Resignation of Employment. The Executive confirms his/her resignation of his/her employment and of his/her position as an officer of the Company effective (the “Resignation Date”). The parties hereby acknowledge and agree that the Executive’s resignation of employment constitutes a “separation from service” from the Company within the meaning of Section 409A(a)(2)(A)(i) of the Internal Revenue Code of 1986, as amended (the “Code”), and Treasury Regulation Section 1.409A-1(h) (a “Separation from Service”). As of the Resignation Date, the Employment Agreement shall automatically terminate and be of no further force and effect, and neither the Company nor the Executive shall have any further obligations thereunder, except as expressly provided herein. Notwithstanding the foregoing, the Company shall be obligated to Executive for severance payments and continuation of benefits as contemplated by Section 7 of the Employment Agreement and as set forth in Section 3 below.
Resignation of Employment.
31.01 Before leaving the employ of the University, an employee must give two (2) weeks notice. Whenever possible, an employee should give more than two (2) weeks notice. Notice must be made in writing.
Resignation of Employment. If an employee has resigned in writing without advance notice and has not revoked the resignation within three (3) consecutive working days following the date of the letter of resignation, the resignation shall stand and be final. The Union shall be notified in writing as soon as possible of a revocation of any resignation.
Resignation of Employment. (a) Upon execution of this Agreement, Executive agrees to resign from employment with the Company, effective as of May 1, 2008 (the “Date of Separation”), at which time Executive’s employment with the Company shall cease. The Company shall continue to pay Executive at his current rate of base salary and continue all of his benefits and perquisites through the Date of Separation, in accordance with the Company’s current payroll and executive employment practices. Upon a date designated by the Board (the “Date of Resignation”), which date may be prior to the Date of Separation, Executive shall resign from his position as Chief Executive Officer of the Company and as a member of the Board and the Parent Board, and from his service as a director or employee of any affiliate or subsidiary of the Company or Parent, to the extent, if any, he was employed or served in any such capacity. Between the period beginning on the Date of Resignation and ending on the Date of Separation, Executive shall serve as an interim advisor to the Board regarding transition issues. Upon request of the Company, Executive agrees to execute such documents and take such action as may be necessary or desirable to effectuate the foregoing; however, should Executive not execute such documents, he shall nevertheless be deemed to have resigned from all such positions and capacities on the date requested by the Company.
(b) On or about the Date of Separation, Executive shall return to the Company all Company property in his possession or use, including, without limitation, all fax machines, printers, cell phones, credit cards, building-access cards and keys and other electronic equipment, except that Executive may keep his laptop computer, provided that the Company shall disconnect and discontinue such computer’s connection with the Company’s computer network system, and provided further that at the Company’s request, Executive shall return to the Company any software or other data from such computer, however stored, relating to “Confidential Information” as defined in Section 10(a) of the Employment Agreement.
(c) Executive and the Company acknowledge and agree that on February 8, 2008, they jointly announced that Executive has elected to leave the Company to pursue other interests by issuing a press release and that all future statements or communications by the parties shall be consistent with that press release.
(d) Other than as set forth in this Agreement, upon the Date of Separation, E...
Resignation of Employment. Employees shall give the Employer at least two (2) weeks advance written notice of resignation.
Resignation of Employment. The Parties agree that Executive’s employment will terminate effective as of the Separation Date. Effective as of the Separation Date, Executive hereby resigns from all positions Executive holds as an officer, director, employee or otherwise with respect to the Company, its subsidiaries and its affiliates. Upon request of the Company, Executive agrees to execute any additional documents and take any additional actions as may be necessary or desirable to effectuate the foregoing.
Resignation of Employment. Executive (a) hereby resigns as an employee, officer and director of any subsidiary of the Company, effective as of the Effective Date, and (b) will resign as the Company’s Chairman, Chief Executive Officer and as an employee of the Company, effective as of the close of the Company’s 2003 annual meeting (the “Resignation Date”).
Resignation of Employment. Executive acknowledges that he is no longer serving as Company's Chief Executive Officer, and that he will submit and the Company will accept his resignation as Chairman of the Board of Directors no later than June 30, 2000 ("Termination Date"). Executive, however, remains a member of the Company's Board of Directors. In exchange for the consideration in this Agreement, Executive and Company agree to execute a release agreement with terms modeled on the General Release of Claims I, attached hereto as Exhibit A and agreed to by the parties ("Release I"), on or about the Termination Date.
Resignation of Employment. If the Optionee, prior to the Expiration Date, voluntarily resigns from employment with the Company, the right to exercise this Option shall terminate immediately upon such resignation.
Resignation of Employment. By signing this Agreement, I am resigning my employment with the Company effective April 2, 1998 (the "Resignation Date"). I am also resigning all of my positions as an officer of the Company and as an officer of any subsidiary of the Company. By signing this Agreement, the Company is accepting my resignations, and the resignations will not be effective unless the Company signs this Agreement. I delegate to the CEO, from the date this Agreement is executed by both parties until the Resignation Date, the duties I would otherwise have performed as President.
