EXECUTIVE’S SEPARATION. (a) Executive’s employment with the Company has terminated in accordance with the provisions of the Agreement.
EXECUTIVE’S SEPARATION. Executive's employment with the Company shall terminate on the date on which the transactions contemplated by the Purchase Agreement are consummated (the "Separation Date"). As of the Separation Date, Executive shall resign from and no longer be an employee, officer, director and/or manager (or any equivalent position) of the Company or any subsidiaries or affiliates thereof, and Executive agrees he shall execute all documents necessary to effect such resignations. The Parties hereby agree that, for purposes of the Employment Agreement, Executive's termination of employment will be treated as a termination by Executive without Good Reason (as defined in the Employment Agreement) pursuant to Section V.G of the Employment Agreement; provided, however, that the Company hereby waives the 90-day notice of resignation requirement set forth in Section V.G.1 of the Employment Agreement.
EXECUTIVE’S SEPARATION a. The Parties hereto hereby agree that the Executive’s employment with the Company shall terminate as of January 25, 2013 (the “Separation Date”). The Executive hereby resigns, effective as of the Separation Date, all positions, titles, duties, authorities and responsibilities with, arising out of or relating to his employment with the Company and any subsidiaries and affiliates and agrees to execute any and all additional documents and take such further steps as may be required to effectuate such resignation. The Offer Letter is hereby canceled and the parties shall have no further obligations to each other thereunder except as specifically provided in this Agreement.
EXECUTIVE’S SEPARATION. (a) Executive’s employment with the Company and any subsidiaries and affiliated entities will be irrevocably terminated on April 22, 2022 (the “Separation Date”). As of the Separation Date, Executive shall no longer be an officer, employee or director of the Company, or an officer, employee, or member of the board of directors of any subsidiary or affiliated entity of the Company, and Executive agrees he shall execute any and all documents necessary or advisable, as requested by the Company, to effect Executive’s Separation as an officer, employee of the Company, or an officer, employee, or member of the board of directors of any subsidiary or affiliated entity of the Company. The Company agrees that Executive shall have the opportunity to consult with his own counsel prior to executing any documents referenced in this paragraph.
EXECUTIVE’S SEPARATION. Executive’s separation from the Company is effective as of September 7, 2009 (the “Separation Date”). Executive hereby resigns as a director and officer of the Company and each of its subsidiaries as of the Separation Date, and Executive agrees that he will execute any and all documents necessary to effect such resignations with respect to any foreign or domestic Company subsidiary.
EXECUTIVE’S SEPARATION. Executive’s separation from the Company shall be effective February 5, 2016 (the “Separation Date”). Executive hereby agrees that he will resign from his employment as an officer of the Company and any other position he may hold with the Company (and its subsidiaries) as of the Separation Date, and Executive agrees that he will execute any and all documents necessary to effect such resignations. Upon the Separation Date, Executive shall return to the Company all files, records, credit cards, keys, computers, mobile phones, tables, PDAs, equipment, and all other Company property or documents maintained by Executive for the Company’s use or benefit. From the date of this Agreement until the Separation Date, Executive shall continue to serve in his current role and shall continue to receive his base salary and be entitled to continue to participate in all employee health benefit plans offered by the Company, subject to the eligibility requirements, terms and conditions of each plan or program then in effect.
EXECUTIVE’S SEPARATION. Executive’s separation from Company will be effective as of the close of business on June 30, 2013 (the “Separation Date”). Executive hereby resigns as an employee, director, officer and from any other position he may hold at Company and each of its Affiliates, effective as of the Separation Date. For purposes of this Agreement, Affiliates means any person, entity or organization that controls, is controlled by or under common control with Company or Executive, respectively. For purposes of this Agreement, the term “control” means the possession, directly or indirectly, of the power to direct or cause the direction of the management of a person, entity, partnership, joint venture, trust, business or other organization or association, whether through ownership of voting securities, as trustee or executor, by contract or any other means. For clarity, the Affiliates of Executive include Kind Chin, CRB Holdings and Xxxxx Brothers, Inc., and the Affiliates of Company include Counsel Corporation, Counsel RB Capital LLC (“CRB”) and Heritage Global Partners, Inc. (“HGP”).
EXECUTIVE’S SEPARATION. (a) Subject to Section 6, Executive’s employment with the Company and any subsidiaries and affiliated entities will be irrevocably terminated as of the Effective Date (the “Separation Date”). As of the Separation Date, Executive shall no longer be an officer, employee, or member of the board of directors of the Company (the “Board”) or an officer, employee, or member of the board of directors of any subsidiary or affiliated entity of the Company and Executive agrees he shall execute any and all documents necessary or advisable, as requested by the Company, to effect such termination; provided, however, the Company shall grant Executive a lifetime designation as “Chairman Emeritus” of EMRISE Corporation as further described in Section 7(c)(xi) of the Employment Agreement.
EXECUTIVE’S SEPARATION. Executive’s separation from the Company is effective as of [ ] (the “Separation Date”). Executive hereby acknowledges that, as of the Separation Date, he is no longer a director and officer of the Company and/or each of its subsidiaries, and Executive agrees that he will execute any and all documents necessary to effect such actions with respect to any foreign or domestic Company subsidiary.
EXECUTIVE’S SEPARATION. Executive’s separation from the Company shall be effective May 15, 2011 (the “Separation Date”). Executive hereby agrees that he will resign from his employment as an officer of the Company and any other position he may hold with the Company as of the Separation Date, and Executive agrees that he will execute any and all documents necessary to effect such resignations. Upon the Separation Date, Executive shall return to the Company all files, records, credit cards, keys, equipment, and all other Company property or documents maintained by Executive for the Company’s use or benefit. From the date of this Agreement until the Separation Date, Executive shall continue to serve in his current role and shall continue to receive his base salary and be entitled to continue to participate in all employee benefit plans and programs offered by the Company, subject to the eligibility requirements, terms and conditions of each plan or program then in effect. Any Company stock options, restricted stock or other equity or equity-related compensation previously granted to Executive that are not vested as of the Separation Date will be cancelled and Executive shall have no further right, title or interest in or under such awards. Notwithstanding anything in the Company option plan or Executive’s stock option agreements to the contrary, Executive shall have until the six (6) month anniversary of the Separation Date to exercise any stock options that are vested as of the Separation Date. To the extent any of Executive’s stock options are not exercised within six (6) months after the Separation Date such stock options shall be cancelled and Executive shall have no further right, title or interest in or under any such awards.
