Resignation or Withdrawal. Any Manager of the Company may resign by giving written notice to the Board of Managers and the Member. The resignation of a Manager shall take effect upon occurrence of the foregoing or at such later time as shall be specified in such notice; and, unless otherwise specified therein, the acceptance of such resignation shall not be necessary to make it effective; provided, however, that the resignation of the Independent Manager shall not be effective until his replacement shall have been effected. So long as any obligations of the Company under any Transaction Documents are outstanding, the Member of the Company may not resign or withdraw as Member or transfer its interest in the Company, unless (i) a succeeding Member is admitted to the Company which succeeding Member shall not be an individual and who shall have executed an instrument signifying its agreement to be bound by the terms and conditions of this Agreement (which instrument may be a counterpart signature page to this Agreement) and (ii) the resigning Member shall have obtained from each rating agency rating any then outstanding securities in any securitization a confirmation that such resignation of the Member and admission of the succeeding Member will not result in a downgrade, withdrawal or qualification of any of the then outstanding securities issued in such securitization. If no such securitization is outstanding, the Member may not resign unless the requirements of clause (i) of the preceding sentence are satisfied. Any such admission of a succeeding Member shall be deemed effective immediately prior to the resignation of the resigning Member and, immediately following such resignation, the resigning Member shall cease to be the Member of the Company.
Resignation or Withdrawal. No Member shall have the right to resign or withdraw from the Company, or to assign its Interest prior to the dissolution and winding up of the Company, except as expressly contemplated by this Agreement.
Resignation or Withdrawal. In the event Downs' employment is terminated by his voluntary resignation or withdrawal, then, in that event, the following will apply unless otherwise agreed between the parties in writing:
(a) If such resignation or withdrawal occurs during the first year of the term of this Agreement, then Downs will be entitled only to two weeks salary following notice of resignation or withdrawal. Company benefits set forth in Section X 1-4( e) shall be terminated at the end of the calendar month next following the date of notice of resignation or withdrawal. All rights to stock options, bonuses or deferred compensation not granted or vested shall be forfeited.
(b) If such resignation or withdrawal occurs during the second year of the term of his Agreement, then Downs will be entitled only to two months salary following notice of resignation or withdrawal. Company benefits set forth in Section XI-4( e) shall be terminated at the end of the calendar month next following the date of notice of resignation or withdrawal. All rights to stock options, bonuses or deferred compensation not granted or vested shall be forfeited.
(c) If such resignation or withdrawal occurs during the third year of the term of this agreement, then Downs will be entitled only to three months salary following notice of resignation or withdrawal and company benefits set forth in Section XI-4(e) shall be terminated at the end of the calendar month three months following the date of notice of resignation or withdrawal. All rights to stock options, bonuses or deferred compensation not granted or vested shall be forfeited.
Resignation or Withdrawal. The resignation or withdrawal, or attempted resignation or withdrawal, by a Member from the Company in violation of this Agreement without the prior written consent of the other Member ("Withdrawal Event");
Resignation or Withdrawal. In the event Employee’s employment is terminated by his voluntary resignation or withdrawal, then, in that event, unless otherwise agreed between the parties in writing, Employee shall be paid upon termination an amount equal to accrued vacation time.
Resignation or Withdrawal. In the event Xxxxxxxxxx’x employment is terminated by his voluntary resignation or withdrawal, then, in that event, unless otherwise agreed between the parties in writing, Xxxxxxxxxx will be entitled to two weeks salary following notice of resignation or withdrawal. Company benefits set forth in Section IV shall be terminated at the end of the calendar month next following the date of notice of resignation or withdrawal. All rights to stock options, bonuses or deferred compensation not granted or vested shall be forfeited.
Resignation or Withdrawal. Each Member agrees not to resign or otherwise voluntarily withdraw from the Company except (i) with the written consent of all Members, or (ii) in connection with a Transfer of all of its Units in a manner permitted under Section 8.
Resignation or Withdrawal. No Member shall resign or withdraw from the Company without the prior consent of all ofthe Members.
Resignation or Withdrawal. A General Partner shall not have the right to resign or withdraw from the Partnership, without the approval of all other Partners. In the event of such resignation or withdrawal, such resigning or withdrawing Partner shall, subject to the provisions of Section 19, remain liable for the debts, obligations, and liabilities of the Partnership incurred during the period of time he was such a Partner, and for which he was liable in his capacity as such a Partner.
Resignation or Withdrawal. In the event Mr. Thang’s employment is terminated by his voluntary resignation or withdrawal, then, in that event, the following will apply unless otherwise agreed between the parties in writing: Từ chức hoặc Rút lui. Trong trường hợp hợp đồng với ông Thắng bị chấm dứt do ông Thắng chủ động từ chức hay rút lui, khi đó những điều sau đây sẽ được áp dụng trừ khi có thỏa thuận bằng khác văn bản giữa các bên: EMPLOYMENT AGREEMENT, P. 6
(a) If such resignation or withdrawal occurs during the first year of the term of this Agreement, then Mr. Thang will be entitled only to two weeks salary following notice of resignation or withdrawal. Company benefits set forth in Section IV-7 shall be terminated at the end of the calendar month next following the date of notice of resignation or withdrawal. All rights to stock options, bonuses or deferred compensation not granted or vested shall be forfeited. Nếu việc từ chức hoặc rút lui đó diễn ra trong năm đầu tiên của thời hạn Hợp Đồng thì ông Thắng sẽ chỉ được nhận lương cho hai tuần sau khi có thông báo về việc từ chức hay rút lui. Các quyền lợi đối với công ty như trong Mục IV-7 sẽ bị hủy bỏ vào cuối tháng kế tiếp sau ngày của thông báo về việc từ chức hay rút lui. Tất cả các quyền mua cổ phiếu, thưởng thêm hay các khoản phúc lợi trả sau chưa được trả hoặc cấp sẽ bị mất.
(b) If such resignation or withdrawal occurs during the second year of the term of his Agreement, then Mr. Thang will be entitled only to two months salary following notice of resignation or withdrawal. Company benefits set forth in Section IV-7 shall be terminated at the end of the calendar month next following the date of notice of resignation or withdrawal. All rights to stock options, bonuses or deferred compensation not granted or vested shall be forfeited. Nếu việc từ chức hoặc rút lui đó diễn ra trong năm thứ hai của thời hạn Hợp Đồng thì ông Thắng sẽ chỉ được nhận lương cho hai tháng sau khi có thông báo về việc từ chức hay rút lui. Các quyền lợi đối với công ty như trong Mục IV-7 sẽ bị hủy bỏ vào cuối tháng kế tiếp sau ngày của thông báo về việc từ chức hay rút lui. Tất cả các quyền mua cổ phiếu, thưởng thêm hay các khoản phúc lợi trả sau chưa được trả hoặc cấp sẽ bị mất.
