Define: Qualified Retirement

What does "Qualified Retirement" mean? The meaning differs based on the contract. We found 2 definitions across 2 companies in SEC filings.

Definition 1 (Autodesk, Inc., seen in 1 filing)

Qualified Retirement means a Director's retirement from the Board after the retiring Director either (i) has attained 62 years of age and has served on the Board for at least five (5) years, or (ii) has served on the Board for at least ten (10) years.

Source: Autodesk, Inc. 8-K

Definition 2 (AUTOZONE INC, seen in 1 filing)

Qualified Retirement means Participant's Termination of Service (other than by the Company) at or after the date on which the Participant has (i) attained age 55; (ii) completed at least 15 years of service with the Company; (iii) provided at least 12 months prior written notice (or such shorter period as the Administrator may permit) to the Company of Participant's intent to retire; and (iv) continues to be in compliance with, the Restrictive Covenant.

Source: AUTOZONE INC 10-K

Data extracted from 2 SEC EDGAR filings across 2 companies. Source: Material contracts (Exhibit 10) filed under Regulation S-K.

This page presents definitions found in actual SEC filings for informational purposes. The specific definition appropriate for your contract may vary based on jurisdiction, industry, and specific circumstances. Consult with a qualified attorney for legal advice.

Occurrences: 2
Companies: 2
Keywords:
Qualified Retirementdefinitioncontract languagelegal termSEC filing

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