Retirement Date definition
Examples of Retirement Date in a sentence
Employee agrees to clear all expense accounts, repay everything he owes to the Company or any Released Party on or before the Retirement Date.
The Employee and the Company agree that the Employee will continue serving as the Company’s EVP and Chief Financial Officer until the earlier of (a) the start date of a new chief financial officer hired by the Company or (b) the Retirement Date.
On the Retirement Date, the Company agrees to issue Employee a check in an amount equal to the after-tax cost of five (5) months of COBRA premiums in effect as of the date of this Agreement for medical, dental, hospitalization, prescription and vision coverage.
Except as otherwise specified herein, Employee agrees he will cease to be eligible to participate under any stock option, bonus, incentive compensation, commission, medical, dental, life insurance, retirement, and other compensation or benefit plans of the Company or any affiliate following the Retirement Date.
If a new chief financial officer is hired by Company prior to the Retirement Date, Employee agrees to work together with the new chief financial officer to ensure an orderly transition of Employee’s duties to his successor, including closing out selected open action items as agreed upon between the Company and Employee.