Separation from the Company. By signing this letter agreement you acknowledge that the termination of your employment with the Company will be effective on [ ] (the “Separation Date”). As of the Separation Date, you will cease to be an employee of the Company, and you will no longer be required to fulfill any of the duties and responsibilities associated with your position. In addition, your employment agreement with the Company will terminate as of the Separation Date, except as otherwise provided therein.
Separation from the Company. Upon the Employee’s termination of employment by the Company or the Employee’s resignation, the Employee will be entitled to the payout of any accrued but unused vacation days, but will not be eligible for payout on account of unused sick time or worked holidays.
Separation from the Company. If any of the circumstances listed below occur prior to the Release Date, the terms of this subparagraph shall apply. The following table describes the result depending on the reason for the Recipient’s separation from the Company and the timing of the event. During the Performance Period During the Holding Period Death • The Performance Period shall be shortened to the beginning of the original Performance Period through the end of the year prior to the year of death. • If the Performance Criteria are met during the shortened Performance Period, instead of an award of Shares, the Recipient’s estate shall be paid a cash amount equal to the value of the Shares that would have been earned based upon performance during the shortened period. If death occurs in the first year of the Performance Period, performance will be deemed to be at the target level. The value shall be determined based on the closing price of the Shares on the date of the Recipient’s death and shall be paid within 90 days of the Recipient’s death. • If Shares have been issued, the Shares shall be released to the Recipient’s estate within 90 days of the Recipient’s death. • If Shares have not been issued, the Recipient’s estate shall be paid a cash amount equal to the value of the Shares earned. The value shall be determined based on the closing price of the Shares on the date of the Recipient’s death and shall be paid within 90 days of the Recipient’s death. Disability • Performance Period continues. • After the performance is certified, the number of Shares earned are issued and released within 90 days of the Performance Certification Date. • Issue and/or release Shares within 90 days of Disability. Retirement • Awards held less than 12 months from the date of Award are forfeited. • For Awards held at least 12 months, the Performance Period continues. • After the performance is certified, the number of Shares earned are issued and released within 90 days of the Performance Certification Date. If required by Section 409A of the Internal Revenue Code, Shares may not be released to specified employees until at least six months following Retirement. • Issue and/or release Shares within 90 days of Retirement. If required by Section 409A of the Internal Revenue Code, Shares may not be released to specified employees until at least six months following Retirement. Company-Initiated Transfer to a Related Company • Performance Period continues. • After the performance is certified, the number of S...
Separation from the Company. (a) If any of the circumstances listed below occur prior to the Release Date, the terms of this subparagraph shall apply. The following table describes the result depending on the reason for the Recipient’s separation from the Company and the timing of the event.
Separation from the Company. By signing this Release, the Executive acknowledges that the termination of his employment with the Company will be effective on (the “Termination Date”). As of the Termination Date, the Executive will cease to be an employee of the Company, and the Executive will no longer be required to fulfill any of the duties and responsibilities associated with his position.
Separation from the Company. Executive’s employment with the Company shall continue until the first to occur of (a) the date the Company terminates Executive’s employment for or without Cause (both as defined in the Employment Agreement), (b) the date the Executive resigns for Good Reason (as defined in the Employment Agreement) or without Good Reason, in each case in accordance with the Employment Agreement; provided, the Executive agrees and acknowledges that Executive shall be ineligible to resign for Good Reason prior to November 15, 2018, and (c) Executive’s death or Disability, in each case in accordance with the Employment Agreement (such date, the “Separation Date”). The Company agrees and acknowledges that Executive shall have Good Reason to terminate Executive’s employment as of November 15, 2018, and Executive may voluntarily resign for any reason following November 15, 2018 and prior to February 1, 2019 and such resignation will constitute a termination of employment for Good Reason in accordance with the terms of the Employment Agreement and Section 5 of this Agreement, provided Executive has not incurred a termination for Cause prior to such date. To resign after November 15, 2018, Executive should provide written notice in accordance with Section 5(a)(iv)(A) of the Employment Agreement and Section 14 of this Agreement. Effective as of the Separation Date, the Executive shall cease to be an employee of the Company and shall resign from all other positions as an employee or officer of any member of the Company Group. The Executive shall promptly execute any additional documentation the Company may request to reflect such resignations.
Separation from the Company. HALIS and Fisher hereby agrxx xxxt Fisher's employmexx xxxxx the Employment Agreement shall hereby terminate effective as of December 31, 1998 (the "Effective Date"), and that such termination shall be deemed a mutual termination, and not be construed as a termination by HALIS with or without cause, or a termination by Fisher, as those xxxxx are defined in the Employment Agreement. In that regard, this agreement supercedes any rights or obligations of Fisher or HALIS ax xxxxided for in section 6 of the Employment Agreement, except section 6.6 which shall continue in full force and effect.
Separation from the Company. This confirms that your employment with the Company ceased on [ ] (the “Termination Date”). You ceased to be an officer, manager and director of the Company or any affiliate of the Company effective as of the Termination Date.
Separation from the Company. (a) Effective as of the Separation Date, Xxxxxxx will cease to be employed by Employer and its subsidiaries as a result of his resignation, without Good Reason, from his position as Employer’s chief financial officer, as well as from all other offices and positions of the Company, Employer, and their subsidiaries. At such time, Xxxxxxx will no longer be required to fulfill any of the duties or responsibilities associated with any of these positions or offices and all authority of Xxxxxxx related to such positions and offices is hereby expressly revoked, effective as of the Separation Date.
Separation from the Company. By signing this letter agreement you acknowledge that the termination of your employment with the Company will be effective on ____________ (the “Separation Date”). As of the Separation Date, you will cease to be an employee of any Company, and you will no longer be required to fulfill any of the duties and responsibilities associated with your positions. In addition, your Employment Agreement dated January 15, 2010 among you, Chardan, Processing and DAL (the “Employment Agreement”) will terminate as of the Separation Date, except as otherwise provided therein. You further agree that, as of the later of Separation Date or the end of the Initial Period (as defined in the Voting Agreement dated January 15, 2010 between Chardan, others and you), you hereby resign from any position on any Board (as defined in the Employment Agreement) of the Companies.
