Separation. Effective on the Separation Date, Employee shall have no further rights deriving from Employees employment by the Company, and shall not be entitled to any further compensation or non-vested benefits, except as provided in this Agreement and/or in accordance with applicable law.
Separation. Employee resigned from his position with the Company as Chief Operating Officer effective (the "Resignation Date"). In connection with his resignation, Employer wishes to offer Employee certain severance benefits above and beyond what Employee would otherwise be owed in exchange for a release of any and all claims the Employee may have or claim to have against Employer.
SEPARATION. You are hereby resigning from the Company effective as of (the “Separation Date”).
Relation to Separation Agreement. The provisions of this [Section 2.4] shall be in addition to, and not in derogation of, the provisions of the Separation Agreement governing Confidential Information, including [Section 6.8] of the Separation Agreement.
Release or Other Separation Agreement. If the Company requires a Participant to execute a release, non-competition, or other agreement as a condition to receipt of a payment upon or following a Separation from Service, the Company will supply to the Participant a form of such release or other document not later than the date of the Participant's Separation from Service, which must be returned within the time period required by law and must not be revoked by the Participant within the applicable time period in order for a Participant to satisfy any such condition. If any amount payable during a fixed period following Separation from Service is subject to such a requirement and the fixed period would begin in one tax year and end in the next, the Company, in determining the time of payment of any such amount, will not be influenced by the timing of any action of the Participant, including execution of such a release or other document and expiration of any revocation period. In particular, the Company will be entitled in its discretion to deposit any such payment in escrow during either tax year comprising such fixed period, so that such deposited amount is constructively received and taxable income to the Participant upon deposit, but with distribution from such escrow remaining subject to the Participant's execution and non-revocation of such release or other document.
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:
Entire Agreement. This Separation Agreement expresses the entire agreement of the parties with respect to its subject matter. Any prior agreement (whether written or oral) between the parties with respect to the subject matter of this Separation Agreement is null and void, except that the NDA, documents pertaining to Employee’s equity ownership, and certain provisions of the Employment Agreement shall survive as further described in this Separation Agreement. This Separation Agreement may only be modified in a writing signed by both parties.
Knowledgeable Decision By Employee. Employee represents and warrants that Employee has read all the terms of this Separation Agreement. Employee understands the terms of this Separation Agreement and understands that this Separation Agreement releases forever the Company Parties from any legal action arising from Employee’s employment relationship with the Company, and the termination of that relationship between Employee and the Company. Employee is voluntarily signing and delivering this Separation Agreement of Employee’s own free will in exchange for the parties’ mutual agreement to execute this Separation Agreement, which Employee acknowledges and agrees is adequate and satisfactory.
By entering into this Separation Agreement, Employee does not waive rights or claims that may arise after the date this Separation Agreement is executed.
you fail to sign and deliver or mail the Separation Agreement by the last day of the Consideration Period or revoke the Separation Agreement; or
Payment Acknowledged. In consideration for entering into this Agreement, the Company will provide to Employee the separation benefits specified in [Exhibit I] to this Agreement (the “Separation Benefits”).
Post Separation Change of Control. If there is a Post Separation Change of Control, whereby Holder experiences such Separation prior to the last day of the Performance Period, Holder will not be entitled to receive any amount of Performance Cash pursuant to this Award. If there is a Post Separation Change of Control, whereby Holder experiences such Separation on or after the last day of the Performance Period, Holder will be entitled to receive the amount of Earned Performance Cash based on the calculation in [Section 6] herein (without any right to receive any other Performance Cash pursuant to this Award) as soon as reasonably possible after the date of the Change of Control, but in no event more than 60 days after the Vesting Date.
Except as provided in [subparagraph (b)], as soon as administratively practicable following the completion of the first valuation of a Participant’s Account pursuant to [Section 2.1] which coincides with or next follows the Participant’s Separation from Service, the value of the Participant’s Account at the time of such Separation from Service shall be paid to the Participant or, if such Participant is not living at the time of payment, to such Participant’s Beneficiaries in a single lump-sum payment in cash.
Termination as Separation from Service. A termination of employment shall not be deemed to have occurred for purposes of any provision of this Agreement providing for the payment of any amounts or benefits subject to Section 409A upon or following a termination of employment unless such termination is also a “separation from service” within the meaning of [Section 409A], and for purposes of any such provision of this Agreement, references to a “resignation,” “termination,” “terminate,” “termination of employment” or like terms shall mean separation from service.
Enclosure: Separation and Release Agreement
The purpose of this letter agreement (this “Agreement”) is to confirm the terms of your separation from REV Group, Inc. (the “Company”), effective as of (the “Separation Date”), as follows:
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