Resignation and Termination of Employment. 12 ARTICLE 16 — EMPLOYEE EVALUATION 13 ARTICLE 17 — VACANT POSITIONS 14
Resignation and Termination of Employment. Educational support professionals who give at least fourteen (14) calendar days notice shall be eligible to be paid for earned but unused vacation. An ESP may elect a lump sum payment for accrued vacation following the fourteen (14) days or may extend the resignation date by the number of their accrued vacation days. An educational support professional who does not give fourteen (14) calendar days notice shall not be paid for earned but unused vacation. An educational support professional who is discharged for just cause, will not be eligible to be paid for earned but unused vacation. In order to be eligible for holiday pay, an employee must work their regularly scheduled work day the day after the holiday unless they are on an approved paid leave.
Resignation and Termination of Employment. S1 and Employee agree that the LDE shall be Employee's last day of employment with S1. Employee hereby resigns from all of his official offices and positions with S1 and each of its subsidiaries and affiliates, including without limitation, his position as Chief Executive Officer of EMEA, effective upon the LDE. Employee shall take no official action on behalf of S1 or any of its subsidiaries or affiliates nor have any authority to bind S1 or any of its subsidiaries or affiliates after the LDE. Employee agrees to execute and deliver to S1 and its subsidiaries and affiliates such documents concerning his resignation and termination as may be reasonably requested by S1 or any of its subsidiaries or affiliates from time to time. S1 shall promptly take all actions necessary to notify any governmental (both domestic and foreign) agencies that Employee no longer serves as an officer, director or other official position of S1 or its subsidiaries and affiliates. S1 shall continue Officers and Directors insurance coverage for Employee with respect to each officer and director position he holds at least until the LDE and, further, until such time as S1 takes the action necessary to remove him from those positions and notifies all government agencies, as set forth above and until such time as he is actually removed from such positions. Employee agrees that he will, on or before the LDE, return to S1 all equipment, supplies, documents and any other material or property belonging to or leased by S1.
Resignation and Termination of Employment. Effective as of July 29, 1999 (the “Resignation Date”), Xxxxxxxxxxx resigns as an officer and effective September 27, 1999, Xxxxxxxxxxx’x employment with the Company is terminated. Xxxxxxxxxxx irrevocably gives up whatever rights he has, if any, to continued employment with the Company except as may be expressly provided herein. The Company accepts Xxxxxxxxxxx’x resignation, and has informed Xxxxxxxxxxx prior to his execution of this Agreement that it will not permit Xxxxxxxxxxx to withdraw his resignation. Xxxxxxxxxxx shall perform no further duties for the Company after July 29, 1999 except such duties as may arise under the terms of this Agreement.
Resignation and Termination of Employment. Effective 12:01 a.m. on January 31, 2009 (the “Separation Date”), Executive’s employment with the Company shall end and he shall resign from all positions he held as an officer of the Company and any entity that controls, is controlled by, or is under common control with the Company (an “Affiliate”). On or before the Separation Date, Executive shall return all property of the Company and its Affiliates, including all Confidential Information (as defined below), in his possession. If Executive discovers, or comes into possession of, any such Confidential Information after the Separation Date, he shall promptly return it to the General Counsel for Energy Future Holdings Corp.
Resignation and Termination of Employment. (a) Employee resigns as an executive employee of the Company, and the Company terminates Employee's employment without cause, effective as of the date hereof (the "EFFECTIVE DATE").
(b) The Company agrees to pay to Employee on the Effective Date, in accordance with the Employment Agreement, a lump sum equal to the Annual Base Salary amount indicated beneath the Employee's signature at the end of this Agreement. Employee and the Company agree that such amount constitutes a compromise settlement for the cancellation before the normal expiration date of the Employment Agreement.
(c) The Company agrees to pay to the Employee on the Effective Date, in accordance with the Employment Agreement, all sums due to Employee under Section 4 of the Employment Agreement, an itemized list of which is attached to this Agreement as EXHIBIT A.
(d) In consideration of the payments made by the Company hereunder, the Employee waives all claims for compensation under the Employment Agreement, including any amounts under Sections 3, 4 and 7 thereof, and agrees that he shall have no further rights thereunder.
(e) Each of the Company and the Employee agrees that the other has performed in full its/his obligations under the Employment Agreement.
(f) The Employee waives any claims under the Workers Adjustment and Retaining Act of 1988 as amended.
Resignation and Termination of Employment. (a) Effective as of the Effective Date, the Executive hereby voluntarily resigns from and terminates his employment with the Company. Each Party hereby acknowledges that, as of the time immediately prior to the Effective Date, the Executive was not, under any applicable law, an employee of any affiliate of the Company; to the extent that, under any applicable law, the Executive is deemed to be an employee of any affiliate of the Company, the Executive hereby voluntarily resigns from and terminates his employment with such affiliate effective as of the Effective Date.
(b) In consideration for the Executive’s voluntary separation from employment as provided in Section 1(a) above and the agreements and covenants of the Executive made herein, the Company shall provide the Executive with the payments and benefits described in Section 2 below, as required under the Service Agreement for an Involuntary Termination not in connection with a Change of Control.
(c) Other than as set forth below, the Executive hereby acknowledges that the payments and benefits provided pursuant to Section 2 below are in full and final satisfaction of every entitlement, right or claim which the Executive might have had in respect of his relationship with the Company and its affiliates, and without limiting the generality of the foregoing, the satisfaction of any entitlements or claims that the Executive may have to salary, bonus, incentives, allowances, all other benefits and compensation, leaves, severance or termination payments and all and any other legal and statutory entitlements, including overtime work allowance, nighttime work allowance, industrial accident compensation, interim severance payment and the severance payment due to transfer to another affiliated company, in respect of or arising from service with the Company. The foregoing is not intended to modify in any way the Executive’s rights with respect to indemnification and insurance coverage, nor to modify in any way the Executive’s entitlement to compensation and benefits already earned up to and including the Effective Date.
Resignation and Termination of Employment. (a) Effective May 21, 2007, you hereby resign your position as Chief Financial Officer of Xxxxxx, as well as your position on any Board of Directors or as an Officer of any Xxxxxx companies. Your at will employment with Xxxxxx will continue, in the capacity of Senior Vice President Corporate Development through at least June 30, 2007 and as long as December 31, 2007 or such other mutually agreeable extension date (the “Date of Termination”), at which time your employment will terminate. Through the Date of Termination, you will continue to receive your current base salary, less applicable withholding taxes and lawful deductions and you shall continue to be eligible to participate in all Xxxxxx retirement, health and welfare benefit plans, including any automobile allowance, medical, prescription, dental, disability, life insurance, accidental death and travel accident insurance plans and programs maintained by Xxxxxx.
(b) You may terminate your employment at any time by notifying me. However, in order to be eligible to receive the consideration set forth herein you may not terminate your employment prior to June 30, 2007. Given your at will status, Xxxxxx may terminate your employment prior to June 30, 2007, prior to December 31, 2007 or any subsequent mutually agreeable extension; however, as long as you have honored your obligations set forth herein you shall be entitled to the consideration set forth below.
(c) In the event you complete your obligations set forth herein and terminate your employment on or after June 30, 2007 Xxxxxx agrees to pay you eighteen months of severance at your current rate of pay minus all applicable and legally required deductions. For purposes of clarification only, current rate of pay does not include auto allowance. Xxxxxx will pay you said severance payments ratably over the eighteen (18) month period following the Date of Termination, in accordance with the Company’s normal payroll practices. Further and subject to the same conditions precedent, Xxxxxx agrees to pay you a pro rata portion of your bonus under the Xxxxxx Management Incentive Compensation Plan (“MICP”), subject to all of its terms and conditions, including without limitation, payment on the same date as other executives. The pro rata portion shall be calculated as the amount you would have been eligible for had you stayed employed under the MICP multiplied by a fraction the numerator of which is the number of months you are employed in 2007 and the denominat...
Resignation and Termination of Employment. Effective as of June 6, 2018 (the “Separation Date”), Executive has stepped down as President and Chief Executive Officer of the Company, and has resigned from all positions that Executive held as an officer, director, committee member, fiduciary or otherwise of the Company and its subsidiaries and affiliates. Executive’s employment with the Company ceased on the Separation Date, and his participation in the Company’s employee benefit plans will cease as of June 30, 2018, and his participation in the Company’s compensation programs ceased as of the Separation Date (except as expressly provided otherwise herein). Executive will be given separate information regarding his right to continue his medical and/or dental coverage under the Company’s group health plan, as required by the Consolidated Omnibus Budget Reconciliation Act of 1985, as amended (“COBRA”).
Resignation and Termination of Employment. Effective as of the date of this Agreement (except as provided in Section 2(a)), Guild’s employment with the Company shall terminate and Guild shall resign from the office of President, Marketing Division, and from all offices and directorships that he holds with any of the Company’s subsidiaries or affiliates. Concurrently with the execution of this Agreement, Guild has delivered to the Company a signed letter of resignation to such effect. Guild shall continue to serve as a director of the Company through the Company’s 2006 Annual Meeting and possibly thereafter, as shall be agreed by the Company and Guild. Guild shall also continue to serve as a Trustee of the Interep Radio Store Stock Growth Plan at the pleasure of the Company’s Board of Directors.
