Retirement

Retirement. Retirement means the Executive's resignation of employment (other than for Good Reason) on or after the Executive's attainment of age 65 with five consecutive years of service with the Company (inclusive of any prior service with Pine River or the Company prior to the internalization).

Retirement. Means voluntary Termination of Employment by an Employee from the Company and its Affiliates after the Employee has attained age sixty-five (65) and completed at least five (5) years of service with the Company and its Affiliates.

Retirement. Retirement after age sixty (60) with five (5) or more years of full-time service with the Company; provided, that the Employee (A) has given written notice, in form reasonably satisfactory to the Company, to the Employee's supervisor, with a copy to the Vice President, Chief Human Resources Officer of the Company (or, if the Employee is the Vice President, Chief Human Resources Officer of the Company, to the Chief Executive Officer of the Company) that (1) specifies the Employee's intent to... retire from the Company and the particular intended date of retirement, which must be at least six (6) months after the date such written notice is given, and (2) has not been preceded by notice from the Company to the Employee of the actual or impending termination of employment of the Employee by the Company; and (B) has remained employed by the Company until the earlier of (1) the particular intended date of retirement specified in such notice (or such other date as has been mutually agreed in writing between the Company and the Employee) or (2) the date on which the Employee ceases to be an employee of the Company due to death or disability or involuntary termination of employment of the Employee by the Company other than for Cause. View More

Retirement. The Termination of Employment of the Participant, other than by reason of the Participant's death or Disability and other than by the Company for Justifiable Cause or by the Participant for Good Reason, after the Participant has attained age 65 and completed at least 5 years of employment with the Company and its Subsidiaries and Affiliates.

Retirement. The Participant's termination of employment with all Employers, other than for Cause, following the date on which (i) the sum of the following equals or exceeds 65 years: (A) the number of years of the Participant's employment with all Employers, and (B) the Participant's age on the date of termination of employment, (ii) the Participant has attained the age of 55 years, and (iii) the number of years of the Participant's employment with the Employers is at least five. Notwithstanding the... foregoing, "Retirement" shall not include a Participant's resignation from the Employer when such resignation is given in connection with the Participant's prior acceptance (or planned acceptance) of an employment or consulting position with another person or company View More

Retirement. Means, unless otherwise stated by the Committee (or the Board) in an applicable Award agreement, a Participant's voluntary termination of service as a member of the Board (or the board of a subsidiary or affiliate of the Company) at or after attaining age 70 with at least three years of service as a member of the applicable board

Retirement. The Participant's voluntary termination other than for Good Reason on or after becoming Retirement Eligible.

Retirement. Means the Participant's voluntary retirement from his or her service as an Employee or member of the Board at a time when the Participant has (i) attained at least sixty (60) years of age, and (ii) completed at least ten (10) Years of Service with the Company, the Partnership or a Subsidiary, provided that the Participant has provided the Company or the Partnership with at least twelve (12) months' advance written notice of the Participant's retirement. For avoidance of doubt, if the... Participant incurs a Termination of Service for any reason during such notice period, such Termination of Service shall not be deemed to have occurred by reason of the Participant's Retirement for purposes of this Agreement. View More

Retirement. Of a Participant will be determined in accordance with the following:(i) 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 65. 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 or its delegate 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 or its delegate and such determination shall be final and binding on all persons. (ii) 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 initial public offering. (iii) Notwithstanding that the Participant's Date of Termination satisfies the requirements of paragraph (i) above, the Participant will not be considered to have retired (or have terminated by reason of Retirement) with respect to any Installment if the Committee determines that the Participant has provided significant commercial or business services to any one or more persons or entities on or before the Delivery Date applicable to that Installment, regardless of whether such entity is owned or controlled by the Participant; provided that the Participant may devote reasonable time to the supervision of his or her personal investments, and activities involving professional, charitable, community, educational, religious and similar types of organizations, speaking engagements, membership on the boards of directors of other organizations, and similar types of activities, to the extent that the Committee, in its discretion, determines that such activities are consistent with the Participant's Retirement. (iv) At the request of the Committee, and as a condition of receiving a distribution of Shares in settlement of an Installment, the Participant shall be required to provide a listing of the activities engaged in by the Participant following the Participant's Date of Termination and prior to the Delivery Date applicable to such Installment and such other information that the Committee determines may be necessary from time to time to establish whether the Participant has acted in a manner that is consistent with the requirements of paragraph (iii). Such listing and information shall be provided promptly by the Participant, but in no event more than 10 days after written request is delivered to the Participant. (v) At the request of the Participant, the Committee shall determine whether a proposed activity of the Participant will be consistent with the requirements of paragraph (iii). Such request shall be accompanied by a description of the proposed activities, and the Participant shall provide such additional information as the Committee may determine is necessary to make the determination. Such a determination shall be made promptly, but in no event more than 30 days after the written request, together with any additional information requested of the Participant, is delivered to the Committee. View More

Retirement. Shall mean termination of employment by Participant on or after Participant's attainment of age 55 and ten years of service or age 65 and five years of service (and not for any other reason), provided that Participant has remain continuously employed with the Company or one of its affiliates through the one-year anniversary of the Grant Date. Notwithstanding the definition of Retirement set forth immediately above, if the Company receives an opinion of counsel that there has been a legal... judgment and/or legal development in Participant's jurisdiction that would likely result in the favorable Retirement treatment that applies to this grant under the Plan being deemed unlawful and/or discriminatory, then the Committee will not apply the favorable Retirement treatment at the time of Participant's termination of employment and the Performance Units shall be governed by the remaining provisions related to termination of Participant's employment. View More