Definition of Retirement. For purposes of this Agreement, the term “Retirement” shall mean termination of employment or service as an Employee after (1) twenty (20) or more years of “vesting service,” which solely for purposes of this Agreement, shall be calculated under Article III of The Clorox Company 401(k) Plan (the “401(k) Plan”) entitled “Service” along with any other relevant provisions of the 401(k) Plan necessary or desirable to give full effect thereto, or any successor provisions, regardless of the status of the Grantee with respect to the 401(k) Plan (“Vesting Service”), or (2) attaining age fifty-five with ten (10) or more years of Vesting Service.
Definition of Retirement. For purposes of this Award Agreement, “retirement” means a voluntary termination after reaching either (a) age 65 or (b) age 60 with 10 years of service to the PartnerRe Group.
Definition of Retirement. For purposes of this Agreement, the Grantee’s employment or service shall be deemed to have terminated due to “Retirement” if the Grantee terminates employment or service as an Employee for any reason, including Disability (but other than for Cause) after (1) twenty (20) or more years of “vesting service,” which solely for purposes of this Agreement, shall be calculated under Article III of The Clorox Company 401(k) Plan (the “401(k) Plan”) entitled “Service” along with any other relevant provisions of the 401(k) Plan necessary or desirable to give full effect thereto, or any successor provisions, regardless of the status of the Grantee with respect to the 401(k) Plan (“Vesting Service”), or (2) attaining age fifty-five (55) with ten (10) or more years of Vesting Service.
Definition of Retirement. “Retirement” as used in this policy shall mean severance of active employment with the school district. For those teachers who take Early Retirement as of June 30, 2017, the amounts are: Annual Monthly 348.22 522.33 XXXXXXXX SCHOOL DISTRICT NO. 17-2 INITIAL SALARY DETERMINATION 715.61 The initial salary determination of a teacher shall be a matter between that teacher and the District. The District may place the teacher at any experience level that is acceptable to the teacher. However, placement beyond actual years of experience shall only be permitted for initial employment by the District. In lieu of placement beyond actual years of experience, a one year signing bonus may be offered to enhance placement if deemed necessary. Teachers may not be placed beyond their actual educational background. Educational background is in reference to the degrees and hours beyond such degrees of the respective teacher. A year of experience shall be gained only when the teacher has worked at least 125 days of the regular school year. Negotiated leave shall not count against the teacher in gaining a year of experience. Advancement may be held for a teacher as a disciplinary action or as part of the evaluation process upon a vote of the Board. A part-time teacher shall advance at the same rate as a full-time teacher. PROFESSIONAL ADVANCEMENT 715.6 All teachers, counselors, and librarians (K-12) shall be required to successfully complete additional college courses, or obtain Professional Development Credit for BA and MA Degrees as prescribed by the State. The starting date for this requirement shall be either the date of employment or the date upon which the degree is initially recognized for salary purposes, whichever is later. Teachers may apply for a lane change prior to the start of any year based upon the total semester hours, or equivalent quarter hours obtained and the provisions of this policy. Teachers may be credited for no more than one lane change per year. The teacher’s professional advancement will be granted when the official transcript, or other written authorized verification, for successful completion of the required credits within the above guidelines is presented to the Superintendent prior to September 1st. However, the Superintendent must be notified, by June 1 that a lane change is intended. All courses to be applied to a lane change must be graduate credit and shall be in the teacher’s field of teaching, principles of learning, principles of teachin...
Definition of Retirement. For purposes of this Restricted Stock Agreement, “Retirement” shall mean termination of the Recipient’s employment if the Recipient has been employed by the Company or a Subsidiary on a continuous basis for a period of at least ten years, the Recipient has attained the age of 55 years, and the Recipient has provided the Company with a minimum of one year advance written notice of Recipient’s intention to retire.
Definition of Retirement. “Retirement” as used in this policy shall mean severance of active employment with the Harrisburg School District.
Definition of Retirement. “Retirement” means voluntary resignation of employment by a Participant, who is also an employee of the Company or an Affiliate (as defined in the Plan),after (i) the later of attaining age sixty-five (65) or the fifth anniversary of the Participant’s date of hire, or (ii) attaining age fifty-five (55) with at least five (5) Years of Vesting Service; provided, however, that if a Participant is a participant under the Company’s Pension Plan or Retirement Contribution Plan, “Retirement” shall mean satisfying the requirements for “retirement” or “early retirement” as defined in the applicable plan. For purposes of the definition of “Retirement,” “Years of Vesting Service” shall be determined in the same manner as years of vesting service are determined pursuant to the Company’s Pension Plan or Retirement Contribution Plan, whichever is applicable to the Participant; however, if such plan is subsequently terminated, the “Committee” (as defined in the Plan) shall determine the meaning of such term in its sole discretion.
Definition of Retirement. For purposes of this Agreement, “Retirement” means a voluntary termination of the Grantee’s employment for any reason more than 179 days after the Grant Date; provided, that as of the date of such termination, the Grantee: (i) has at least ten years of service as an employee of the Company or a Subsidiary; (ii) has attained the age of 60; and (iii) has not, as of the Payment Date, obtained substantial employment or service as a consultant to any person or entity (other than with the Company or its Subsidiaries) engaged in the business of the Company or its Subsidiaries.
Definition of Retirement. “Retirement” means voluntary resignation of employment by a Participant, who is also an employee of the Company or an Affiliate (as defined in the Plan), after (i) attaining age sixty-five (65), or (ii) attaining age fifty-five (55) with at least five (5) years of service.
Definition of Retirement. Your Retirement means your termination of employment if you are entitled to receive payment of pension benefits in accordance with the Company’s defined benefit pension plan immediately after your Termination Date.
