Grouped Into 3 Collections of Similar Clauses From Business Contracts
This page contains Retirement Date clauses in business contracts and legal agreements. We have organized these clauses into groups of similarly worded clauses.
Retirement Date. (a) Your separation from service will be effective at 11:59 PM the day immediately prior to the effective date of the appointment of a new Chief Executive Officer of the Company, which appointment is anticipated to be effective January 2, 2020 (the "Retirement Date"). Until the Retirement Date, you will continue in employment as a full-time executive of the Company, and, in addition to your duties as Chief Executive Officer, you shall provide such transition assistance to your named successor as... may be reasonably requested by the Board of Directors of the Company. Effective on the Retirement Date, you will resign from your position as the President and Chief Executive Officer of the Company and as a member of the Board of Directors of the Company and any other positions you may have with the Company and all of its subsidiaries and affiliates, and will promptly execute such documents and take such actions as may be necessary or reasonably requested by the Company to effectuate or memorialize your resignation from such positions in accordance with the terms of this Agreement. The parties agree that your decision to retire is entirely voluntary and will be treated neither as a "Termination by Company without Cause" nor as a "By Executive for Good Reason" termination pursuant to Section 5(a) of the Employment Agreement. Further, you acknowledge and agree that any transition activities undertaken between now and the January 1, 2020 Page 2 Retirement Date will not constitute grounds for you to terminate your employment "By Executive for Good Reason" pursuant to Section 5(a) of the Employment Agreement. You acknowledge that your receipt of this Agreement constitutes a "Notice of Termination" as that term is used in Section 4(a) of the Employment Agreement, with a "date provided" being the Retirement Date. (b) You agree to assist the Company with transition of your responsibilities and to comply with other post-employment requests including assisting the Company in defense of any pending, threatened, or anticipated litigation, proceeding, or inquiry in matters which the Company reasonably determines your participation to be necessary. You shall not be entitled to additional consideration for providing the cooperation required in the foregoing sentence; however, the Company will reimburse you for pre-approved reasonable expenses (excluding attorneys' fees), if any, you incur while providing such cooperation. (c) On or following the Retirement Date, you will receive: (i) the Accrued Obligations as defined in, and in accordance with the terms set forth in, the Employment Agreement; and (ii) an amount equal to accrued and unused sick leave in excess of 720 hours in accordance with the provisions of the Company's Employee Handbook. (d) Provided you remain employed until the Retirement Date (and have not been earlier terminated for Cause) and, in exchange for your execution and non-revocation of the Release of Claims in the form attached as Exhibit A (the "Release") on the Retirement Date, which Release must become irrevocable on or before fifteen (15) days following the Retirement Date, and your compliance with the provisions of this Agreement and the Release, the Company will cause, effective as of the date the Release becomes irrevocable (i) all time-vesting equity awards of the Company that you hold as of your Retirement Date to become fully vested, and (ii) all gold equivalent ounce and total shareholder return performance-vesting equity awards of the Company that you hold as of your Retirement Date to remain eligible to vest based on the attainment of applicable performance criteria through June 30, 2021 and, to the extent such awards vest, to be delivered without proration for service within sixty (60) days of the satisfaction of the applicable performance criteria. Any performance-vesting equity awards which do not vest pursuant to (ii) shall be forfeited as of June 30, 2021. You acknowledge and agree that as a result of the foregoing, your outstanding equity awards will be treated as set forth on Exhibit B. (e) You acknowledge and agree that you have no right to receive any compensation, payments or benefits from the Company, other than as expressly set forth in Section 1 of this Agreement.View More
Retirement Date. (a) Your separation from service will be effective at 11:59 PM the day immediately prior to the effective date of the appointment of a new Chief Executive Officer Vice President and General Counsel of the Company, which appointment is anticipated to be effective January 2, 2020 (the "Retirement Date"). Until the Retirement Date, you will continue in employment as a full-time executive of the Company, and, in addition to your duties as Chief Executive Officer, Vice President, General Counsel and ...Secretary, you shall provide such transition assistance to your named successor as may be reasonably requested by the Board of Directors of the Company. Effective on the Retirement Date, you will resign from your position as the President Vice President, General Counsel and Chief Executive Officer of the Company and as a member of the Board of Directors Secretary of the Company and any other positions you may have with the Company and all of its subsidiaries and affiliates, and will promptly execute such documents and take such actions as may be necessary or reasonably requested by the Company to effectuate or memorialize your resignation from such positions in accordance with the terms of this Agreement. The parties agree that your decision to retire is entirely voluntary and will be treated neither as a "Termination by Company without Cause" nor as a "By Executive for Good Reason" termination pursuant to Section 5(a) of the Employment Agreement. Further, you acknowledge and agree that any transition activities undertaken between now and the Retirement Date will not January 1, 2020 Page 2 Retirement Date will not constitute grounds for you to terminate your employment "By Executive for Good Reason" pursuant to Section 5(a) of the Employment Agreement. You acknowledge that your receipt of this Agreement constitutes a "Notice of Termination" as that term is used in Section 4(a) of the Employment Agreement, with a "date provided" being the Retirement Date. (b) You agree to assist the Company with transition of your responsibilities and to comply with other post-employment requests including assisting the Company in defense of any pending, threatened, or anticipated litigation, proceeding, or inquiry in matters which the Company reasonably determines your participation to be necessary. You shall not be entitled to additional consideration for providing the cooperation required in the foregoing sentence; however, the Company will reimburse you for pre-approved reasonable expenses (excluding attorneys' fees), if any, you incur while providing such cooperation. (c) On or following the Retirement Date, you will receive: (i) the Accrued Obligations as defined in, and in accordance with the terms set forth in, the Employment Agreement; and (ii) an amount equal to accrued and unused sick leave in excess of 720 hours in accordance with the provisions of the Company's Employee Handbook. (d) Provided you remain employed until the Retirement Date (and have not been earlier terminated for Cause) and, in exchange for your execution and non-revocation of the Release of Claims in the form attached as Exhibit A (the "Release") on the Retirement Date, which Release must become irrevocable on or before fifteen (15) days following the Retirement Date, and your compliance with the provisions of this Agreement and the Release, the Company will cause, then, effective as of the date the Release becomes irrevocable irrevocable: (i) all time-vesting equity awards the Company will pay you a short-term cash incentive award in the amount of the short-term cash incentive awarded for your performance during fiscal year 2019, pro-rated for your service during fiscal year 2020, which amount is $177,500; and (ii) the Company that you hold as of your Retirement Date will cause the incentive stock options, stock-settled stock appreciation rights and one-year total shareholder return performance shares identified on Exhibit B to become fully vested, and (ii) all gold equivalent ounce and total shareholder return performance-vesting equity awards of the Company that you hold as of your Retirement Date to remain eligible to vest based on the attainment of applicable performance criteria through June 30, 2021 and, to the extent such awards vest, to be delivered without proration for service within sixty (60) days of the satisfaction of the applicable performance criteria. Any performance-vesting equity awards which do not vest pursuant to (ii) shall be forfeited as of June 30, 2021. You acknowledge and agree that as a result of the foregoing, your outstanding equity awards will be treated as set forth on Exhibit B. vested. (e) You acknowledge and agree that you have no right to receive any compensation, payments or benefits from the Company, other than as expressly set forth in Section 1 of this Agreement. View More
Retirement Date. The Executive will retire effective on the close of business on January 2, 2023 (the "Retirement Date"), thus his employment under the Employment Agreement shall terminate at such time, unless such employment is earlier terminated pursuant to Section 4 of the Employment Agreement. During the Executive's continued employment with the Company prior to the Retirement Date, in addition to the Executive's duties as Chief Financial Officer of the Company, the Executive will assist in the transition of... the Chief Financial Officer position of the Company to his successor.View More
Retirement Date. The Executive will retire effective on the close of business on January 2, 2023 March 1, 2019 (the "Retirement Date"), Date") and, thus his employment under the Employment Agreement shall terminate at on such time, Retirement Date (the "Retirement Date"), unless such employment is earlier terminated pursuant to Section 4 of the Employment Agreement. During the remaining term of the Executive's continued employment with the Company prior to the Retirement Date, Company, in addition to the Executi...ve's duties as Chief Financial Executive Officer of the Company, the Executive will assist in the transition of the Chief Financial Executive Officer position of the Company to his successor. View More
Retirement Date. The parties agree that Employee shall retire from employment with the Company effective December January 31, 2014 (the "Retirement Date").
