Resignation Severance Clause Samples
The Resignation/Severance clause outlines the terms and conditions under which an employee may voluntarily leave their position and the compensation or benefits they are entitled to upon departure. Typically, this clause specifies the required notice period for resignation, any severance pay or benefits that may be provided, and the circumstances under which severance is granted, such as involuntary termination without cause. Its core practical function is to provide clarity and predictability for both the employer and employee regarding the process and consequences of ending the employment relationship, thereby reducing potential disputes and misunderstandings.
Resignation Severance. If the City Manager resigns his/her employment following notice from the City Clerk that the City Council will be considering terminating the City Manager’s employment without cause at a duly authorized public meeting, he/she shall be entitled to recover Severance Pay.
Resignation Severance. Teachers who wish to resign from the system will do so in writing, sending a copy to the immediate supervisor and the assistant superintendent of Human Resources. Such resignation will be made prior to the closing of the school year to become effective at the close of that year. Only in an extreme emergency will a teacher resign during the school year, and in that event will give no less than thirty (30) days prior notice. He/she may then be allowed to resign only if a qualified replacement is available to take over as provided by state law. Teachers who resign after 10 years of service are eligible for reimbursement of unused general leave based upon the following schedule based upon each day valued at the substitute daily rate of pay: Years of Service Percentage of Payment 10-14 50% 15+ 100% ▇▇▇▇▇▇▇ realized will be applied to the retirement program, the amount to be determined by the 2014-2015 Joint Meet and Confer Team.
Resignation Severance. No employee on continuing employment shall discontinue his/her services with the Board (except by mutual consent) without giving a written notice to the Board at least ten (10) working days before the termination of services. Any employee who leaves the employment of the ▇▇▇▇▇▇ School District because of voluntary resignation, death, or dismissal will be entitled to severance pay under the following schedule:
1. Severance pay of 100% of accumulated sick days shall be allowed to personnel leaving the system after twenty (20) years of service in the district.
2. Severance pay of 100% of accumulated sick days shall be allowed for personnel leaving the system who are disabled or retire according to Michigan Retirement Policy, including disability retirement.
3. Severance pay of fifty (50%) percent of accumulated sick days shall be allowed for personnel leaving the system for any reason after ten (10) years of service in the district.
4. Severance pay of 100% of accumulated sick days shall be paid in the event of the death of an employee.
5. In the event of death of an employee entitled to severance pay in the amount under the schedule shall be payable to the deceased employee’s estate.
6. Any employee who leaves the employment of the ▇▇▇▇▇▇ School District because of voluntary resignation, death, layoff or discharge will be entitled to payment of any unused vacation days at his/her regular rate of pay. To qualify:
a. Said employee must have worked one (1) school year based on September 9th of one year through June 30th of the following year.
b. The rate of vacation days for employees leaving the system will be as follows: If the employee has less than five (5) years seniority, the days shall be pro-rated at 1/12 times ten (10) vacation days at his/her regular rate of pay starting as of July 1st. Employees with five (5) or more years seniority, said employee must work six (6) months or more from July 1st, it shall be 1/12 times ten (10) vacation days plus whatever employee would have in the vacation bank.
c. Employees with five (5) or more years of seniority, upon leaving the system will qualify for one-twelfth (1/12) per month of the entitled vacation days.
7. In case of death, payment of vacation days shall be made to the employee’s estate.
8. Sick days, for the purpose of severance pay, shall be capped at the number of days in employee’s bank as of 06/30/85. These employees shall have the right to maintain a minimum of sixty-five (65) days in their bank.
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Resignation Severance. Employees who submit a written resignation with 30 days advance notice will receive a thirty percent (30%) buy back of their accumulated General Leave based on their current hourly rate. Employees must have completed at least 10 years of continuous service in a regular position to be eligible for this payout. Also reference Article IV, Section U and Article VI, Section V
Resignation Severance