Retirement Benefits Contract Clauses (87)

Retirement Benefits. 1 In connection with Executive's retirement on the Retirement Date and subject to Executive signing a general release of claims in the form attached hereto as Exhibit A (the "Release") within twenty-one (21) days after the Retirement Date and not revoking the Release, and subject to Section 3 below, the Company agrees to provide the benefits, described below, to which he is not otherwise entitled and that are not required by law: Executive will be eligible to continue utilization of executive ph...ysical examination and financial counseling reimbursement perquisites, subject to the terms and limitations of each perquisite, through December 31, 2022. View More

Retirement Benefits. In consideration for your execution of a general release of claims as provided in paragraph 7 hereof, your continued compliance with your post-termination obligations under the Employment Agreement, and the other promises contained herein, following your Retirement Date, you will receive the severance benefits described in Section 6(b) of the Employment Agreement in accordance with all of the terms and conditions thereof. For purposes of clarity, you are a "Specified Employee" (as defined under ...Section 409A of the US Internal Revenue Code) and accordingly the severance benefits described in Section 6(b) of the Employment Agreement may be delayed in accordance with the requirements of Section 409A of the US Internal Revenue Code. View More