Xxxxxxx Resignation. Employees who hold the position of permanent Xxxxxxx may elect to return to a journeyman technician classification with a written notice of thirty (30) days to the Employer.
Xxxxxxx Resignation. An employee who holds the position of a permanent Xxxxxxx may elect to return to his former position after serving written notice of thirty (30) days to the Employer.
Xxxxxxx Resignation. As we have discussed, Xxxxxx intends to resign from the Board of Directors of EXCO and from his position as Executive Chairman of EXCO (the effective time of such resignation is referred to herein as the “Effective Time”).
Xxxxxxx Resignation. CMI may terminate this Agreement and Xx. Xxxxxx’x employment immediately for “Cause” as that term is defined herein, upon written notice to Xx. Xxxxxx. Xx. Xxxxxx may terminate this Agreement and his employment (i.e., resign) upon four (4) weeks’ written notice. “Cause” means the Board’s determination that Xx. Xxxxxx has engaged in any one or more of the following: (a) willful failure to comply with the lawful instructions of the Board; (b) gross negligence or willful misconduct in the performance of duties to CMI; (c) commission of any act of fraud against CMI or the misappropriation of material CMI property; (d) acts or omissions of Xx. Xxxxxx constituting a felony or other crime that is, or may be, materially injurious to the business or reputation of CMI; and (e) Xx. Xxxxxx’x failure to perform satisfactorily the duties of his position after written notice from the Board and 30 days’ opportunity to cure, no cure having been made.
Xxxxxxx Resignation. Employees who hold the position of permanent Xxxxxxx may elect to return to a Journeyperson technical classification with a written notice of thirty (30) days to the Employer. Xxxxxxx Training Permanent Foremen may, on request, and with the mutual approval of the employer, return to a functional Journeyperson Technician position for the purpose of maintaining their skills and knowledge as a technician. Foremen who elect to utilize this provision will be allowed up to three (3) months to do so and they will be paid the Journeyperson Technician rate.
Xxxxxxx Resignation. The Company intends to disclose Xx. Xxxxxxx’ resignation in a Current Report filed on Form 8-K scheduled to be filed on June 3, 2016. Xx. Xxxxxx entered into an employment agreement with the Company pursuant to which she will receive an annual salary of $500,000. The Company also agreed to pay Xx. Xxxxxx a signing bonus of $150,000. In addition, the Company granted Xx. Xxxxxx (i) stock options to purchase an aggregate of 500,000 shares of the Company’s common stock, and (ii) 550,000 non-transferrable Restricted Stock Units. The stock options will have an exercise price of $5.87, to the closing trading price of the Common Stock on June 1, 2016. EXHIBIT A LIST OF PURCHASERS EXHIBIT B FORM OF CERTIFICATE OF DESIGNATION OF RIGHTS, PREFERENCES AND PRIVILEGES OF SERIES B PREFERRED STOCK EXHIBIT C FORM OF REGISTRATION RIGHTS AGREEMENT EXHIBIT D In October 2013, Xxxxx Xxxxxxx entered into a settlement of an administrative enforcement action brought by the SEC (see SEC Administrative Proceeding No. 3-15603/Securities Act Release No. 33-9472/Exchange Act Release 34-70804), which related to Xxxxx Xxxxxxx’x role as an underwriter of a municipal bond issue for the City of Wenatchee, WA (the “Settlement”). As part of the Settlement, the SEC found that Xxxxx Xxxxxxx and one of its public finance bankers, Xxxx Xxxxxx, violated Sections 17(a)(2) and 17(a)(3) of the Securities Act of 1933, as amended (the “Securities Act”). The Settlement also included an order censuring Xxxxx Xxxxxxx and Xxxxxx and ordering that Xxxxx Xxxxxxx and Xxxxxx pay civil penalties in the amounts of $300,000 and $25,000, respectively. Finally, the Settlement included an undertaking from Xxxxx Xxxxxxx to engage an independent consultant to review its municipal underwriting due diligence policies and procedures and submit a written report and for Xxxxx Xxxxxxx thereafter to certify its compliance with the independent consultant’s recommendations. The Settlement became effective on November 4, 2013. The Staff of the SEC Division of Corporation Finance (the “Staff”) takes the position that the inclusion of the independent consultant undertaking in the Settlement is a “limitation on its activities” within the meaning of subparagraph (d)(1)(iv)(B) of Rule 506 of Regulation D (“Rule 506”) of the Securities Act, thereby triggering a disqualification of Xxxxx Xxxxxxx in terms of its ability to act as a placement agent in connection with any private placement conducted solely under Rule 506 or as an underwri...
Xxxxxxx Resignation. The Parties agree that the Employment Contract is terminated as of the Resignation Date and the Parties shall have no further obligations thereunder. This resignation may not be withdrawn, rescinded or modified after the Effective Date of this Agreement except by the written agreement of all parties. In connection with his resignation, Xx. Xxxxxx shall receive the following:
Xxxxxxx Resignation. XXXXXXX shall provide PARADIGM with a letter of resignation in the form attached hereto as Exhibit "A".
Xxxxxxx Resignation. Xxxxxx shall have duly resigned from the Board of Directors of the Company, as an officer of the Company and from any position as trustee of any Company Benefit Plan. (n)
