Retirement or Voluntary Resignation Sample Clauses

Retirement or Voluntary Resignation. If you terminate employment with the Company and its Subsidiaries due to (i) Retirement, as defined hereinafter, or (ii) voluntary resignation with the consent of the Board of Directors of the Company or a Subsidiary, the Unexercised Option may be exercised until the expiration of three (3) months after the date your employment terminates. “Retirement” means a retirement from employment with the Company and its Subsidiaries either on or after the first day of the month coinciding with or next following your sixty-fifth (65th) birthday.
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Retirement or Voluntary Resignation. This Agreement shall terminate automatically on Retirement (as defined above) of Executive or due to the resignation or termination by Executive of his employment for any reason other than Good Reason (as hereinafter defined). The Company shall have no obligation to pay and Executive shall have no right to receive any compensation under this Agreement on or due to such Retirement or the Executive's resignation or termination of employment other than for Good Reason, even if such termination occurs within 12 months after the occurrence of a Change in Control.
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Retirement or Voluntary Resignation. This Agreement shall terminate automatically on Retirement (as hereinafter defined) of Executive or due to the resignation or termination by Executive of his employment for any reason other than Good Reason (as hereinafter defined). The Company shall have no obligation to pay and Executive shall have no right to receive any compensation under this Agreement on or due to such Retirement or the Executive's resignation or termination of employment other than for Good Reason, even such termination occurs subsequent to a Change of Control. The term "Retirement" as used in this Agreement shall mean termination by the Company or the Executive of the Executive's employment or of this Agreement based on the Executive's having reached age 65 or such other age as shall have been fixed in any arrangement established with the Executive's consent with respect to the Executive.
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Retirement or Voluntary Resignation. For support staff that notify the executive director of their intent to retire or resign at least thirty days before their last day: • With less than 5 years on SMEC contract, accumulated PTO will be forfeited. • With at least 5 years on SMEC contract, accumulated PTO will be paid out to as severance at the support staff’s daily rate of pay multiplied by 50% of the days that are accrued up to 100 days.
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Retirement or Voluntary Resignation. An employee, upon leaving City employment, will be paid for all vacation time earned and credited to his/her vacation account.
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Retirement or Voluntary Resignation. (i) Severance Pay. No payment to be made. (ii) Stock Options/SARs. Vesting and exercise rights according to Plan Documents. (iii) Restricted stock. Vesting and exercise rights according to Plan Documents. (iv) Short term bonus. Prorated payment. All terms and conditions of 2004 Incentive Plan (or its successor) apply, including banking and distribution; provided, however, if the Executive retires from Employment after having attained age 57 and has not been terminated for Cause, then previously withheld or "banked" bonuses shall be immediately paid to the Executive notwithstanding the terms of any applicable Plan Documents. (v)
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Retirement or Voluntary Resignation. If you cease being a Key Person with the Company and its Subsidiaries due to (i) Retirement, as defined hereinafter, or (ii) voluntary resignation with the consent of the Board of Directors of the Company or a Subsidiary, the Unexercised Option may be exercised until the expiration of three (3) months after the date you cease being a Key Person. “Retirement” means a retirement from employment with the Company and its Subsidiaries either on or after the first day of the month coinciding with or next following your sixty-fifth (65th) birthday.
Sample 1
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Retirement or Voluntary Resignation. (3)Failure to the Company within (5)days of the date of notification by registered of call-back after he intends to return to work within
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Related to Retirement or Voluntary Resignation

  • Voluntary Resignation (2) Discharge for just cause.

  • Termination for Cause, or Termination Upon Death, Disability or Resignation from the Company Without Good Reason If Executive’s employment shall terminate as a result of Executive’s death pursuant to Section 3(a)(i) or Disability pursuant to Section 3(a)(ii), pursuant to Section 3(a)(iii) for Cause, or pursuant to Section 3(a)(vi) for Executive’s resignation from the Company without Good Reason, then Executive shall not be entitled to any severance payments or benefits, except as provided in Section 3(c).

  • Voluntary Resignation; Termination for Cause If Executive’s employment with the Company terminates (i) voluntarily by Executive (other than for Good Reason) or (ii) for Cause by the Company, then Executive will not be entitled to receive severance or other benefits except for those (if any) as may then be established under the Company’s then existing severance and benefits plans and practices or pursuant to other written agreements with the Company.

  • Voluntary Resignation without Good Reason The Executive may voluntarily terminate employment without Good Reason upon 30 days’ prior written notice to the Company. In such event, after the effective date of such termination, no payments shall be due under this Agreement, except that the Executive shall be entitled to any Accrued Obligations.

  • Resignation and Retirement Any Trustee may resign his trust or retire as a Trustee, by written instrument signed by him and delivered to the other Trustees or to any officer of the Trust, and such resignation or retirement shall take effect upon such delivery or upon such later date as is specified in such instrument.

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