Transition Period and Separation of Employment Sample Clauses

Transition Period and Separation of Employment. Your employment with the Company shall conclude on the Separation Date. Following the Separation Date, you shall not be and shall not represent yourself as an employee or agent of the Company.
Sample 1
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Transition Period and Separation of Employment. A. Between the Effective Date and the Separation Date (the “Transition Period”), Executive will remain an employee of Company. Company shall continue to pay Executive the base salary, reimbursable business expenses and all employee benefits provided to Executive as of the Effective Date in accordance with Company’s standard practices.
Sample 1
Transition Period and Separation of Employment. The Company provided you with a written notice of termination without cause on August 8, 2023. Both parties agree that you will remain employed with the Company through the earlier of (1) the date when you begin other employment as an employee or (2) March 31, 2024 (the last day of which shall be referred to as the “Separation Date”). The period of time from August 9, 2023 until the Separation Date shall be referred to as the “Transition Period.” During the Transition Period, you will be assigned work on certain strategic projects of the Company, including without limitation the following: (1) the SBAC credit facility; (2) subsidiary boards; (3) the Ensurety workout; (4) FEIC – UK insurer; (5) FEIC – Belgium; (6) FEIC – Malta; and (7) such other assignments as may be given to you by the Company’s CEO. Some of your work assignments during the Transition Period may require business travel, including international travel, and you agree to engage in such travel as required by the duties of the job. The Company does not plan to assign you to perform full-time work during the Transition Period, as it intends to permit you to devote significant time and attention to conducting a job search.
Sample 1
Transition Period and Separation of Employment. (a) Xx Xxxxxxxxxxx and the Company agree that Xx Xxxxxxxxxxx’x employment will terminate on 5:00 p.m. on April 30, 2019 (the “Planned Separation Date”), unless: (i) Xx Xxxxxxxxxxx resigns or (ii) Xx Xxxxxxxxxxx is terminated for Cause (as defined in that certain October 1, 2013 letter employment agreement (the “Employment Agreement”)). Xx Xxxxxxxxxxx’x employment may be extended by mutual agreement of the Company and Xx Xxxxxxxxxxx if: (i) the Company notifies Xx Xxxxxxxxxxx no later than sixty (60) days in advance of its intention to extend the last day of employment through a communication from its Chief Executive Officer (“CEO”) and (ii) Xx Xxxxxxxxxxx agrees in writing to such extension, in which case, the new date agreed upon for Xx Xxxxxxxxxxx’x separation shall be the “Extension Date”. The actual last date of Xx Xxxxxxxxxxx’x employment, whether it is the Planned Separation Date, the Extension Date or otherwise shall be the “Retirement Date” and the time period between the date he enters into this Agreement and the Retirement Date shall be referred to as the “Transition Period.” Xx Xxxxxxxxxxx shall be paid his full compensation and participate in full benefits through the Retirement Date at the same levels he received immediately before entering into this Agreement. For clarity and the avoidance of doubt, Xx Xxxxxxxxxxx shall be eligible for a grant of restricted stock units (“RSUs”) for performance in 2018 under the 2011 Equity Incentive Plan (the “Plan”), and an award of vested Common Stock (the “LTIP Stock”) for performance in 2018 under the Company’s Performance Long Term Incentive Plan (the “LTIP”), with the amount of such LTIP Stock to be determined and issued in accordance with the terms and provisions of the LTIP. In addition, to the extent Xx Xxxxxxxxxxx remains employed under this Agreement after the Planned Separation Date, then the Company shall reimburse Xx Xxxxxxxxxxx for his temporary housing expenses, including an amount to gross up such reimbursements for any income taxes imposed on such reimbursements.
Sample 1

Related to Transition Period and Separation of Employment

  • Termination of Employment Period The employment of the Employee by the Company pursuant to this Agreement shall terminate upon the occurrence of any of the following:

  • Separation of Employment Your employment with the Company has terminated, without cause, effective January 28, 2015 (the “Separation Date”). You understand and acknowledge that, from and after the Separation Date, you shall have no authority and shall not represent yourself as an employee or agent of the Company or any of its affiliates. Notwithstanding the foregoing, you agree that you will cooperate with the Company’s reasonable requests for information and assistance in connection with the transitioning of your duties.

  • Termination of Employment Generally In the event the Executive’s employment with the Company terminates, for any reason whatsoever including death or disability the Executive shall be entitled to the benefits described in this Section 2.2.

  • Term; Termination of Employment The term of this Agreement (the “Term”) begins on the Effective Date and will end, along with Executive’s employment with the Company, on the earliest to occur of the following events.

  • Duration of Employment This Agreement and the employment relationship hereunder will continue in effect for five years from January 1, 2016 through December 31, 2020. It may be extended beyond December 31, 2020 by mutual, written agreement at any time. In the event of the Executive’s termination of employment during the term of this Agreement, the Company will be obligated to pay all base salary, bonus and other benefits then accrued, as well as cash reimbursement for all accrued but unused vacation, plus, if applicable, the additional payments provided for in Sections 6.1, 6.2, 6.3, 6.5, 6.7 and 6.8 of this Agreement.

  • Termination of Employment Agreement (a) Effective as of the Effective Date and immediately prior to the Effective Time, the Employment Agreement is hereby terminated and shall be of no further force or effect whatsoever; provided, however, that, and notwithstanding anything in this Agreement to the contrary, such termination shall be contingent on the closing of the Merger.

  • Compensation Following Termination of Employment In the event that Executive's employment hereunder is terminated, Executive shall be entitled to the following compensation and benefits upon such termination:

  • Expiration of Employment Period If Executive’s employment shall be terminated due to the normal expiration of the Employment Period, this Agreement shall terminate without further obligations to Executive, other than for payment of Accrued Obligations and the timely payment or provision of Other Benefits.

  • Termination of Employment Following a Change in Control Notwithstanding the provisions of Section 6.3 hereof to the contrary, if the Employee’s employment by the Company is terminated by the Company in accordance with the terms of Section 4 of the Termination Agreement and the Employee is entitled to benefits provided in Section 5 of the Termination Agreement, the Company shall pay to the Employee, in a lump sum in cash within 30 days after the Date of Termination, the aggregate of the Employee’s Base Salary (as in effect on the Date of Termination) through the Date of Termination, if not theretofore paid, and, in the case of compensation previously deferred by the Employee, all amounts of such compensation previously deferred shall be paid in accordance with the plan documents governing such deferral. Except with respect to the obligations set for forth in the Termination Agreement, notwithstanding any provisions herein to the contrary, all other obligations of the Company and rights of the Employee hereunder shall terminate effective as of the Date of Termination.

  • Qualifying Termination of Employment A “Qualifying Termination of Employment” shall mean a termination of Executive’s employment during the Protected Period either (a) by the Company other than for Cause or (b) by Executive for a Good Reason. A termination of employment due to the Executive’s death or Disability during the Protected Period shall not constitute a Qualifying Termination of Employment.

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