Terms of Separation Sample Clauses

Terms of Separation. ‌ Employees are given ninety (90) days’ notice of layoff and are expected to continue to work and receive salary with ongoing eligibility for the benefits in which they are currently enrolled. The ninety (90) day notice period is not paid in a lump sum. Employees may, but are not required, to take leave during the notice period. University career assistance is available upon request during the ninety (90) day notice period.

Terms of Separation. In consideration of the agreements by the Employee provided herein, including, without limitation, the release by the Employee in Section 4 below, the Company agrees as follows:

Terms of Separation. Dear Xxxxxx: This letter confirms the agreement between you and Silver Spring Networks, Inc. (the “Company”) concerning the terms of your separation and offers you the separation compensation we discussed in exchange for a release of claims.

Terms of Separation. In consideration of the agreements by the Employee provided herein, including, without limitation, the releases by the Employee in Paragraph 4 below and cancellation of the promissory note from the Company to the Employee dated December 1, 1994 ("Promissory Note") as provided in Paragraph 15(d) below, the Company agrees as follows: (a) In full satisfaction of any claims by the Employee in connection with his employment or the termination of his employment, including, but not limited to, any claims for compensation, bonus payments, fringe benefits, disability benefits, ownership rights, severance benefits, change in control benefits, out-placement services, relocation expenses, payments of principal and interest under the Promissory Note, life insurance premiums or coverage, membership fees and options, the Company shall, concurrently with the Company's receipt of the Waiver of Revocation described in Paragraph 11 below, do the following: (i) pay to the Employee a lump sum amount equal to $429,000 less all applicable deductions, and (ii) transfer to the Employee as owner/payor the Company's life insurance policies naming the Employee as the insured issued by Security-Connecticut Life Insurance Company, Policy Nos. 0008-47934E and 0008-41548R, free of loans, and (iii) deliver to the Employee restricted stock certificates as contemplated by Paragraph 15(f) below. (b) The Employee has ceased participation in all employee benefit plans of the Company effective as of the Separation Date, and the Company shall not be liable for any payments to or on behalf of the Employee in respect of any fringe benefits, except that (1) the Employee shall continue to be covered by the Company's health and group disability and life insurance plan until October 31, 1996, and (2) CNF Industries, Inc. will provide health coverage (i.e., medical and dental) to the Employee and his eligible dependents, without charge or tax, from October 31, 1996 until the earlier of June 30, 1999 or the first date that the Employee is covered under another employer's health benefit program without exclusion for any pre-existing medical condition. The foregoing health coverage shall be in lieu of any continued health care coverage to which the Employee or his dependents would otherwise, at the Employee's expense, be entitled in accordance with the requirements of Code Section 4980B by reason of termination of his employment."

Terms of Separation. The City Council may terminate this Agreement at any time. Upon termination of this Agreement, the City shall compensate the Interim City Manager up to the date of termination and the City shall owe no further benefit to the Interim City Manager. The Interim City Manager may resign at any time with a 30 days’ notice to the City Council. Resignation not consistent with this provision shall forfeit any payments to be received by the Interim City Manager under this Agreement that have not already been paid.

Terms of Separation. In consideration of the agreements by the Employee provided herein, including, without limitation, the releases by the Employee in Paragraph 4 below, the Company agrees as follows: (a) In full satisfaction of any claims by the Employee in connection with his employment or the termination of his employment, including, but not limited to, any claims for compensation (but subject to Section 12(e) below), severance payments or benefits, change in control benefits, and outplacement services, the Company shall pay to the Employee a lump sum amount equal to $95,700.00 less all applicable deductions within five (5) business days following the Separation Date. (b) The Employee has ceased participation in all employee benefit plans of the Company effective as of the Separation Date, and the Company shall not be liable for any payments to or on behalf of the Employee in respect of any fringe benefits. The foregoing shall not be in lieu of any continued health care coverage to which the Employee or his dependents would otherwise, at the Employee's expense, be entitled in accordance with the requirements of Code Section 4980B by reason of termination of his employment. (c) The Employee's employment will be deemed terminated effective on the Separation Date. (d) The Company will deduct and withhold, from the compensation payable to the Employee under this Agreement, any and all Federal, State and local income and employment withholding taxes and any other amounts required to be deducted or withheld by the Company under the applicable statute or regulation.

Terms of Separation. The Company agrees to provide Employee, upon ------------------- receipt of the signed Agreement, and the expiration of any revocation period set forth in Paragraph 5.C. below, the following compensation and benefits, provided that Employee does not exercise any right to revocation contained herein:

Terms of Separation. Dear Xxx: This letter confirms the agreement (this “Agreement”) between you and Ipsidy Inc. (the “Company”), concerning your separation from the Company. You and the Company shall collectively be referred to as the “Parties.”

Terms of Separation. In the event Employee is terminated by the City without cause, the City will award to the Employee a lump sum payment of four (4) months base salary, plus continue to make the full-required payments for Employee's group insurance policies for health coverage

Terms of Separation. Dear Ahmed: This letter confirms represents the agreement (“Agreement”) between you and Fortinet, Inc. (the “Company”) concerning the terms of your separation from the Company. For good and valuable consideration, the receipt and sufficiency of which are agreed by each of the parties signing below, the parties signing below hereby agree as follows.