EXECUTIVE’S SEPARATION Sample Clauses
The "Executive’s Separation" clause defines the terms and conditions under which an executive’s employment with a company may end, whether through resignation, termination, or mutual agreement. It typically outlines the procedures to be followed upon separation, such as notice requirements, final compensation, and the handling of benefits or equity awards. This clause serves to clarify the rights and obligations of both the executive and the employer at the end of the employment relationship, thereby reducing the risk of disputes and ensuring a smooth transition.
EXECUTIVE’S SEPARATION a. Executive’s employment with the Company and any subsidiaries and affiliated entities terminated on September 22, 2011 (the “Separation Date”). As of the Separation Date, Executive shall no longer be a member of the Board of Directors (the “Board”) of the Company or any subsidiary or affiliated entity of the Company and Executive agrees he shall execute all documents necessary to effect such resignations. The Parties agree that, for purposes of the Employment Agreement, Executive’s termination of employment will be treated as a termination by the Company without Cause (as defined in the Employment Agreement).
b. Regardless of whether Executive signs the Waiver and Release of Claims attached as Exhibit A hereto (the “Release”), upon the Separation Date, or as soon as practicable thereafter (to the extent permitted by applicable law), Executive will receive from the Company (i) any unpaid base salary accrued up to and including the Separation Date, (ii) any unpaid, but earned annual incentive compensation for any completed fiscal year as of the Separation Date, (iii) pay for any accrued but unused vacation earned up to and including the Separation Date, (iv) benefits or compensation as provided under the terms of any employee benefit and compensation agreements or plans applicable to Executive and under which he has a vested right (including any right that vests in connection with the termination of his employment), (v) any unreimbursed business expenses to which Executive is entitled to reimbursement under the Company’s expense reimbursement policy, and (vi), as more fully provided in Section 7, rights to indemnification Executive may have under the Company’s Articles of Incorporation, Bylaws, the Employment Agreement, or separate indemnification agreement, as applicable, including any rights Executive may have under directors and officers insurance policies.
c. Upon the Separation Date, Executive shall return to the Company all files, records, credit cards, keys, equipment, and all other Company property or documents maintained by Executive for the Company’s use or benefit.
d. The Company will provide Executive with such legal and other assistance as is necessary in order to effect a change in Executive’s status for U.S. immigration purposes and shall take such other steps as are reasonably required in order to ensure that Executive is able to lawfully remain in the United States for a reasonable transition period, with the intention of enabling Executiv...
EXECUTIVE’S SEPARATION. Executive’s separation from Company will be effective as of the close of business on June 30, 2013 (the “Separation Date”). Executive hereby resigns as an employee, director, officer and from any other position he may hold at Company and each of its Affiliates, effective as of the Separation Date. For purposes of this Agreement, Affiliates means any person, entity or organization that controls, is controlled by or under common control with Company or Executive, respectively. For purposes of this Agreement, the term “control” means the possession, directly or indirectly, of the power to direct or cause the direction of the management of a person, entity, partnership, joint venture, trust, business or other organization or association, whether through ownership of voting securities, as trustee or executor, by contract or any other means. For clarity, the Affiliates of Executive include Kind Chin, CRB Holdings and ▇▇▇▇▇ Brothers, Inc., and the Affiliates of Company include Counsel Corporation, Counsel RB Capital LLC (“CRB”) and Heritage Global Partners, Inc. (“HGP”).
EXECUTIVE’S SEPARATION. Executive's employment with the Company shall terminate on the date on which the transactions contemplated by the Purchase Agreement are consummated (the "Separation Date"). As of the Separation Date, Executive shall resign from and no longer be an employee, officer, director and/or manager (or any equivalent position) of the Company or any subsidiaries or affiliates thereof, and Executive agrees he shall execute all documents necessary to effect such resignations. The Parties hereby agree that, for purposes of the Employment Agreement, Executive's termination of employment will be treated as a termination by Executive without Good Reason (as defined in the Employment Agreement) pursuant to Section V.G of the Employment Agreement; provided, however, that the Company hereby waives the 90-day notice of resignation requirement set forth in Section V.G.1 of the Employment Agreement.
EXECUTIVE’S SEPARATION. (a) Executive’s employment with the Company has terminated in accordance with the provisions of the Agreement.
(b) Executive agrees to immediately return to the Company all property, equipment, funds, lists, books, records, other materials and property of the Company in Executive’s possession.
(c) Executive acknowledges and agrees that Executive shall not be eligible to participate in the Cousins Properties Incorporated Severance Pay Plan, effective June 1, 2001, or to receive any benefits or payments pursuant thereto.
EXECUTIVE’S SEPARATION. Executive’s separation from the Company shall be effective June 30, 2015 (the “Separation Date”). Executive hereby agrees that he will resign from his employment as an officer of the Company and any other position he may hold with the Company (and its subsidiaries) as of the Separation Date, and Executive agrees that he will execute any and all documents necessary to effect such resignations. Upon the Separation Date, Executive shall return to the Company all files, records, credit cards, keys, computers, mobile phones, tables, PDAs, equipment, and all other Company property or documents maintained by Executive for the Company’s use or benefit. From the date of this Agreement until the Separation Date, Executive shall continue to serve in his current role and shall continue to receive his base salary and be entitled to continue to participate in all employee health benefit plans offered by the Company, subject to the eligibility requirements, terms and conditions of each plan or program then in effect.
EXECUTIVE’S SEPARATION. Executive’s separation from the Company is effective as of September 7, 2009 (the “Separation Date”). Executive hereby resigns as a director and officer of the Company and each of its subsidiaries as of the Separation Date, and Executive agrees that he will execute any and all documents necessary to effect such resignations with respect to any foreign or domestic Company subsidiary.
EXECUTIVE’S SEPARATION. Executive's employment with the Company and any subsidiaries and affiliates shall terminate on May 15, 2015 (the "Separation Date"). As of the Separation Date, Executive shall resign from and no longer be a member of the Board of Directors (the "Board") of the Company or an employee, officer, director and/or manager (or any equivalent position) of the Company or any subsidiary or affiliates thereof, and Executive agrees he shall execute all documents necessary to effect such resignations. The Parties hereby agree that, for purposes of the Employment Agreement, Executive's termination of employment will be treated as a termination by the Company without Cause (as defined in the Employment Agreement).
EXECUTIVE’S SEPARATION. (a) Executive agrees to remain employed as the Company’s Executive Director until the Separation Date. On the Separation Date, Executive’s employment with the Company shall terminate.
(b) From the Separation Date through the end of the Consulting Period (as defined below), Executive shall serve as a non-employee consultant to the Company on the terms set forth in this Agreement.
EXECUTIVE’S SEPARATION. (a) Executive’s employment with the Company and any subsidiaries and affiliated entities will be irrevocably terminated on April 22, 2022 (the “Separation Date”). As of the Separation Date, Executive shall no longer be an officer, employee or director of the Company, or an officer, employee, or member of the board of directors of any subsidiary or affiliated entity of the Company, and Executive agrees he shall execute any and all documents necessary or advisable, as requested by the Company, to effect Executive’s Separation as an officer, employee of the Company, or an officer, employee, or member of the board of directors of any subsidiary or affiliated entity of the Company. The Company agrees that Executive shall have the opportunity to consult with his own counsel prior to executing any documents referenced in this paragraph.
(b) Executive shall take any and all actions as reasonably requested by the Company in order to immediately and efficiently effect the Separation contemplated hereby, including, but not limited to, returning to the Company any and all files, records, credit cards, keys, equipment, and any and all other Company property or documents maintained by Executive, by no later than the Separation Date (subject to Section 4 hereof). This includes, but is not limited to,
(i) the transfer of any domain names, passwords and data required for Company to have a working and secure IT system, (ii) the return of any and all Company documents and files that are in Executive’s personal possession, and (iii) providing the Company with the code to the Company’s safe. Executive shall, on and after the Effective Date, continue to cooperate with the Company in providing any additional documents and information that the Company reasonably requests in connection with the Company’s ongoing business activities.
EXECUTIVE’S SEPARATION. Executive’s employment with the Company ended as of [●] (the “Termination Date”). As of the Termination Date, Executive was no longer employed by the Company or any of its Affiliates.