Employment Status/Separation. Executive and the Companies mutually agree that Executive's employment with the Companies shall cease effective the Termination Date, and that the cessation of Executive's employment shall be treated as a "Qualifying Termination" for purposes of the Severance Plan. The parties further agree that, except as otherwise provided in this Agreement, neither Executive nor the Companies shall have any further rights, obligations or duties under any other agreement or arrangement, relating to severance payments and benefits due to Executive, as of (or after) the date of this Agreement.
Employment Status. This Agreement does not constitute a contract of employment or impose upon the Corporation any obligation to retain Executive as an employee, to change the status of Executive’s employment, or to change any employment policies of the
Employment Status. The grant of the RSUs shall not be deemed to constitute a contract of employment for a particular term between the Company or a Related Company and the Participant, nor shall it constitute a right to remain in the employ of any such Company or Related Company.
Employment Status. This Plan does not constitute a contract of employment or impose on the Participant or the Company any obligation to retain the Participant as an Employee, to change the status of the Participant’s employment, or to change the Company’s policies regarding termination of employment.
Termination of Employment and Separation Benefits. Effective (“Termination Date”), Employee’s employment with the Company shall be terminated and in exchange for the covenants hereunder and Employee’s compliance therewith, Employee shall be entitled to the payments and benefits described in [Sections 1(a)-(c)])] below.
Separation Date. Executives employment at Patterson as Special Advisor will end effective (the Separation Date). The period between the date of Executives execution of this Agreement and the Separation Date or earlier termination date shall be referred to as the Transition Period. Executive remains subject to termination for Cause (as defined herein) during the Transition Period.
Separation Date. Effective , Employees position as an employee of the Company shall hereby end (the Separation Date). As of the Separation Date, Employee hereby also resigns from any and all officer positions, if any, she then holds with the Company.
Separation Benefits. The benefits described in [Section 4.2] and , B and C that are provided to qualifying Participants under the Plan.
Separation Benefits. If a Participant’s employment is terminated in circumstances entitling such Participant to Separation Benefits pursuant to [Section 4.1], the Company shall provide to such Participant, within ten (10) days following the Date of Termination, a lump sum cash payment and outplacement services as set forth in [Appendix A], B or C, as applicable. The Chief Executive Officer of the Company shall designate which Appendix shall apply to each Employee of the Employer who he designated as a Participant. Any Participant who is demoted to Hay pay grade level 21 or below shall be entitled to Separation Benefits under [Appendix C]. For purposes of determining the Separation Benefits set forth in [Appendix A], B or C, if the termination of the Participant’s employment is for Good Reason based upon a reduction of the Participant’s Annual Salary, opportunity to earn Target Annual Bonuses, or other compensation or employee benefits, such reduction shall be ignored.
Separation Pay. You will receive Separation Pay in the aggregate amount of , less any deductions required by law or authorized by you (the “Separation Pay”), which Separation Pay will be paid to you as follows:
AllDrafts is a cloud-based editor designed specifically for contracts. With automatic formatting, a massive clause library, smart redaction, and insanely easy templates, it’s a welcome change from Word.
And AllDrafts generates clean Word and PDF files from any draft.