Retirement definition

Retirement means Normal or Early Retirement.
Retirement shall be deemed the reason for the termination by the Executive of the Executive's employment if such employment is terminated in accordance with the Company's retirement policy, including early retirement, generally applicable to its salaried employees.

Examples of Retirement in a sentence

  • This lien or right of setoff does not apply to an Individual Retirement Account or any other tax-deferred account that would lose special tax treatment if given as a security or when prohibited by law.

  • Those benefits that retiring Teachers would be entitled to with 30 years of service and at least 55 years of age, as defined by the District of Columbia Retirement Board (DCRB)(except where provided for under 4.5, Performance-Based Excessing) GOVERNING LICENSURE BOARD.

  • If the Retirement Worksheet is not returned within 90 days, the District will establish and deposit the payout to an account of the District’s choice with a copy sent to the employee at their address on file.

  • Pursuant to Minnesota statutes, all support staff shall be enrolled in Coordinated Plan administered by the Public Employees Retirement Association of Minnesota (PERA).

  • All employees shall be covered by the Public Employees Retirement System in accordance with Sections 19-3-101 through 19-3-2143 MCA.


More Definitions of Retirement

Retirement means termination of Executive’s employment on or after age 65 and in accordance with a retirement policy established by the Board with Executive’s consent with respect to him. Upon termination of Executive based on Retirement, no amounts or benefits shall be due Executive under this Agreement, and Executive shall be entitled to all benefits under any retirement plan of the Bank and other plans to which Executive is a party.
Retirement means termination in accordance with the Company's retirement policy, if any, including early retirement, generally applicable to its salaried employees or in accordance with any retirement arrangement established with the Executive's consent with respect to the Executive.
Retirement means an Employee's retirement from the employ of the Company on or after the date on which the Employee attains the age of 65 years; and
Retirement means Executive’s termination of his employment on or after his attainment of age 65.
Retirement as used in this Agreement shall mean termination by the Company or the Executive of the Executive's employment 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.
Retirement means a Grantee’s retirement pursuant to Applicable Law or in accordance with the terms of any tax-qualified retirement plan maintained by the Company or any of its Affiliates in which the Grantee participates or is subject to.