Transition and Retirement Sample Clauses
Transition and Retirement. Effective August 1, 2020, the Executive shall resign from his position as Senior Vice President and Chief Technology Officer of the Company and of the Parent and from all other positions he holds as an officer or director of the Company or any of its subsidiaries or as an officer of the Parent, and commence his position as Senior Advisor to aid with the transition of his duties to his successor. Effective July 1, 2021 (the “Retirement Date”), the Executive shall resign from his position as Senior Advisor, and the Executive’s employment with the Company will terminate at the end of the day on the Retirement Date. From the date of this Agreement through the Retirement Date the Executive shall use his best efforts to cooperate with the transition of his duties to his successor as directed by Parent’s Board of Directors (the “Board”) and shall perform services on a substantially full-time basis.
Transition and Retirement. Effective April 1, 2023, the Executive shall resign from his position as Executive Vice President and President of the Defense & Space Segment of the Company and of the Parent and from all other positions he holds as an officer or director of the Company or any of its subsidiaries or as an officer of the Parent, and commence his position as Senior Advisor to aid with the transition of his duties to his successor. Effective April 1, 2024 or such other date as may be mutually agreed (the “Retirement Date”), the Executive shall resign from his position as Senior Advisor, and the Executive’s employment with the Company will terminate at the end of the day on the Retirement Date. From the date of this Agreement through the Retirement Date the Executive shall use his best efforts to cooperate with the transition of his duties to his successor as directed by ▇▇▇▇▇▇’s Board of Directors (the “Board”).
Transition and Retirement