Mutual Termination of Employment. If the Executive's employment shall terminate due to the mutual written agreement of the parties, the Company shall pay the Executive an amount in cash equal to the sum of (1) his Annual Base Salary plus an Annual Bonus equal to 100% of his Annual Base Salary and (2)
Mutual Termination of Employment. (A) The Parties agree that the employment of Xxxxxxx will terminate by mutual agreement on March 14, 2003 (the “Employment Termination Date”);
Mutual Termination of Employment. The Parties agree that the Executive’s employment by the Company and the Executive’s position as Senior Executive Vice President and Chief Financial Officer with the Company will terminate or has terminated by mutual agreement effective August 31, 2024 (the “Employment Separation Date”), and the Employment Agreement will terminate or has terminated as of the Employment Separation Date. The Company will pay to the Executive any earned, unpaid base salary through the Employment Separation Date (such earned, unpaid base salary will be referred to as the “Final Wages”), and the Company will pay any Final Wages on the Company’s next regular payroll date after the Employment Separation Date. The Executive acknowledges and agrees that, except for the Final Wages, the Company has paid the Executive all salary, wages, and other compensation to which the Executive is entitled in connection with the Executive’s employment with the Company, except as specifically provided in this Agreement. The Executive acknowledges and agrees he is not entitled to any additional compensation, including, but not limited to, salary, commissions, wages, bonuses, vacation/paid time off (“PTO”) pay, expense reimbursements, or any other amount from the Company. Except for any applicable rights under the Consolidated Omnibus Budget Reconciliation Act of 1985 (“COBRA”), or as otherwise may be expressly provided in any applicable employee benefit plans of the Company, the Executive’s eligibility to participate in all such plans, and/or the Executive’s right to receive all employee benefits under such plans terminated as of the Employment Separation Date. The Executive and the Company acknowledge and agree that, as of the Employment Separation Date, the Executive will also be deemed to have ended all other positions that the Executive holds as an employee, officer, director, member of a committee, or otherwise of any company or entity in the Company Group, including, but not limited to, his position as an officer and director of the Indiana Old National Insurance Company. The Executive agrees to execute any documents required by the Company to effectuate his cessation of such roles, including the resignation attached hereto as Exhibit A.
Mutual Termination of Employment. The Parties have mutually decided to separate and terminate their relationship effective as of September 15, 2017 the “Effective Date”. Xxxxxxx shall take no further action on behalf of Patriot and confirms that he has been paid for all wages or other sums due to him through and including the Separation Date in accordance with Patriot’s usual payroll practices and as required by law. The Parties agree that Xxxxxxx’ separation from Patriot is due to a voluntary resignation by Xxxxxxx, such separation shall be considered amicable, and there is no disagreement between Xxxxxxx and Patriot on any matter related to Patriot’s financial condition or financial reporting.
Mutual Termination of Employment. The parties agree that effective immediately, Russell's employment with ISS shall terminate, and that there is no xxxxxx xx employment relationship between ISS and Russell.
