Termination of Employment; Separation Benefits Sample Clauses

Termination of Employment; Separation Benefits. A. Employee will be terminated from employment on the Termination Date due to job elimination. In consideration of Employee’s acceptance of this Agreement:
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Termination of Employment; Separation Benefits. Employee’s Employment with the Company ceased effective ____________ (the “Separation Date”).
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Termination of Employment; Separation Benefits. A. Employee’s employment will terminate effective September 28, 2010 (the “Termination Date”).
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Termination of Employment; Separation Benefits. A. Employee will be terminated from employment due to job elimination on July 1, 2016 or on an earlier or later date in the sole discretion of NII as described below (the “Termination Date”). In consideration of Employee’s acceptance of this Agreement:
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Termination of Employment; Separation Benefits. A. Executive’s employment with the Corporation has terminated effective at the close of business on July 31, 2008 (the “Separation Date”) pursuant to Executive’s voluntary resignation. In addition, Executive hereby agrees that his resignation from the Corporation’s Board of Directors, as well as the Board of Directors of any affiliated bank on which Executive serves, shall also be effective on July 31, 2008. Notwithstanding the foregoing, Executive agrees commencing August 1, 2008 to be available during normal business hours and upon reasonable notice, taking into account Executive’s vacation and other personal plans, as needed by the Corporation to consult with the Corporation’s designated managers concerning the transition of Executive’s duties or any other matter through December 31, 2009 (the “Consulting Obligation”). The Corporation shall reimburse Executive for reasonable and customary business expenses incurred by Executive in the conduct of the Corporation’s business in accordance with the Corporation’s policy, subject to timely receipt of records and receipts for such reimbursable items. The Parties further agree that the Corporation shall not request consulting services from Executive in an amount or in a manner that would cause Executive not to have experienced a “separation from service” on the Separation Date, as such term is defined under the rules implementing Section 409A of the Internal Revenue Code.
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Termination of Employment; Separation Benefits. O'Neil's employment terminated effective July 31, 2001 ("Termination Date") pursuant to O'Neil's voluntary resignation. In consideration of O'Neil's acceptance of this Agreement, the Company shall pay to O'Xxxx x xxxxx sum equivalent to two (2) months' salary continuation at Employee's last regular rate of pay. This sum shall be paid to Employee in regular installments over a two-month period, each coinciding with the Company's regularly scheduled pay days and commencing with the first pay day following the Effective Date of this Agreement (as hereinafter defined). O'Neil hereby agrees that the Company will deduct from such payment all withholding taxes and other payroll deductions that the Company is required by law to make from wage payments to employees. O'Neil hereby further agrees that the payments and performances described in this Agreement are all that O'Neil shall be entitled to receive from the Company except for vested qualified retirement benefits, if any, to which O'Neil may be entitled under the Company's ERISA plans.
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Termination of Employment; Separation Benefits. 1.1 Employee’s employment with the Company will cease effective August 11, 2017 (the “Termination Date”). Employee shall be paid, offered and provided compensation and benefits at Employee’s current rates through the Termination Date. Notwithstanding the above, the parties agree that Employee’s accrued but unused vacation days will be equivalent to 80 hours, which amount will be paid in accordance with the Company’s normal policies.
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Termination of Employment; Separation Benefits. Xxxxxx'x employment terminated effective November 26, 2001 ("Termination Date") pursuant to Xxxxxx'x voluntary resignation. In consideration of Xxxxxx'x acceptance of this Agreement, the Company shall pay to Xxxxxx a gross sum equivalent to four (4) months' salary continuation at Employee's last regular rate of pay. This sum shall be paid to Employee in regular installments over a four-month period, each coinciding with the Company's regularly scheduled pay days and commencing with the first pay day following the Effective Date of this Agreement (as hereinafter defined). Xxxxxx hereby agrees that the Company will deduct from such payment all withholding taxes and other payroll deductions that the Company is required by law to make from wage payments to employees. Xxxxxx hereby further agrees that the payments and performances described in this Agreement are all that Xxxxxx shall be entitled to receive from the Company except for vested qualified retirement benefits, if any, to which Xxxxxx may be entitled under the Company's ERISA plans.
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Termination of Employment; Separation Benefits. Consultant’s consultancy with the Company ceased effective ____________ (the “Separation Date”).
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Related to Termination of Employment; Separation Benefits

  • Termination of Employment Severance Your immediate supervisor or the Company's Board of Directors may terminate your employment, with or without cause, at any time by giving you written notice of your termination, such termination of employment to be effective on the date specified in the notice. You also may terminate your employment with the Company at any time. The effective date of termination (the "Effective Date") shall be the last day of your employment with the Company, as specified in a notice by you, or if you are terminated by the Company, the date that is specified by the Company in its notice to you. The following subsections set forth your rights to severance in the event of the termination of your employment in certain circumstances by either the Company or you. Section 5 also sets forth certain restrictions on your activities if your employment with the Company is terminated, whether by the Company or you. That section shall survive any termination of this Agreement or your employment with the Company.

  • Termination of Employment with Severance Benefits (a) The Executive shall be entitled to the severance benefits described in section 9(b) in the event that:

  • Termination of Employment and Severance Benefits The Executive’s employment hereunder shall terminate under the following circumstances:

  • Severance Compensation upon Termination of Employment If the Company shall terminate the Executive’s employment other than pursuant to Section 5(a), (b) or (c) or if the Executive shall terminate his employment for Good Reason, then the Company shall pay to the Executive as severance pay in a lump sum, in cash, on the fifth day following the Date of Termination, an amount equal to three (3) times the average of the aggregate annual compensation paid to the Executive during the three (3) fiscal years of the Company immediately preceding the Change of Control by the Company subject to United States income taxes (or, such fewer number of fiscal years if the Executive has not been employed by the Company during each of the preceding three (3) fiscal years).

  • Qualifying Termination of Employment A “Qualifying Termination of Employment” shall mean a termination of Executive’s employment during the Protected Period either (a) by the Company other than for Cause or (b) by Executive for a Good Reason. A termination of employment due to the Executive’s death or Disability during the Protected Period shall not constitute a Qualifying Termination of Employment.

  • Termination of Employment The Executive’s employment hereunder shall terminate under the following circumstances:

  • Term; Termination of Employment The term of this Agreement (the “Term”) begins on the Effective Date and will end, along with Executive’s employment with the Company, on the earliest to occur of the following events.

  • Compensation Following Termination of Employment In the event that Executive's employment hereunder is terminated, Executive shall be entitled to the following compensation and benefits upon such termination:

  • Separation of Employment Your employment with the Company has terminated, without cause, effective January 28, 2015 (the “Separation Date”). You understand and acknowledge that, from and after the Separation Date, you shall have no authority and shall not represent yourself as an employee or agent of the Company or any of its affiliates. Notwithstanding the foregoing, you agree that you will cooperate with the Company’s reasonable requests for information and assistance in connection with the transitioning of your duties.

  • Other Termination of Employment In the event of your voluntary termination (other than a Retirement subject to Section 2(c) or a Qualifying Termination subject to Section 2(f)), or termination by the Company or a subsidiary of the Company for misconduct or other conduct deemed by the Company to be detrimental to the interests of the Company or a subsidiary of the Company, you shall forfeit all unvested RSUs on the date of termination.

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