Deferred Retirement Date definition
Examples of Deferred Retirement Date in a sentence
An Active Participant may continue his employment after his Normal Retirement Date, in which event he shall continue as an Active Participant and, subject to the provisions of Section 4.6, retire as of his Deferred Retirement Date.
Each Participant who retires on his Normal Retirement Date or Deferred Retirement Date shall be entitled to receive the entire balance credited to his Company Contributions Account as of the Valuation Date coincidental with or immediately following such Retirement Date plus any Company contributions to which he is entitled pursuant to Section 4.2 for the Plan Year in which his Normal Retirement or Deferred Retirement occurs.
If the Director is a Specified Employee upon Deferred Retirement, then the monthly payments specified in Section 3.3.2 above shall not commence until the first day of the month following the lapse of six months after the Deferred Retirement Date, and shall then continue for the 59 months that follow.
If the Director satisfies the requirements of Article 2 and remains in continuous service as a member of the Board of Directors of the Bank from the Effective Date of this Agreement until his Deferred Retirement Date, the Bank shall pay to the Director the benefit described in this Section 3.3 in lieu of any other benefit under this Agreement.
If the Director satisfies the requirements of Article 2 and remains in continuous service as a member of the Board of Directors of the Bank or ESB Financial from the Effective Date of this Agreement until his Deferred Retirement Date, the Corporation shall pay to the Director the benefit described in this Section 3.3 in lieu of any other benefit under this Agreement.