Retirement

Retirement. The termination of a Participant's employment with the Company and its Subsidiaries after the Participant has attained age 65, or after the Participant has attained age 55 and completed at least six years of employment.

Retirement. Means the retirement from active employment of an employee or officer, but only if such person meets all of the following requirements: (i) he has a minimum combined total of years of service to the Company or any Subsidiary (excluding service to any acquired company) and age equal to eighty (80), (ii) he is age sixty-two (62) or older, and (iii) he provides six (6) months prior written notice to the Company of the retirement. For Directors, the term "Retirement" shall mean the date on which... the Director ceases to be a member of the Board after both attaining age sixty (60) and completing at least ten (10) years of service on the Board. View More

Retirement. A Participant's Separation from Service other than for Cause or because of the Participant' death or Disability, at or after the Participant's (1) age 65 ("Normal Retirement Date") or (2) age 55 (but prior to age 65), with ten or more years of service, or such other date prior to age 65 which constitutes an Early Retirement Date ("Early Retirement Date") as defined from time to time under the Retirement Plan of Trustco Bank. For purposes hereof, the phrase "years of service" has the meaning... ascribed to the term "Credited Years of Service" under the Amended and Restated Trustco Bank and TrustCo Bank Corp NY Supplemental Retirement Plan dated January 1, 2008 View More

Retirement. The Grantee's Separation from Service (except due to death) on or after attaining age fifty-five (55) and after providing at least ten (10) years of service to the Company or any Subsidiary or affiliate and any predecessor thereof.

Retirement. Retirement as defined under the Company's tax-qualified pension plan, or, if the Company does not maintain a tax-qualified pension plan, the Committee's determination that a participant's termination of employment is deemed to be a retirement.

Retirement. Termination of Employee's employment with the Company and its Subsidiaries in accordance with the retirement policies, including early retirement policies, generally applicable to salaried employees of the Company and its Subsidiaries, if any.

Retirement. A resignation by the Executive of his employment (other than for Good Reason) which occurs on or after the date the Executive reaches age 72 provided he has had at least twenty (20) years of service to the Company and/or the Partnership (including any predecessor entities).

Retirement. Means the Participant's voluntarily initiated termination of service on or after the earliest of (i) age 65, (ii) age 55 with 10 years of participation service credited under the qualified defined benefit pension plan maintained by the Company or an Affiliate in which the Participant is eligible to participate, (iii) the time of retirement as defined in a written agreement between a Participant and the Company or an Affiliate, or (iv) outside the U.S., the time when retirement is permitted and... the Participant is eligible to receive a retirement benefit from the Company or an Affiliate under applicable law with respect to the Participant's primary place of employment (as determined by the Committee in its sole judgment) View More

Retirement. A retirement by the Executive if the Executive has been designated as an eligible retiree by the Board of Directors, in the Board's sole discretion.

Retirement. The term 'Retirement' means the occurrence of a Participant's Date of Termination due to the voluntary termination of employment with the consent of the Committee (as described below) by a Participant who meets the following requirements as of such Date of Termination: (i) the Participant is age 60 or older and (ii) the total of the Participant's age and years of service equals or exceeds 70. For purposes of defining 'Retirement,' years of service shall be determined in accordance with rules... which may be established by the Committee, and shall take into account service with the Company and the Subsidiaries. If, on or before the date of the initial public offering of stock of the Company, the Participant was employed by the Company or its Subsidiaries, years of service shall also include service with ACE Limited and its subsidiaries occurring prior to such the initial public offering. For purposes of this Agreement, the Participant's Date of Termination shall not be considered to be a Retirement unless, prior to such Date of Termination, the Committee approved treating such Participant's Date of Termination as a Retirement for purposes of this Agreement. The determination of whether to treat the Participant's Date of Termination as a Retirement shall be made in the sole discretion of the Committee and such determination shall be final and binding on all persons. View More