Ending of Employment Sample Clauses

Ending of Employment. I acknowledge and agree that my employment with Verso ended on [_________, 20__] (the “End Date”). I confirmed that I resigned, effective as of the End Date, from each and every position (whether as an employee, director, member, manager, or otherwise) I held with Verso and each of its affiliates.

Ending of Employment a. Employee is currently Company’s Chief People Officer and is employed by Company on an “at-will” basis as is set forth in her Offer Letter with Company dated August 12, 2020, as amended by Amendment No. 1 to Offer Letter dated August 17, 2020 and Amendment No. 2 to Offer Letter dated August 17, 2020 (the “Offer Letter”). b. Employee acknowledges and agrees that she will be taking paid time until December 31, 2021, as she has previously announced to the People team and to others at the Company. c. Employee and Company have agreed that Employee’s at-will employment will end effective January 31, 2022, unless Employee sooner resigns or Employee is terminated by Company for Cause on an earlier date. The actual last day of Employee’s employment shall be referred to herein as the “Separation Date.” The time period between January 1, 2022 and the Separation Date shall be the “Notice Period.” d. Effective January 3, 2022, Employee will transition from Chief People Officer to Senior Advisor for People Operations. This transition and Employee’s departure will be announced via Company email on or about January 3, 2022 (the “Announcement”). The Company and Employee will collaborate on the content and timing of the Announcement which will be positive and optimistic and focus on Employee’s decision to move in a different direction professionally while providing information about who at the Company will handle areas of responsibility on a go forward basis. Employee will provide a draft of the Announcement to the Company on or before December 28, 2021 and the final communication will be subject to Company approval. Employee agrees that she will not communicate about her transition or departure from Company with anyone until the Announcement has been distributed, except that Employee may communicate with her tax advisors, attorneys and spouse, provided that she first advises such persons not to reveal information about her departure and each such person agrees. Once the Announcement has been made, Employee agrees any communications regarding her departure will be consistent with the Announcement. e. During the Notice Period, Employee will be available to provide services as requested by Company, including, without limitation, with respect to transitioning her duties, but Employee will not have management or other executive-level responsibilities. Employee agrees to work cooperatively and professionally with Company’s leadership team and her colleagues during the Notice P...

Ending of Employment. In connection with the ending of your employment and regardless of whether you sign this Agreement: (i) the Company shall pay your salary plus any accrued but unused vacation through the Date of Termination; the cash amount of such accrued but unused vacation is $11,569.23 (64 hours) and was paid to you as part of the Company’s September 15th payroll; (ii) the Company shall reimburse you for any outstanding, reasonable business expenses that you incur on the Company’s behalf through the Date of Termination (provided the Company receives appropriate documentation in accordance with the Company’s reimbursement policies); (iii) your eligibility to participate in the Company’s health and dental coverage shall end on September 30, 2017 (provided you shall have an opportunity to continue your health, dental and vision insurance pursuant to the Consolidated Omnibus Budget Reconciliation Act of 1985 (“COBRA”) and subject to Section 4(b)); (iv) your eligibility to participate in any other employee benefit plans and programs of the Company shall cease on the Date of Termination in accordance with the terms and conditions of those plans; and (v) your outstanding equity awards shall vest until the Date of Termination and the terms of your equity awards shall be governed by the Company’s below referenced stock option plan and associated award agreements (without reference to this Agreement). A summary of your equity awards is attached as Exhibit A to this Agreement.

Ending of Employment. (a) If the Executive (i) enters into, does not revoke and complies with this Agreement and (ii) is not terminated by the Company for Cause (as defined in the Employment Agreement), then the Executive shall be employed by the Company through October 4, 2023, or such earlier date as the Executive may elect to terminate his employment (such actual date, the “Date of Termination”), on the following terms: (i) From the date hereof through the date that the New CRO commences employment with the Company, which is anticipated to be July 5, 2023 (such actual date, the “Transition Date”), the Executive shall continue to serve as the Company’s CRO. Effective on the Transition Date, the Executive shall be deemed to have resigned his position as CRO and such resignation shall be deemed a “separation of employment” under the FY24Sales Incentive Plan. Effective from and after the Transition Date and through the Date of Termination, the Executive shall continue to be employed by the Company, serving in such capacity and providing such transition assistance as the Company’s Chief Executive Officer (the “CEO”) or New CRO may reasonably request. (ii) From the date hereof through the Date of Termination, the Executive shall continue to work cooperatively and professionally with the Board and his colleagues and the New CRO, and will (i) be paid his Base Salary, (ii) remain eligible to participate in the Company’s group employee benefit plans, subject to the terms and conditions of those plans, (iii) continue to vest in his outstanding equity awards consistent with the Company’s applicable equity incentive plan(s) and the applicable award agreement(s) (collectively, the “Equity Documents”), and (iv) continue to be entitled to indemnification subject to the terms of the Executive’s Indemnification Agreement with the Company (the “Indemnification Agreement”) and continue to be a covered person under any applicable insurance policy. (iii) The Company shall pay or provide to the Executive (i) any Base Salary earned through the Date of Termination; (ii) unpaid expense reimbursements (subject to, and in accordance with, Section 2(c) of the Employment Agreement); and (iii) any vested benefits the Executive may have under any employee benefit plan of the Company through the Date of Termination, which vested benefits shall be paid and/or provided in accordance with the terms of such employee benefit plans (collectively, the “Accrued Obligations”). The Executive shall also be provided wi...

Ending of Employment. I acknowledge and agree that my employment with the Company will end on the End Date.

Ending of Employment. (a) The Executive’s employment with the Company will end no later than May 31, 2024. If (i) the Executive resigns with the prior written approval of the CEO or (ii) the Company terminates the Executive’s employment without Cause, in either case prior to August 31, 2023, then the Company will continue to pay the Executive his Base Salary on the Company’s regular payroll dates through May 31, 2024, as severance pay, provided that the Company reserves the right to require the Executive to execute a release of claims updating the release of claims set forth in Section 3 below in exchange for receiving such severance pay. (b) If the Executive commences other employment during the Transition Period, the Executive must immediately inform the Company. For the avoidance of doubt, if the Company terminates the Executive’s employment for Cause or the Executive resigns without the CEO’s prior written approval prior to May 31, 2024, then his employment will end, he will cease vesting as of the Retirement Date, he shall be entitled to the Accrued Obligations (as defined below), and he shall have no further rights to any compensation or benefits from the Company or any of its affiliates. (c) Regardless of whether the Retirement Date is on May 31, 2024, or an earlier date, the Executive will cease vesting in his equity awards on the Retirement Date consistent with the terms of the Equity Documents, and the Company shall pay or provide to the Executive (or to the Executive’s authorized representative or estate) (i) any Base Salary earned through the Retirement Date, (ii) unpaid expense reimbursements (subject to, and in accordance with, Section 2(c) of the Employment Agreement), and (iii) any vested benefits the Executive may have under any employee benefit plan of the Company through the Retirement Date, which vested benefits shall be paid and/or provided in accordance with the terms of such employee benefit plans (collectively, the “Accrued Obligations”). The Executive will also be provided with information regarding the Consolidated Omnibus Budget Reconciliation Act of 1985, as amended (“COBRA”) under separate cover. (d) The Parties acknowledge and agree that all notice obligations under Section 4(a) of the Employment Agreement have been satisfied. To the extent applicable, the Executive shall be deemed to have resigned from all officer and board member positions that he holds with the Company or any of its respective subsidiaries or affiliates upon the Retirement Date,...

Ending of Employment. The Executive’s employment with the Company will end on the Date of Termination. To the extent applicable, the Executive shall be deemed to have resigned from all officer and board member positions that the Executive holds with the Company or any of its respective subsidiaries and affiliates upon the Date of Termination. The Executive shall execute any documents in reasonable form as may be requested to confirm or effectuate any such resignations. By entering into this Agreement, the Executive acknowledges and agrees that the payments and benefits set forth in this Agreement are the exclusive payments and benefits to be paid to the Executive in connection with the ending of his employment and that he is not entitled to any other severance pay, benefits or equity rights, including without limitation pursuant to any severance plan, program or arrangement. DOCPROPERTY DOCXDOCID DMS=InterwovenIManage Format=<<NUM>>_<<VER>> PRESERVELOCATION \* MERGEFORMAT 119911237_2

Ending of Employment. (a) The Executive’s employment with the Company will end no later than December 31, 2021. If, in the Company’s reasonable, good faith judgment, the Executive has performed his transitional duties to the Company’s satisfaction prior to December 31, 2021, the Executive’s employment may end prior to December 31, 2021 on a date determined by the Company and the Executive. If the Executive satisfies the Conditions (as defined below), the Company shall pay the Executive the Severance Amount set forth in Section 3 below following the Date of Termination subject to the terms of this Agreement. For the avoidance of doubt, if the Company terminates the Executive’s employment for Cause during the Transition Period or if the Executive fails to satisfy any of the Conditions, then his employment will end DocuSign Envelope ID: 12CF6953-ED27-41F1-8E94-C1A5F8F2DA63

Ending of Employment. In connection with the ending of the Executive’s employment (i) the Company will pay the Executive’s salary through the Termination Date; (ii) the Company shall reimburse the Executive for any outstanding, reasonable business expenses that the Executive’s incurs on the Company’s behalf through the Termination Date (provided the Company receives appropriate documentation in accordance with the Company’s reimbursement policies); (iii) the Executive’s eligibility to participate in any employee benefit plans and programs of the Company will cease on the Termination Date in accordance with the terms and conditions of those plans, subject to COBRA as set forth in Section 6(a).

Ending of Employment. The Executive’s employment with the Company will end on the Date of Termination. During the period between October 22, 2021 and the Date of Termination the Executive shall not perform services or communicate on behalf of the Company without prior authorization from the Company’s Board of Directors (the “Board”). Consistent with the terms of the Employment Agreement, the Executive shall be deemed to have resigned from all officer and director positions that the Executive holds with the Company or any of its respective subsidiaries and affiliates upon the Date of Termination, including as a member of the Board. The Executive shall execute any documents in reasonable form as may be requested to confirm or effectuate any such resignations. By entering into this Agreement, the Executive acknowledges and agrees that the payments and benefits set forth in this Agreement are the exclusive payments and benefits to be paid to the Executive in connection with the ending of his employment and that he is not entitled to any other severance pay, benefits or equity rights, or garden leave pay including without limitation pursuant to any severance plan, program or arrangement.