Continued Employment and Resignation Sample Clauses

Continued Employment and Resignation. From the Effective Date through the Resignation Date, Employee shall continue to perform the same duties and have the same responsibilities under the same terms and conditions of employment as were in effect immediately prior to the Effective Date. Employee hereby resigns his employment with Employer and all Affiliates with effect as of the close of business on the business day after the Reporting Completion Date, as defined below, or such earlier date as the Board of Directors of Employer may in its complete discretion determine (“Resignation Date”). Subject to Section 1(a), Employee may, at his complete discretion, voluntarily terminate his employment hereunder at any time prior to the Resignation Date. Employee also hereby resigns from all offices and directorships, if any, with Employer and all Affiliates effective as of the Resignation Date including such earlier date as the Board of Directors of Employer may in its complete discretion determine. The “Reporting Completion Date” means the last date on which Employer has completed and filed all of the following reports: its amended and restated quarterly reports on Form 10-Q/A for the three month periods ended January 31, April 30 and July 31, 2007; its annual report on Form 10-K for the year ended October 31, 2007; and its Form 10-Q for the three months ended January 31, 2008.
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Continued Employment and Resignation. X. Xxxxxxx hereby tenders his resignation from his employment with Trans Financial, effective March 31, 1998 (the "Termination Date"). Xxxxxxx will resign as Chief Trust Officer of Trans Financial, Inc. and of Trans Financial Bank, N.A., as a Trust Officer of Trans Financial Bank, N.A., and as an officer and director of TFIS, as requested by Trans Financial, but in no event later than the Termination Date, or may be removed from or replaced in any one or more of such positions at any time in the discretion of Trans Financial.
Sample 1
Continued Employment and Resignation 
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Related to Continued Employment and Resignation

  • Continued Employment The Option granted hereunder shall confer no right on Optionee to continue in the employ of the Company or any Subsidiary, or limit in any respect the right of the Company or any Subsidiary (in the absence of a specific agreement to the contrary) to terminate Optionee's employment at any time.

  • Resignation of Employment The Executive confirms his/her resignation of his/her employment and of his/her position as an officer of the Company effective (the “Resignation Date”). The parties hereby acknowledge and agree that the Executive’s resignation of employment constitutes a “separation from service” from the Company within the meaning of Section 409A(a)(2)(A)(i) of the Internal Revenue Code of 1986, as amended (the “Code”), and Treasury Regulation Section 1.409A-1(h) (a “Separation from Service”). As of the Resignation Date, the Employment Agreement shall automatically terminate and be of no further force and effect, and neither the Company nor the Executive shall have any further obligations thereunder, except as expressly provided herein. Notwithstanding the foregoing, the Company shall be obligated to Executive for severance payments and continuation of benefits as contemplated by Section 7 of the Employment Agreement and as set forth in Section 3 below.

  • Continuing Employment Continuing employment means full-time or part-time employment which has no fixed end date or contingency upon which the employment contract will come to an end. All employment, other than fixed term employment and casual employment, is continuing employment.

  • At-Will Employment; Termination The Company and Executive acknowledge that Executive’s employment is and shall continue to be at-will, as defined under applicable law, and that Executive’s employment with the Company may be terminated by either party at any time for any or no reason, with or without notice. If Executive’s employment terminates for any reason, Executive shall not be entitled to any payments, benefits, damages, awards or compensation other than as provided in this Agreement. Executive’s employment under this Agreement shall be terminated immediately on the death of Executive.

  • Resignation and Retirement Any Trustee may resign his trust or retire as a Trustee, by written instrument signed by him and delivered to the other Trustees or to any officer of the Trust, and such resignation or retirement shall take effect upon such delivery or upon such later date as is specified in such instrument.

  • 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:

  • Termination and Resignation Your services as a Director may be terminated for any or no reason by the determination of the Board. You may also terminate your services as a Director for any or no reason by delivering your written notice of resignation to the Company (“Resignation”), and such Resignation shall be effective upon the time specified therein or, if no time is specified, upon receipt of the notice of resignation by the Company. Upon the effective date of the termination or Resignation, your right to compensation hereunder will terminate subject to the Company’s obligations to pay you any compensation that you have already earned and to reimburse you for approved expenses already incurred in connection with your performance of your Duties as of the effective date of such termination or Resignation.

  • OBLIGATIONS SURVIVE TERMINATION OF EMPLOYMENT Executive agrees that any and all of Executive’s obligations under this Agreement, including but not limited to Exhibits B and C, shall survive the termination of employment and the termination of this Agreement.

  • Employment Termination This Agreement and the employment of the Executive shall terminate upon the occurrence of any of the following:

  • Termination of Employment for Cause If Optionee’s employment with the Bancorp or a subsidiary corporation is terminated for cause, this option shall expire thirty (30) days from the date of such termination. Termination for cause shall include, but not be limited to, termination for malfeasance or gross misfeasance in the performance of duties or conviction of a crime involving moral turpitude, and, in any event, the determination of the Board of Directors with respect thereto shall be final and conclusive.

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