Resignation of Employment Sample Clauses
The Resignation of Employment clause outlines the process and requirements for an employee to voluntarily leave their position. Typically, it specifies the notice period the employee must provide, the method of submitting a resignation (such as written notice), and any obligations during the transition period, like handing over duties or returning company property. This clause ensures a clear and orderly departure process, minimizing disruption to the employer and clarifying expectations for both parties.
POPULAR SAMPLE Copied 6 times
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.
Resignation of Employment. (a) Upon execution of this Agreement, Executive agrees to and hereby does resign from employment with the Company, effective as of December 31, 2015 (the “Retirement Date”), at which time Executive’s employment with the Company shall cease. Executive shall resign from his position as President and Chief Executive Officer of the Company, as an employee of any affiliate or subsidiary of the Company and as a member of the Board of Directors of the Company (the “Board”) and the board of directors of any subsidiaries of the Company on which he might serve, in each case, effective as of the Retirement Date. Following the Retirement Date, Executive shall provide consulting services to the Company pursuant to Section 3 below. Upon request of the Company, Executive agrees to execute such documents and take such action as may be necessary or desirable to effectuate the foregoing; however, should Executive not execute such documents, he shall nevertheless be deemed to have resigned on the Retirement Date from all such employment positions and his position as a director of the Company.
(b) From the date hereof through the Retirement Date, Executive shall continue in the employ of the Company pursuant to the terms of the Employment Agreement, provided that during such period (i) Executive shall perform such services as may be reasonably requested by the Chairman of the Board, including without limitation those intended to ensure a smooth transition of responsibility to the individual succeeding Executive as Chief Executive Officer of the Company (the “Successor CEO”) and support to the Successor CEO and other senior Company management (which Executive acknowledges may require travel to Columbus, Ohio, New York City and Canada among other places), and (ii) Executive will not terminate or purport to terminate his employment for “Good Reason” within the meaning of the Employment Agreement.
(c) Other than as set forth in this Agreement, following the Retirement Date, Executive shall not receive any base salary, annual bonus, long term incentive award, welfare, retirement, perquisite, fringe benefit, or other benefit plan coverage or coverage under any other practice, policy or program as may be in effect from time to time, applying to senior officers or other employees of the Company, or any severance payment or benefit to be received under the Employment Agreement or any severance benefit plans, practices, policies or programs, or any paid time off or expense reimbursemen...
Resignation of Employment. If an employee has resigned in writing without advance notice and has not revoked the resignation within three (3) consecutive working days following the date of the letter of resignation, the resignation shall stand and be final. The Union shall be notified in writing as soon as possible of a revocation of any resignation.
Resignation of Employment.
31.01 Before leaving the employ of the University, an employee must give two (2) weeks notice. Whenever possible, an employee should give more than two (2) weeks notice. Notice must be made in writing.
Resignation of Employment. Employees shall give the Employer at least two (2) weeks advance written notice of resignation.
Resignation of Employment. By signing this Agreement, I am resigning my employment with the Company effective April 2, 1998 (the "Resignation Date"). I am also resigning all of my positions as an officer of the Company and as an officer of any subsidiary of the Company. By signing this Agreement, the Company is accepting my resignations, and the resignations will not be effective unless the Company signs this Agreement. I delegate to the CEO, from the date this Agreement is executed by both parties until the Resignation Date, the duties I would otherwise have performed as President.
Resignation of Employment. The Executive hereby confirms his resignation of his employment and all positions that the Executive held as an officer of the Company and all subsidiaries of the Company, and the Company confirms its acceptance of such resignations, effective December 31, 2010 (the "Resignation Date").
Resignation of Employment. The Executive is resigning from his employment with the Company as its President and Chief Investment Officer as of the close of business on September 15, 2009 (the “Resignation Date”). The Executive confirms that he is resigning from any and all other positions that he holds with the Company as an officer, director or otherwise effective on the Resignation Date. The Executive further confirms that he is resigning from any and all positions that he may hold with any affiliate of the Company effective on the Resignation Date.
Resignation of Employment. The Parties agree that Executive’s employment will terminate effective as of the Separation Date. Effective as of the Effective Date, Executive hereby resigns from all positions Executive holds as an officer, director, employee or otherwise with respect to the Company, its subsidiaries and its affiliates. Upon request of the Company, Executive agrees to execute any additional documents and take any additional actions as may be necessary or desirable to effectuate the foregoing.
Resignation of Employment. If the Optionee, prior to the Expiration Date, voluntarily resigns from employment with the Company, the right to exercise this Option shall terminate immediately upon such resignation.