Effect of Separation. 15 An individual having separated from State service and no longer having reinstatement 16 rights shall be required to serve an initial probationary period.
Effect of Separation. An individual who leaves State service other than by layoff or leave of absence and no longer having reinstatement rights shall be required to serve an initial probationary period.
Effect of Separation. As of the Separation Date, you will be paid for all work performed through the Separation Date. Your eligibility to participate in any of the Company’s benefit plans will end as of the Separation Date. You will be provided under separate cover an election form allowing you and your eligible dependents to participate in Company’s health and dental plans under the federal law known as COBRA. If you sign and return the election form in a timely manner, the Company will process enrollment so that you can receive health and dental insurance under COBRA. Even if you do not execute this Agreement, you have the right to continue your insurance under COBRA in accordance with the provisions of COBRA, which will be explained in the election form. Subject to your execution of this Agreement as provided below, Company will provide you with the severance benefits set forth in that certain Severance Agreement, dated as of [DATE], 2013, by and between you and the Company.
Effect of Separation. (a) With respect to periods prior to the consummation of the transactions contemplated by the Separation Agreement, the term “Company” as used herein shall mean FAC.
(b) If the Executive, upon the consummation of the transactions contemplated by the Separation Agreement, is employed by FAF or one of its direct or indirect subsidiaries, then: (i) this Agreement shall automatically, without further action taken by the Executive, FAC and/or FAF, be assumed by FAF, (ii) all references in this Agreement to the “Company” with respect to periods from and after the consummation of the transactions contemplated by the Separation Agreement shall mean FAF and not FAC and (iii) from and after the consummation of the transactions contemplated by the Separation Agreement FAC and its subsidiaries shall have no further obligation or liability to the Executive under this Agreement.
(c) If the Executive, upon consummation from and after the consummation of the transactions contemplated by the Separation Agreement, remains employed by FAC, then: (i) this Agreement shall remain the sole obligation of FAC, (ii) all references in this Agreement to the “Company” with respect to periods from and after the consummation of the transactions contemplated by the Separation Agreement shall mean FAC and not FAF and (iii) from and after the consummation of the transactions contemplated by the Separation Agreement FAF and its subsidiaries shall have no obligation or liability to the Executive under this Agreement.
Effect of Separation a. Employee hereby resigns from, and declines any nomination to stand for appointment or election to, the board of directors of Symbotic Inc. and any and all corporate offices, directorships and positions with Symbotic Inc., Symbotic Holdings LLC, Symbotic LLC, Symbotic Group Holdings ULC and their respective subsidiaries and/or affiliates effective as of the Separation Date. On or immediately following the Separation Date, Employee agrees to sign any documents or taken any others actions requested by the Company from time to time to effect Employee’s resignation as a board member, officer, manager or other representative of the Company.
b. Employee acknowledges and agrees that pursuant to the terms of the Symbotic Inc. 2022 Omnibus Incentive Compensation Plan and the Restricted Stock Unit Award Agreement and the Performance-Based Restricted Stock Unit Award Agreement issued to Employee thereunder, Employee will forfeit, at no value, all restricted stock units and performance-based restricted stock units granted to Employee thereunder on the Separation Date, in connection with the termination of the Employee’s employment with the Company.
Effect of Separation. Any vacation owed to a terminating employee shall be added to the employee’s final pay.
Effect of Separation. (a) With respect to periods prior to the consummation of the transactions contemplated by the Separation Agreement, the term “Company” as used herein shall mean FAC.
(b) Because Executive will be employed both by CoreLogic and FAF or one of their respective direct or indirect subsidiaries, (i) this Agreement shall automatically, without further action taken by Executive, FAC, CoreLogic, and/or FAF, be assumed by and/or remain the obligation of both FAC/CoreLogic and FAF, and (ii) all references in this Agreement to the “Company” with respect to periods from and after the consummation of the transactions contemplated by the Separation Agreement shall mean FAF and/or CoreLogic, as appropriate.
Effect of Separation. Employee acknowledges and agrees that pursuant to the terms of the 2022 Plan and the respective award agreements issued to Employee thereunder, except as set forth on Schedule 1 attached hereto, Employee will forfeit, at no value, all equity awards granted to Employee thereunder that remain unvested on the Separation Date, in connection with the termination of the Employee’s employment with Symbotic.
Effect of Separation. The provisions of this Section 4 shall apply to any separation of the Executive's employment.
a. Except for any right the Executive may have under applicable law to continue to participate in the Company's benefit plan(s) at his cost, and except as otherwise provided herein, following separation of his employment, benefits shall terminate pursuant to the terms of the applicable benefit plans based on the date of separation of the Executive's employment without regard to any other payments to the Executive following such date of separation.
b. Provisions of this Agreement shall survive any separation of employment if so provided herein or if necessary or desirable to accomplish the purposes of another surviving provision, including without limitation the obligations of the Executive under Section 5 hereof. The Executive recognizes that, except as otherwise expressly provided for in Sections 3 hereof, no monies shall be paid to his after separation of employment.
Effect of Separation. Except as expressly provided in Section 8(b)(iii), in no event shall Optionee be entitled to receive any payment pursuant to this Section 8 after, and any rights with respect thereto shall be forfeited upon, the effective date of a separation from employment. For the avoidance of doubt, to the extent the Option has expired or been exercised or forfeited with respect to any Option Shares, no payments shall be made with respect to such Option Shares, and the calculations of the Unpaid Bonus Amount or Maximum Series 2 Bonus Amount, or otherwise related to such Options Shares, required hereunder shall be made without giving effect to any such expiration, exercise or forfeiture prior to the time of such calculation.
