Retirement Effective Date definition
Examples of Retirement Effective Date in a sentence
On or after the Termination Date, Employee agrees to execute and not revoke an additional general release and waiver covering the period between the Retirement Effective Date and the Termination Date in a form acceptable to Company and substantially similar to Exhibit A, without which Employee understands and agrees that Company will not pay the final payment provided for in Paragraph 2(a).
The Executive may terminate his employment by reasons of "Retirement" at the end of the fiscal year of the Corporation in which the Executive attains the age of 65 or such later date as the Board shall set with the consent of the Executive (the "Retirement Effective Date").
Such election and the termination of the Executive's employment shall become effective on the first day of the second calendar month commencing after delivery of such notice (the "Early Retirement Effective Date").
In such event, Executive shall be deemed to have retired as of the last day of such quarter (the "Deemed Retirement Effective Date").
The Executive understands and agrees that the Executive’s employment with the Company will terminate on January 3, 2025 (the “Retirement Effective Date”), provided that either the Executive or the Company may terminate the Executive’s employment for any reason prior to the Retirement Effective Date.
After the Retirement Effective Date (or any earlier termination date), the Executive will not represent to others that he is an employee, officer, agent, or representative of the Company or any of its affiliates for any purpose.
The Executive may terminate his employment by reason of "Retirement" at the end of the fiscal year of the Corporation in which the Executive attains the age of 65 or such later date as the Board shall set with the written consent of the Executive (the "Retirement Effective Date").
From and after the Retirement Effective Date and continuing through the term of this Agreement, Employee shall perform such tasks and duties only as may be assigned to him on special projects as designated by the Chief Executive Officer (“CEO”).
Subject to Section 2.11, if the Executive remains employed in good standing with the Company through the Retirement Effective Date, the Executive will remain eligible for an annual bonus with respect to the Company’s 2024 fiscal year.
Employee acknowledges and agrees that, as of the Retirement Effective Date, he will no longer have access to any and all Company property, systems (including but limited to email), documents or other materials of any kind.