Resignation as Employee. Tidmarsh hereby resigns his employment as President and as an employee of the Company, effective as of the date hereof. The parties agree and acknowledge that neither Tidmarsh’s resignation as President and as an employee nor any other provision of this Agreement constitutes an Involuntary Termination as defined in the Change of Control Severance Agreement. Tidmarsh’s resignation as President and as an employee does not affect his status as a member of the Board of Directors of the Company.
Resignation as Employee. Between the Transition Date and the Termination Date, Executive will continue as an employee of the Company. On the Termination Date, Executive will be deemed to have resigned voluntarily as an employee of the Company and, if applicable, of any of its subsidiaries, without any further required action by Executive; provided, however, that, if the Company requests, Executive will execute any documents necessary to reflect such resignations.
Resignation as Employee. Effective as of December 31, 1999, Mr. Xxxxx xxxeby resigns as an employee and officer of the Company (and each of its subsidiaries and affiliates), with the sole exception of the office of Vice Chairman of the Company from which he does not resign.
Resignation as Employee. The Executive hereby voluntarily, unconditionally and irrevocably resigns as an executive officer of Commerce and any of its parents, direct or indirect subsidiaries, affiliates, divisions or related entities (collectively referred to herein as "Commerce and its Related Entities"), effective as of the close of business on December 1, 2005 (the "Resignation Date"). Commerce and the Company accept such resignation.
Resignation as Employee. The Executive has resigned as an officer, employee and member of the Board of Directors of the Company effective March 11, 2015 (the “Resignation Date”) and the Company hereby accepts such resignation. Executive agrees to resign from the Boards of Directors of the Company’s subsidiaries, ACADIA Pharmaceuticals A/S and ACADIA Pharmaceuticals GmbH, when requested by the Company and to complete any required documents related thereto or necessary to effect such resignations.
Resignation as Employee. Effective as of the close of business on the later to occur of (a) June 27, 2003; or (b) the date on which Employee has completed the Designated Tasks (as that term is defined in Section 2 hereof) (such later date, the "Separation Date"), Employee shall resign as NLCI's Chief Education Officer and Executive Vice President - Education.
Resignation as Employee. Xxxxxxx hereby resigns as an officer and employee of EPII and each of its subsidiaries, including without limitation Eagle. The parties hereto agree that the Employment Agreement is terminated and that all obligations of the parties under the Employment Agreement are void. Notwithstanding such termination of employment, the stock option agreements by and between EPII and Xxxxxxx and between Eagle and Xxxxxxx (the "Stock Option Agreements") and the Deferred Compensation Agreement are hereby amended to provide that so long as Xxxxxxx remains a consultant to EPII under the terms of this Agreement or any successor to this Agreement, he shall be deemed for the purposes of these Stock Option Agreements and the Deferred Compensation Agreement to have been an employee of EPII and Eagle. The Deferred Compensation Agreement is further amended to provide that the amount of seventy-five thousand dollars ($75,000) referred to in Article 1 thereof shall be increased at the rate of 7% per annum from the date hereof to the date that the first payment is made pursuant to Article 1 of the Deferred Compensation Agreement.
Resignation as Employee. You have resigned as an employee of the Company as of the date of this letter agreement. You will be paid your base compensation through that date, subject to all applicable withholding obligations of the Company. All employment benefits, including your car allowance, will terminate as of the date of this letter agreement. However, as a member of the Company's Board of Directors, you will continue to be eligible to participate in the Company's group health insurance plan to the same extent as the Company's other non-employee directors.
Resignation as Employee. Xxxxxx will be deemed to have resigned on the Effective Date from his employment as CFO of the Company and from any and all other positions with the Company or any parent, subsidiary or affiliate of the Company (other than pursuant to this Consulting Agreement). As of the Effective Date, Xxxxxx will cease to be an agent, officer, director or representative of the Company and will not be authorized to bind the Company to any liability or obligation or to represent that he has any such authority. The Effective Date will be considered Xxxxxx’x employment termination date for purposes of the Company’s employee benefit programs, including but not limited to, any bonus, pension, profit sharing, stock option, 401(k), health, sickness, dental, accident, life, disability, retirement, severance, vacation and other paid time off, tuition benefits, deferred compensation or insurance which the Company may maintain for the benefit of any of its employees.
Resignation as Employee. Effective as of the close of business on the latest to occur of (a) May 23, 2003; (b) the filing with the Securities and Exchange Commission of NLCI's Quarterly Report on Form 10-Q for the period ended March 31, 2003; or (c) the date on which Employee has completed the Designated Tasks (as that term is defined in Section 3(a)) (such latest date, the "Separation Date"), Employee shall resign as NLCI's Vice Chairman - Corporate Affairs and Chief Financial Officer. Such separation shall be irrevocable and final, and effective as of the Separation Date, neither Employee, NLCI nor any of its parent corporations, subsidiaries, affiliates or other related companies (collectively with NLCI, the "NLCI Parties"), shall have any further obligation of any nature to the other, except as specifically set forth in this Agreement.
