Separation; Transition Term Sample Clauses
Separation; Transition Term. Executive hereby confirms that she ceased to serve the Company as an officer and as Executive Vice President, Chief Strategy Officer and Business Development of the Company as of the Transition Date. Executive further hereby confirms her separation as an employee of the Company and any of its subsidiaries and affiliates effective as of the Separation Date or such earlier date if Executive’s employment is terminated before the Separation Date in accordance with subparagraph 2(d) below. Executive’s employment with the Company will automatically terminate effective as of the Separation Date, unless earlier terminated in accordance with subparagraph 2(d) below. The period of Executive’s employment hereunder is referred to in this Agreement as the “Transition Term.” Executive may engage in other employment or business ventures during the Transition Term provided that she gives notice to the Company’s Chief Operating Officer, and provided that any employment or business venture does not breach Executive’s obligations under this Agreement or the Employment Agreement.
Separation; Transition Term. Ill hereby confirms his separation from the Company as its Executive Vice President-Sales, Services and Marketing and as an officer of any of the Company’s subsidiaries and affiliates effective as of the Transition Date. Ill further hereby confirms his separation as an employee of the Company and any of its subsidiaries and affiliates effective as of the Separation Date or such earlier date if Ill’s employment is terminated before the Separation Date in accordance with subparagraph 2(d) below. Ill’s employment with the Company will automatically terminate effective as of the Separation Date, unless earlier terminated in accordance with subparagraph 2(d) below. The period of Ill’s employment hereunder is referred to in this Agreement as the “Transition Term”. Except as otherwise provided herein, Ill may not have any other employment or engage in any other business venture during the Transition Term unless Ill obtains prior written approval from the Company’s Chief Executive Officer.
Separation; Transition Term. ▇▇▇▇▇▇▇ and Company hereby confirm that ▇▇▇▇▇▇▇’▇ employment with Company will end effective as of the Anticipated Separation Date, unless earlier terminated in accordance with Section 5. Unless earlier terminated, ▇▇▇▇▇▇▇’▇ employment with Company will automatically terminate effective as of the Anticipated Separation Date without further action by either Company or ▇▇▇▇▇▇▇. For purposes of this Agreement, the actual date of ▇▇▇▇▇▇▇’▇ termination of employment is the “Separation Date” and the period of ▇▇▇▇▇▇▇’▇ employment from the Effective Date through the Separation Date is the “Transition Term.”