Define: Retirement Eligible

What does "Retirement Eligible" mean? The meaning differs based on the contract. We found 3 definitions across 2 companies in SEC filings.

Definition 1 (ADVANCED MICRO DEVICES INC, seen in 1 filing)

Retirement Eligible means with respect to an Eligible Executive, such Eligible Executive either (i) has completed ten (10) Years of Service and is age 60 or older or will be age 60 or older as of the Eligible Executive s Scheduled Retirement Date or (ii) has completed five (5) Years of Service and is age 65 or older or will be age 65 or older as of the Eligible Executive s Scheduled Retirement Date. For this purpose, with respect to an Eligible Executive who is an Acquired Employee, such Eligible Executive will not be Retirement Eligible until such Eligible Executive has completed at least two (2) Years of Service with the Company Group following the date on which such Eligible Executive became an Acquired Employee and otherwise satisfies the other conditions for being Retirement Eligible as set forth in the immediately preceding sentence.

Source: ADVANCED MICRO DEVICES INC 10-Q

Definition 2 (ESTEE LAUDER COMPANIES INC, seen in 1 filing)

Retirement Eligible means if the Participant terminates employment and is at least age fifty-five (55) and has completed at least ten (10) years of service or is at least age sixty-five (65) and has completed at least five (5) years of service.

Source: ESTEE LAUDER COMPANIES INC 10-K

Definition 3 (ESTEE LAUDER COMPANIES INC, seen in 1 filing)

Retirement Eligible means at least age fifty-five (55) and has completed ten (10) years of service or at least age sixty-five (65) and has completed five (5) years of service.

Source: ESTEE LAUDER COMPANIES INC 8-K

Data extracted from 3 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: 3
Companies: 2
Keywords:
Retirement Eligibledefinitioncontract languagelegal termSEC filing

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