Common use of Normal Retirement Date Clause in Contracts

Normal Retirement Date. The Normal Retirement Date shall mean retirement from service with the Corporation which becomes effective on the first day of the calendar month following the month in which the Executive reaches his 65th birthday.

Appears in 2 contracts

Sources: Salary Continuation Agreement (Omega Flex, Inc.), Salary Reduction Deferred Compensation Plan (Premier Community Bankshares Inc)

Normal Retirement Date. The Normal Retirement Date shall mean retirement from service with the Corporation which becomes effective on Date” means the first day of the calendar month following the month in which the Executive reaches his 65th 55th birthday. Nothing in this Agreement requires or is intended to encourage the Executive’s retirement from service with the Corporation at the Normal Retirement Date.

Appears in 1 contract

Sources: Employee Retention Agreement (National Interstate CORP)

Normal Retirement Date. The Normal Retirement Date shall mean retirement from service with the Corporation which becomes effective on the first day of the calendar month following the month in which the Executive reaches his 65th 62nd birthday.

Appears in 1 contract

Sources: Salary Continuation Agreement (Meridian Bioscience Inc)

Normal Retirement Date. The Normal Retirement Date shall mean retirement from service with the Corporation Corporation, which becomes effective on the first day of the calendar month following the month in which the Executive reaches his 65th her 42nd birthday.

Appears in 1 contract

Sources: Salary Continuation Agreement (Af Financial Group)

Normal Retirement Date. The Normal Retirement Date shall mean retirement from service with the Corporation Corporation, which becomes effective on the first day of the calendar month following the month in which the Executive reaches his 65th 70th birthday.

Appears in 1 contract

Sources: Salary Continuation Agreement (Af Financial Group)

Normal Retirement Date. The Normal Retirement Date shall mean retirement from service with the Corporation which becomes effective on the first day of the calendar month following the later of the month in which the Key Executive reaches his 65th birthday, or ten (10) years of participation in the plan.

Appears in 1 contract

Sources: Executive Benefit Plan Master Agreement (Annas Linen Co)

Normal Retirement Date. The For purposes of this Agreement, the term “Normal Retirement Date shall mean retirement Date” means the date on which the Executive can retire from service with the Corporation which becomes effective Employer and commence receiving retirement payments within 31 days thereafter, without any reduction in such payments on account of early retirement, under the primary qualified defined benefit pension plan applicable to the Executive, or any successor plan, as in effect on the first day date of the calendar month following Change in Control of the month in which the Executive reaches his 65th birthdayCompany.

Appears in 1 contract

Sources: Key Executive Employment and Severance Agreement (Mgic Investment Corp)

Normal Retirement Date. The Normal Retirement Date shall mean retirement from service with the Corporation which becomes effective on the first day of the calendar month following the month in which the Executive reaches his 65th birthdaythe Normal Retirement Age.

Appears in 1 contract

Sources: Executive Supplemental Retirement Plan Agreement (Cn Bancorp Inc)

Normal Retirement Date. The Normal Retirement Date shall mean retirement from service with the Corporation which becomes effective on the first day of the calendar month following the month in which the Executive reaches Member’s current term of office expires as a member of the board directors of the Corporation following his 65th birthday.

Appears in 1 contract

Sources: Deferred Compensation Agreement (Landmark Bancorp Inc)

Normal Retirement Date. The Normal Retirement Date shall mean retirement from service with the Corporation Bank which becomes effective on the first day of the calendar month following the month in which the Executive Director reaches his 65th sixty-fifth (65th) birthday.

Appears in 1 contract

Sources: Director Indexed Fee Continuation Plan Agreement (Shore Bancshares Inc)