Resignation and Transition Period Sample Clauses

Resignation and Transition Period. The Executive resigns as Executive Vice President and Secretary of the Company and all officer positions Executive holds in any of the Company’s subsidiaries effective on or before June 30, 2016. From July 1, 2016 through December 31, 2016 (the “Transition Period”), Executive will remain an employee of the Company. During the Transition Period, the Company will pay the Executive a semi-monthly amount of $10,729.17 in accordance with the Company’s usual payment practices, and the Executive will remain eligible for health and life insurance coverage on the same terms and conditions (including payment by Executive of her portion of the premiums) as in effect at the Company from time to time.
Sample 1
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Resignation and Transition Period. Employee hereby resigns as the Chief Financial Officer of the Company on September 30, 2005. From October 1, 2005 through December 31, 2005 (the “Initial Transition Period”), subject to the effectiveness of Employee’s release of all claims in substantially the form attached hereto as Exhibit B (as described in Section H below) and Employee’s attendance at one or more meetings prior to October 1, 2005 at a time mutually convenient to the Company and Employee in order to address transitional administrative matters, Employee will serve as an non-officer employee-advisor to the Chief Financial Officer of the Company, with such responsibilities and duties as the Chief Executive Officer or the Chief Financial Officer of the Company shall assign. Employee will be available for up to 40 hours of work per week as needed during normal business hours (defined as 9 AM to 5 PM (Pacific Standard Time) on each Monday through Friday, excluding Company holidays) and when reasonably necessary during non-normal business hours. During the Initial Transition Period, Employee will continue to earn his full base salary at the rate of $27,500 per month (or $330,000 on an annualized basis, the “Base Salary”), paid semi-monthly in accordance with the Company’s normal payroll practices. Employee will continue to receive standard company benefits available to employees, including without limitation, health care insurance, vacation accrual, life insurance, and disability insurance. Employee shall also continue to vest in his stock options and restricted stock during the Initial Transition Period. The Parties agree that set forth at Exhibit A is an accurate summary of Employee’s outstanding options to purchase common stock of the Company and grants of shares of restricted common stock of the Company (such options and grants, the “Equity Awards”). During the Initial Transition Period, Employee will continue to be eligible to participate in the Company’s Corporate Incentive Plan (“CIP”) with a target bonus of 60% of his Base Salary. In addition, Employee will be paid that one-time bonus in the amount of one hundred fifty thousand dollars ($150,000.00) described in the Employment Letter Agreement as soon as administratively reasonable following the Effective Date of this Agreement. Employee will not be eligible to participate in the CIP or other Company bonus program during fiscal year 2006 other than as expressly described herein. From January 1, 2006 through December 31, 2006, (the “Sub...
Sample 1
Resignation and Transition Period. You acknowledge that, effective as of July 2, 2007 (the “Transition Date”), you resigned from your position as Vice President, Finance, and Chief Financial Officer of the Company, and from any other employment-related office or position you held with the Company, with the sole exception that you will continue to serve as an employee of the Company through September 15, 2007 (the “Employment Resignation Date”). Further, you hereby resign your employment with the Company effective as of the Employment Resignation Date; provided however that, the Company can accelerate the Employment Resignation Date in the event that you materially breach this Agreement, the Proprietary Information Agreement (defined in Section 8), or any written Company policy. Your employment with the Company during the period between the Transition Date and the Employment Resignation Date (the “Transition Period”) shall be subject to the following terms and conditions:
Sample 1
Resignation and Transition Period. (a) Effective at a mutually acceptable date no later than 6 weeks following June 26, 2015 (such period hereinafter referred to as the “Transition Period”), you are resigning from all positions that you currently hold with CIFC, including General Counsel, Chief Compliance Officer, Secretary of the Board of Directors and member of CIFC’s Operating Committee. You shall sign any documents that CIFC may reasonably request you to sign to confirm such resignations.
Sample 1
Resignation and Transition Period. Executive confirms his resignation from his position as Executive Vice President and Chief Financial Officer of the Company, effective as of the end of business on March 1, 2014. Notwithstanding the foregoing, and subject to the terms and conditions of this Agreement, the Company hereby agrees to continue Executive’s employment, and Executive hereby accepts continued employment with the Company, for the period (the “Transition Period”) commencing on the Effective Date and continuing until the earlier of (i) September 1, 2015 (the “Resignation Date”), at which time Executive’s employment will terminate due to Executive’s voluntary resignation and without further action by either party, or (ii) the date on which Executive’s employment is terminated for Cause (defined below) or due to Executive’s death. For purposes of this Agreement, “Cause” means if the Company determines in good faith that Executive has (a) engaged in willful and deliberate acts of dishonesty, fraud or unlawful behavior against or at the expense of the Company, which adversely affects the business affairs of the Company; (b) been convicted of, or pleaded nolo contendere, to any felony; or (c) breached or failed to perform any material term(s) or material condition(s) of this Agreement.
Sample 1
Resignation and Transition Period. (a) The Parties agree that, except as set forth in paragraph 10 below, this Agreement supersedes the Offer Letter between Executive and the Company dated December 29, 2020 and is intended to fully and finally resolve all matters or issues relating to Executive’s employment and directorship relationship with and separation from the Company, including, but not limited to, Section 9(e) of the Offer Letter.
Sample 1

Related to Resignation and Transition Period

  • 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.

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

  • 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.

  • Effective Period, Termination and Amendment; Successor Custodian This Agreement shall become effective as of its execution, shall continue in full force and effect until terminated by either party after August 31, 2000 by an instrument in writing delivered or mailed, postage prepaid to the other party, such termination to take effect not sooner than sixty (60) days after the date of such delivery or mailing; PROVIDED, that the Fund may at any time by action of its Board, (i) substitute another bank or trust company for the Custodian by giving notice as described above to the Custodian in the event the Custodian assigns this Agreement to another party without consent of the noninterested Trustees of the Funds, or (ii) immediately terminate this Agreement in the event of the appointment of a conservator or receiver for the Custodian by the Federal Deposit Insurance Corporation or by the Banking Commissioner of The Commonwealth of Massachusetts or upon the happening of a like event at the direction of an appropriate regulatory agency or court of competent jurisdiction. Upon termination of the Agreement, the Fund shall pay to the Custodian such compensation as may be due as of the date of such termination (and shall likewise reimburse the Custodian for its costs, expenses and disbursements). This Agreement may be amended at any time by the written agreement of the parties hereto. If a majority of the non-interested trustees of any of the Funds determines that the performance of the Custodian has been unsatisfactory or adverse to the interests of shareholders of any Fund or Funds or that the terms of the Agreement are no longer consistent with publicly available industry standards, then the Fund or Funds shall give written notice to the Custodian of such determination and the Custodian shall have 60 days to (1) correct such performance to the satisfaction of the non-interested trustees or (2) renegotiate terms which are satisfactory to the non-interested trustees of the Funds. If the conditions of the preceding sentence are not met then the Fund or Funds may terminate this Agreement on sixty (60) days written notice. The Board of the Fund shall, forthwith, upon giving or receiving notice of termination of this Agreement, appoint as successor custodian, a bank or trust company having the qualifications required by the Investment Company Act of 1940 and the Rules thereunder. The Bank, as Custodian, Agent or otherwise, shall, upon termination of the Agreement, deliver to such successor custodian, all securities then held hereunder and all funds or other properties of the Fund deposited with or held by the Bank hereunder and all books of account and records kept by the Bank pursuant to this Agreement, and all documents held by the Bank relative thereto. In the event that no written order designating a successor custodian shall have been delivered to the Bank on or before the date when such termination shall become effective, then the Bank shall not deliver the securities, funds and other properties of the Fund to the Fund but shall have the right to deliver to a bank or trust company doing business in Boston, Massachusetts of its own selection meeting the above required qualifications, all funds, securities and properties of the Fund held by or deposited with the Bank, and all books of account and records kept by the Bank pursuant to this Agreement, and all documents held by the Bank relative thereto. Thereafter such bank or trust company shall be the successor of the Custodian under this Agreement.

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

  • Termination Resignation and Successions 7.1 Final Termination. Unless terminated at an earlier date by mutual agreement of the parties hereto, this Agreement shall terminate upon the first to occur of the following: (a) the last Serviced Appointment is terminated, matured or expired under the terms of the applicable Serviced Corporate Trust Contract and all Trust Assets in respect thereof have been fully distributed, (b) the last Serviced Appointment is Transferred to the applicable Purchaser,

  • 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.

  • Termination Following a Change in Control (a) In the event of the occurrence of a Change in Control, the Executive's employment may be terminated by the Company or a Subsidiary during the Severance Period and the Executive shall be entitled to the benefits provided by Section 4 unless such termination is the result of the occurrence of one or more of the following events:

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