Transition and Separation from Employment. The Parties agree that Executive's initial transition from his role as Executive Vice-President, Chief Financial Officer and Treasurer of First Charter and the Bank shall start on May 17, 2007 (the "Transition Date"). Despite Executive's transition from his positions, the Parties agree that following Executive's signing of this Agreement, and provided all conditions of this Agreement are met by Executive, after the Transition Date, Executive shall voluntarily relinquish his duties and responsibilities as Chief Financial Officer and Treasurer but continue to be employed by First Charter as Executive Vice-President for a period through August 17, 2007 (the "Separation Date"), upon which Executive's official employment with First Charter, the Bank and/or their related subsidiaries in all capacities shall end. The Parties further agree that the period from the May 17, 2007 Transition Date through the August 17, 2007 Separation Date shall collectively be defined and referred to as the "Transition Period". The Parties agree that during the Transition Period, Executive will work and reasonably cooperate with First Charter and its officers and employees as needed and requested in providing advice and assistance regarding the transition of his position responsibilities, including but not limited to work on the completion of financial and other records and other specific project assignments and transition issues that may arise regarding subject matters that are within the current scope of his job duties, responsibilities and expertise. In addition, during such period, First Charter agrees to coordinate with Executive regarding work scheduling such that his transition assistance does not unreasonably interfere with any search for other employment. The Parties expressly acknowledge and agree that notwithstanding the terms of Executive's April 13, 2005 Employment Agreement with First Charter (the "Employment Agreement"), this Agreement is and will be enforceable and First Charter will be in compliance with this provision 1 provided Executive is paid his applicable regular compensation and benefits as modified in provision 3 below through the Separation Date, whether or not he is actually required to perform complete, full-time services for First Charter during the Transition Period. In addition, except for Executive's opportunity to obtain continuation medical coverage as allowed by and pursuant to COBRA or as otherwise set forth in provisions 3 and 4 below, Executive'...
Transition and Separation from Employment. Your separation from employment will occur on December 31, 2020 (“Separation Date”). The period between the date of this letter agreement and the Separation Date is referred to in this letter agreement as your “Transition Period.” On your Separation Date, you will relinquish any and all positions that you have held with the Company and you will not be considered a Company employee for any purpose after that date.
Transition and Separation from Employment. 4.1 The Company will continue Xx. Xxxxxxxxxxx'x employment until February 21, 2020, subject to the Company's right to terminate Xx. Xxxxxxxxxxx for cause based on Xx. Xxxxxxxxxxx’x conduct after the date hereof.
4.2 Xx. Xxxxxxxxxxx will step down as Corporate Vice President and Chief Financial Officer and as an elected officer, effective February 17, 2020.
4.3 Xx. Xxxxxxxxxxx will serve as an appointed Vice President reporting to Xx. Xxxxx Xxxxxx, to help facilitate a smooth transition, and continue as a full-time employee up to and including his Separation Date.
4.4 Xx. Xxxxxxxxxxx'x last day of employment with the Company will be February 21, 2020 ("Separation Date"). Xx. Xxxxxxxxxxx agrees with the Company that the end of his employment constitutes (i) a "Qualifying Termination" under the Severance Plan, and (ii) a "Termination" under Section 4 of the 2019 Restricted Performance Stock Rights Grant Agreement, 2019 Restricted Stock Rights Grant Agreement, 2017 and 2018 Terms and Conditions Applicable to Restricted Performance Stock Rights, and 2017 and 2018 Terms and Conditions Applicable to Restricted Stock Rights.
4.5 The terms of this Agreement are fully binding on Xx. Xxxxxxxxxxx and the Company effective upon Xx. Xxxxxxxxxxx’x "First Signature" below.
4.6 At the same time as the Company pays bonuses to other senior executives under the Company’s Annual Incentive Plan, the Company will pay Xx. Xxxxxxxxxxx his bonus for 2019 determined with an individual performance factor set at 1.00 and otherwise determined in the same manner as applied to other senior executives of the Company.
4.7 At the same time as Restricted Performance Stock Rights (RSPR) and Restricted Stock Rights (RSR) are settled for other senior executives of the Company, the Company will settle Xx. Xxxxxxxxxxx’x 2017 RSPRs and RSRs on the same basis as similar awards are settled for other senior executives.
4.8 On the Separation Date, or later subject to any legal or regulatory restrictions, the Company will pay to Xx. Xxxxxxxxxxx all unpaid base salary and vacation pay accured through the Separation Date.
Transition and Separation from Employment. Dear Xxx: This letter agreement (the “Agreement and Release” or the “Agreement”) between you and Knight Capital Americas LLC, a Delaware limited liability company, having its principal place of business at 000 Xxxxxxxxxx Xxxxxxxxx, Xxxxxx Xxxx, XX 00000 and Knight Capital Group, Inc., a Delaware corporation (hereinafter collectively referred to with Knight Capital Americas LLC as “Knight” or the “Company”), confirms our understanding and agreement with respect to your termination of employment with the Company, which is subject to the closing of the sale of the U.S. assets of the Company’s Institutional and Fixed Income Sales and Trading business (“KFI”) to Xxxxxx, Xxxxxxxx & Company, Incorporated (“Stifel”) and the release of the U.K. employees of KFI to Stifel, as follows:
Transition and Separation from Employment. Effective as of December 7, 2023 (“Transition Date”) and subject to Section 2 below, Employee shall step down from Employee’s position as Chief Commercial Officer of Option Care Health, Inc. (“OPCH”) and his officer positions with OPCH and Option Care and shall be relieved of all duties with respect to OPCH, Option Care and their affiliates, except as otherwise set forth herein. For the period between the Transition Date and March 31, 2024 (“Termination Date,” and such period, the “Transition Period”), Employee shall be considered a non-executive employee of Option Care, serving as “Special Advisor” to the Chief Executive Officer of Option Care, during which period Employee’s duties shall be limited to consulting on transition matters relating to Employee’s prior duties to Option Care. Subject to Section 2 below, as of the Termination Date, Employee’s employment with Option Care will be terminated by Option Care without Cause.
Transition and Separation from Employment. Effective as of January 31, 2023 (the “Transition Date”), you will resign from your position as Chief Technology Officer of the Company and will be relieved of all duties, except as otherwise set forth herein. For the entire period between the Transition Date and March 30, 2023 (the “Separation Date,” and such period the “Transition Period”) you will be considered a non-executive “Advisor” to the Company, during which your duties will be limited to consulting on transition matters relating to your separation from the Company. By no later than the Separation Date, the Company will provide you a sum that represents all of your earned but unpaid compensation (the “Final Pay”). You are not required to sign this Agreement to receive your Final Pay.
Transition and Separation from Employment. Effective as of November 16, 2023 (the “Transition Date”), you will resign from your position as Chief Financial Officer of the Company and will be relieved of all duties with respect to the Company and Parent, except as otherwise set forth herein. For the entire period between the Transition Date and January 1, 2024 (the “Separation Date,” and such period the “Transition Period”) you will be considered a non-executive “Advisor” to the Company, during which your duties will be limited to consulting on transition matters relating to your separation from the Company and assisting other initiatives and matters requested by the Chair of the Board from time to time prior to your Separation Date. By no later than the Separation Date, the Company will provide you a sum that represents all of your earned but unpaid compensation (the “Final Pay”). You are not required to sign this Agreement to receive your Final Pay.
Transition and Separation from Employment. Effective as of November 16, 2023 (the “Transition Date”), you will resign from your position as President and Chief Executive Officer of the Company and as a member of the Board of Directors of Parent (“the Board”) and will be relieved of all duties with respect to the Company and Parent, except as otherwise set forth herein. For the entire period between the Transition Date and May 16, 2024 (the “Separation Date,” and such period the “Transition Period”) you will be considered a non-executive “Advisor” to the Company, during which your duties will be limited to consulting on transition matters relating to your separation from the Company and assisting in other initiatives requested by the Chair of the Board and successor Chief Executive Officer from time to time prior to your Separation Date. The parties acknowledge that during the Transition Period, you will perform services at a level that will not constitute a “separation from service” for purposes of Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”). By no later than the Separation Date, the Company will provide you a sum that represents all of your earned but unpaid compensation (the “Final Pay”). You are not required to sign this Agreement to receive your Final Pay.
Transition and Separation from Employment. Effective as of September 29, 2022 (the “Transition Date”), you have resigned from your position as Chief Marketing Officer of the Company and have been relieved of all duties, except as otherwise set forth herein. For the entire period between the Transition Date and December 30, 2022 (the “Separation Date,” and such period the “Transition Period”) you will be considered a non-executive “Advisor” to the Company and will not be required to work in excess of five (5) hours a week for the Company, during which your duties will be limited to consulting on transition matters relating to your separation from the Company. By no later than the Separation Date, the Company will provide you a sum that represents all of your earned but unpaid compensation (the “Final Pay”). You are not required to sign this Agreement to receive your Final Pay.
Transition and Separation from Employment. Employee’s employment with the Company in his role as the Chief Financial Officer shall continue until the earlier of (a) March 31, 2024 or such later date as the Company requests for you to continue in your role as Chief Financial Officer, but such later date shall not be after June 30, 2024, or such later date as the Parties may mutually agree to in writing, or (b) if the Company appoints your successor as Chief Financial Officer prior to March 31, 2024, such date that the Company determines that the transition of your knowledge and duties as Chief Financial Officer to such successor Chief Financial Officer is complete (such date, the “CFO Transition Date”), which shall be no later than the Separation Date. You shall remain an employee through earlier of (i) your termination of employment, or (ii) June 30, 2024 or such later date as the Parties may mutually agree in writing. You agree to travel to the Company’s Boston headquarters consistent with past practice as well as other customary and ordinary business travel. You agree to continue to utilize your best efforts in the performance of your duties as the Company’s Chief Financial Officer through March 31, 2024, and for the period from April 1, 2024 through the CFO Transition Date if after March 31, 2024, you will continue to use your best efforts in the performance of your duties as reasonably assigned by the Company. The actual date of the termination of your employment is herein referred to as the “Separation Date.” Consistent with past practice, you will be allowed to enter into advisory agreements with other companies which do not compete with the Company upon approval by the Company which will not be unreasonably withheld. You acknowledge and agree that you were provided a copy of this Agreement on October 23, 2023 (the “Notification Date”). This Agreement is intended to provide you with additional benefits and compensation than you would have otherwise been entitled. The period between the Notification Date and Separation Date is herein referred to as the “Transition Period.”
