Resignation and Transition Sample Clauses

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 XxXxxxxxx, and Chief Investment Officer, with respect to Xxxxxxx. 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. 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.
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Resignation and Transition and Separation Agreement ● Providing complete access and full cooperation with Company’s auditors regarding reporting obligations for which the Company believes you may have material information or knowledge. ● You will not hold yourself out as an employee or agent of Company, participate in calls or meetings with employees, current or potential customers, current or potential investors, press or others unless expressly authorized to do so in writing by the Company’s CEO or Chairman of the Board.
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Resignation and Transition and Separation Agreement
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Resignation and Transition. Xxxxxxx 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, Xxxxxxx 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, Xxxxxxx 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 Xxxxxxx’x 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 Xxxxxxx engaged in fraud, misappropriation of funds, or other illegal fiscal practices while SUSD Superintendent.
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Resignation and Transition 
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Related to Resignation and Transition

  • Resignation and Termination of the Escrow Agent The Escrow Agent may resign at any time by giving 30 days’ prior written notice of such resignation to Underwriter and the Company. Upon providing such notice, the Escrow Agent shall have no further obligation hereunder except to hold as depositary the Escrow Funds that it receives until the end of such 30-day period. In such event, the Escrow Agent shall not take any action, other than receiving and depositing Investors checks and wire transfers in accordance with this Agreement, until the Company has designated a banking corporation, trust company, attorney or other person as successor. Upon receipt of such written designation signed by Underwriter and the Company, the Escrow Agent shall promptly deliver the Escrow Funds to such successor and shall thereafter have no further obligations hereunder. If such instructions are not received within 30 days following the effective date of such resignation, then the Escrow Agent may deposit the Escrow Funds held by it pursuant to this Agreement with a clerk of a court of competent jurisdiction pending the appointment of a successor. In either case provided for in this Section, the Escrow Agent shall be relieved of all further obligations and released from all liability thereafter arising with respect to the Escrow Funds.

  • 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.

  • Termination and Resignation of Agent (a) The Agent may be terminated at any time upon ten (10) days prior written notice from the Lead Securitization Note Holder. In the event that the Agent is terminated pursuant to this Section 30, all of its rights and obligations under this Agreement shall be terminated, other than any rights or obligations that accrued prior to the date of such termination.

  • Resignation of the Escrow Agent The Escrow Agent may resign and be discharged from its duties hereunder at any time by giving thirty (30) calendar days’ prior written notice of such resignation to the Company. The Company may remove the Escrow Agent at any time by giving thirty (30) calendar days’ prior written notice to the Escrow Agent. Upon such notice, a successor escrow agent shall be appointed by the Company who shall provide written notice of such to the resigning the Escrow Agent. Such successor escrow agent shall become the escrow agent hereunder upon the resignation or removal date specified in such notice. If the Company is unable to agree upon a successor escrow agent within thirty (30) days after such notice, the Escrow Agent may, in its sole discretion, deliver the Escrow Property to the Company at the address provided herein or may apply to a court of competent jurisdiction for the appointment of a successor escrow agent or for other appropriate relief. The costs and expenses (including its attorneys’ fees and expenses) incurred by the Escrow Agent in connection with such proceeding shall be paid by the Company. Upon receipt of the identity of the successor escrow agent, the Escrow Agent shall deliver the Escrow Property then held hereunder to the successor Escrow Agent, less the Escrow Agent’s fees, costs and expenses or other obligations owed to the Escrow Agent to be paid from any interest earned in respect of the Escrow Property, or hold any interest earned in respect of the Escrow Property (or any portion thereof), pending distribution, until all such fees, costs and expenses or other obligations are paid. Upon its resignation and delivery of the Escrow Property as set forth in this Section 9, the Escrow Agent shall be discharged of and from any and all further obligations arising in connection with the Escrow Property or this Agreement.

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

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