Resignation by Xxxxxxx Sample Clauses

Resignation by Xxxxxxx. Xxxxxxx may resign his employment with the Company upon 60 - (sixty) month written notice to the Board, and his date of resignation shall be considered the date on which he is no longer employed, not the date on which he gives written notice. Xxxxxxx shall only be entitled to receive: (a) his salary and bonuses in accordance with Section 2.2 that has accrued up to the date of resignation; and (b) any and all benefits accrued up to the date of resignation. Xxxxxxx shall have no further rights under this Agreement or otherwise be entitled to receive any other compensation or benefits after the date of resignation.
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Resignation by Xxxxxxx. At Xxxxxxx’x option, Xxxxxxx may terminate Raymond’s retention hereunder (i) subject to Section 6(c), for Good Reason or (ii) without Good Reason.
Sample 1
Resignation by Xxxxxxx. Xxxxxxx hereby tenders, and the Company accepts, Xxxxxxx'x resignation from any and all positions that Xxxxxxx may currently hold with the Company as a result of the Letter Agreement, including Xxxxxxx'x position as the Company’s Executive Chairman, Chairman of the Board, or any and all other positions, effective upon execution hereof. The Xxxxxxx Entities represent that they have not entered into any agreement on behalf of the Company designed to bind the Company to any contract or transaction. Upon execution hereof, the Xxxxxxx Entities hereby forfeit and release all claims and rights of ownership of the 13,600,000 Options and request cancellation of all of the 13,600,000 options granted to the Xxxxxxx Entities pursuant to the Option to Purchase Agreement and the Letter Agreement regardless of whether any of the foregoing options have vested, been exercised or been delivered to the Xxxxxxx Entities.
Sample 1
Resignation by Xxxxxxx. This Agreement constitutes XXXXXXX’x notice of the voluntary resignation of his employment with the CITY, to be effective immediately upon execution of this Agreement by both parties. The CITY agrees that its personnel records shall reflect that XXXXXXX’x resignation was voluntary in nature. XXXXXXX shall return all property of the CITY in his possession within three business days of his resignation.
Sample 1

Related to Resignation by Xxxxxxx

  • Termination by Resignation Subject to Section 3.2, below, Executive’s employment and the Company’s obligations under this Agreement shall terminate automatically, effective immediately upon Executive’s provision of written notice to the Company of Executive’s resignation from employment with the Company or at such other time as may be mutually agreed between the Parties following the provision of such notice.

  • Resignation by Employee The Employee may terminate his employment by giving the Company thirty (30) days' advance notice in writing.

  • Resignation by Executive (a) Executive may resign from Executive’s employment with the Company at any time by giving notice as described in Section 7.1.

  • Voluntary Resignation by Executive Executive may voluntarily resign Executive’s position with Company for any reason, at any time after the Effective Date, on five (5) days’ advance written notice. In the event of Executive’s resignation, Executive will be entitled to receive only the Base Salary for the five-day notice period and no other amount (other than amounts to which Executive is entitled pursuant to Section 5 or 6 hereof). All other Company obligations to Executive pursuant to this Agreement will become automatically terminated and completely extinguished upon termination of employment. In addition, Executive will not be entitled to receive any other Severance Benefits described in Section 7.2, above. The provisions of this Section 7.4 shall not apply to Executive’s resignation for Good Reason.

  • Resignation by the Executive Executive may voluntarily resign from his employment with the Company, provided that Executive shall provide the Company with thirty (30) days advance written notice (which notice requirement may be waived, in whole or in part, by the Company in its sole discretion) of his intent to resign. If Executive so terminates his employment with the Company, other than in accordance with Section 4.5, the Company shall have no obligation other than the payment of the Accrued Obligations to the effective date of such termination.

  • Resignation by Executive for Good Reason (a) Provided Executive has not previously been notified of the Company’s intention to terminate Executive’s employment, Executive may resign from employment with the Company for Good Reason (as defined in Section 6.4(b) below).

  • Resignation by the Agent (a) The Agent may resign from the performance of all its functions and duties under the Agreement and the other Transaction Documents at any time by giving 30 days' prior written notice (as provided in the Agreement) to the Debtors and the Secured Parties. Such resignation shall take effect upon the appointment of a successor Agent pursuant to clauses (b) and (c) below.

  • Voluntary Resignation by Executive Without Good Reason Executive may voluntarily resign Executive’s position with Company without Good Reason, at any time after the Initial Term, on thirty (30) days’ advance written notice. In the event of Executive’s resignation without Good Reason, Executive will be entitled to receive only the Base Salary for the thirty-day notice period and no other amount for the remaining months of the current term, if any. All other Company obligations to Executive pursuant to this Agreement will become automatically terminated and completely extinguished. In addition, executive will not be entitled to receive the Severance Payment described in subparagraph 7.2 above.

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