Separation and Retirement Sample Clauses

Separation and Retirement. 19.1 Employees having a probationary or regular employment status shall be considered separated from employment based on the following actions:
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Separation and Retirement. Effective as of March 2, 2015 (the “Retirement Date”), Xx. Xxxxxxx acknowledges and agrees to resign as an employee of the Company, but agrees to remain in his position as a member of the Board until at least the Annual Meeting. Xx. Xxxxxxx agrees to take any and all further acts necessary to accomplish such resignation. Xx. Xxxxxxx acknowledges and agrees that on or by the next regularly scheduled payday after the Retirement Date, the Company shall pay Xx. Xxxxxxx all wages; accrued, unused vacation pay (if any); unpaid expense reimbursements due to Xx. Xxxxxxx (if any); and any other compensation due to Xx. Xxxxxxx for his work completed through the Retirement Date. 3.
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Separation and Retirement. Effective as of March 2, 2015 (the “Retirement Date”), Mr. Webster acknowledges and xxxxxx xx xesign as an employee of the Company, but agrees to remain in his position as a member of the Board until at least the Annual Meeting. Mr. Webster agrees to take anx xxx xxx xurther acts necessary to accomplish such resignation. Mr. Webster acknowledges and xxxxxx xxxx on or by the next regularly scheduled payday after the Retirement Date, the Company shall pay Mr. Webster all wages; accruex, xxxxxx xacation pay (if any); unpaid expense reimbursements due to Mr. Webster (if any); and any xxxxx xxxxensation due to Mr. Webster for his work compxxxxx xxxxxgh the Retirement Date.
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Separation and Retirement 
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Related to Separation and Retirement

  • Resignation and Retirement Any Trustee may resign his trust or retire as a Trustee, by written instrument signed by him and delivered to the other Trustees or to any officer of the Trust, and such resignation or retirement shall take effect upon such delivery or upon such later date as is specified in such instrument.

  • Savings and Retirement Plans During the Employment Period, the Executive shall be entitled to participate in all other savings and retirement plans, practices, policies and programs, in each case on terms and conditions no less favorable than the terms and conditions generally applicable to the Company’s other executive employees.

  • 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).

  • Termination and Termination Benefits Notwithstanding the provisions of Section 3, the Executive's employment under this Agreement shall terminate under the following circumstances set forth in this Section 6.

  • 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:

  • Retirement Retirement" shall mean voluntary termination by the Executive in accordance with the Employers' retirement policies, including early retirement, generally applicable to their salaried employees.

  • Term and Termination of Employment (a) This Agreement shall be effective as of the Effective Date.

  • Disability; Retirement If, as a result of your incapacity due to physical or mental illness, You shall have been absent from the full-time performance of your duties with the Company for 6 consecutive months, and within 30 days after written notice of termination is given You shall not have returned to the full-time performance of your duties, your employment may be terminated for "Disability." Termination of your employment by the Company or You due to your "Retirement" shall mean termination in accordance with the Company's retirement policy, including early retirement, generally applicable to its salaried employees or in accordance with any retirement arrangement established with your consent with respect to You.

  • Termination of Employment Agreements Any and all Employment Agreements entered into between the Company or any of its Subsidiaries and the Executive prior to the date of this Agreement are hereby terminated.

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