Employment Separation Clause Samples
The Employment Separation clause defines the terms and conditions under which an employee's relationship with an employer ends. It typically outlines the procedures for resignation, termination, or mutual agreement to part ways, and may specify notice periods, final payments, and the handling of company property. This clause ensures both parties understand their rights and obligations during the separation process, reducing the risk of disputes and providing a clear framework for ending employment.
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Employment Separation. In the event that Executive's employment is terminated by the Company for any reason other than gross negligence in the performance of Employee's material duties and responsibilities, gross misconduct, theft or embezzlement, or attempted theft or embezzlement, of money or property of the Company or a subsidiary or an affiliate, the Employee's perpetration or attempted perpetration of fraud on the Company or a subsidiary or an affiliate, the Employee's participation in a fraud or attempted fraud on the Company, the employee shall be entitled to receive all compensation earned and all benefits vested (under applicable plans) and reimbursements due (pursuant to Company expense policies) through the effective date of termination and employee shall be entitled to Separation Payments as defined below in Section G.
Employment Separation. You hereby resign your employment, and the Company hereby accepts such resignation, effective as of January 15, 2023 (the “Employment Separation Date”). Upon such resignation, you will be deemed to have resigned from any and all officer and director roles with the Company and its subsidiaries without any further action required by you, provided that you agree to execute any documents as may be requested by the Company to reflect such resignation.
Employment Separation. 1. Employees in the non-competitive and labor classes shall be accorded the same rights that competitive class employees have under provisions of Section 75 of the Civil Service Law, after two (2) years of continuous service with the County.
2. In the case of a lay-off which involves competitive class employees, Rule XXV of the ▇▇▇▇▇▇▇▇ County Civil Service Rules shall apply.
3. In case of a lay-off involving non-competitive and labor class employees, the County shall determine that lay-offs are necessary. If it is determined that lay-offs are necessary, employees in the non-competitive and labor class job titles within a department will be laid off in the following order:
a) temporary and probationary employees shall be laid-off first; using total County service as the primary criteria;
b) thereafter, permanent employees will be laid off using seniority as the primary criteria.
Employment Separation. A. The separation of the Executive from his employment with the Company and his relinquishment of the office of Senior Executive Vice President of the Company (collectively, the "Separation") shall become effective as of July 1, 2004 (the "Separation Date").
Employment Separation. The Company and Employee hereby agree that Employee shall retire from active employment with the Company effective October 31, 2019 (the “Retirement Date”). The Company and Employee further agree that Employee’s relationship as an employee, officer and, except as set forth in Section 2 below, director of the Company and all of its affiliates, including Employee’s service as Chief Executive Officer of the Company, shall cease on the Retirement Date and that Employee’s continuous service with the Company shall cease at that time without regard to Employee’s continued Board service contemplated by Section 2 below.
Employment Separation. The term "Employment Separation" means Participant's voluntary resignation from employment, including retirement, or the termination of a Participant from employment of the Company or a Related Company.
Employment Separation. Executive promises never to knowingly seek employment with the Company or its affiliates.
Employment Separation. Executive herewith resigns as an officer and director of Employer and its subsidiaries and is separated from employment with Employer effective May 6, 2005 (the "Separation Date"). Executive and Employer agree, for all purposes, to announce and describe Executive's separation as a voluntary resignation.
Employment Separation. M▇. ▇▇▇▇▇▇’▇ employment with the Company ended effective January 13, 2016 (the “Separation Date”). From and after the Separation Date, M▇. ▇▇▇▇▇▇ shall no longer be employed by, or act in any capacity (including as a director) for, the Company, and M▇. ▇▇▇▇▇▇ hereby resigns from all Company positions held and on any Company subsidiary boards as of the Separation Date.
Employment Separation. The Company and Executive agree that Executive’s employment with the Company ended on the Termination Date. [The Parties acknowledge that Executive’s termination constitutes a Covered Termination outside of a Change in Control Period.] [The Parties acknowledge that Executive’s termination constitutes a Covered Termination during a Change in Control Period.]