EX-10.4
from 10-K
4 pages
Officer Retirement Sponsoring Organization: People Services Purpose This Policy Prepares an Officer for Retirement and Fosters Close Continuing Relations Between the Retired Officer and the Company. Scope This Policy Applies to All Officers (Senior Vice Presidents and Above) of the Company. Policy Retirement for an Officer Implies Meaningful Change in a Relationship and a Career Milestone. to Be Most Effective, the Retirement Process Should Be Characterized by Openness, Honesty, Clarity, and Equitability. Eligibility an Officer May Be Eligible to Retire, With Full Retirement Benefits, if Such Retirement Occurs on or After Either: •seven (7) Years of Service as an Officer and Upon Reaching Age 60; or •ten (10) Years of Service as an Officer and Upon Reaching Age 55; or Special Eligibility Rules for Existing Active Officers as of January 1, 2024
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