Separation Date and Transition Period. Your last day of work with the Company and your employment termination date will be January 31, 2012 (the “Separation Date”). The period between the date hereof and the Separation Date shall be referred to herein as the “Transition Period.” Throughout the Transition Period, your employment with the Company shall remain at will. This means that the Company retains the right to accelerate the Separation Date and terminate your employment on any earlier date of its choosing, for any reason or for no reason, with or without cause or advance notice.
Separation Date and Transition Period. (a) Executive hereby voluntarily resigns from her employment with the Company effective as of the close of business on September 30, 2018 (the “Separation Date”), which also constitutes resignations from all officer positions, appointments, and committees associated with the Company and its affiliates that she then holds effective as of the date she executes this Agreement. The Company hereby accepts all such resignations. Executive will promptly sign all appropriate documentation reasonably requested by the Company to reflect or facilitate such resignations.
(b) Subject to the remainder of this Agreement, and provided that Executive signs and returns this Agreement to Company, does not revoke this Agreement pursuant to Paragraph 19 below, and complies with its terms, from the date Executive signs this Agreement until the Separation Date (the "Transition Period"), Executive shall remain a Company employee and shall cooperate with Company in transitioning her duties and responsibilities to such person(s) and at such times as are designated by Company, provided that Executive shall not be required to perform any such duties and responsibilities at the Company’s offices. Executive agrees that she will not represent to any third party that she has authority to act on behalf of the Company after the date she signs this Agreement. During the Transition Period, Company will continue to pay Executive her current pro-rated base salary, less required and authorized withholdings and deductions.
(c) Executive agrees that, for the period of time between the Separation Date through December 31, 2019, she will remain reasonably available to consult (without compensation), as may be expressly requested by the Company from time to time, on matters related to her prior duties and responsibilities for the Company and its affiliates, provided that nothing in this Paragraph 1(c) limits Executive’s obligations under Paragraph 10 of this Agreement. To the extent that the Company seeks such consultation, a Company representative shall contact Executive’s counsel to relay such request.
Separation Date and Transition Period. Your last day of employment with the Company will be March 31, 2024 (the “Last Day of Employment”) and you shall be eligible for the benefits set forth in Section 2 below. Effective as of the date hereof, you shall continue to be available to the Company to complete certain projects and transition your duties, as reasonably requested by the Chief Executive Officer of the Company (the “CEO”). You will continue to receive your current base salary and benefits through the Last Day of Employment. Additionally, you will receive any other amounts earned, accrued and owing but not yet paid through your Last Day of Employment, including any vested benefits accrued and due under any applicable benefit plans and programs of the Company, pursuant to the Employment Agreement, regardless of whether you execute or revoke this Agreement. Consistent with prior Company practices, you will also receive payment for approved expenses, which the Company recognizes are outstanding, within 30 days after receipt of the expense report. Your employment and your participation in and eligibility for the Company’s employee benefit plans and programs will terminate on your Last Day of Employment. Except for consulting services, in accordance with the Consulting Agreement described below, effective as of the Last Day of Employment, you will automatically be deemed to resign from all Company-related positions, including as an officer and director of the Company and its parents, subsidiaries and affiliates, as applicable, and shall execute all documentation necessary to effectuate such resignation(s). On your Last Day of Employment your Company email shall be disabled and have an automatic reply containing your consulting email address (and telephone number if you request).
Separation Date and Transition Period. (a) You will remain employed as an at-will employee of the Company until the earliest of: (a) the date the Company terminates your employment for any reason; or (b) September 7, 2007 (the earlier of which being referred to herein as the “Separation Date”).
Separation Date and Transition Period. Your last day of employment with the Company will be August 31, 2004, (the "Separation Date"). During the period beginning on the date this Agreement becomes effective until the Separation Date (the "Transition Period"), you will continue to serve as Vice President of Human Resources of the Company. You will continue to devote your full work efforts to the Company and will exercise your best professional efforts to perform your current duties. During the Transition Period, you will receive your current salary and benefits, your unvested stock options will continue to vest, and all other terms and conditions of your employment will apply (including your obligation to abide by Vitria's policies and procedures). During the Transition Period, you will report to the Company's Chief Financial Officer and you will personally and directly coordinate employment searches to fill various executive positions in the Company.
Separation Date and Transition Period. As of December 31, 2023 (“Separation Date”), you will longer be an employee of the Company. Between August 30, 2023 (“Transition Date”) and December 1, 2023, (the “Transition Period”), you agree to perform the duties of Executive Vice President, Chief Financial Officer as assigned by the Chair and CEO. During the Transition Period, your regular salary will remain unchanged at $650,000 per annum and you shall remain fully eligible for participation in the Company’s benefits plans in which you now participate through the Separation Date. As of December 1, 2023, or such other date when your successor commences employment as Executive Vice President and Chief Financial Officer of the Company, you will resign your title as Executive Vice President and Chief Financial Officer as well as your executive responsibilities as an officer or director of any subsidiaries and affiliates of the Company as of such date. During the period of December 1, 2023 through the Separation Date, you shall continue as an employee of the Company and serve as an advisor to the new chief financial officer to facilitate an orderly transition. You will receive a bonus payment under the Executive Incentive Plan for 2023 based upon your performance and target bonus opportunity of $975,000. The 2023 bonus will be paid on or about March 1, 2024, and the amount will be determined based upon the applicable 2023 goal scoring. If Nasdaq terminates your employment due to gross misconduct or gross negligence, or you voluntarily resign before December 31, 2023, you will not be entitled to any part of the 2023 CIP bonus. All equity grants normally scheduled to vest prior to the Separation Date shall vest on schedule. You will also be paid for all accrued but unused vacation, following Separation Date. Your health benefits provided through the Company will continue through the end of the month of your Separation Date. You and your eligible dependents may elect benefit continuation coverage if you timely apply for COBRA benefits. The Company will provide you with information regarding your COBRA rights in a separate mailing.
Separation Date and Transition Period. Your last day of work with the Company and your employment termination date will be October 31, 2011; provided that such date may be extended for up to nine months upon mutual agreement of you and the Company; and provided further that, such date may be accelerated if the Company hires a new chief executive officer (the actual date your employment terminates shall be referred to as the “Separation Date”). The period between the date hereof and the Separation Date shall be referred to herein as the “Transition Period.” Throughout the Transition Period, your employment with the Company shall remain at will. This means that the Company retains the right to accelerate the Separation Date and terminate your employment on any earlier date of its choosing, for any reason or for no reason, with or without cause or advance notice.
Separation Date and Transition Period. Your last day of work with the Company and your employment resignation date will be June 30, 2010 (the “Separation Date”). You hereby agree to resign, as of the Separation Date, from any and all positions held by you with the Company or any of its affiliates, including but not limited to any Board of Director positions. The period between the date hereof and the Separation Date shall be referred to herein as the “Transition Period.” Your employment shall remain at will during the Transition Period, such that Company may in its discretion choose to accelerate the Separation Date to an earlier date of its choosing. If the Separation Date is accelerated by the Company, you shall cease receiving your regular base salary as of the new, earlier Separation Date. In addition, provided that the Separation Date is not accelerated by the Company for Cause (as defined in the employment agreement between you and the Company dated September 24, 2010 (the “Employment Agreement”)), and if and only if all conditions set forth in Section 4 are met, you will still be entitled to the Bonus (as defined below), to be paid within the timeframe set forth in Section 4.
Separation Date and Transition Period. Separation Date (as defined below), and Executive acknowledges and agrees that his employment relationship with the Company will end on the Separation Date. Execut resignation as an Executive Vice President and Chief Financial Officer of the Company and from all other officer, director and other positions with the Company, all Related Entities and all other entities in which the Company or any Related Entity holds an equity interest and with respect to which Executive serves as R (other than as an employee) shall be effective as of the Transition Date. Executive agrees to take any further actions that the Company or any Related Entity reasonably requests to effectuate or document the foregoing. For purposes of this Related Entities subsidiaries and affiliated entities and each of their respective predecessors.
Separation Date and Transition Period. Your last day of employment with the Company will be June 30, 2004, (the "Separation Date"). During the period beginning on the date this Agreement becomes effective until the Separation Date (the "Transition Period"), you will continue to serve as the Chief Financial Officer of the Company. You will continue to devote your full work efforts to the Company and will exercise your best professional efforts to perform your current duties and to transition your duties to a new Chief Financial Officer. During the Transition Period, you will receive your current salary and benefits, your unvested stock options will continue to vest, and all other terms and conditions of your employment will apply (including your obligation to abide by Xxxxxx's policies and procedures).
