to the extent the Committee waives the requirement to give such notice or to sign such agreement).
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Retiree Status means, with respect to a Participant, the Participant's having a combined age (including all years, months and days of attained age) and Years of Service of 68 or greater after giving the Chief Executive Officer of the Company one year's notice of retirement and signing a two-year non-competition agreement.
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Retiree Status. The Plan status of a Participant who has satisfied the normal retirement or early retirement requirements of the Riviana Foods Inc. Retirement Plan.
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Examples of Retiree Status in a sentence

  • Definition: The Process Retiree Status Percentage shall mean the number of times Service Provider processes the retirees in the Covered Population’s benefit elections within three (3) business days of Service Provider’s receipt of a status change request divided by the total number of times Service Provider receives such status change request received during the month.

  • Upon the termination of the foregoing Retiree Status health coverage, the Company shall issue a COBRA health care continuation notice to Mr. Hall and his spouse, ▇▇▇ ▇▇▇y then shall have the right to elect COBRA health care continuation coverage, at their own cost, in accordance with the terms of the Health Plan and applicable federal law (i.e., COBRA).

  • For purposes of the following equity and incentive awards, and only for these purposes, ▇▇▇▇▇▇▇▇▇ will be deemed to have attained Qualified Retiree Status effective as of the Separation Date, thus converting her Separation Date to the date of her retirement (the “Retirement Date”) for these purposes and with respect to Deluxe’s applicable retirement policies.

  • Such Company Match Contributions shall also be made on behalf of each Participant who is otherwise eligible as described above but who ceased being an Employee during the period after having attained Retiree Status or by reason of his or her Disability or death.

  • This policy encourages such Faculty and Staff employees on Regular or Retiree Status to enroll in academic courses for the improvement of skills or for personal development purposes, with tuition costs associated with such courses remitted in whole or in part.

Related to Retiree Status

  • B-BBEE status level of contributor” means the B-BBEE status of an entity in terms of a code of good practice on black economic empowerment, issued in terms of section 9(1) of the Broad- Based Black Economic Empowerment Act;

  • Active status means (i) for employees, the absence of any interruption or termination of service as an employee, (ii) for Directors, that the Director has not been removed from the Board for cause (as determined by the Company’s shareholders), and (iii) for Consultants, the absence of any interruption, expiration, or termination of such person’s consulting or advisory relationship with the Company or any Subsidiary or the occurrence of any termination event as set forth in such person’s Award Agreement. Active Status shall not be considered interrupted (A) for an employee in the case of sick leave, maternity leave, infant care leave, medical emergency leave, military leave, or any other leave of absence properly taken in accordance with the policies of the Company or any applicable Subsidiary as may be in effect from time to time, and (B) for a Consultant, in the case of any temporary interruption in such person’s availability to provide services to the Company or any Subsidiary which has been granted in writing by an authorized officer of the Company. Whenever a mandatory severance period applies under applicable law with respect to a termination of service as an employee, Active Status shall be considered terminated upon such Employee’s receipt of notice of termination in whatever form prescribed by applicable law.

  • refugee status means the recognition by a Member State of a third-country national or a stateless person as a refugee;

  • Tax-Free Status means the qualification of a Distribution or any other transaction contemplated by the IRS Ruling or any Tax Opinion as a transaction in which gain or loss is not recognized, in whole or in part, and no amount is included in income, including by reason of Distribution Taxes, for U.S. federal, state, and local income tax purposes (other than intercompany items, excess loss accounts or other items required to be taken into account pursuant to Treasury Regulations promulgated under Section 1502 of the Code).

  • Inactive status means the status of those members of the national guard who are listed on an inactive list authorized by a federal statute or regulation.