Resignation Termination of Employment Agreement. Notwithstanding ---------------------------------------------------- anything to the contrary which may be contained in the Employment Agreement, the parties hereby acknowledge and agree that, effective as of August 13, 2007:
1.1 Executive is no longer employed by the Company in any capacity;
1.2 The Employment Agreement is terminated and of no further force or effect; and
1.3 Except as expressly provided herein, all responsibilities, duties and obligations of Executive to the Company and of the Company to Executive under the Employment Agreement shall be terminated and of no further force or effect.
Resignation Termination of Employment Agreement. Effective as of the Effective Date, Employee hereby tenders, and the Company hereby accepts, the Employee’s resignation as Executive Vice President, General Counsel and Secretary of the Company. As of the Effective Date, the Employment Agreement shall automatically terminate and be of no further force and effect, and neither the Company nor Employee shall have any further obligations thereunder; provided, however, that the provisions of Section 6 (Non-Competition, Non-Solicitation and Confidentiality and Non-Disclosure) and Section 7 (Indemnification) of the Employment Agreement shall survive such termination of the Employment Agreement.
Resignation Termination of Employment Agreement. Notwithstanding anything to the contrary which may be contained in the Employment Agreement, the Parties hereby acknowledge and agree that, effective as of the date of this Agreement:
1.1 Executive resigned his employment with the Company and each of its subsidiaries in all capacities, including, without limitation, his position as Creative Director of the Company, any position he holds with Versatile Entertainment, Inc., a California corporation, and his position as Manager of each of Bella Rose, LLC, a California limited liability company, Williax Xxxx Xxxrcing, LLC, a Delaware limited liability company, xxx Xxxxxxx Rast Licensing, LLC, a Delaware limited liability company xxxxxxxxx Xxtober 2, 2007.
1.2 The Company has accepted the resignation. The Employment Agreement is terminated and of no further force or effect. Except as expressly provided herein, all responsibilities, duties and obligations of Executive to the Company and of the Company to Executive under the Employment Agreement shall be terminated and of no further force or effect. Notwithstanding the foregoing, Executive will still continue to serve in his current capacity on the Board of Directors of the Company.
Resignation Termination of Employment Agreement. Your resignation from all positions held with MSN and MSNH is effective October 1, 2007. Effective as of October 1, 2007, the Amended and Restated Employment Agreement dated as of August 20, 2001 between MSN, MSNH and you, as amended as of October 26, 2001 (collectively, the “Employment Agreement”), is terminated and shall have no further force and effect, except for those provisions described in Section 6(j) of the Employment Agreement as surviving termination of your employment (which include, without limitation, the restrictive covenants set forth in Section 7 of the Employment Agreement).
Resignation Termination of Employment Agreement. Upon the Effective Date of this Agreement, Lanhxx xxxll resign from his seat on the Company's Board of Directors and from his position as President and Chief Operating Officer of the Company, and from any and all of his positions as director or officer of any subsidiaries of the Company. The Employment Agreement entered into between the Company and Lanhxx xxxed January 23, 1997, is hereby terminated and this Agreement shall supersede such Employment Agreement in all respects, unless otherwise excepted herein.
Resignation Termination of Employment Agreement. (a) This Agreement shall reflect Employee's resignation as an officer and employee of Employer effective as of August 21, 1998. Employer and Employee mutually agree to refer to Employee's termination of service as Employee's retirement.
(b) No rights, duties or obligations shall exist under the Employment Agreement after August 21, 1998, except for the rights, duties and obligations stated in Paragraphs 11 and 12 thereof.
(c) Employer shall direct employees assigned to answer telephones to advise callers who ask for Employee that Employee has retired and to provide callers who wish to speak with Employee other than with respect to Employer's business with Employee's home telephone number.
(d) Employee shall have reasonable access to his former office to remove personal items, including decorations, personal papers and his Rolodex.
(e) Employee shall be afforded a reasonable opportunity to announce his retirement and express his appreciation to employees at a full company meeting.
Resignation Termination of Employment Agreement. (a) Effective as of the close of business on the date hereof (the “Resignation Date”), you hereby voluntarily resign from all offices and titles you may hold with the Company and its affiliates as of the Effective Date. For purposes of this Agreement, “affiliates” shall have the meaning set forth in Rule 12b-2 promulgated under the Securities Exchange Act of 1934, as amended.
(b) You and the Company acknowledge and agree that the Employment Agreement dated as of December 10, 2005, as amended September 4, 2007, by and between the Company and you (the “Employment Agreement”) is hereby terminated and shall be no further force and effect.
Resignation Termination of Employment Agreement. Effective as of the Effective Time, (a) Executive hereby tenders his resignation as an officer of the Company and each of its subsidiaries and (b) the Employment Agreement shall be terminated in full without any further action on the part of the Company or Executive. Except as expressly provided in this Agreement, from and after the Effective Time, Executive shall not be entitled to receive any further wages, compensation, stock options or benefits arising pursuant to the Employment Agreement or in connection with his employment relationship with the Company or any of its subsidiaries, and Executive shall not be 2 entitled to any post termination wages, compensation or benefits (including, without limitation, severance pay, vacation pay or sick pay).
Resignation Termination of Employment Agreement. Employee hereby resigns from all positions held by him with MSN effective June 7, 2004 (the “Effective Date”) and such resignation is hereby accepted by MSN. The Employment Agreement is hereby terminated effective as of June 7, 2004; provided, however, MSN, Holdings and Employee acknowledge and agree that each of Section 6(j) (Survival of Operative Sections), Section 7 (Restrictive Covenants), Section 8 (Injunctive Relief), Section 10 (Taxes) and Section 13 (Severability and Governing Law) shall remain in full force and effect.
Resignation Termination of Employment Agreement. On the Effective Date and provided this Agreement has been properly executed and delivered to Adelxxx xx the Corporation, Adelxxx xxxll resign as an officer of the Corporation and the Employment Agreement shall automatically terminate without any further action or obligation on the part of any of the parties hereto and no party will have any further right or obligation under the Employment Agreement, provided that Adelxxx xxxl remain bound by Sections 5(a), 5(b) and 5(d) of the Employment Agreement.
