Resignation and Transition Sample Clauses

The Resignation and Transition clause outlines the procedures and obligations when an employee voluntarily leaves their position. It typically specifies the required notice period, the process for handing over responsibilities, and the return of company property. This clause ensures a smooth transition by minimizing disruption to business operations and clarifying expectations for both the departing employee and the employer.
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Resignation and Transition. In connection with the arrangements set forth in this Agreement, and the Executives’ election to enter into this Agreement, each of the Executives shall resign from the Filing Entities (such resignation shall be from all positions, whether as Board or committee member, employee, officer, executive, or otherwise), with such resignations to be effective as of the later of the following two dates (such later date, the “Resignation Date”): (a) the date that provisional (or appropriate) regulatory approval is obtained for the appointment of a replacement Chief Executive Officer for the Filing Entities or (b) the date the Filing Entities commence the solicitation of acceptances or rejections on the Plan. Notwithstanding anything herein to the contrary, despite the occurrence of the Resignation Date, the Executives will remain in their current positions with Revel Group, LLC and Revel Development Group LLC; specifically, Chief Executive Officer, with respect to ▇▇▇▇▇▇▇▇▇, and Chief Investment Officer, with respect to ▇▇▇▇▇▇▇. Upon the occurrence of the Resignation Date, the Filing Entities shall obtain replacement personnel to fill the roles previously performed by the Executives.
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Resignation and Transition. Employee hereby tenders his resignation as Chief Financial Officer of Natus Medical Inc. (the Company) effective August 31, 2002 (the Termination Date), under the terms and conditions in this agreement. Upon execution of this agreement, the transition period (the Transition Period) shall commence, which will terminate August 31, 2002. Employee will remain as Chief Financial Officer of the Company for as long as the Company deems fit, but in no event after the Termination Date. The Company will inform Employee of the date on which it wishes Employee to step down as CFO, at its convenience, at which time and in exchange for consideration detailed hereunder, including continuation of salary and benefits through the Termination Date, the Employee will resign as the Chief Financial Officer, and as a Director of Company’s Subsidiaries, (collectively “CFO”). If Employee ceases to serve as CFO prior to the Termination Date, it will not terminate the Employee’s employment during the Transition Period, but such resignation as CFO will terminate his status as an officer and manager of the Company. During the Transition Period and subsequent to resigning as CFO, Employee will no longer be an officer within the Company, and will become a regular staff employee reporting to the President of the Company or to the President’s designee. Employee will devote 100% of his time to the Company during April and May 2002; thereafter during June and July 2002 Employee will devote 60% (nominally three days per five day week) of his time to the Company; during August 2002 until the Termination Date, Employee shall be given a leave of absence and shall not be required to attend the Company. During the Transition Period, the Company may hold Employee on either active or paid leave of absence status, as the Company may, at its option, determine and inform Employee by written notice. If Employee is on active status during the Transition Period, Employee will perform his duties as CFO, including, but not limited to: • Assist the Company in finding and hiring a replacement Chief Financial Officer (hereinafter New CFO), • Acquaint the New CFO with the systems and operation of the Finance and Administrative Departments, • Assist in the transition of staff to New CFO, • Introduce New CFO to the investment community and provide New CFO with contact lists, • Assist in the completion of the BaaN V implementation, • When requested to do so by the Company, promptly resign as Chief Financial Offic...
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Resignation and Transition. ▇▇▇▇▇▇▇ hereby irrevocably resigns from SUSD effective June 30, 2022, the Board hereby accepts his resignation, and the Superintendent Employment Agreement dated May 2021 is hereby terminated. For a 12-month period, from July 1, 2022 through June 30, 2023, ▇▇▇▇▇▇▇ will serve as Superintendent Emeritus, reporting directly to the Board, providing transition assistance to SUSD, with duties to be assigned by the Board President. As Superintendent Emeritus, ▇▇▇▇▇▇▇ shall receive the same salary and benefits that he received as Superintendent, except without a travel stipend and without vacation days. The Board may terminate ▇▇▇▇▇▇▇’▇ employment as Superintendent Emeritus if the Board determines, through an independent audit or investigation, that he violated Section 7 of this Agreement, or, consistent with Government Code Section 53260(b)(1), if the Board believes, and subsequently confirms pursuant to an independent audit or investigation, that ▇▇▇▇▇▇▇ engaged in fraud, misappropriation of funds, or other illegal fiscal practices while SUSD Superintendent.
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Resignation and Transition and Separation Agreement
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Resignation and Transition. 1.1. Effective on September 30, 2008 (the “Resignation Date”), Executive hereby resigns (i) as an employee of the Company and as its Chief Executive Officer, and (ii) from all other positions Executive currently holds as an employee and officer of the Company or any of its subsidiaries. 1.2. For the period commencing on the Resignation Date and ending on September 30, 2012 (the “Transition Period”), Executive will remain available to the Company, when and as reasonably requested by the Board or the Company’s Chief Executive Officer, to assist in the transition of Executive’s duties to his successor, and will make himself available to the executive management of the Company with respect to strategic planning, corporate development and other matters as reasonably requested by the Board or the Company’s Chief Executive Officer. The Company will exercise reasonable efforts to schedule the time and place for the performance of such advisory services pursuant to this Section 1.2 so as to not unduly interfere with the Executive’s personal and other professional and employment obligations.
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Resignation and Transition 
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Related to Resignation and Transition

  • Resignation and Termination An Authenticating Agent may resign by notifying the Indenture Trustee and the Owner Trustee. The Indenture Trustee may terminate the agency of an Authenticating Agent by notifying the Authenticating Agent and the Owner Trustee.

  • Resignation and Retirement Any Trustee may resign his trust or retire as a Trustee, by written instrument signed by him and delivered to the other Trustees or to any officer of the Trust, and such resignation or retirement shall take effect upon such delivery or upon such later date as is specified in such instrument.

  • Resignation and Cooperation Upon termination of Executive’s employment, Executive shall be deemed to have resigned from all offices and directorships then held with the Company. Following any termination of employment, Executive shall cooperate with the Company in the winding up of pending work on behalf of the Company and the orderly transfer of work to other employees. Executive shall also cooperate with the Company in the defense of any action brought by any third party against the Company that relates to Executive’s employment by the Company.

  • Termination and Resignation Your services as a Director may be terminated for any or no reason by the determination of the Board. You may also terminate your services as a Director for any or no reason by delivering your written notice of resignation to the Company (“Resignation”), and such Resignation shall be effective upon the time specified therein or, if no time is specified, upon receipt of the notice of resignation by the Company. Upon the effective date of the termination or Resignation, your right to compensation hereunder will terminate subject to the Company's obligations to pay you any compensation that you have already earned and to reimburse you for approved expenses already incurred in connection with your performance of your Duties as of the effective date of such termination or Resignation.

  • Resignation of NCPS NCPS may resign and be discharged from the performance of its duties hereunder at any time by giving fifteen (15) business days prior written notice to the Broker and the Issuer specifying a date when such resignation shall take effect. Upon any such notice of resignation, the Broker and Issuer jointly shall appoint a successor NCPS hereunder prior to the effective date of such resignation. The retiring NCPS shall transmit all records pertaining to the Escrow Funds and shall pay all Escrow Funds to the successor NCPS, after making copies of such records as the retiring NCPS deems advisable. After any retiring NCPS’s resignation, the provisions of this Escrow Agreement shall inure to its benefit as to any actions taken or omitted to be taken by it while it was escrow agent under this Escrow Agreement. Any corporation or association into which NCPS may be merged or converted or with which it may be consolidated shall be the escrow agent under this Escrow Agreement without further act.