Example ContractsClausesNormal Retirement Date
Remove:

Normal Retirement Date. The ’s Service terminates on or after the ’s Normal Retirement Date and the Company receives a valid unrevoked Release Agreement from the . “Normal Retirement Date” is the date that is # on or prior to the ’s termination of Service, # at or after attaining age 55 and completing at least 5 years of Service (which 5 years need not be continuous), and # if the ’s termination of Service is voluntary, at least six months after the commenced discussions with the Company’s Chief Executive Officer or most senior human resources executive regarding the ’s consideration of termination.

Normal Retirement Date. The Participant’s Normal Retirement Date is .

The later of age ​ or the ​ anniversary of the participation commencement date. The participation commencement date is the first day of the first Plan Year in which the Participant commenced participation in the Plan.

XX Change in Control Event

Normal Retirement Date for a Participant shall be the first day of the month coinciding with or next following the Participant's 65th birthday.

Normal Retirement Distribution. A Participant who remains in the employ of the Employer until his Normal Retirement Age will receive a Normal Retirement Benefit equal to the vested balance of his Account as of the date of his Retirement. Except as provided in [Section 10.3], payment of the Normal Retirement Benefit will begin on the first day of the second calendar month following the date of the Participant's Retirement in the form of equal annual installments through the date the Participant attains age eighty (80). Distributions will be made in the form of cash or Stock, depending on the Participant's investment crediting rates as provided in [Section 4.4]. The commencement of payment of the Normal Retirement Benefit will be subject to the six (6) month delay applicable to Key Employees under [Section 5.4]. A Participant who is entitled to a Normal Retirement Benefit distribution may elect to defer payment of such distribution pursuant to [Section 5.7].

XX # Full vesting upon Death.

Normal Retirement Benefit. The Participant has been designated as a Group C Participant and shall be entitled to a Retirement Benefit calculated in accordance with the applicable provision of [Section 3.1] of the Plan. In addition to the offsets specified in [Article III] of the Plan, the Participant’s Retirement Benefit shall be calculated with an offset for the amount of any employer-funded benefit earned by the Participant under any other retirement plan sponsored by the Company or its subsidiaries, whether domestic or foreign.

Eligibility Prior to Normal Retirement Date. Provided that the 13-month service requirement of [Section 2.05] is satisfied, any Participant with at least 60 calendar months of Service:

Retirement Date. Your last day of employment with the Company shall be mutually agreed upon by and between you and the Corporate Executive Vice President – Global Chief People Officer, and in no event shall such date be prior to (the “Termination Date”). As a condition to the Company’s obligations under this Agreement, you will provide any transition services necessary to facilitate a smooth transition of your job responsibilities, and perform such other duties and responsibilities as reasonably requested by the Company through the Termination Date, taking into account your ability to do so in light of your diagnosis and based upon the advice of your physician. Effective as of the Termination Date, you will resign, or will have resigned, from all positions at the Company (and as a fiduciary of any benefit plan of the Company), and you shall be deemed to have resigned as of no later than the Termination Date. You will execute such additional documents as requested by the Company to evidence the foregoing.

Load more...
Select clause to view document information.

Draft better contracts
faster with AllDrafts

AllDrafts is a cloud-based editor designed specifically for contracts. With automatic formatting, a massive clause library, smart redaction, and insanely easy templates, it’s a welcome change from Word.

And AllDrafts generates clean Word and PDF files from any draft.