Separation from Company. Whenever separation from the City occurs, an employee is entitled to reimbursement for unused, unexpired accrued vacation leave, provided that in case of resignation, the employee has given two (2) weeks or more notice of his intention to resign.
Separation from Company. Whenever separation from the Company occurs prior to the end of the first twelve months of an employee's service, he forfeits his vacation leave. Otherwise, an employee is entitled to reimbursement for unused, unexpired accrued vacation leave, provided that in case of resignation, the employee has given two (2) weeks or more notice of his intention to resign.
Separation from Company. When an employee leaves the service of the Company, the Company will reimburse the employee for all accumulated unused sick leave at a rate of forty percent (40%) of employee's current rate of pay at time of separation. In order to receive this benefit, the employee must have reached, at some point in his/her employment, an accumulation of sick leave of at least five hundred (500) hours.
Separation from Company. Employee’s employment with the Company will end effective [________________] (the “Termination Date”). The Company acknowledges and agrees that it has timely provided all Accrued Obligations to Employee.
Separation from Company. The Executive resigns his employment with the Company and from his position as the Company’s Chief Executive Officer, position as a director on the Company’s board of directors, and all other positions he holds with the Company effective April 30, 2022 (the “Separation Date”). The Executive acknowledges that his resignation is not the result of any disagreement with the Company on any matter relating to its operation, policies (including accounting or financial policies) or practices.
Separation from Company. As of January 2, 2017, this Agreement supersedes all other agreements regarding compensation previously made by the Company with Executive, including that certain Xxxxxx X. Xxxxxx Employment Agreement, amended and restated on December 11, 2008 (the “Prior Employment Agreement”), and that certain Amended and Restated Management Retention Agreement dated April 15, 2013 (the “MRA”); provided that this Agreement is not intended to supersede that certain Indemnification Agreement between the Company and the Executive effective as of November 19, 2009. The parties agree that Executive may terminate his employment during the Employment Term provided that Executive provides one month’s written notice delivered to the Company’s Vice President, Corporate Services. The Company may terminate Executive’s employment at any time during the Employment Term provided that the Company provides one month’s written notice of termination to Executive at his last home address given to the Company. Executive will not receive severance benefits in the event of a Change of Control of the Company, nor will he receive severance benefits in the event of an involuntary termination with or without Cause during the Employment Term under the Prior Employment Agreement or the MRA; provided, however, that in the event of a Change of Control, an involuntary termination (other than for Cause) or in the event that death or Disability should occur, in each case prior to September 10, 2017, all shares in the equity awards identified as #4156 (135,000 shares) and #4332 (65,000 shares) will immediately accelerate and vest in full. Such shares shall be delivered to Executive or his estate, as the case may be, as soon as reasonably practicable thereafter. Except in the event of a separation of the Executive for Cause or Executive’s voluntary separation from the Company, Executive shall receive all cash compensation pursuant to paragraph 2 that Executive would have received for the remainder of the Employment Term, paid as if no separation had occurred during the Employment Term. For the purposes of this Agreement, the capitalized terms used above and not defined shall have the following meanings:
Separation from Company. Executive agrees to, and hereby does, resign as President and Chief Executive Officer of the Company, effective as of 11:59 p.m. (Eastern Time) on April 4, 2005 (the “Separation Date”). Executive agrees to, and hereby does, resign from the Board of Directors of the Company and Parent and from all directorships and officer positions in all subsidiaries of the Company, Parent and all other companies or entities where he is serving as a representative of either the Company or Parent, effective as of the Effective Date. The parties acknowledge that Executive’s separation from Company and Parent is the result of an agreement to separate on mutually agreeable terms. Except as expressly provided herein, the Employment Agreement between Executive and Company dated June 17, 2004 (the “Employment Agreement”), is terminated by mutual agreement of the parties as of the Effective Date and, except as otherwise set forth in this Agreement, has no further force or effect.
Separation from Company. Executive and Company each agree that the Employment Agreement and Executive’s employment with the Company ended effective at the close of business on the Separation Date, and that the Company and Executive shall have no further rights or obligations thereunder other than as explicitly set forth in this Agreement. Upon receipt by Executive of his final paycheck, which includes payment for services through the Separation Date, Executive will have received all wages and compensation owed to him by virtue of his employment with the Company or termination thereof, except as otherwise described in this Agreement. Executive hereby resigns as a director of the Company and as an officer and director of all Company subsidiaries effective as of the Separation Date.
Separation from Company. Company and Employee mutually agree that Employee’s employment with Company will terminate, effective as of the date of this Release. Employee has no further rights, duties or obligations relating to Company or Released Parties other than as set forth in this Release. Employee acknowledges that any and all agreements relating to Company or Released Parties, including the Employment Agreement dated October 1, 2005, (the “Employment Agreement”) are hereby cancelled by the Parties, effective immediately. This Release shall replace all other agreements relating to Employee, Company and Released Parties (as defined below).
Separation from Company. Executive agrees to, and hereby does, resign as President, Chief Executive Officer and Chief Financial Officer of Company, effective as of 11:59 p.m. (EST) on the Effective Date; provided, that Executive shall continue to be employed by Company through June 30, 2004, or such earlier date as Executive shall determine (such date, the "Employment Termination Date"), in order to assist Company in the transition to a new chief executive officer. In no event shall Executive's employment with Company continue beyond the Employment Termination Date. Executive agrees to, and hereby does, resign from the Board of Directors of Company and from all directorships and officer positions in all subsidiaries of Company and all other companies or entities where he is serving as a representative of Company, effective as of the Effective Date. Executive and Company acknowledge that Executive's separation from Company is the result of an agreement to separate on mutually agreeable terms. Except as expressly provided herein, the Employment Agreement between Executive and Company dated November 8, 2002, as amended as of October 1, 2003 (the "Employment Agreement"), is terminated by mutual agreement of the parties as of the Effective Date and has no further force or effect.
