Separation Date definition
Examples of Separation Date in a sentence
Provided that Executive (a) executes this Agreement within twenty-one (21) calendar days of receiving it, (b) effectuates and does not revoke this Agreement within seven (7) calendar days of executing this Agreement, (c) complies with this Agreement at all times, and (d) is not terminated by the Company for Cause, the Company shall continue to employ Executive between the Effective Date and the Separation Date (the “Transition Period”).
Your last day of active employment with Bank is/was December 12, 2025 ("Separation Date").
You also acknowledge and understand that Your health insurance coverage will lapse entirely, effective Your Separation Date, if You elect not to enter into this Agreement, unless You elect continuation of coverage under COBRA beginning as of that date solely at Your own full expense.
The Company’s obligations under Section 2 of this Agreement are strictly contingent upon Executive’s re-execution of this Agreement within seven (7) calendar days following the Separation Date and non-revocation of such re-execution of this Agreement.
If You terminate Your employment on December 12, 2025, pursuant to this Agreement, You will be paid Severance Pay from December 15, 2025 through June 26, 2026 (twenty-eight (28) weeks), payable at Your last regular weekly salary with Bank less all applicable deductions, in accordance with Bank's regular payroll schedule, said payments to begin on the first regularly scheduled payroll date after the Separation Date provided this Agreement is fully effective, as defined, by that date.