Resignation from Service Sample Clauses
The 'Resignation from Service' clause outlines the process and requirements for an employee to formally leave their position within an organization. Typically, it specifies the notice period the employee must provide, the method of submitting a resignation (such as written notice), and any obligations during the transition period, like handing over duties or returning company property. This clause ensures a clear and orderly departure process, minimizing disruption to the organization and clarifying expectations for both parties.
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Resignation from Service. Effective as of November 20, 2013 (the “Departure Date”), you resigned and departed as Chief Executive Officer of the Company and from each position and office held by you as a director, officer or employee of the Company. In connection with your departure, the Company will pay you your accrued and unused vacation as well as any earned but unpaid base salary, therapist payments and anything else that may have been owed to you as of the Departure Date. The Company will reimburse your unreimbursed business expenses incurred prior to the Departure Date in accordance with Company’s business expense reimbursement policies; provided, that you submit proper documentation evidencing such expenses to the Company within 30 calendar days following the Effective Date as hereinafter defined. Upon your departure, you incurred a “separation from service” (within the meaning of Section 409A of the Internal Revenue Code (the “Code”)) and your employment agreement, dated June 2010, (the “Original Employment Agreement”), as amended by the rider (the “Rider”) dated February 2011 (the Original Employment Agreement, as amended by the Rider, the “Employment Agreement”), terminated and, unless otherwise specifically provided herein, will be superseded in its entirety by this Agreement. The Original Employment Agreement and the Rider are attached as Exhibits A and B.