Release from Responsibilities/Termination Sample Clauses

Release from Responsibilities/Termination. I am relieved of my responsibilities to and with Semtech effective _________________ (“Notice Date” or “last date of active employment). Under this Agreement, I will remain an employee of Semtech until _________ (___ weeks) at which time my employment with Semtech will terminate (“Termination Date”).
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Release from Responsibilities/Termination. Your services to Semtech as Vice President Sales & Marketing ceased on January 25, 2007 and your employment with the Company completely terminated effective February 09, 2007 (“Termination Date”).
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Release from Responsibilities/Termination. Employee has been relieved of Employee’s responsibilities to and with Semtech and Employee’s employment with Semtech ended effective July 25, 2012 (“Termination Date”).
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Release from Responsibilities/Termination. Due to the elimination of the position of Chief Operating Officer, you have been relieved of Your responsibilities to and with Semtech effective June 10, 2005 (“Notice Date” or “last date of active employment). Under this Agreement, you will remain an employee of Semtech until Sept 9, 2005 (13 weeks) at which time Your employment with Semtech will terminate (“Termination Date”). Under this agreement, your severance period will be the period of June 11 through Sept 9, 2005. During this period, You will continue to be covered by the medical, dental, life insurance, and other standard benefits as in effect as of Your last day of active employment and you will be subject to the usual withholdings related to these insurances and benefits. During this period, You will continue to accrue vacation in accordance with Semtech’s usual policies and will continue to vest in the Semtech Executive Compensation Plan but You will not be entitled to accrual or pro-ration of any other compensation or benefits, including, bonuses or vesting in stock options.
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Release from Responsibilities/Termination. Your employment with Power-One, Inc. has terminated effective July 31, 2008 (Your “Separation Date”). You confirm that You have been released as an employee of Power-One (and of any other subsidiary or affiliate of Power-One) effective as of Your Separation Date. You confirm that You resigned as an officer, director, employee, member, manager and in any other capacity with Power-One and each of its affiliates effective as of the Separation Date, and that You currently hold no such position with Power-One or any of its affiliates. Power-One confirms that it and each of its affiliates accepted such resignation effective as of the Separation Date.
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Release from Responsibilities/Termination. You have been relieved of Your responsibilities to and with Power-One as Acting Chief Accounting Officer effective July 31, 2006 (Your “Change of Status” date). Under this Agreement, you will remain “on the payroll” until February 14, 2007 at which time Your employment with Power-One will terminate.
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Release from Responsibilities/Termination. In accordance with your agreement with the Board of Directors to end your employment with the Company, you are relieved of Your responsibilities to and with Semtech effective September 27, 2005 (“Notice Date” or “last date of active employment). Under this Agreement, you will remain an employee of Semtech until March 28, 2006 (26 weeks) at which time your employment with Semtech will terminate (“Termination Date”).
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Release from Responsibilities/Termination. Effective as of the date of this letter agreement, Employee has been relieved of Employee’s active duties and responsibilities to and with Semtech as Senior Vice President, Advanced Communications Product Group. Employee’s employment with Semtech will end effective January 1, 2014 (“Termination Date”).
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Related to Release from Responsibilities/Termination

  • Resignation from the Company with Good Reason Executive may resign Executive’s employment with the Company with Good Reason, as defined below.

  • Notification of Servicer Termination Upon any termination of, or appointment of a successor to, the Servicer pursuant to this Article, the Owner Trustee shall give prompt written notice thereof to Certificateholders, and the Indenture Trustee shall give prompt written notice thereof to Noteholders and the Administrator (who shall make such notice available to each Rating Agency pursuant to Section 1.02(c) of the Administration Agreement).

  • Release; Termination (a) Upon any sale, lease, transfer or other disposition of any item of Collateral of any Grantor in accordance with the terms of the Loan Documents (other than sales of Inventory in the ordinary course of business), the Administrative Agent will, at such Grantor’s expense, execute and deliver to such Grantor such documents as such Grantor shall reasonably request to evidence the release of such item of Collateral from the assignment and security interest granted hereby; provided, however, that (i) at the time of such request and such release no Default shall have occurred and be continuing, (ii) such Grantor shall have delivered to the Administrative Agent, at least ten Business Days prior to the date of the proposed release, a written request for release describing the item of Collateral and the terms of the sale, lease, transfer or other disposition in reasonable detail, including, without limitation, the price thereof and any expenses in connection therewith, together with a form of release for execution by the Administrative Agent and a certificate of such Grantor to the effect that the transaction is in compliance with the Loan Documents and as to such other matters as the Administrative Agent may request and (iii) the proceeds of any such sale, lease, transfer or other disposition required to be applied, or any payment to be made in connection therewith, in accordance with Section 2.06 of the Credit Agreement shall, to the extent so required, be paid or made to, or in accordance with the instructions of, the Administrative Agent when and as required under Section 2.06 of the Credit Agreement.

  • Resignation from the Company for Good Reason Executive may resign Executive’s employment with the Company for Good Reason, as defined below.

  • Termination for Cause, or Termination Upon Death, Disability or Resignation from the Company Without Good Reason If Executive’s employment shall terminate as a result of Executive’s death pursuant to Section 3(a)(i) or Disability pursuant to Section 3(a)(ii), pursuant to Section 3(a)(iii) for Cause, or pursuant to Section 3(a)(vi) for Executive’s resignation from the Company without Good Reason, then Executive shall not be entitled to any severance payments or benefits, except as provided in Section 3(c).

  • Resignation from Positions Upon termination of the Executive’s employment with the Company for any reason, the Executive shall, as may be requested by the Company, resign from any position he then holds as an officer, director or fiduciary of the Company or any Company-related entity. In furtherance of the foregoing, the Executive shall execute and deliver to the Company any letters, documents and other instruments necessary or appropriate to effect such resignation.

  • Termination; General The Underwriter may terminate this Agreement by notice to the Fund, at any time at or prior to Closing Time (i) if there has been, since the time of execution of this Agreement or since the respective dates as of which information is given in the Prospectus, any material adverse change in the condition, financial or otherwise, or in the earnings, business affairs or business prospects of the Fund or the Adviser, whether or not arising in the ordinary course of business, or (ii) if there has occurred any material adverse change in the financial markets in the United States or the international financial markets, any outbreak of hostilities or escalation thereof or other calamity or crisis or any change or development involving a prospective change in national or international political, financial or economic conditions, in each case the effect of which is such as to make it, in the judgment of the Underwriter, impracticable to market the Shares or to enforce contracts for the sale of the Shares, or (iii) if trading in any securities of the Fund has been suspended or materially limited by the Commission or the New York Stock Exchange, or if trading generally on the American Stock Exchange or the New York Stock Exchange or in the Nasdaq National Market has been suspended or materially limited, or minimum or maximum prices for trading have been fixed, or maximum ranges for prices for securities have been required, by any of said exchanges or by such system or by order of the Commission, the National Association of Securities Dealers, Inc. or any other governmental authority, or (iv) if a banking moratorium has been declared by either Federal or New York authorities.

  • Waiver; Termination No failure on the part of the Parent to exercise any power, right, privilege or remedy under this Agreement, and no delay on the part of the Parent in exercising any power, right, privilege or remedy under this Agreement, shall operate as a waiver of such power, right, privilege or remedy; and no single or partial exercise of any such power, right, privilege or remedy shall preclude any other or further exercise thereof or of any other power, right, privilege or remedy. The Parent shall not be deemed to have waived any claim arising out of this Agreement, or any power, right, privilege or remedy under this Agreement, unless the waiver of such claim, power, right, privilege or remedy is expressly set forth in a written instrument duly executed and delivered on behalf of the Parent; and any such waiver shall not be applicable or have any effect except in the specific instance in which it is given. If the Merger Agreement is terminated, this Agreement shall thereupon terminate.

  • Termination of 401(k) Plan The Company agrees to terminate its 401(k) plan immediately prior to the Closing, unless Parent, in its sole and absolute discretion, agrees to sponsor and maintain such plan by providing the Company with notice of such election at least five days before the Effective Time.

  • Termination of Services If the Optionee’s services with the Company and all Related Corporations are terminated for any reason (other than death or disability) prior to the Expiration Date, then this Option may be exercised by Optionee, to the extent of the number of Common Shares with respect to which the Optionee could have exercised it on the date of such termination of services, at any time prior to the earlier of (i) the Expiration Date, or (ii) three months after such termination of services. Any part of the Option that was not exercisable immediately before the termination of Optionee’s services shall terminate at that time.

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