Your Resignation. If you resign your employment for Good Reason, as defined below, within twelve (12) months after or three (3) months before a Change of Control, you will be entitled to the Severance Benefits, contingent on your compliance with the Severance Conditions. If you resign your employment without Good Reason, Company shall pay you your Accrued Amounts on the date of termination or, if otherwise provided in an applicable employee benefit plan, in accordance with the time and form of payment provisions of such plan, as permitted by law. All other Company obligations to you will be automatically terminated and completely extinguished.
Your Resignation. If You resign Your employment with the Company, You shall provide the Company with thirty (30) days advance written notice of such resignation (the “Notice Period”); provided, however, that the Company may, at any time during the Notice Period, terminate Your employment for any or no reason. If the Company terminates Your employment for any reason prior to the expiration of the Notice Period, then: (i) the Company will pay You all accrued but unpaid wages through the 30th date of termination based on Your then-current base salary, and (ii) such termination shall still be considered a resignation under this sub-section E. Nothing in this sub-section E shall alter the at-will employment relationship between You and the Company as set forth in Section 1 above.
Your Resignation. You may resign from your employment by giving us not less than four (4) weeks’ written notice. At Company’s sole option, Company may waive the obligation for you to work in active employment during the period following the tendering of such notice of resignation. If Company elects to exercise its option to waive the obligation to work during the notice of resignation period, then you agree to be placed on garden leave without advancing the argument of constructive dismissal. Alternatively, the Company may elect to immediately terminate your employment and provide you with only the minimum statutory requirements required in consideration of the termination of one’s employment.
Your Resignation. (d) Your employment will automatically terminate upon your death and may be terminated by us if it is determined that you are unable to perform your job due to a disability (i.e., your suffering from an injury, illness or impairment such that you are unable to perform the PE RML Employer Employee essential functions of your job after reasonable accommodation for a period in excess of that permissible under applicable state or federal law).
Your Resignation. You may terminate you employment by providing XXX with six (6) weeks’ written notice of such termination. XXX’x total liability to you in the event of termination of employment under this subsection will be limited to the payment of your salary and other earned compensation through the effective date of termination.
Your Resignation. This letter confirms your resignation, effective as of April 1, 2024 (the “Transition Date”), as the Company’s Chief Executive Officer and President, as well as a member of the Company’s board of directors (the “Board”). It also confirms your resignation as a director and officer of Discover Bank (the “Bank”) and any other role you have at the Company, the Bank or their affiliates (except as Advisor, as set forth below), as of the Transition Date. For the period between the Transition Date and the Separation Date, you will continue as an employee of the Company and serve as an Advisor to the Company’s Interim Chief Executive Officer and President. At the close of business on the Separation Date, your employment with the Company will end automatically without further action by you or the Company. You agree to execute any further documentation the Company reasonably may request to evidence your resignation and transition of authority in this Section 1. Following your termination, you shall receive any vested accrued amounts to which you are entitled under the Company’s benefit plans and arrangements. The Company shall not terminate your service as Chief Executive Officer and President before the Transition Date without “Cause” (as defined in your Company equity awards). The Company acknowledges that you are resigning from the Company and the Bank in order to accept an offer of employment as the chief executive officer of Ally Financial Inc.
Your Resignation. You acknowledge that you have resigned, effective August 31, 2011, from such board and officer positions with Vishay and all affiliates and partner companies of Vishay that you hold. You agree to deliver to Vishay such resignation letters reasonably acceptable to Vishay and you in order to further evidence such resignations.
Your Resignation. You may elect to resign your employment with Company at any time from either your Current Position or from the Constant Employee position. Any termination of your employment by the Company other than for Cause, as provided above in sub- sections b. through d., shall be deemed for all purposes to be “without Cause.” Upon termination of your employment for any reason, - you will be entitled to receive (i) all earned but unpaid base salary owed through the effective date of termination, (ii) all accrued but unused vacation owed through the effective date of termination, as applicable, and (iii) any reimbursements owed through the effective date of termination ((i), (ii) and (iii) collectively, the “Accrued Amounts”). In the event of the termination of your employment by Company for any reason other than Cause, you, or your heirs, shall be paid, in addition to the Accrued Amounts, and subject to the conditions and qualifications set forth above in subsection c. of this Section regarding a Disability termination, the remainder of the Severance Payments in the method and amount provided herein through the Final Severance Payments as described above. In the event of a Cause termination, you will be paid nothing other than the Accrued Amounts and shall forfeit any remainder Severance Payments. If you voluntarily resign your employment you will receive the Accrued Amounts and will forfeit any remaining payments of Severance Payments, unless the Company, in its sole discretion, determines otherwise. Except as expressly provided under this Agreement or as required by law, no other compensation, severance, or benefits will be due or payable to you subsequent to termination.
Your Resignation. This letter confirms your resignation, effective August 14, 2023 (the “Effective Date”), as the Company’s Chief Executive Officer and President, as well as a member of the Board. It also confirms your resignation as a director and officer of Discover Bank (the “Bank”) and any other role you have at the Company, the Bank or their affiliates, other than your continuing role as an Advisor, as of the Effective Date.
Your Resignation. The Company and you acknowledge that you have resigned, effective December 31, 2005 (the “Resignation Date”), from your employment with the Company as its Executive Vice President, from all positions held by you as an officer or director of any affiliate of the Company and from all positions held by you with any of the Company’s or its unions’ benefit plans.
