Common use of Death, Retirement or Disability Clause in Contracts

Death, Retirement or Disability. Executive’s employment terminates automatically upon Executive’s death or Retirement during the Employment Period. For purposes of this Agreement, “Retirement” means normal retirement as defined in the Company’s retirement plan in effect when Executive retires, or if there is no retirement

Appears in 3 contracts

Samples: Employment Agreement (Scansource Inc), Employment Agreement (Scansource Inc), Employment Agreement (Scansource Inc)

AutoNDA by SimpleDocs

Death, Retirement or Disability. Executive’s 's employment terminates shall terminate automatically upon Executive’s 's death or Retirement during the Employment Period. For purposes of this Agreement, "Retirement” means " shall mean normal retirement as defined in the Company’s 's then-current retirement plan in effect when Executive retiresplan, or if there is no retirementsuch retirement plan, "Retirement" shall mean voluntary termination after age 65 with ten years of service. If the

Appears in 1 contract

Samples: Employment Agreement (Checkmate Electronics Inc)

Death, Retirement or Disability. Executive’s 's employment terminates shall terminate automatically upon Executive’s 's death or Retirement during the Employment Period. For purposes of this Agreement, "Retirement” means " shall mean normal retirement as defined in the Company’s retirement plan in effect when Executive retires, or if there is no retirement's then-current

Appears in 1 contract

Samples: Employment Agreement (Checkmate Electronics Inc)

Death, Retirement or Disability. Executive’s employment terminates shall terminate automatically upon Executive’s death or Retirement during the Employment Period. For purposes of this Agreement, “Retirement” means shall mean normal retirement as defined in the CompanyBank’s then-current retirement plan in effect when Executive retiresplan, or if there is no retirementsuch retirement plan, “Retirement” shall mean voluntary termination after age 65 with ten years of service. If the Bank determines in good faith that the Disability of Executive has occurred during the

Appears in 1 contract

Samples: Employment Agreement (Main Street Banks Inc /New/)

Death, Retirement or Disability. Executive’s employment terminates shall terminate automatically upon Executive’s death or Retirement during the Employment Period. For purposes of this Agreement, “Retirement” means shall mean normal retirement as defined in the Company’s then-current retirement plan in effect when Executive retiresplan, or if there is no retirementsuch retirement plan, “Retirement” shall

Appears in 1 contract

Samples: Employment Agreement (Scansource Inc)

Death, Retirement or Disability. Executive’s 's employment terminates shall terminate automatically upon Executive’s 's death or Retirement during the Employment Period. For purposes of this Agreement, "Retirement” means " shall mean normal retirement as defined in the Company’s 's then-current retirement plan in effect when Executive retiresplan, or if there is no retirementsuch retirement plan, "Retirement" shall mean voluntary termination after age 65 with ten years of service. If the Company determines in good faith that the Disability of Executive has occurred during the Employment Period (pursuant to the definition of Disability set forth below), it

Appears in 1 contract

Samples: Employment Agreement (PSS World Medical Inc)

Death, Retirement or Disability. The Executive’s employment terminates shall terminate automatically upon the Executive’s death or Retirement during the Employment Periodterm of this Agreement. For purposes of this Agreement, “Retirement” means a voluntary termination of employment that qualifies as normal or early retirement as defined in under the Company’s then-current retirement plan in effect when Executive retiresplan, or if there is no retirementsuch retirement plan,

Appears in 1 contract

Samples: Employment Agreement (Unumprovident Corp)

Death, Retirement or Disability. Executive’s employment terminates shall terminate automatically upon Executive’s death or Retirement during the Employment Period. For purposes of this Agreement, “Retirement” means shall mean normal retirement as defined in the Company’s retirement plan in effect when Executive retires, or if there is no retirementthe

Appears in 1 contract

Samples: Employment Agreement (Main Street Banks Inc /New/)

AutoNDA by SimpleDocs

Death, Retirement or Disability. Executive’s employment terminates automatically upon Executive’s death or Retirement during the Employment Period. For purposes of this Agreement, “Retirement” means normal retirement as defined in the Company’s retirement plan in effect when Executive retires, or if there is no retirementretirement plan, “Retirement” will mean the Executive’s voluntary termination of employment after age 55 with ten years of

Appears in 1 contract

Samples: Employment Agreement (Scansource Inc)

Death, Retirement or Disability. Executive’s employment terminates shall terminate automatically upon Executive’s death or Retirement during the Employment Period. For purposes of this Agreement, “Retirement” means shall mean normal retirement as defined in the Company’s then-current retirement plan in effect when Executive retiresplan, or if there is no retirementsuch retirement plan, “Retirement” shall mean voluntary termination after age 65 with ten years of service. If the Company determines

Appears in 1 contract

Samples: Employment Agreement (Scansource Inc)

Death, Retirement or Disability. Executive’s employment terminates shall terminate automatically upon Executive’s death or Retirement during the Employment Period. For purposes of this Agreement, “Retirement” means shall mean normal retirement as defined in the Company’s then-current retirement plan in effect when Executive retiresplan, or if there is no retirementsuch retirement plan, “Retirement” shall mean voluntary termination after age 65 with ten years of service. If the Company determines that the Disability of Executive has occurred during the Employment Period (pursuant to the

Appears in 1 contract

Samples: Employment Agreement (Scansource Inc)

Death, Retirement or Disability. (i) Executive’s employment terminates automatically hereunder shall terminate upon Executive’s death or Retirement during Retirement. Upon termination for death or Retirement, Executive shall receive Executive’s Base Salary and Pension Amount, at the Employment Period. For purposes of this Agreement, “Retirement” means normal retirement as defined in the Company’s retirement plan rate in effect when Executive retiresat the time of Executive’s death or Retirement, through the end of the month in which Executive’s death or if there is no retirementRetirement occurs.

Appears in 1 contract

Samples: Employment Agreement (Citizens Financial Group Inc/Ri)

Time is Money Join Law Insider Premium to draft better contracts faster.