Resignation or Termination of Employment Sample Clauses

Resignation or Termination of Employment. The benefits provided for in Sections 1 and 2 above will be subject to your continued employment with the Company and will cease immediately upon termination of your continued employment with the Company.
Sample 1
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Resignation or Termination of Employment. On completion of their probationary period employees shall be considered to have the following period of notice for termination of their employment: a) Over one (1) month but not more than six (6) months of service - one (1) week’s clear notice. b) Over six (6) months but not more than two (2) years’ service - two (2) weeks’ clear notice. c) Over two (2) years but not more than four (4) years’ service - four (4) weeks’ clear notice. d) Over four (4) years’ service but not more than seven (7) years’ service -eight (8) weeks’ clear notice. e) Over seven (7) years’ service – an additional one week for every subsequent year of service up to a maximum of twelve weeks. In cases where the Exchange decides to terminate employment for reasons other than disciplinary dismissal, the Exchange shall give not less than the notice period required as mentioned above, or pay in lieu thereof. Similarly, all employees wishing to resign their employment with the Exchange shall give notice in writing of not less than the periods mentioned above. In the event that an employee fails to give appropriate notice, he shall be liable to refund to the Exchange monies as prescribed from time to time by law. Currently the law stipulates a sum equal to one half (½) of the pay that would have been payable in respect of the appropriate period. The period of notice shall begin to apply from the working day following the day on which notice is given.
Sample 1
Resignation or Termination of Employment. In the event the employment of Optionee by the Company is terminated by the Company or if the Optionee shall resign from the Company, the Option shall remain exercisable as set forth herein.
Sample 1
Resignation or Termination of Employment. If within ninety days (90) of employment start date, the Agency referred Candidate employed by Client resigns or is terminated from Client employment, Agency will make every effort to replace Candidate at no additional charge. If such separation occurs in thirty days or less from Candidate employment start date, and agency is unable to find a suitable replacement that is acceptable to Client, Agency will refund 75% of Placement Service Fee to Client. Between thirty-one and ninety days, unless Agency is able to find a suitable replacement that is acceptable to Client, Agency will refund a prorated portion of the Placement Service Fee based on the number of days remaining after termination within the ninety-day period (1/90th of the fee per calendar day).
Sample 1
Resignation or Termination of Employment. When an employee leaves employment, all unused sick leave bank time will be canceled on the last day worked.
Sample 1
Resignation or Termination of Employment. 1. Normally a Member may resign effective June 30 or December 30, with at least one month’s written notice to the President. All leaves to which a resigning Member would be entitled must be terminated at that date. 2. Employment may be terminated at any time by mutual written agreement between a Member and the President. 3. Members shall be deemed to have quit the employ of the University if they are absent from work due to legitimate illness and/or compensable or non-compensable injury for thirty-six
Sample 1
Resignation or Termination of Employment. Failure to return to work from a layoff within five (5) calendar days after receipt of written notice.
Sample 1
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Resignation or Termination of Employment. On resignation or termination of employment, Council shall pay to the employee: a) their ordinary rate of pay for all untaken leave credited for completed years of service; and b) for an incomplete year, one twelfth of their ordinary rate of pay multiplied by the number of completed weeks of service in that year, provided that the employee shall not receive payment for more than four weeks annual leave for any period of twelve months.
Sample 1

Related to Resignation or Termination of Employment

  • 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.

  • Other Termination of Employment In the event of your voluntary termination (other than a Retirement subject to Section 2(c) or a Qualifying Termination subject to Section 2(f)), or termination by the Company or a subsidiary of the Company for misconduct or other conduct deemed by the Company to be detrimental to the interests of the Company or a subsidiary of the Company, you shall forfeit all unvested RSUs on the date of termination.

  • Voluntary Termination of Employment If during the Employment Term, Executive terminates his employment under circumstances other than those specified elsewhere in this Section 8, Executive shall be entitled to the payments and benefits specified in Section 8(a).

  • Termination of Employment for Cause If Optionee’s employment with the Bancorp or a subsidiary corporation is terminated for cause, this option shall expire thirty (30) days from the date of such termination. Termination for cause shall include, but not be limited to, termination for malfeasance or gross misfeasance in the performance of duties or conviction of a crime involving moral turpitude, and, in any event, the determination of the Board of Directors with respect thereto shall be final and conclusive.

  • Compensation Following Termination of Employment In the event that Executive's employment hereunder is terminated, Executive shall be entitled to the following compensation and benefits upon such termination:

  • Involuntary Termination of Employment If the Executive does not exercise his withdrawal rights pursuant to Subsection 2.2, and the Executive's employment with the Bank is involuntarily terminated for any reason, including a termination due to disability of the Executive but excluding termination for Cause, or termination following a Change in Control within thirty-six (36) months of such Change in Control, within thirty (30) days of such involuntary termination of employment, the Bank shall be required to make an immediate lump sum Contribution to the Executive's Retirement Income Trust Fund in an amount equal to: (i) the full Contribution required for the Plan Year in which such involuntary termination occurs, if not yet made, plus (ii) the present value (computed using a discount rate equal to the Interest Factor) of all remaining Contributions to the Retirement Income Trust Fund; provided however, that, if necessary, an additional amount shall be contributed to the Retirement Income Trust Fund which is sufficient to provide the Executive with after tax benefits (assuming a constant tax rate equal to the rate in effect as of the date of the Executive's termination) beginning at his Benefit Age, equal in amount to that benefit which would have been payable to the Executive if no secular trust had been implemented and the benefit obligation had been accrued under APB Opinion No. 12, as amended by FAS 106.

  • Termination of Employment Severance Your immediate supervisor or the Company's Board of Directors may terminate your employment, with or without cause, at any time by giving you written notice of your termination, such termination of employment to be effective on the date specified in the notice. You also may terminate your employment with the Company at any time. The effective date of termination (the "Effective Date") shall be the last day of your employment with the Company, as specified in a notice by you, or if you are terminated by the Company, the date that is specified by the Company in its notice to you. The following subsections set forth your rights to severance in the event of the termination of your employment in certain circumstances by either the Company or you. Section 5 also sets forth certain restrictions on your activities if your employment with the Company is terminated, whether by the Company or you. That section shall survive any termination of this Agreement or your employment with the Company.

  • Effect of Termination of Employment (a) Upon the effective date of termination of the Employee's employment pursuant to Section 6, Section 7(a) or Section 7(c) hereof, neither the Employee nor the Employee's beneficiaries or estate shall have any further rights under this Agreement or any claims against the Corporation arising out of this Agreement, except the right to receive, within 30 days of the Termination Date: (i) the unpaid portion of the Base Salary provided for in Section 5(a), computed on a pro rata basis to the Termination Date; (ii) reimbursement for any expenses for which the Employee shall not have theretofore been reimbursed, as provided in Section 5(d); and (iii) the unpaid portion of any amounts earned by the Employee prior to the Termination Date pursuant to any Benefit Arrangement; provided, however, unless specifically provided otherwise in this Section 8, the Employee shall not be entitled to receive any benefits under a Benefit Arrangement that have accrued during a fiscal year if the terms of such Benefit Arrangement require that the beneficiary be employed by the Corporation as of the end of such fiscal year. (b) Upon the termination of the Employee's employment pursuant to Section 7(b), neither the Employee nor the Employee's beneficiaries or estate shall have any further rights under this Agreement or any claims against the Corporation arising out of this Agreement, except the right to receive: (i) the unpaid portion of the Base Salary, computed on a pro rata basis, for the period from the Commencement Date until the first anniversary of the Termination Date, payable in such installments as the Base Salary was paid prior to the Termination Date; and (ii) the payments, if any, referred to in Sections 8(a)(ii) and (iii). (c) The Employee's obligations under Sections 9, 10 and 11 of this Agreement, and the Corporation's obligations under this Section 8, shall survive the termination of this Agreement and the termination of the Employee's employment hereunder.

  • Compensation Upon Termination of Employment If the Executive’s employment hereunder is terminated, in accordance with the provisions of Article III hereof, and except for any other rights or benefits specifically provided for herein to be effective following the Executive’s period of employment, the Company will provide compensation and benefits to the Executive only as follows:

  • Notice of Termination of Employment 2601 Employment may be terminated voluntarily by a nurse or for just cause by the Employer subject to the following periods of written notice, exclusive of any vacation due: (a) for classifications other than Nurse IV or Nurse V -- four (4) weeks, and (b) for Nurse IV and Nurse V classifications -- six (6) weeks. 2602 Employment may be terminated with less notice or without notice: (a) by mutual agreement between the nurse and the Employer for special circumstances, or (b) during the probationary period of a newly hired nurse subject to Article 31 herein, or (c) in the event a nurse is dismissed for sufficient cause to justify lesser or no notice. 2603 The Employer may give equivalent basic pay in lieu of notice. 2604 Subject to other provisions contained in this Agreement relative to termination of employment, each nurse shall, unless otherwise mutually agreed, upon termination of her/his employment and within five (5) office working days following the completion of her/his last working shift, receive pay in lieu of unused vacation, and all salary earned to date of termination.

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