Deferral Amount Prior to Age Sixty Clause Samples

Deferral Amount Prior to Age Sixty. Five - Employment Termination Due to Change in Control, Disability, by Death, or For Reasons Other than for Cause. If Curley's employment by the Corporation is terminated prior to ▇▇▇ ▇▇▇▇hing age sixty-five (65): (1) for any reason other than for Cause (as herein defined) during the period commencing with the effective date of a Change in Control and ending two (2) years thereafter, (2) by Curley with Good Reason (as herein defined) during the ▇▇▇▇od commencing with the effective date of a Change in Control and ending two (2) years thereafter, (3) as a result of the Disability (as herein defined) of Curley, (4) as a result of the death of Curley, or (5) for any other reason other than Caus▇ he shall be entitled to a single payment either in the amount of the then cash surrender value of that certain $300,000 universal key man life insurance policy on the life of Curley (Policy Number A10161400L issued by American General ▇▇▇▇ ▇nsurance Company and owned by the Corporation) or, in the event such life insurance policy is no longer then in effect, in the amount set forth on Exhibit A to this Agreement.
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Related to Deferral Amount Prior to Age Sixty

  • Regular Floating Rate Note Unless this Note is specified on the face hereof as a Floating Rate/Fixed Rate Note, this Note (a “Regular Floating Rate Note”) will bear interest at the rate determined by reference to the applicable Interest Rate Basis or Interest Rate Bases: (1) plus or minus the applicable Spread, if any; and/or (2) multiplied by the applicable Spread Multiplier, if any. Commencing on the first Interest Reset Date, the rate at which interest on this Regular Floating Rate Note is payable will be reset as of each Interest Reset Date; provided, however, that the interest rate in effect for the period, if any, from the Original Issue Date to the first Interest Reset Date will be the Initial Interest Rate.

  • Carry Forward to a Subsequent Year If you do not withdraw the excess contribution, you may carry forward the contribution for a subsequent tax year. To do so, you under-contribute for that tax year and carry the excess contribution amount forward to that year on your tax return. The six percent excess contribution penalty tax will be imposed on the excess amount for each year that it remains as an excess contribution at the end of the year. You must file IRS Form 5329 along with your income tax return to report and remit any additional taxes to the IRS.

  • Reallocation to a Class with a Lower Salary Range Maximum 1. If the employee meets the skills and abilities requirements of the position and chooses to remain in the reallocated position, the employee retains the existing appointment status and has the right to be placed on the Employer’s internal layoff list for the classification occupied prior to the reallocation. 2. If the employee chooses to vacate the position or does not meet the skills and abilities requirements of the position, the layoff procedure specified in Article 31 of this Agreement applies.

  • Notional Amount For each Distribution Date (and the related Interest Accrual Period) each of the Class M-1, Class B-1, Class B-2, Class B-3, Class B-4, Class B-5 and Class B-6 Certificates shall accrue interest at a per annum rate equal to the B Average Rate.

  • What Forms of Distribution Are Available from a ▇▇▇▇▇▇▇▇▇ Education Savings Account Distributions may be made as a lump sum of the entire account, or distributions of a portion of the account may be made as requested.