Resignation or Dismissal Clause Samples
The 'Resignation or Dismissal' clause outlines the procedures and conditions under which an employee may voluntarily leave their position or be terminated by the employer. It typically specifies notice periods required for resignation, the grounds and process for dismissal, and any obligations of both parties during the transition, such as return of company property or final compensation. This clause ensures both employer and employee understand their rights and responsibilities in ending the employment relationship, thereby reducing disputes and providing a clear framework for separation.
Resignation or Dismissal. The Participant resigns or is dismissed from the employ of the Employers and the Related Companies before retirement or disability as described in paragraph (a) or (b) above.
Resignation or Dismissal. Upon resignation or dismissal from County service, all sick leave credits shall be canceled and shall not be reinstated or paid for.
Resignation or Dismissal. If the Optionee's employment by the Company or any of its subsidiaries terminates for any reason (the date of such termination being referred to as the "SEVERANCE DATE") other than retirement, a "permanent and total disability" within the meaning of Section 22(e)(3) of the Code and such other disabilities, infirmities, afflictions or conditions as the Board by rule may include ("TOTAL DISABILITY") or death, or "for cause" (as determined in the discretion of the Board), the Optionee shall have, subject to earlier termination pursuant to or as contemplated by Section 1 or 9.2 hereof, three months after the Severance Date to exercise the Option to the extent it shall have become exercisable on the Severance Date. In the case of a termination "for cause", the Option shall terminate on the Severance Date. In other cases, the Option, to the extent not exercisable on the Severance Date, shall terminate.
Resignation or Dismissal. Any employee who resigns or is discharged from employment with the District forfeits all accumulated sick leave.
Resignation or Dismissal. The Participant resigns or is dismissed from the employ of the Employers and the Related companies before retirement in accordance with paragraph (a), (b) or (c) next above. Notwithstanding the foregoing, a Participant may not commence distribution of his Pre-Tax Contribution Account even though his employment with the Employers and Related Companies has terminated unless or until he also has a "separation from service" within the meaning of section 401(k)(2)(B) of the Code. The foregoing restriction shall not apply, however, if the Participant's termination of employment occurs in connection with the sale by an Employer to an unrelated entity, provided (i) the Participant remains employed in such trade or business or by such subsidiary after the sale, (ii) the Employer continues to maintain the Plan after the sale, (iii) no transfer of the Participant's Account occurs or is scheduled to occur after the
Resignation or Dismissal. If the Optionee's employment by the Company or any of its subsidiaries terminates for any reason (the date of such termination being referred to as the "SEVERANCE DATE") other than retirement, a "permanent and total disability" within the meaning of Section 22(e)(3) of the Code and such other disabilities, infirmities, afflictions or conditions as the Board by rule may include ("TOTAL DISABILITY") or death, or "for cause" (as determined in the discretion of the Board), the Optionee shall have, subject to earlier termination pursuant to or as contemplated by Section 1 or 9.2 hereof, three