Retirement

Retirement. Shall mean voluntary termination by the Executive in accordance with the Employers' retirement policies, including early retirement, generally applicable to their salaried employees.

Retirement. Shall be deemed the reason for the termination by the Company or the Executive of the Executive's employment if such employment is terminated in accordance with the Company's retirement policy, not 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. Of the Participant shall mean the occurrence of the Participant's Date of Termination after age 55.

Retirement. Means the retirement from active employment with the Company of an employee or officer but only if such person meets all of the requirements contained in clause (i) or contained in clause (ii) below: (i) he has a minimum combined total of years of service and age equal to eighty (80); he is age sixty-two (62) or older; and he provides six (6) months' prior written notice to the Company of the retirement; or (ii) he has a minimum of five (5) years of service; he is age sixty-five (65) or... older and he provides six (6) months' prior written notice to the Company of the retirement. "Years of Service" shall be defined the same way as it is under the Company's pension plan, provided that for this purpose years of service will mean only employment by the Company, and will not include employment by any company or entity acquired by the Company for the period prior to its acquisition by the Company. An employee or officer who retires but fails to meet such requirements shall not be deemed to be within the definition of "Retirement" for any purpose under this Plan or any Award or Option granted thereunder; provided, however, after a Change in Control transaction, no prior notice of a Retirement shall be required for purposes of this Plan only and any Optionee (as defined in the Plan) who meets all of the other conditions contained in clause (i) or in clause (ii), but is terminated without Cause, shall be deemed to meet all the conditions for Retirement for purposes of the Plan only and shall be deemed to have terminated employment due to Retirement for purposes of this Plan only. View More

Retirement. (i) Except as provided under (iii) below, for employees hired by the Controlled Group prior to January 1, 2004, Retirement means any of the following: · age 50 with 10 years of service; · age 65 with at least three years of service; or · age 55 with an age and service combination of 70 points, where each year of age is one point and each year of service is one point. (ii) Except as provided under (iii) below, for employees hired by the Controlled Group after December 31, 2003, Retirement means... any of the following: · age 55 with 10 years of service; or · age 65 with at least three years of service. (iii) For participants in the Abbott Laboratories Pension Plan for Former BASF and Former Solvay Employees, Retirement means any of the following: · age 55 with 10 years of service; or · age 65 with at least three years of service. (iv) For purposes of calculating service under this Section 1(j), except as otherwise provided by the Committee or its delegate, service is earned only if performed for a member of the Controlled Group while that Controlled Group member is a part of the Controlled Group. (v) If an Employee has a Termination and (A) as of the date of that Termination met the definition of Retirement, and (B) is subsequently rehired by a member of the Controlled Group, then for purposes of this Agreement that Employee will continue to be treated as meeting the definition of Retirement. View More

Retirement. The term "Retirement" shall mean, with respect to the Executive, the Executive's retirement as an employee of the Company or any of its subsidiaries on or after reaching age 65 or such earlier age as may be otherwise determined by the Board after at least three years employment with the Company or any of its subsidiaries after the Closing Date.

Retirement. Means a termination of employment by the Participant (i) following the attainment of age 55 with ten (10) or more years of service with the Company or any Affiliate or (ii) pursuant to a retirement plan or early retirement program of the Company or any Affiliate.

Retirement. Shall mean Executive's resignation on or after the date he reaches age sixty-five.

Retirement. Termination of employment or service pursuant to and in accordance with the regular (or, if approved by the Board for purposes of the Plan, early) retirement/pension plan or practice of the Company or Subsidiary then covering the Participant, provided that if the Participant is not covered by any such plan or practice, the Participant will be deemed to be covered by the Company's plan or practice for purposes of this determination

Retirement. Means retirement as defined in the Company's then-current tax qualified defined benefit pension plan, or if there is no such retirement plan, "Retirement" means voluntary termination of employment after age 55 with ten or more years of service, or after age 65 with five or more years of service.