Resignation and Separation. The Parties acknowledge and agree that, effective as of August 14, 2018 (the “Effective Date”), Employee has irrevocably resigned from: (i) all positions as an officer of the Company or any of its affiliates, (ii) the board of directors of the Company or any of its affiliates, and (iii) from the board of directors (or similar governing body) of any corporation, limited liability entity, unlimited liability entity, or other entity in which the Company or any of its affiliates holds an equity interest and with respect to which board of directors (or similar governing body) Employee serves as the Company or such Company affiliate’s designee or other representative immediately prior to the Effective Date. The Parties agree that Employee’s employment with the Company will end as of 11:59 p.m. Houston, Texas time on September 13, 2018 (the “Separation Date”). Notwithstanding the foregoing, Employee’s employment shall automatically end prior to the Separation Date upon Employee’s death. Between the Effective Date and the Separation Date, Employee will work diligently and to the best of his abilities to assist the Company with the transition of his duties and perform those services as may be reasonably requested by the Company from time to time.
Resignation and Separation. The employment relationship between Employee and the Company shall terminate on August 26, 2008 (the “Separation Date”). Employee will be paid (a) Employee’s pro rata bi-weekly salary through the Separation Date, less applicable withholding taxes and deductions, (b) reimbursement for any expenses incurred in the ordinary course of business and in accordance with the Company’s business expense reimbursement policy, and (c) pro rata vacation earned but not yet taken through the Separation Date, less applicable withholding taxes and deductions (as summarized below): Vacation, on a pro rata basis, as of August 26, 2008: Total Gross Vacation Days: 13 Vacation Days Paid in the Current Year: 14 Net Vacation Days Accrued (but not taken) at Separation Date: 0 Employee’s medical and health benefits shall continue through the end of the calendar month during which the Separation Date occurs (i.e., August 26, 2008).
Resignation and Separation. Executive resigns from his position as Senior Vice President, Technology, effective at the close of business on October 7, 1997 (the "Resignation Date"). From and after his Resignation Date, Executive will continue to render services to the Company on a full-time basis though and including October 31, 1997. Executive shall remain in the employment of the Company through and including November 30, 1997, after which Executive resigns from employment with the Company. During the period from the date hereof through November 30, 1997 (the "Transition Period"), Executive shall continue to be compensated at his current base salary payable at regular payroll intervals. Executive's employment with Company shall terminate at 6:00 o'clock P.M. on the last day of the Transition Period (the "Termination Date"). In the event Executive has any accrued vacation remaining unused as of the Termination Date, he shall receive payment in lieu of such vacation. The Company agrees to pay to Xxxxx and Associates, for Executive's benefit, a one-time placement service fee of $500.00.
Resignation and Separation. The employment relationship between Employee and the Company shall terminate on August 26, 2008 (the “Separation Date”). Employee will be paid (a) Employee’s pro rata bi-weekly salary through the Separation Date, less applicable withholding taxes and deductions, (b) reimbursement for any expenses incurred in the ordinary course of business and in accordance with the Company’s business expense reimbursement policy, and (c) pro rata vacation earned but not yet taken through the Separation Date, less applicable withholding taxes and deductions (as summarized below): Vacation, on a pro rata basis, as of August 26, 2008: Total Gross Vacation Days: 13 Vacation Days Paid in the Current Year: 7 Net Vacation Days Accrued (but not taken) at Separation Date: 6 Employee’s medical and health benefits shall continue through the end of the calendar month during which the Separate Date occurs (i.e., August 26, 2008). As set forth in paragraph 7 (relocation assistance) of Employee’s offer letter dated May 10, 2006, the Company agreed to reimburse Employee in accordance with the Company’s Relocation Policy for reimbursable relocation expenses incurred by Employee in connection with Employee’s employment by the Company and subsequent move to the Chicago, Illinois area. At Employee’s request, on or about June 1, 2008, the Company agreed to extend the date to December 31, 2008 for reimbursement of such reimbursable relocation expenses. As of the Separation Date, Employee has not yet submitted, and the Company has not yet reimbursed Employee, for such relocation expenses. After the Separation Date, the Company agrees to reimburse Employee for reimbursable relocation expenses for: (i) the actual moving expenses and actual closing costs incurred by Employee for the sale of Employee’s home in Connecticut in connection with Employee’s employment by the Company and resulting move to the Chicago, Illinois area and (ii) the actual closing costs incurred by Employee for the purchase of Employee’s new home in the Chicago, Illinois area, provided that Employee submits receipts, closing documents and other documentation reasonably acceptable under the Company’s Relocation Policy evidencing such reimbursable relocation expenses and provided further that Employee submits such reimbursement request within thirty (30) days (i.e., on or before but not later than September 25, 2008) after the Separation Date.
Resignation and Separation. The employment relationship between Employee and the Company shall terminate on August 8, 2007 (the “Separation Date”). In addition to Employee’s pro rata bi-weekly salary, less applicable withholding taxes and deductions, to be paid to Employee through the Separation Date, payment for vacation earned through the Separation Date (based upon an accrual rate of 1.25 days per full month), less applicable withholding taxes and deductions, and reimbursement for any expenses incurred in the ordinary course of business and in accordance with the Company’s business expense reimbursement policy, the Company agrees to pay to Employee severance as set forth in Section 2 below.
Resignation and Separation. By mutual agreement of Employee and the Company, the employment relationship between Employee and the Company shall terminate on October 17, 2007 (the “Separation Date”). In addition to Employee’s pro rata bi-weekly salary, less applicable withholding taxes and deductions, to be paid to Employee through the Separation Date, payment for pro rata vacation earned through the Separation Date, less applicable withholding taxes and deductions, and reimbursement for any expenses incurred in the ordinary course of business and in accordance with the Company’s business expense reimbursement policy, the Company agrees to pay to Employee severance as set forth in Section 2 below. Employee’s medical and health benefits have been paid and shall continue through October 31, 2007. On a pro rata basis, as of October 17, 2007: Total Gross Accrued Vacation Days: 16 days Vacation Days Paid in 2007: 5 days Net Vacation Due at Separation: 11 days
Resignation and Separation. Executive hereby resigns as an employee and officer of the Company, effective as of the Separation Date.
Resignation and Separation. 1.1 Consequent to the voluntary resignation by the Executive Director as notified by the Executive Director to the Company, the Executive Director Agreement shall stand terminated effective from the Resignation Date (as defined below). The Executive Director hereby confirms, acknowledges and undertakes that he has intimated the Board of Directors of the Company of his intention to resign from his position as Executive Director/ Whole Time Director/ Chief Executive Officer of the Company effective November 9, 2016 (hereinafter referred to as “Board Resignation Date”). The Executive Director shall, immediately upon the Resignation Date, resign and step down from his position as executive director of the Company and from all directorships and officer positions held in the Company, any parent company, subsidiaries and associated companies of the Company.
1.2 The Executive Director Agreement will terminate in its entirety on the Resignation Date.
1.3 Notwithstanding anything contained in Clauses 1.1 and 1.2 hereinabove, the Executive Director shall continue to be an employee (but not an officer) of the Company until March 31, 2017 (the “Employment Cessation Date”) for the purposes of handover and effective transition of roles and responsibilities in favour of such person as may be nominated by the Company. On the Employment Cessation Date, the Executive Director shall cease to hold any employment or offices in the Company and in any subsidiaries and associated companies of the Company.
Resignation and Separation. The Parties acknowledge and agree that, effective as of September 1, 2021 (the “Separation Date”), Employee has irrevocably resigned without Good Reason (as defined in the Employment Agreement) from: (i) all positions as an officer of the Company and any of its subsidiaries and affiliates, (ii) the Board of Directors of the Company and any of its subsidiaries and affiliates, and (iii) from the Board of Directors (or similar governing body) of any corporation, limited liability entity, unlimited liability entity, or other entity in which the Company or any of its subsidiaries or affiliates holds an equity interest and with respect to which Board of Directors (or similar governing body) Employee serves as the Company or such Company affiliate’s designee or other representative immediately prior to the Separation Date. Regardless of whether Employee signs this Agreement, Employee’s employment with the Company ceased as of Separation Date. Employee shall receive all wages earned through the Separation Date to which he is entitled pursuant to the terms of the Employment Agreement. This Agreement shall be effective on the date immediately following the expiration of the Release Revocation Period (as defined below), provided that Employee does not exercise his revocation right pursuant to Section 16 (“Effective Date”).
Resignation and Separation
