Termination of Employment and Employment Agreement. Effective as of the date of this Agreement, (a) Executive's employment with the Company is terminated and (b) the Employment Agreement is terminated, of no further force or effect and superseded in its entirety by this Agreement, it being understood and agreed that Executive shall not be entitled to any payments or benefits whatsoever from the Company under the Employment Agreement or otherwise, except as expressly provided in this Agreement. Without limiting the foregoing, Executive shall not be entitled to receive compensation in respect of Executive's status as a director of the Company at any point on or after the date of this Agreement.
Termination of Employment and Employment Agreement. Except as otherwise specifically set forth herein, the Employment Agreement and Executive’s employment with the Company shall terminate effective as of the close of business on the Agreement Date. Executive acknowledges that he has resigned from any and all officerships, directorships, committee memberships and all other elected or appointed positions, of any nature, that Executive held immediately prior to the Agreement Date with the Company and/or any of its affiliates, all effective as of the close of business on the Agreement Date.
Termination of Employment and Employment Agreement. The parties hereby acknowledge and agree that Consultant’s employment with the Company Group shall terminate effective as of December 31, 2017 (the “Effective Date”).
Termination of Employment and Employment Agreement. Notwithstanding any provision in the Employment Agreement, Company and Executive shall voluntarily sever Executive’s employment with Company effective December 1, 2008 (the “Termination Date”). Executive hereby resigns from all offices, positions, titles and capacities Executive held with Company and its affiliates, effective on the Termination Date. Company hereby accepts this resignation. Subject to and conditional upon Executive executing this Agreement and not revoking his acceptance hereof within the timeframes specified below, the Employment Agreement is hereby terminated, cancelled, null and void and of no further force and effect, and the rights, duties and obligations of the parties shall be governed solely by this Agreement.
Termination of Employment and Employment Agreement. You hereby agree that notwithstanding anything to the contrary in your Employment Agreement, your employment with the Company and, except as described in Section 3 hereof, your Employment Agreement shall terminate at the Closing. In consideration for such termination and subject to you executing and not revoking the Release described in Section 7(i) of the Employment Agreement, you will be entitled to receive at or reasonably promptly after Closing, in a one time lump sum payment, the payments provided for in Sections 7(e)(3) and 7(d)(2) of the Employment Agreement. In addition, you will receive health insurance coverage for one year from your current private German health insurance company, provided the premium for such coverage is not to be materially greater than the premium you paid for such coverage in 2008. At the Closing the Company shall execute and deliver to you the Release described in Section 7(j) of the Employment Agreement. Except for your entitlement to the payments described in this Section 2 and your obligation under Section 3 below, the parties shall have no rights or obligations under the Employment Agreement following the Closing.
Termination of Employment and Employment Agreement. Consultant has been employed as the Co-Chief Executive Officer of the Company pursuant to an employment agreement dated June 1, 2013, as same has been amended from time to time (the “Employment Agreement”). Consultant has tendered his resignation as an employee and executive officer of the Company, and the Company has accepted such resignation, to be effective as of December 31, 2015. The parties hereby expressly agree that (i) Consultant shall cease to be an employee and executive officer of the Company as of December 31, 2015, and (ii) the Employment Agreement is terminated in all respects as of December 31, 2015, and neither the Company nor Consultant shall have any further rights or obligations under the Employment Agreement on and after December 31, 2015.
Termination of Employment and Employment Agreement. Executive's employment shall terminate, effective at the close of business on April 23, 2003 (the "Separation Date"), as of which date Executive shall cease to be an officer and employee of the Company and shall cease to be an officer, director and employee of any of the Company's subsidiaries and affiliates. Except to the extent that certain provisions survive the termination of the Employment Agreement as provided therein or as provided in this Separation Agreement, the Employment Agreement is also terminated as of the Separation Date.
Termination of Employment and Employment Agreement. Effective immediately following the Annual Shareholders’ Meeting of the Company, which is currently expected to be held on December 14, 2009 (the “Termination Date”), Employee’s employment with the Employer is hereby terminated and, except as provided herein, the Employment Agreement is terminated. As of the Termination Date, Employee shall resign from all positions with the Employer and its affiliates, including officerships and directorships, other than his membership on the Board of Directors of the Employer.
Termination of Employment and Employment Agreement. Employee's employment with the Company shall be terminated as of October 31, 2010. Earned but unpaid salary and unreimbursed expenses through the last day of employment will be paid in a lump sum within thirty (30) days of the Effective Date. Employee and the Company acknowledge and agree that both parties are subject to the Employment Agreement, an Indemnification Agreement dated May 12, 2006 (“Indemnification Agreement”) and a Confidential Information and Inventions Agreement (“CIIA”) executed on July 21, 2005. In consideration of the payments and other consideration set forth herein, the Employment Agreement shall terminate effective as of the Effective Date, except for those provisions of Section 9 which shall remain in full force and effect, and Employee shall abide by the post-employment restrictions and obligations set forth in the CIIA, and the Company shall abide by the post-employment obligations of the Indemnification Agreement.
Termination of Employment and Employment Agreement. Employer and Employee hereby mutually agree that the employment of Employee by Employer is hereby terminated, which termination shall be effective as of September 26, 1997 (the "Termination Date") and that the Employment Agreement dated January 1, 1997 is hereby mutually terminated as of the Termination Date. The termination of employment hereunder shall be deemed to be a termination of employment "without cause" as such term was utilized in the Employment agreement. The terms and conditions of this Agreement shall be deemed irrevocable upon the execution hereof by Employer and Employee, except upon the mutual agreement of both parties.
