Mandatory Retirement Age definition

Mandatory Retirement Age means, solely for purposes of this Plan, age seventy-five (75).

Mandatory Retirement Age means the age for mandatory retirement according to the policy of the Board, if any, in place from time to time.

Mandatory Retirement Age means age sixty-five (65) in the case of an Executive who has served for a minimum of two (2) years at a high level executive or high policy-making position and who is entitled to a non-forfeitable, immediate, annual employer-provided retirement benefit from any source, which is at least equal to a benefit, computed as a life annuity, of at least $44,000 per year (or such other amount as may be provided by future legislation). In the case of all other Executives, there shall be no Mandatory Retirement Age.

Examples of Mandatory Retirement Age in a sentence

• A trustee may elect to continue to serve as a trustee beyond the Eligible Retirement Age to a Mandatory Retirement Age of December 31st in the year such trustee reaches the age of 72; provided, however, that the Mandatory Retirement Age shall be the later of the Mandatory Retirement Age as set forth herein or as set forth in the by-laws of the Fund as may be amended from time to time.

• In no event shall the term of the Executive's employment hereunder extend beyond the end of the month in which the Executive's 65th birthday occurs (the "Mandatory Retirement Age").

• In addition to payments provided for by Sections 3.1 and 3.2, the Company shall pay or provide to an Executive the benefits described in Sections 3.3.1 through 3.3.4 below in accordance with such Sections upon termination of his or her employment with the Company during the Coverage Period, unless such termination is (a) by the Company for Cause, (b) by reason of his or her death or Disability or after his or her Mandatory Retirement Age, if applicable, or (c) by him or her without Good Reason.

• A trustee may elect to continue to serve as a trustee beyond the Eligible Retirement Age to a Mandatory Retirement Age of December 31st in the year such trustee reaches the age of 72; provided, however, that for an Effective Date Trustee who was 67 years of age or more on the Effective Date of the Plan, the Mandatory Retirement Age shall be December 31 of the year in which such trustee attains the age of 75.

• The Executive will not be subject to a pro rated reduction because he is more than 36 months from his Mandatory Retirement Age.

More Definitions of Mandatory Retirement Age

Mandatory Retirement Age means, solely for purposes of this Plan, age 75.

Mandatory Retirement Age means age 65 for those Participants who meet the requirements of section 12(c)(1) of the Age Discrimination in Employment Act of 1967, as amended ("ADEA"); or as permitted under the ADEA, for those Participants for whom age is a bona fide occupational qualification within the meaning of section 4(f)(1) of the ADEA. There shall be no Mandatory Retirement Age for other Participants, if any.

Mandatory Retirement Age means, at the time an Award is granted, the age specified by the Company for retirement of members of the Board. An Eligible Director who has held an Award for at least six (6) months and continues service on the Board after reaching Mandatory Retirement Age will become fully vested in such Award upon reaching Mandatory Retirement Age, except as otherwise determined by the Committee and set forth in the Restricted Stock Agreement or Stock Unit Agreement.

Mandatory Retirement Age means the age at which the Employer may legally require an Employee to retire. An Employee who has served for a minimum of two (2) years at a high level executive or high policy-making position and who is entitled to a nonforfeitable immediate annual Employer-provided retirement benefit, from any source, which is at least equal to a benefit, computed as a life annuity, of $44,000 per year (or such other as may be provided by future legislation) attains Mandatory Retirement Age at age sixty-five (65), unless otherwise provided by law.

Mandatory Retirement Age means, for purpose of this Plan only, with respect to an individual Participant, the date on which the Participant attains the age of seventy (70); provided, however, that if such Participant was initially elected or appointed to the Board on or after the date on which the Participant attained the age sixty-five (65), then the term “Mandatory Retirement Age”, with respect to such Participant, shall be the date on which such Participant attains the age of seventy-two (72).

Mandatory Retirement Age means an age stipulated in the employment contract of an individual employed by any organisation or body specified by the Minister for Health, as

Mandatory Retirement Age means the date a Participant attains age 65, or such other later date as specified by the Company's Board of Directors.