Common use of Termination of Employment; Resignation Clause in Contracts

Termination of Employment; Resignation. EMPLOYEE acknowledges and agrees that his employment by IDT terminated on the Termination Date, and that he will be deemed to have resigned from all officer positions and directorships that he may hold with IDT (or otherwise at the request of IDT) at such time including without limitation as an officer of IDT Telecom. On or prior to the Termination Date, EMPLOYEE shall execute and deliver a resignation letter from such officer positions and directorships in the form attached hereto as Exhibit C. EMPLOYEE acknowledges and agrees that he is due no other compensation, commission payments, benefits or other consideration of any kind other than as specifically identified in this Agreement and the Consulting Agreement.

Termination of Employment; Resignation. EMPLOYEE acknowledges and agrees that his employment by IDT terminated will terminate on the Termination Date, and that he will be deemed to have resigned from all officer positions and directorships that he may hold with IDT (or otherwise at the request of IDT) upon execution of this Agreement, other than his position as General Counsel of IDT Telecom from which he shall resign at such time including without limitation as an officer the end of the Transition Period (or upon the earlier request of the CEO of IDT Telecom). On or prior to the Termination DateContemporaneously herewith, EMPLOYEE shall execute and deliver a resignation letter from such officer positions and directorships in the form attached hereto as Exhibit C. D. EMPLOYEE acknowledges and agrees that he is due no other compensation, commission payments, benefits or other consideration compensation of any kind other than as specifically identified in this Agreement and the Consulting Agreement.

Termination of Employment; Resignation. EMPLOYEE acknowledges and agrees that his employment by IDT terminated on the Termination Date, and that he will be deemed to have resigned from all officer positions and directorships that he may hold with IDT (or otherwise at the request of IDT) at such time including without limitation as an officer of IDT TelecomCorporation. On or prior to the Termination Date, EMPLOYEE shall execute and deliver a resignation letter from such officer positions and directorships in the form attached hereto as Exhibit C. A. EMPLOYEE acknowledges and agrees that he is due no other compensation, commission payments, benefits or other consideration of any kind other than as specifically identified in this Agreement and the Consulting Agreement.