Optional Retirement Coverage Sample Clauses

Optional Retirement Coverage. Effective April 28, 2005, upon early retirement, the employee has the option of a fifty thousand dollar ($50,000) life insurance policy to age sixty-five (65) by paying both employee and Employer premiums. Application must be made at the time of retirement.
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Optional Retirement Coverage. For employees who retire on or after January coverage of shall be available to the retiree up to the age of The cost of such insurance be fully paid for by the retiree at group rates and application must be made at the time of retirement. At age the retiree may convert said within thirty (30) days. At retirement, an additional fifty thousand dollar ($50,000) life insurance policy in optional each of ten thousand dollars ($10,000) shall be available to retirees, subject to evidence of insurabilityand will be fully paid for by the retiree at rates prescribed by the insurance carrier for the period from retirement to age At age the retiree may convert said policy within thirty
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Related to Optional Retirement Coverage

  • Normal Retirement Normal Retirement Age under the Plan is: (Choose (a) or (b)) [X] (a) 65 [State age, but may not exceed age 65].

  • Normal Retirement Date The term “Normal Retirement Date” means “Normal Retirement Date” as defined in the primary qualified defined benefit pension plan applicable to the Executive, or any successor plan, as in effect on the date of the Change in Control of the Company.

  • Disability Retirement If, as a result of your incapacity due to physical or mental illness, You shall have been absent from the full-time performance of your duties with the Company for 6 consecutive months, and within 30 days after written notice of termination is given You shall not have returned to the full-time performance of your duties, your employment may be terminated for "Disability." Termination of your employment by the Company or You due to your "Retirement" shall mean termination in accordance with the Company's retirement policy, including early retirement, generally applicable to its salaried employees or in accordance with any retirement arrangement established with your consent with respect to You.

  • Normal Retirement Benefit Upon Termination of Employment on or after the Normal Retirement Age for reasons other than death, the Company shall pay to the Executive the benefit described in this Section 2.1 in lieu of any other benefit under this Agreement.

  • Normal Retirement Age Normal Retirement Age shall mean the date on which the Executive attains age sixty-five (65).