Severance of Employment Relationship. The administration and the AAUP recognize that efforts should be made to prevent serious personnel problems from arising. When necessary, disciplinary actions may be taken, using the provisions described in Section E below. At times it may be necessary for an individual member of the bargaining unit to sever their professional relationship or for the administration to sever the professional relationship. Such severance may take place in any of the following ways:
Severance of Employment Relationship. At times it may be necessary for an individual member of the bargaining unit or for the administration to sever their professional relationship. Such severance may take place in any of the following ways:
Severance of Employment Relationship. Employee and Ticketmaster agree and acknowledge that Employee will cease to be employed by Ticketmaster effective as of , 200 (the “Termination Date”). Employee hereby confirms his/her agreement and understanding that as of such Termination Date: (a) Employee will have no further continuing right to be employed by Ticketmaster; (b) Employee will no longer hold himself/herself out as an employee of Ticketmaster; (c) Employee will have received all compensation, expense reimbursement and other benefits to which he/she is or may be entitled to receive as an employee of Ticketmaster through the Termination Date, including but not limited to payment for all accrued but unused vacation time; and (d) Employee will have returned to Ticketmaster any and all documents, agreements, records, instruments, office equipment, keys and other property of Ticketmaster (and copies thereof) that are in his/her possession or under his/her control, if any. [Add if Employee was previously granted stock options and was terminated for cause after discussing with the General Counsel of Ticketmaster: Furthermore, Employee understands and agrees that he/she has been terminated for cause, and that any stock options that had been granted to him/her have been cancelled pursuant to the terms of his/her stock option agreement.]
Severance of Employment Relationship. (a) The Executive confirms, by executing this Agreement, that he has resigned his employment as Vice President of North American Sales with the Company, effective May 31, 1998.
(b) Upon execution of this Agreement by the Executive and the Company, the Company shall immediately pay to the Howaxx Xxxx Xxxst Account all unpaid monetary compensation for the period of June 1, 1998 through March 31, 1999, $100,615.38, plus unpaid bonus of $48,436.06, plus accrued but unpaid vacation of $8,076.92 (140 hours). Said payments
Severance of Employment Relationship. Aames and Mr. Xxxxx xxxee and acknowledge that Mr. Xxxxx xxxll voluntarily resign, under Section 7(a) of the Amended and Restated Employment Agreement dated September 12, 1996 between Aames and Mr. Xxxxx (xxe "Employment Agreement"), as President and Chief Executive Officer of Aames effective May 7, 1997 (the "Effective Date"). Mr. Xxxxx' xxtter of resignation shall be in the form attached hereto as Exhibit A (the "Letter of Resignation"). Effective on the Effective Date, the Employment Agreement shall be terminated and Mr. Xxxxx xxxll continue to serve as Chairman of the Board and commence his duties as a consultant to Aames pursuant to that certain Consulting Agreement between Aames and Mr. Xxxxx xx even date herewith (the "Consulting Agreement"). Mr. Xxxxx xxxeby confirms his agreement and understanding that as of the Effective Date (a) he will become a consultant to Aames and (b) he has received all compensation, expense reimbursements and other benefits (other than stock options granted to Mr. Xxxxx xxxor to the date hereof and currently outstanding) to which he may be entitled to receive under the Employment Agreement through the Effective Date, other than Base Salary (as defined in the Employment Agreement) through the Effective Date and reimbursement of expenses incurred prior to the Effective Date.
Severance of Employment Relationship. (a) Employee agrees and recognizes he was granted a retirement from employment with the City effective January 8th, 2012.
(b) Xxxxxxx shall continue to receive his base salary until June 30, 2012.
(c) Upon separation the city agrees to pay Xxxxxxx his July 1, 2012 hourly rate for all accrued vacation, holiday and compensatory time.
(d) Xxxxxxx shall be granted family health insurance as provided to the Bargaining Unit at the City's expense with no cost sharing until Xxxxxxx reaches the age of Sixty-five (65) years.
(e) After Xxxxxxx reaches the age of Sixty-five (65) he is eligible to continue on one of the City's retiree health insurance plans at no cost and his current dependents shall remain under full city coverage until ineligible due to age or Medicare coverage.
Severance of Employment Relationship. (a) Employee agrees and recognizes his contract was not renewed and he has applied for a retirement from MERS effective January , 2012.
(b) The City agrees to pay the lump-sum equivalent of one year’s base salary and payment of all COBRA benefits for Xxxxx for one year from the date of separation.
(c) The City agrees to pay all accrued vacation, holiday and compensatory time.
(d) The City has agreed to make Xxxxx eligible for participation in the unaffiliated employees retirement health savings plan upon proof of his retirement in the total amount of $21,000.
(e) The City agrees to waive the repayment of the $1,374.01 owed to the City as repayment of his payroll conversion loan.
(f) Upon proof of retirement, Xxxxx will be provided by the City a retiree identification card and a federal firearms-carry permit under Public Act 108-277, Chapter 14, Title 18, Section 926(a), Federal Law Enforcement Officers Safety Act.
