Employment Resignation Sample Clauses

Employment Resignation. (a) The Parties have mutually agreed to end Xx. Xxxxxxxxx’x employment relationship with BNC and with all subsidiaries and affiliates of BNC effective June 16, 2008 (the “Severance Date”). Effective as of the Severance Date Xx. Xxxxxxxxx hereby resigns (x) as Chief Administrative Officer and Executive Vice President of BNC Bancorp and Bank of North Carolina and (y) any and all other positions he may hold with BNC Bancorp, Bank of North Carolina, or any of their subsidiaries or affiliates. Xx. Xxxxxxxxx shall have no authority to enter into agreements or otherwise bind BNC, Bank of North Carolina, or any of their subsidiaries or affiliates after the Severance Date. As part of the amicable resolution of the employment relationship between the Parties, Xx. Xxxxxxxxx acknowledges that he does not and will not seek reinstatement, future employment, or return to active employee status with BNC or its corporate affiliates, subsidiaries, successors, or assigns. Xx. Xxxxxxxxx further acknowledges that BNC shall not be under any obligation whatsoever to consider him for reinstatement, employment, re-employment or other similar status at any time. Xx. Xxxxxxxxx further agrees that no BNC Releasee (as defined in section 3.1) shall be liable for any damages now or in the future because it refuses for any reason whatsoever to employ Xx. Xxxxxxxxx. The provisions set forth in this section may be waived or modified solely by a writing that expressly references this section and that is signed by the Parties.
Sample 1
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Employment Resignation. Although you have resigned your employment with the Company effective January 31, 2002 (the "Separation Date"), until then you will be on a paid leave of absence, and, except as specified in this Agreement, you will not be authorized to work or represent the Company in any manner beginning November 29, 2001. You and the Company agree that each will notify third parties (including prospective employers) that your employment was terminated due to your resignation. In addition, we agree that your employment termination will be deemed a "Constructive Termination" for the purposes of the Intrabiotics Pharmaceuticals, Inc. Senior Executive Severance Benefit Plan (the "Severance Plan"), a copy of which is attached hereto as Exhibit A, and the 2001 Officer Incentive Bonus Plan (the "Bonus Plan"), a copy of which is attached hereto as Exhibit B.
Sample 1
Employment Resignation. In exchange for the payments set forth in Section 2 below, Xxxxx agrees to submit his written notice of resignation, effective on the date he receives the payments referenced in this agreement (the “Termination Date”). The resignation letter shall be addressed to Xxxx Xxxx, Sibling Group Holdings, Inc., 000 Xxxxxx Xxxxxx, Suite 205, Durham, North Carolina 27701, and shall state: “Effective immediately, I hereby voluntarily resign from any and all employment, officer and director positions with Sibling Group Holdings, Inc. and Urban Planet Media and Entertainment Corp.” The resignation letter shall be signed by Xxxxx XxxxxxXxxxx and held in trust by his attorney (and his attorney shall certify in writing that he possesses such resignation letter) and such letter shall be emailed by Brian’s attorney to xxxxx@xxxxxxxxxxxxxxxxx.xxx. Xxxxx acknowledges that all rights and privileges pertaining to his employment with Employer will cease on the Termination Date, except as set forth in this Agreement.
Sample 1
Employment Resignation. 1. The Parties agree that Cossano voluntarily resigned from his employment with Finet.
Sample 1
Employment Resignation. Employment Resignation must be given in written before last day of work, final paycheck will not be delivered until the written resignation form is handled in to immediate supervisor and 6 days prior to current payroll. Check may be retained until all proper deductions are made and formal termination has been received by either party.All notices required in this contract shall be given in writing Except Termination for Cause that may be delivered in any method.
Sample 1
Employment Resignation 
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Related to Employment Resignation

  • Resignation of Employment The Executive confirms his/her resignation of his/her employment and of his/her position as an officer of the Company effective (the “Resignation Date”). The parties hereby acknowledge and agree that the Executive’s resignation of employment constitutes a “separation from service” from the Company within the meaning of Section 409A(a)(2)(A)(i) of the Internal Revenue Code of 1986, as amended (the “Code”), and Treasury Regulation Section 1.409A-1(h) (a “Separation from Service”). As of the Resignation Date, the Employment Agreement shall automatically terminate and be of no further force and effect, and neither the Company nor the Executive shall have any further obligations thereunder, except as expressly provided herein. Notwithstanding the foregoing, the Company shall be obligated to Executive for severance payments and continuation of benefits as contemplated by Section 7 of the Employment Agreement and as set forth in Section 3 below.

  • Termination for Cause or Resignation In the event Employee is terminated by Employer for Cause or Employee resigns (other than a Termination by Employee for Good Reason), neither Employer nor any affiliate shall have any further obligation to Employee under this Agreement or otherwise, except for payment to Employee of any and all accrued salary and bonuses, provision of COBRA health care continuation and otherwise as may be expressly required by law.

  • Termination for Cause; Resignation If Executive’s employment terminates due to a Termination for Cause (as defined below) or a Resignation (as defined below), Base Salary earned but unpaid as of the date of such termination will be paid to Executive in a lump sum and the Company will have no further obligations to Executive hereunder. In the event any termination of Executive’s employment for any reason, Executive if so requested by the Company agrees to assist in the orderly transfer of authority and responsibility to Executive’s successor.

  • Termination Without Cause; Resignation for Good Reason (i) The Company may terminate Executive’s employment with the Company at any time without Cause (as defined below). Further, Executive may resign at any time for Good Reason (as defined below).

  • Termination Without Cause or Resignation for Good Reason If (1) Company terminates Employee’s employment during the Initial Term other than (a) due to Employee’s death or Disability or (b) for Cause (as defined below); or (2) if Employee resigns from Employee’s employment for Good Reason (as defined below) during the Initial Term, Employee shall receive the Accrued Amounts on the Date of Termination and, in addition, subject to the Severance Conditions below, (i) Company shall provide a severance payment equal to three (3) months of Employee’s salary as of the Date of Termination (the “Severance Payment”), divided and paid in equal installments over a period of three (3) months in accordance with Company’s regular payroll practices starting on the first regular payday occurring after the effective date of the Release (as defined below), and (ii) the Company will reimburse Employee for COBRA premiums (at the coverage levels and at the Company-paid rate in effect immediately prior to such termination) for Employee and Employee’s covered dependents until the earliest of (A) the date that is three (3) months following the Date of Termination, (B) the date that Employee (or Employee’s spouse or dependents, as applicable) are no longer eligible for COBRA coverage or (C) the date when Employee receives substantially equivalent health insurance coverage in connection with new employment (the “COBRA Benefit”). Company’s obligation to pay Employee the Severance Payment and COBRA Benefit shall be conditioned on Employee’s satisfaction of the following (the “Severance Conditions”): (1) Employee must first sign, and allow to become effective, a Company-approved separation agreement, which shall include a full general release in a form acceptable to Company, releasing all claims, known or unknown, that Employee may have against Company arising out of or any way related to Employee’s employment or termination of employment with Company (the “Release”); and (2) on or before the effective date of the Release, Employee must have (i) reconfirmed Employee’s agreement to abide by all of the surviving provisions of this Agreement and any other agreement between Employee and Company, (ii) agreed to cooperate in the transition of Employee’s employment; and (iii) agreed not to make any voluntary statements, written or oral, or cause or encourage others to make any such statements that defame, disparage, or in any way criticize the personal and/or business reputations, practices, or conduct of the Company or any of its affiliates. All other Company obligations to Employee will be automatically terminated and completely extinguished.

  • Termination of Employment for Cause If Optionee’s employment with the Bancorp or a subsidiary corporation is terminated for cause, this option shall expire thirty (30) days from the date of such termination. Termination for cause shall include, but not be limited to, termination for malfeasance or gross misfeasance in the performance of duties or conviction of a crime involving moral turpitude, and, in any event, the determination of the Board of Directors with respect thereto shall be final and conclusive.

  • Voluntary Resignation; Termination for Cause If Executive’s employment with the Company terminates (i) voluntarily by Executive (other than for Good Reason) or (ii) for Cause by the Company, then Executive will not be entitled to receive severance or other benefits except for those (if any) as may then be established under the Company’s then existing severance and benefits plans and practices or pursuant to other written agreements with the Company.

  • Resignation by Employee The Employee may terminate his employment by giving the Company thirty (30) days' advance notice in writing.

  • Employment Termination This Agreement and the employment of the Executive shall terminate upon the occurrence of any of the following:

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