Mandatory Retirement

Example Definitions of "Mandatory Retirement"
Mandatory Retirement. Termination of Employment as a result of MPC's policy, if any, in effect at the time of the Grant Date, requiring the mandatory retirement of officers and/or other employees upon reaching a certain age or milestone.
Found in MPLX LP contract
Mandatory Retirement. Termination of Employment as a result of MPC's the Corporation's policy, if any, in effect at the time of the Grant Date, requiring the mandatory retirement of officers and/or other employees upon reaching a certain age or milestone.
Found in Marathon Petroleum contract
Mandatory Retirement. Termination Mandatory Retirement means termination of Employment as a result of MPC's the Company's policy, if any, in effect at the time of the Grant Date, requiring the mandatory retirement of officers and/or other employees upon reaching a certain age or milestone.
Found in MPLX LP contract
View Variations (2)
Mandatory Retirement. As determined by the Board of Directors of the Corporation (or its delegate), a Participant's mandatory retirement under the Marathon Petroleum Corporation Mandatory Retirement Policy, or equivalent thereto, provided such Mandatory Retirement constitutes a separation from service within the meaning of Section 409A of the Code
Found in Marathon Petroleum contract
Mandatory Retirement. As determined by the Board of Directors of the Corporation (or its delegate), a Participant's mandatory retirement under the Marathon Petroleum Corporation Mandatory Retirement Policy, or equivalent thereto, provided such Mandatory Retirement constitutes a separation from service within the meaning of Section 409A of the Code thereto
Found in Marathon Petroleum contract
View Variation
Mandatory Retirement. Shall have the meaning given "compulsory retirement" by and under the Age Discrimination Acts.
Found in 180 DEGREE CAPITAL CORP. contract
Mandatory Retirement. Means the termination of a directors' service in accordance with any mandatory retirement policy adopted by the Board and then in effect.
Found in Magellan Health, Inc. contract
Mandatory Retirement. Means the Participant's mandatory retirement from the Board of Directors at the next annual meeting of shareholders following the date the Participant reaches his 73rd birthday
Found in Devon Energy contract
Mandatory Retirement. Executive's involuntary retirement as required by a lawful Company policy requiring Executive to retire at or after age sixty‐five (65), but only if such policy is adopted by the Company before a Change in Control and only if such policy was not adopted by the Company at the request of or in response to a Third Party who subsequently effectuates a Change in Control.
Found in SpartanNash Company contract
Mandatory Retirement. As determined by the Board of Directors of MPC, the mandatory retirement age of 65 for Participants who are in bona fide executive or in high policymaking positions and in Grades 19 and above if: (1) the Participant has been employed in such capacity for the two-year period immediately prior to mandatory retirement; and (2) the Participant is entitled to the minimum retirement benefit specified by federal law for persons who hold positions to which mandatory retirement may lawfully apply.... Mandatory Retirement is required by the earlier of the first of the month coincident with or immediately following the Participant's 65th birthday View More
Found in MPLX LP contract
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