Irrevocable Letter of Resignation. 1. An eligible employee must submit an irrevocable letter of resignation which is binding on the employee as of the date of the letter and will become effective once the resignation is accepted by the Board of Education. It is recommended that this irrevocable letter be submitted at least forty- five (45) days prior to the employee’s last day of work.
Irrevocable Letter of Resignation. An eligible employee must submit an irrevocable letter of resignation which is binding on the employee as of the date of the letter and will become effective once the resignation is accepted by the Board of Education. It is recommended that this irrevocable letter be submitted at least forty-five (45) days prior to the employee’s last day of work. Effective September 1, 2015, any member who is eligible for retirement under the terms of their New York State Retirement System and submits an irrevocable notice of retirement by February 28th shall receive a stipend. The effective date of retirement may be June 30th or on the date of retirement eligibility, whichever is later.
Irrevocable Letter of Resignation. Concurrently with the New Director’s appointment to the Board and as a condition to the Company’s obligations under this Agreement, the New Director will execute and deliver an irrevocable letter of resignation in the form attached hereto as Exhibit B.
Irrevocable Letter of Resignation. All unit members who became eligible for the local retirement incentive during the 2014-15 school year and who wish to apply for the local retirement incentive must submit an irrevocable letter of resignation to the Superintendent no later than the last Friday in January 2015. If such unit member fails to submit an irrevocable letter of resignation, the unit member will no longer be eligible for the incentive. If the unit member first becomes eligible for the incentive during the 2015-16 school year, he/she must submit an irrevocable letter of resignation to be received in the office of the Superintendent by the close of business on the last Friday in January 2016. If such unit member does not submit an irrevocable letter of resignation when first eligible, then he/she will no longer be eligible for the retirement incentive. If the unit member first becomes eligible for the incentive during the 2016-17 school year, he/she must submit an irrevocable letter of resignation to be received in the office of the Superintendent by the close of business on the last Friday in January 2017. If such unit member does not submit an irrevocable letter of resignation when first eligible, then he/she will no longer be eligible but the retirement incentive.
Irrevocable Letter of Resignation. An eligible employee must submit an irrevocable letter of resignation in a form acceptable to the District to become effective on the effective date of retirement. Said letter is to be submitted to the Superintendent of Schools, or his/her designee, at least six months preceding such effective retirement date. In the event emergency circumstances exist, the Superintendent, or his/her designee, may waive the required six months notice.
Irrevocable Letter of Resignation. The ValueAct Director has delivered to the Company, simultaneously with the execution of this Agreement, an irrevocable letter of resignation, in the form attached hereto as Exhibit B, that expires on the date of the 2023 Annual Meeting, pursuant to which the ValueAct Director resigns, subject to the Board’s acceptance of such resignation, from the Board and all applicable committees and subcommittees thereof in the event of any of the following: (i) ValueAct ceases to beneficially own at least 1.0% of the outstanding shares of Common Stock (provided, that for purposes of such calculation, the total outstanding shares of Common Stock as of the date of such determination shall be deemed to be the lesser of (1) the aggregate number of shares of Common Stock outstanding as of the date hereof or (2) the aggregate number of shares of Common Stock outstanding as of the date of such determination (in each case, as adjusted for any combinations, splits, recapitalizations or similar actions)), (ii) a judicial determination that ValueAct or the ValueAct Director has materially breached any of the terms of this Agreement, (iii) the employment of the ValueAct Director with ValueAct has ceased for any reason or (iv) ValueAct nominates one or more director candidates for election or appointment to the Board (including pursuant to the advance notice provisions for shareholder nominations or the proxy access provisions of the Company’s Amended and Restated Bylaws (as may be amended from time to time, the “Bylaws”)) (each of the matters described in clauses (i)-(iv) referred to as a “Resignation Trigger”). Upon the occurrence of any such event, the Company shall, within five (5) business days of such occurrence, notify the ValueAct Director of the Board’s election to accept or reject her resignation; provided, that if no such notification is provided within such five (5) business day period, the Board shall be deemed to have rejected the ValueAct Director’s resignation in respect of such event; provided, further, that any rejection of the ValueAct Director’s resignation pursuant to the foregoing shall not operate as or be construed to be a rejection of any other Resignation Trigger.
