Common use of Retirement Date Clause in Contracts

Retirement Date. The term "Retirement Date," as used herein, shall be defined for purposes of this Agreement as the last day of the calendar month in which Employee attains the age of sixty-five (65) or as such date prior or subsequent thereto as shall be agreed upon between Employer and Employee. Employer and Employee hereby acknowledge that compulsory retirement is not enforceable except as provided by law. Employer and Employee further agree that no provision herein shall be construed as requiring Employee's retirement except as may now or hereafter be permitted by law; however, Employee acknowledges Employer's continuing policy, in an effort to provide opportunities and continuity, to encourage retirement at age sixty-five (65) and to require retirement at age sixty-five (65) where permissible by law.

Appears in 6 contracts

Samples: Employee Death Benefit (First Citizens Bancorporation of South Carolina Inc), Employee Death Benefit (First Citizens Bancorporation of South Carolina Inc), Employee Death Benefit (First Citizens Bancorporation of South Carolina Inc)

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Retirement Date. The term "Retirement Date," ”, as used herein, shall be defined for purposes of this Agreement Agreement, as the last day of the calendar month in which Employee attains the age of sixty-five (65) or as such date prior or subsequent thereto as shall be agreed upon between Employer and Employee. Employer and Employee hereby acknowledge that compulsory retirement before attaining age seventy (70) is not enforceable except as provided by law. Employer and Employee further agree that no provision herein shall be construed as requiring Employee's ’s retirement before attaining age seventy (70) except as may now or hereafter be permitted by law; however, Employee acknowledges Employer's ’s continuing policy, in an effort to provide opportunities and continuity, to encourage retirement at age sixty-five (65) and to require retirement at age sixty-five (65) where permissible by law.

Appears in 2 contracts

Samples: Employee Death Benefit And (First Citizens Bancshares Inc /De/), Employee Death Benefit And (First Citizens Bancshares Inc /De/)

Retirement Date. The term "Retirement Date," as used herein, shall be defined for purposes of this Agreement as the last day of the calendar month in which Employee attains the age of sixty-five (65) or as such date prior or subsequent thereto as shall be agreed upon between Employer and Employee. Employer and Employee hereby acknowledge that compulsory retirement before attaining age seventy (70) is not enforceable except as provided by law. Employer and Employee further agree that no provision herein shall be construed as requiring Employee's retirement before attaining age seventy (70) except as may now or hereafter be permitted by law; however, Employee acknowledges Employer's continuing policy, in an effort to provide opportunities and continuity, to encourage retirement at age sixty-five (65) and to require retirement at age sixty-five (65) where permissible by law. 2.

Appears in 2 contracts

Samples: Employee Death Benefit And (Fidbank Capital Trust I), Employee Death Benefit And (Fidbank Capital Trust I)

Retirement Date. The term "Retirement Date," as used herein, shall be defined for purposes of this Agreement as the last day of the calendar month in which Employee attains the age of sixty-five (65) ), or as such other date of termination of employment prior or subsequent thereto as shall be agreed upon between Employer and Employee. Employer and Employee hereby acknowledge that compulsory retirement is not enforceable except as provided by law. Employer and Employee further agree that no provision herein shall be construed as requiring Employee's ’s retirement except as may now or hereafter be permitted by law; however, Employee acknowledges Employer's ’s continuing policy, in an effort to provide opportunities and continuity, to encourage retirement at age sixty-five (65) and to require retirement at age sixty-five (65) where permissible by law.

Appears in 1 contract

Samples: Employee Death Benefit And (First Citizens Bancorporation Inc)

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Retirement Date. The term "Retirement Date," as used herein, shall be defined for purposes of this Agreement as the last day of the calendar month in which Employee attains the age of sixty-five (65) or as such date prior or subsequent thereto as shall be agreed upon between Employer and Employee. Employer and Employee hereby acknowledge that compulsory retirement is not enforceable except as provided by law. Employer and Employee further agree that no provision herein shall be construed as requiring Employee's ’s retirement except as may now or hereafter be permitted by law; however, Employee acknowledges Employer's ’s continuing policy, in an effort to provide opportunities and continuity, to encourage retirement at age sixty-five (65) and to require retirement at age sixty-five (65) where permissible by law.

Appears in 1 contract

Samples: Employee Death Benefit And (First Citizens Bancorporation of South Carolina Inc)

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