Departure from Employment. The parties agree that your employment relationship with Transport America shall end effective October 1, 2004 (the “departure date”), and that, except for payment by Transport America to you of compensation earned but unpaid for the pay period of September 18, 2004 through October 1, 2004 and except for compensation of earned and unused vacation time and personal leave, Transport America will stop all salary and other compensation payments to you as of the departure date subject only to the provisions of this Agreement.
Departure from Employment. A. Reduction in Force (Layoffs) Sometimes the Foundation might have to reduce staff, because of a budget shortfall; loss or curtailment of a project; lack of work; economic reasons, such as loss or erosion of funding or contributions; change in work needed, including changes as a result of contracting out; to maintain efficient operations; to consolidate work or jobs or for other similar economic reasons, except as otherwise provided for in this Agreement. In the event the Foundation determines to lay off Employees for any of these reasons:
Departure from Employment. The parties agree that Lane's employment relationship with the Company shall end effective as of the date of this Agreement set forth above (the "Departure Date"), and that, except for payment by the Company to Lane of compensation in the aggregate sum of $11,317.68 (less applicable withholding) for 147.13 hours of earned and unused vacation time and personal leave, plus $615.39 of earned but unpaid salary (less applicable withholding), the Company will stop all salary and other compensation payments to Lane as of the Departure Date subject only to the provisions of this Agreement.
Departure from Employment. Your full time active employment with the Company will continue through April 9, 2010 (the “Notice Period”) subject to all policies and practices of the Company. The Company will not terminate your employment during the Notice period unless you engage in Misconduct as defined in paragraph 6(g) herein. During the Notice period you will retain your current job title of President, perform such job duties as are assigned to you from time to time and continue to have use of the support staff assigned to you prior to the date hereof, including at least two Secretaries, an Assistant and Office Director. Effective April 10, 2010, you will cease active employment with the Company (the “Separation Date”) under the arrangements outlined herein. As of that date, you will relinquish all titles and authorities, and return to the Company all Company property, customer lists, information, forms, formulae, plans, documents and other written and computer material and copies of the same, belonging to the Company, its parent, subsidiaries, or affiliates, or any of their customers, within your possession and you will not at any time thereafter copy or reproduce the same or any other such property of the Company, its parent, subsidiaries or affiliates. You further understand that all designs, improvements, writings and discoveries made by you during your employment and pertaining to the business conducted by the Company, its parent, subsidiaries or affiliates shall be the exclusive property of the Company. You shall be permitted to retain your personal notes, calendars and other personal effects provided that you comply with the covenants in paragraphs 6 and 7 hereof notwithstanding your retention of these items.
Departure from Employment. TERMINATION OF EMPLOYMENT AGREEMENT. Effective on the above noted date (the "Termination Date") the Employee has resigned from employment with the Company, and the Employee has relinquished her director position, all other titles, and all authorities with respect to the Company and all members of the Company Group (as defined below), and the Employee has returned (or will return) to the Company all Company property, including all Confidential Information described in Section 3 below. As used herein, "Company Group" means the Company, and any entity that directly or indirectly controls, is controlled by or is under common control with, the Company, and for purposes of this definition "control" means the possession, directly or indirectly, of the power to direct or cause the direction of the management and policies of such entity, whether through the ownership of voting securities, by contract or otherwise. Upon execution of this Agreement, the parties hereto agree that the Employment Agreement shall terminate and the terms and provisions of this Agreement shall supersede the Employment Agreement; provided, however, that the covenants and agreements of the Employee set forth in paragraphs 8 and 9 of the Employment Agreement shall survive the termination of the Employment Agreement.
