SEPARATION OF EMPLOYEE Sample Clauses

SEPARATION OF EMPLOYEE. (a) Unless terminated earlier in accordance with this Agreement, the parties agree that Employee’s last day of employment with Alion will be February 1, 2010 (“Separation Date”). The time between the Execution Date and the Separation Date is referred to herein as the “Retention Period.” (b) Except as otherwise provided in this Agreement, effective as of the Separation Date, Employee shall not be eligible for further pay or benefits, including without limitation any benefits under any severance pay plan applicable to him as an employee of Alion. (c) During the Retention Period, Employee (i) shall devote his full business time to the Company; (ii) shall perform his regular duties, or such other duties as may be assigned to him from time to time to the best of his ability and with the utmost good faith; and (iii) shall take all reasonable steps to provide for a successful transition of his duties. During the Retention Period, Employee’s duties may be changed, decreased or eliminated at the discretion of the Company and upon written notification to Employee, provided that the Company fulfills its obligation to pay Employee his salary during the Retention Period. Specifically, during the Retention Period, Employee shall not have the authority to bind the Company and shall participate in Board proceedings only at the direction of the CEO. (d) During the Retention Period, should Employee resign voluntarily prior to the Separation Date, this Agreement shall remain in full force and effect except that (i) the resignation date shall be substituted for the “Separation Date” stated above for all subsequent purposes and (ii) Employee shall forfeit the 2009 Bonus (as defined below) or, if already paid, the Company shall be entitled to recoup the 2009 Bonus of $90,000.00 previously paid to Employee by reducing any amounts remaining due him by $90,000.000. During the Retention Period, the Employee remains subject to termination for Cause, as defined in his Employment Agreement dated June 28, 2007, as amended on February 18, 2008 (the “Employment Agreement”). If Employee is terminated for Cause during the Retention Period, this Agreement shall become null and void, any payments already made pursuant to this Agreement shall be returned, and the rights of the parties shall thereafter be governed by the Employment Agreement or other any other applicable agreements as they existed immediately prior to the Execution Date of this Agreement. (e) By signing this Agreement, Employe...
Sample 1See All (4)
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SEPARATION OF EMPLOYEE. An employee terminating from Village service unless substantiated by physician’s certificate. Unused Sick Leave will not be compensated for in any manner at the time of resignation, termination, layoff, or dismissal of an employee. Retirement from employment shall entitle the employee to receive payment for accrued but unused sick leave under the formula provided in Article XVIII, Section 4.
Sample 1
SEPARATION OF EMPLOYEE. (a) The parties agree that Employee's last day of employment with Versar will be April 12, 2014 ("Separation Date"). The time between the Notification Date and the Separation Date is referred to herein as the "Retention Period." (b) Except as otherwise provided in this Agreement, effective as of the Separation Date, Employee shall not be eligible for further pay or benefits, including without limitation any benefits under any severance plan or practice applicable to him as an employee of Versar (c) During the Retention Period, Employee shall perform such duties as may be assigned to him from time to time to the best of his ability and with the utmost good faith and shall take all reasonable steps to provide for a successful transition of his duties as directed by the Company. During the Retention Period, Employee's duties may be modified at the discretion of the Company and upon written notification to Employee, provided that the Company fulfills its obligation to pay Employee his salary during the Retention Period. (d) Should Employee resign voluntarily prior to the Separation Date, this Agreement shall remain in full force and effect except that the date on which the Employee resigns shall be substituted for the "Separation Date" stated above for all subsequent purposes. (e) Employee hereby resigns from all of his officer positions with the Company and all of its affiliates and subsidiaries, effective as of the Separation Date.
Sample 1

Related to SEPARATION OF EMPLOYEE

  • Separation of Employment (a) If an employee is discharged he shall be paid in full for all monies owing him on the date of his discharge. If an employee quits the Employer may withhold payment for five (5) calendar days. (b) The Employer shall give a Record of Employment Certificate to any employee who separates from employment for at least seven (7) days for any reason within five (5) days of the last day worked, or terminates.

  • Compensation of Employee Employer shall pay Employee, and Employee shall accept from Employer, in full payment for Employee's services hereunder, compensation as follows:

  • Termination of Employment Executive's employment hereunder may be terminated under the following circumstances:

  • Location of Employment The Executive's principal place of business shall continue to be at the Company's headquarters to be located within thirty (30) miles of Doylestown, Pennsylvania; provided, that the Executive acknowledges and agrees that the performance by the Executive of his duties shall require frequent travel including, without limitation, overseas travel from time to time.

  • Duration of Employment 5.1 A seafarer shall be engaged for the period specified in Appendix 1 to this Agreement and such period may be extended or reduced by the amount shown in Appendix 1 for operational convenience. The employment shall be automatically terminated upon the terms of this Agreement at the first arrival of the ship in port after expiration of that period, unless the Company operates a permanent employment system.

  • Cessation of Employment In the event Executive shall cease to be employed by the Company for any reason, then Executive's compensation and benefits shall cease on the date of such event, except as otherwise provided herein or in any applicable employee benefit plan or program.

  • Termination of Employees Agent may in its discretion stop using any Retained Employee at any time during the Sale, subject to the conditions provided for herein. In the event that Agent desires to cease using any Retained Employee, Agent shall notify Merchant at least seven (7) days prior thereto, so that Merchant may coordinate the termination of such employee; provided, however, that, in the event that Agent determines to cease using an employee “for cause” (which shall consist of dishonesty, fraud or breach of employee duties), the seven (7) day notice period shall not apply, provided further, however, that Agent shall immediately notify Merchant of the basis for such “cause” so that Merchant can arrange for termination of such employee. From and after the date of this Agreement and until the Sale Termination Date, Merchant shall not transfer or dismiss Retained Employees except “for cause” without Agent’s prior consent. Notwithstanding the foregoing, Agent shall not have the right to terminate the actual employment of any Retained Employee, but rather may only cease using such employee in the Sale and paying any Expenses with respect to such employee.

  • Qualifying Termination of Employment A “Qualifying Termination of Employment” shall mean a termination of Executive’s employment during the Protected Period either (a) by the Company other than for Cause or (b) by Executive for a Good Reason. The Executive’s death or Disability during the Protected Period shall not constitute a Qualifying Termination of Employment.

  • Condition of Employment The Employee acknowledges that his/her employment and the continuance of that employment with the Company is contingent upon his/her agreement to sign and adhere to the provisions of this Agreement. The Employee further acknowledges that the nature of the Company’s business is such that protection of its proprietary and confidential information is critical to its survival and success.

  • Employment of Employee (a) Except as provided in Sections 2(b), 2(c) and 2(d), nothing in this Agreement shall affect any right which Employee may otherwise have to terminate Employee's employment, nor shall anything in this Agreement affect any right which the Company may have to terminate Employee's employment at any time in any lawful manner. (b) In the event of a Potential Change in Control, to be entitled to receive the benefits provided by this Agreement, Employee will not voluntarily leave the employ of the Company, and will continue to perform Employee's regular duties and the services specified in the recitals of this Agreement until the Change in Control Date. Should Employee voluntarily terminate employment prior to the Change in Control Date, this Agreement shall lapse upon such termination and be of no further force or effect. (c) If Employee's employment terminates on or after the Change in Control Date, the Company will provide to Employee the payments and benefits as provided in Sections 3 and 4. (d) If Employee's employment is terminated by the Company prior to the Change in Control Date but on or after a Potential Change in Control Date, then the Company will provide to Employee the payments and benefits as provided in Sections 3 and 4 unless the Company reasonably demonstrates that Employee's termination of employment neither (i) was at the request of a third party who has taken steps reasonably calculated to effect a Change in Control nor (ii) arose in connection with or in anticipation of a Change in Control. Solely for purposes of determining the timing of payments and the provision of benefits in Sections 3 and 4 under the circumstances described in this Section 2(d), Employee's date of termination shall be deemed to be the Change in Control Date.

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