Early Retirement

Example Definitions of "Early Retirement"
Early Retirement. That the Grantee's employment terminates in any of the following circumstances, and other than a termination of employment that constitutes a Normal Retirement or occurs in connection with a termination by the Company or a subsidiary for cause: (i) a termination of employment after the Grantee has attained age 55 with at least 10 years of service. (ii) a termination of employment by the Company or a subsidiary as part of a reduction in force and, at the time of such termination, the Grantee has... attained age 53 with at least 10 years of service. (iii) a termination of employment by the Company or a subsidiary as part of a reduction in force and, at the time of such termination, the sum of the Grantee's age and years of service is at least 75. In the case of a Grantee who is an officer of the Company subject to the Company's mandatory retirement at age 65 policy and who, at the applicable time, is not otherwise eligible for Early Retirement as defined in the preceding sentence or for Normal Retirement, "Early Retirement" as to that Grantee means that the Grantee's employment is terminated pursuant to such mandatory retirement policy (regardless of the Grantee's years of service and other than in connection with a termination by the Company or a subsidiary for cause) View More
Found in Northrop Grumman contract
Early Retirement. That the Grantee's employment terminates in any of the following circumstances, and other than a termination of employment that constitutes a Normal Retirement or occurs in connection with a termination by the Company or a subsidiary for cause: (i) a termination of employment after the Grantee has attained age 55 with at least 10 years of service. (ii) a termination of employment by the Company or a subsidiary as part of a reduction in force and, at the time of such termination, the Grantee has... attained age 53 with at least 10 years of service. (iii) a termination of employment by the Company or a subsidiary as part of a reduction in force and, at the time of such termination, the sum of the Grantee's age and years of service is at least 75 In the case of a Grantee who is an officer of the Company subject to the Company's mandatory retirement at age 65 policy and who, at the applicable time, is not otherwise eligible for Early Retirement as defined in the preceding sentence or for Normal Retirement, "Early Retirement" as to that Grantee means that the Grantee's employment is terminated pursuant to such mandatory retirement policy (regardless of the Grantee's years of service and other than in connection with a termination by the Company or a subsidiary for cause) View More
Found in Northrop Grumman contract
Early Retirement. That the Grantee's employment terminates in any of the following circumstances, and other than a termination of employment that constitutes a Normal Retirement or occurs in connection with a termination by the Company or a subsidiary for cause: (i) a termination of employment after the Grantee has attained age 55 with at least 10 years of service. (ii) a termination of employment by the Company or a subsidiary as part of a reduction in force and, at the time of such termination, the Grantee has... attained age 53 with at least 10 years of service. (iii) a termination of employment by the Company or a subsidiary as part of a reduction in force and, at the time of such termination, the sum of the Grantee's age and years of service is at least 75 In the case of a Grantee who is an officer of the Company subject to the Company's mandatory retirement at age 65 policy and who, at the applicable time, is not otherwise eligible for Early Retirement as defined in the preceding sentence or for Normal Retirement, "Early Retirement" as to that Grantee means that the Grantee's employment is terminated pursuant to such mandatory retirement policy (regardless of the Grantee's years of service and other than in connection with a termination by the Company or a subsidiary for cause) View More
Found in Northrop Grumman contract
Early Retirement. That the Grantee's Grantee terminates employment terminates in any after attaining age 55 with at least 10 years of the following circumstances, and other service (other than a termination of employment that constitutes a Normal Retirement or occurs in connection with a termination by the Company or a subsidiary for cause: (i) cause) and other than a termination of employment after the Grantee has attained age 55 with at least 10 years of service. (ii) a termination of employment by the Company... or a subsidiary as part of a reduction Normal Retirement. However, in force and, at the time of such termination, the Grantee has attained age 53 with at least 10 years of service. (iii) a termination of employment by the Company or a subsidiary as part of a reduction in force and, at the time of such termination, the sum of the Grantee's age and years of service is at least 75. In the case of a Grantee who is an officer of the Company subject to the Company's mandatory retirement at age 65 policy and who, at the applicable time, is not otherwise eligible for Early Retirement as defined in the preceding sentence or for Normal Retirement, "Early Retirement" as to that Grantee means that the Grantee's employment is terminated pursuant to such mandatory retirement policy (regardless of the Grantee's years of service and other than in connection with a termination by the Company or a subsidiary for cause) View More
Found in Northrop Grumman contract
View Variations
Early Retirement. An employee voluntarily ceases to be an Employee and the Administrator determines (either initially or subsequent to the grant of the relevant Award) that the cessation constitutes Retirement for purposes of this Plan. In deciding whether a termination of employment is an Early Retirement, the Administrator need not consider the definition under any other Company benefit plan
Found in Vontier Corp contract
Early Retirement. An employee voluntarily ceases to be an Employee and both (i) the employment termination occurs before the Employee reaches age sixty-five (65) and (ii) the Administrator determines (either initially or subsequent to the grant of the relevant Award) that the cessation constitutes Retirement for purposes of this Plan. In deciding whether a termination of employment is an Early Retirement, the Administrator need not consider the definition under any other Company benefit plan
Found in Danaher Corp. contract
Early Retirement. An employee voluntarily ceases to be an Employee and both (i) the employment termination occurs before the Employee reaches age sixty-five (65) and (ii) the Administrator determines (either initially or subsequent to the grant of the relevant Award) that the cessation constitutes Retirement for purposes of this Plan. In deciding whether a termination of employment is an Early Retirement, the Administrator need not consider the definition under any other Company benefit plan
Found in Danaher Corp. contract
Early Retirement. An employee voluntarily ceases to be an Employee and both (i) the employment termination occurs before the Employee reaches age sixty-five (65) and (ii) the Administrator determines (either initially or subsequent to the grant of the relevant Award) that the cessation constitutes Retirement for purposes of this Plan. In deciding whether a termination of employment is an Early Retirement, the Administrator need not consider the definition under any other Company benefit plan
Found in Danaher Corp. contract
View Variations
Early Retirement. Unless otherwise defined in the applicable Award Agreement, the termination of a Participant from the employ or service of the Company or any of its Subsidiaries or Affiliates at a time when the Participant would meet the age and service requirements for early retirement under the terms of the applicable Company pension plan.
Found in CommunityOne Bancorp contract
Early Retirement. Early Retirement a director can retire prior to age 72 provided he/she has completed at least fifteen (15) years of service as a director.
Found in SI Financial Group, Inc. contract
Early Retirement. Retirement prior to the Normal Retirement Date
Found in PEPCO HOLDINGS LLC contract
Early Retirement. The retirement of an employee of the Company or a Subsidiary prior to the legally mandated age of retirement, if any, or that age provided in applicable policies of the Company as such may be instituted from time to time.
Found in EURONET WORLDWIDE INC contract
Early Retirement. Retirement on the Executive's own initiative under the Scripps Pension Plan on or after Executive's 55th birthday and prior to the first day of the month coinciding with or immediately following his 65th birthday.
Found in The E.W. Scripps Company contract
Early Retirement. That the Grantee terminates employment after attaining age 55 with at least 10 years of service (other than in connection with a termination by the Company or a subsidiary for cause) and other than a Normal Retirement
Found in Northrop Grumman contract
Early Retirement. Early Retirement means the Participant's voluntary termination of employment with the Company and each of its subsidiaries at or after the date the Participant has both reached age 55 but has not yet reached age 65, and completed at least ten (10) years of service with the company or its subsidiaries.
Found in H&R Block contract
Early Retirement. Means retirement from Board service after the age of 55 with 120 or more full months of aggregate Board service.
Found in First Horizon National Corp contract
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