SEPARATION/TRANSITION Sample Clauses

The SEPARATION/TRANSITION clause outlines the procedures and obligations that apply when an employee leaves a company, whether voluntarily or involuntarily. It typically addresses issues such as the return of company property, final compensation, continuation of benefits, and the handling of confidential information or intellectual property. By clearly defining the steps and responsibilities during the transition period, this clause helps ensure a smooth and orderly separation process, minimizing disputes and protecting both parties' interests.
SEPARATION/TRANSITION. The Executive’s employment as Executive Vice President and Managing Partner, Culture Shaping shall terminate as of the close of business on the Separation Date. The Executive hereby resigns from all other officer, director and other positions with the Company and any and all of its affiliates effective as of the close of business on the Separation Date. Through the Separation Date, the Executive shall take reasonable and appropriate actions to cooperatively and smoothly transition the duties and responsibilities of the position of Executive Vice President and Managing Partner, Culture Shaping as directed. Through the Separation Date, the Executive will (a) be paid the Executive’s currently monthly salary ($29,166.67 per month), and (b) be eligible to participate in all benefit plans and programs available to employees of ▇▇▇▇▇▇▇▇ & Struggles, Inc. generally, in accordance with the terms of such plans and programs. Any business expenses properly incurred by the Executive prior to the Separation Date will be reimbursed in accordance with the Company’s expense reimbursement policy.
View SourceView Similar (3)
SEPARATION/TRANSITION. The Executive’s employment as Executive Vice President, General Counsel, Chief Administrative Officer and Secretary shall terminate as of the close of business on the Separation Date. The Executive hereby resigns from all other officer, director and other positions with the Company and any and all of its affiliates effective as of the close of business on the Separation Date. Through the Separation Date, the Executive shall take reasonable and appropriate actions to cooperatively and smoothly transition the duties and responsibilities of the position of Executive Vice President, General Counsel, Chief Administrative Officer and Secretary as directed. Through the Separation Date, the Executive will (a) be paid the Executive’s currently monthly salary ($35,416.67 per month), (b) be paid the Executive’s bonus cash deferral amount of $60,516 on or before January 12, 2018, and (c) be eligible to participate in all benefit plans and programs available to employees of ▇▇▇▇▇▇▇▇ & Struggles, Inc. generally, or provided by the Letter Agreement, in accordance with the terms of such plans programs or contracts. Any business expenses properly incurred by the Executive prior to the Separation Date will be reimbursed in accordance with the Company’s expense reimbursement policy.
View Source
SEPARATION/TRANSITION. Except as expressly provided in Section 1(d) below, on the Separation Date (i) Employee’s employment and any other service relationships (if any) (collectively, “Service”) with the Company, Parent and any and all of their respective subsidiaries and affiliates (together, the “Company Group”) shall terminate, and (ii) Employee shall cease to be an employee and, if applicable, officer or other Service provider of each member of the Company Group. From the date hereof through and including the Separation Date, Employee shall remain in employment with the Company on the same terms and subject to the same conditions as currently in effect, including cash compensation, incentive equity vesting and participation in benefits programs. For clarity, Employee acknowledges and agrees that nothing contained in this Section 1(a) or otherwise in this Agreement shall constitute or give rise to “good reason” or any similar concept under the Employment Agreement or any other agreement with Employee or entitle Employee to any severance or separation payments or benefits except as expressly provided in this Agreement. b.
View Source
SEPARATION/TRANSITION. The Executive ceased to be the Chief Executive Officer on July 15, 2013; thereafter, Executive remained an employee (not an officer) until the Separation Date. The Executive has resigned from all other officer, director and other positions with the Company and any and all of its affiliates effective as of the close of business on the Separation Date. Through the Separation Date, the Executive was (a) paid the Executive’s currently monthly salary ($70,000 per month), and (b) was eligible to participate in all benefit plans and programs available to employees of ▇▇▇▇▇▇▇▇ & Struggles, Inc. generally, in accordance with the terms of such plans and programs. All business expenses properly incurred by the Executive prior to the Separation Date have been reimbursed in accordance with the Company’s expense reimbursement policy; Executive acknowledges that he is responsible for all personal charges on his Corporate American Express card.
View Source
SEPARATION/TRANSITION. (a) The Employee’s employment as Senior Vice President & Chief Financial Officer of the Company will terminate as of the close of business on the Separation Date. Through the Separation Date, the Employee will continue to: (i) serve as an employee of the Company with the same duties and responsibilities as before, (ii) be paid the Employee’s currently weekly salary ($5,673.08 per week), and (iii) be eligible to participate in all benefit plans and programs available to employees of Schawk USA Inc. generally, in accordance with the terms of such plans and programs. (b) From June 1, 2008 through December 31, 2008, or an earlier date as mutually agreed upon by the Company and the Employee (the “Termination Date”) (this period shall be referred to as the “Transition Period”), the Employee will be relieved of his customary duties and responsibilities and shall no longer report to any office of the Company; provided, however, the Employee shall make himself available during business hours, as requested by the Company, for meetings and phone consultation with Company personnel at a maximum of eight (8) hours per week. During the Transition Period, the Employee will: (i) take reasonable and appropriate actions to cooperatively and smoothly transition the duties and responsibilities of the position of Chief Financial Officer to his successor, (ii) be paid a weekly salary of $1,200, and (iii) be eligible to participate in the Company’s medical, dental and vision plans, in accordance with the terms of such plans and programs. Any business expenses properly incurred by the Employee prior to the Termination Date will be reimbursed in accordance with the Company’s expense reimbursement policy. (c) In the event the Employee voluntarily resigns prior to the Termination Date, the Employee shall not be eligible for any of benefits or payments provided for in this Agreement.
View Source

Related to SEPARATION/TRANSITION

  • The Separation Subject to the satisfaction or waiver (in accordance with the provisions of Section 4.3) of the conditions set forth in Section 4.3, each of MII and B&W will use commercially reasonable efforts to take, or cause to be taken, any actions, including the transfer of Assets and the assumption of Liabilities, necessary to effect the Separation on or prior to the Distribution Date. As of and after the Distribution Time, B&W and its Subsidiaries shall, as between the B&W Group and the MII Group, be responsible for all B&W Liabilities, regardless of when or where such B&W Liabilities arose or arise, or whether the facts on which they are based occurred prior to or subsequent to the date hereof, regardless of where or against whom such B&W Liabilities are asserted or determined or whether asserted or determined prior to, at or after the date hereof, and regardless of whether arising from or alleged to arise from negligence, recklessness, violation of statute or Law, fraud or misrepresentation, breach of contract or other theory, by any member of the MII Group or the B&W Group or any of their respective directors, officers, employees, agents, Subsidiaries or Affiliates. As of and after the Distribution Time, MII and its Subsidiaries shall, as between the MII Group and the B&W Group, be responsible for all MII Liabilities, regardless of when or where such MII Liabilities arose or arise, or whether the facts on which they are based occurred prior to or subsequent to the date hereof, regardless of where or against whom such MII Liabilities are asserted or determined or whether asserted or determined prior to, at or after the date hereof, and regardless of whether arising from or alleged to arise from negligence, recklessness, violation of statute or Law, fraud or misrepresentation, breach of contract or other theory, by any member of the MII Group or the B&W Group or any of their respective directors, officers, employees, agents, Subsidiaries or Affiliates. Subject to Section 3.8(f), each of MII and B&W agrees on behalf of itself and each of its Subsidiaries as of the Distribution Time that the provisions of the Tax Sharing Agreement shall exclusively govern the allocation of Assets and Liabilities related to Taxes.

  • Separation Any employee who has been employed for at least six (6) continuous months will be entitled to payment for vacation leave credits when they: A. Resign with adequate notice; B. Retire; C. Are laid-off; or D. Are terminated by the Employer. In addition, the estate of a deceased employee will be entitled to payment for vacation leave credits.

  • Transition Plan In the event of termination by the LHIN pursuant to this section, the LHIN and the HSP will develop a Transition Plan. The HSP agrees that it will take all actions, and provide all information, required by the LHIN to facilitate the transition of the HSP’s clients.

  • Contract Transition Upon Contract expiration or termination, the Contractor shall ensure a seamless transfer of Contract responsibilities with any subsequent Contractor necessary to transition the Products and services of the Contract. The incumbent Contractor assumes all expenses related to the contract transition.

  • Transition Seller will not take any action that is designed or intended to have the effect of discouraging any lessor, licensor, customer, supplier, or other business associate of the Company from maintaining the same business relationships with the Company after the Closing as it maintained with the Company prior to the Closing. The Seller will refer all customer inquiries relating to the business of the Company to the Purchaser from and after the Closing.