Resignation of Employment. The Executive confirms his/her resignation of his/her employment and of his/her position as an officer of the Company effective (the “Resignation Date”). The parties hereby acknowledge and agree that the Executive’s resignation of employment constitutes a “separation from service” from the Company within the meaning of Section 409A(a)(2)(A)(i) of the Internal Revenue Code of 1986, as amended (the “Code”), and Treasury Regulation Section 1.409A-1(h) (a “Separation from Service”). As of the Resignation Date, the Employment Agreement shall automatically terminate and be of no further force and effect, and neither the Company nor the Executive shall have any further obligations thereunder, except as expressly provided herein. Notwithstanding the foregoing, the Company shall be obligated to Executive for severance payments and continuation of benefits as contemplated by Section 7 of the Employment Agreement and as set forth in Section 3 below.
Resignation of Employment. If an employee has resigned in writing without advance notice and has not revoked the resignation within three (3) consecutive working days following the date of the letter of resignation, the resignation shall stand and be final. The Union shall be notified in writing as soon as possible of a revocation of any resignation.
Resignation of Employment. Executive hereby resigns effective immediately from his position as Chief Executive Officer, as an employee, as a member of the Board, and all other titles, positions and appointments Executive may hold with the Company or any of its subsidiaries or affiliates (the “Resignation Date”). The Company shall promptly pay to Executive all accrued, but unpaid Base Salary, vacation and other accrued amounts, as well as all outstanding expense reimbursements in accordance with the Employment Agreement and consistent with the Company’s normal expense reimbursement policies.
Resignation of Employment. 31.01 Before leaving the employ of the University, an employee must give two (2) weeks notice. Whenever possible, an employee should give more than two (2) weeks notice. Notice must be made in writing.
Resignation of Employment. Employees shall give the Employer at least two (2) weeks advance written notice of resignation.
Resignation of Employment. The Parties agree that Executive’s employment will terminate effective as of the Separation Date. Effective as of the Separation Date, Executive hereby resigns from all positions Executive holds as an officer, director, employee or otherwise with respect to the Company, its subsidiaries and its affiliates. Upon request of the Company, Executive agrees to execute any additional documents and take any additional actions as may be necessary or desirable to effectuate the foregoing.
Resignation of Employment. The Executive hereby resigns all positions ------------------------- that the Executive holds as an officer of the Company and all subsidiaries of the Company, and all positions that the Executive holds on the Board of Directors of the Company and on the Boards of Directors of any of the Company's subsidiaries, and the Company accepts such resignations, effective May 25, 2000 (the "Resignation Date"). The Executive further resigns his employment with the Company effective December 31, 2000.
Resignation of Employment. If the Optionee, prior to the Expiration Date, voluntarily resigns from employment with the Company, the right to exercise this Option shall terminate immediately upon such resignation.
Resignation of Employment. By signing this Agreement, I am resigning my employment with the Company effective April 2, 1998 (the "Resignation Date"). I am also resigning all of my positions as an officer of the Company and as an officer of any subsidiary of the Company. By signing this Agreement, the Company is accepting my resignations, and the resignations will not be effective unless the Company signs this Agreement. I delegate to the CEO, from the date this Agreement is executed by both parties until the Resignation Date, the duties I would otherwise have performed as President.
Resignation of Employment. Xxxxxx hereby voluntarily and irrevocably resigns from his employment as Chief Executive Officer, corporate officer and any other position or appointment he holds with the Company effective May 31, 2022 (the “Separation Date”). Xxxxxx’x separation will be announced in a statement mutually prepared by the Company and Xxxxxx. If the Parties cannot in good faith agree on a mutually prepared statement, the Company reserves the right to make any statement the Company reasonably believes it is legally required to make. The Company and Xxxxxx will use best efforts to agree on the final content of the mutually prepared statement within seven calendar days after the signing of this Agreement. The Company will continue to employ Xxxxxx and will continue to provide Xxxxxx with all compensation and benefits set forth in Paragraph 4 of his Employment Agreement through the Separation Date. On or before the next regularly scheduled pay period following the Separation Date, Xxxxxx will receive payment for any unpaid final wages for time worked through and including the Separation Date. Except as set forth herein, all compensation and employee benefits will terminate on the Separation Date and Xxxxxx will not be entitled to any additional compensation, bonuses, equity awards, Long Term Incentive bonus, employee benefits or other consideration. Xxxxxx waives any right to apply for re-employment with the Company and any such application may be rejected without explanation. The Company agrees not to contest Xxxxxx’x application to receive unemployment benefits.
