Retirement Definition Example with 6 Variations

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), 1(m), 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. (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: · (A) age 50 with 10 years of service; · (B) age 65 with at least three years of service; or · (C) 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: · (A) age 55 with 10 years of service; or · (B) 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: · (A) age 55 with 10 years of service; or · (B) age 65 with at least three years of service. (iv) For purposes of calculating service under this Section 1(j), 1(i), 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. (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 (3) years of service; or · age 55 with an age and service combination of 70 points, where each year of age is one (1) point and each year of service is one (1) 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 (3) 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 (3) 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. Program administrative rules apply in determining Retirement eligibility and credited service. (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 2 Agreement that Employee will continue to be treated as meeting the definition of Retirement. 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 (3) years of service; or · age 55 with an age and service combination of 70 points, where each year of age is one (1) point and each year of service is one (1) 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 (3) 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 (3) years of service. (iv) For purposes of calculating service under this Section 1(j), 1(i), 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. Program administrative rules apply in determining Retirement eligibility and credited service. (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. (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 (3) years of service; or · age 55 with an age and service combination of 70 points, where each year of age is one (1) point and each year of service is one (1) 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 (3) 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 (3) years of service. (iv) For purposes of calculating service under this Section 1(j), 1(l), 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. Program administrative rules apply in determining Retirement eligibility and credited service. (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. (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 (3) years of service; or · age 55 with an age and service combination of 70 points, where each year of age is one (1) point and each year of service is one (1) 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 (3) 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 (3) years of service. (iv) For purposes of calculating service under this Section 1(j), 1(m), 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. Program administrative rules apply in determining Retirement eligibility and credited service. (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