Leaving Employment Clause Samples

Leaving Employment. 7.1 Unless the Remuneration Committee determines otherwise, and subject to the following sentence, if the Option Holder gives or receives notice of termination of employment (in each case, whether lawfully or unlawfully) or ceases to hold employment within the Group then any part of the Option held by the Option Holder which is not Vested will lapse on the earlier of the date when notice is given and the date when employment ceases. If the Option Holder ceases to hold employment within the Group in circumstances where the Option Holder is a Bad Leaver, the whole of the Option held by the Option Holder, whether Vested or not, will lapse on the date when the employment ceases, unless the Remuneration Committee determines otherwise. 7.2 For the purposes of this Clause 7, the Option Holder shall not be treated as having ceased to hold employment within the Group unless and until the Option Holder no longer holds any office or employment with any member of the Group.

Leaving Employment. Should an employee decide to leave employment (resign, quit, or retire), a minimum of two (2) weeks’ notice in writing must be given to the employee’s Elected Official/Department Head if an employee is to receive payment for accrued vacation and eligible PTO. A copy of the written notice will be forwarded to the Administration Office. Failure to provide two (2) weeks’ notice or employment that is ended due to termination will result in loss of accrued vacation and eligible PTO unless waived by the County Administrator in writing. All exiting employees must return to Newaygo County any County property they may have including keys, equipment, and/or supplies prior to their last working day. Vacation and PTO payouts will be withheld until County property is returned or for a maximum of the pay date following 30 calendar days after the employee’s last working day.

Leaving Employment. When an employee leaves the bargaining unit to accept a position with the College for which the Federation is not the bargaining agent, seniority on List R shall cease to accrue. If such employee later returns to the bargaining unit, all previous seniority shall be reinstated and seniority shall again accrue. For seniority on List S, see 10.30 and 5.20 D.

Leaving Employment. 5.1. The Option shall continue in accordance with the terms of the Agreement if the Executive ceases to be an employee or director of the Klarna Group for any reason but if the Executive dies then the Agreement shall be binding upon the Executive’s estate as well as for any beneficiaries and/or legatees as if such person(s) were the original Executive.

Leaving Employment. 7.1. If the Executive ceases to be an employee or director of the Klarna Group for any reason other than as set out in clauses 7.2 and 7.3 then the Unvested Portion shall lapse on such cessation unless the Committee decides that such Unvested Portion shall continue on the terms of the Agreement. 7.2. If the Executive’s employment with the Klarna Group is terminated due to just cause for dismissal for personal reasons (Sw. saklig ▇▇▇▇▇ för uppsägning p.g.a. personliga skäl) or an immediate dismissal (Sw. avsked) based on the Swedish Employment Protection Act (Sw. lagen (1982:80) om anställningsskydd), or similar circumstances under applicable law then the Option shall immediately lapse in full. 7.3. If the Executive dies, any Unvested Portion of the Option shall Vest on such event unless the Committee decides otherwise and the Option shall be exercisable for a period of one (1) year from the date of death after which it will lapse to the extent unexercised. 7.4. For the purposes of this clause: (a) the date of cessation of employment or office is defined as the Executive’s last day of employment or office unless otherwise agreed by the Parties; (b) the Executive shall not be treated as ceasing to be an employee or director of the Klarna Group until the Executive ceases to be an employee or director of all members of the Klarna Group. 7.5. The Agreement shall be binding upon the Executive’s estate as well as for any beneficiaries and/or legatees as if such person(s) were the original Executive.

Leaving Employment. 8.1 If the Optionholder ceases to hold employment within the Group as a Good Leaver, then the Option shall continue to Vest in accordance with clause 4 and may (subject to clause 8.3 below) be exercised to the extent Vested, provided that the Board may at its discretion impose as a condition of any exercise following the service of notice to terminate employment that the Optionholder shall enter into arrangements satisfactory to the Board to ensure that the Option Shares acquired are offered to the Company or such other person or persons (which shall include the trustees of an employee trust) as the Board nominates, the price payable being the Fair Value of the relevant Option Shares. 8.2 If the Optionholder ceases to hold employment within the Group as a Bad Leaver, then the Option shall lapse to the extent not Vested at the date of cessation. To the extent the Option is Vested at the date of cessation it may (subject to clause 8.3) be exercised within 90 days of cessation provided that the Board may at its discretion impose as a condition of exercise that the Optionholder shall enter into arrangements satisfactory to the Board to ensure that the Option Shares acquired are offered to the Company or such other person or persons (which shall include the trustees of an employee trust) as the Board nominates, the price payable being the Fair Value of the relevant Option Shares. The Option shall lapse to the extent not exercised on the expiry of the 90 day period. 8.3 Notwithstanding clauses 8.2 and 8.3, the Option shall lapse forthwith if the Board acting reasonably determines that the Optionholder has committed misconduct or before or after the cessation commits a material breach of any of the provisions of his employment contract or any settlement agreement entered into with any Member of the Group.

Leaving Employment. Effective after January 1, 2017, employees who have worked 1680 hours or more during any year and who either voluntarily or involuntarily leaves employment with the Authority shall be paid his full vacation entitlement per Section 1. Employees who have worked less than 1680 hours during any year [after completing an initial twelve (12) months as a new employee] and leaves employment with the Authority either voluntarily or involuntarily shall receive vacation entitlement based on the following pro-rata formula: 1. One-twelfth (1/12th) of the vacation entitlement for each month of employment. a. Any employee working beyond the twentieth (20th) day of the month will be counted as working a full month. 2. One-twenty-fourth (1/24th) of the vacation entitlement for each half month of employment. a. Any employee working beyond the eighth (8th) day and through the twentieth (20th) day will be counted as working one-half (1/2) month.

Leaving Employment. If you cease to be an active member of the Wessex Water Mirror Image Pension Scheme and the Wessex Water Executive Pension Scheme then you will be treated for the purposes of this letter as having left employment with Wessex. If you are treated as having left employment, or if you leave employment with Wessex before 1 January 2000 then you will be entitled to a deferred pension payable form 1 January 2000 calculated on the basis set out in column 1 of the attached schedule. The deferred pension will increase in deferment in accordance with deferred pensions payable under the Executive Scheme. However, if you leave employment a) on the grounds of incapacity (as defined in the Executive Scheme) or b) if Wessex decides that there are compassionate grounds for your leaving employment or c) if you are required to retire by Wessex or d) if you are made redundant as a result of the cancellation of the listing of Wessex's securities by the London Stock Exchange or e) if Wessex so decides in any other case you will be entitled to an immediate pension calculated on the basis set out in Column 2 of the attached schedule and based on your Final Pensionable Salary at the date of leaving employment.

Leaving Employment. Any employee requiring leave for sickness or other just cause shall secure such leave from the Superintendent or ▇▇▇▇▇▇▇.