Example ContractsClausesSeparation Agreement
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Separation. Effective on the Separation Date, Employee shall have no further rights deriving from Employee’s 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. Executive’s employment at Patterson as Special Advisor will end effective (the “Separation Date”). The period between the date of Executive’s 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 , Employee’s 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.

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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”).

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.

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.

Separation from Service of Participants. Nothing in this Plan shall be deemed to entitle a Participant to continued employment with the Corporation and its Subsidiaries and the rights of the Corporation to separate a Participant from service shall continue as fully as though this Plan were not in effect, provided that any Qualified Termination of Employment shall entitle the Participant to the benefits herein provided. In addition, nothing in this Plan shall be deemed to entitle a Participant under this Plan to any rights, or to payments under this Plan, with respect to any plan in which the Participant was not a participant prior to a Qualified Termination of Employment.

Distribution upon Separation from Service. A Participant shall specify on an Election Form the manner in which the amounts deferred in the Deferred Compensation Account and the Deferred Stock Account, as applicable, for a Plan Year (and earnings thereon) shall be distributed from the Participant’s Account upon the Participant’s Separation from Service. All elections are irrevocable, and no changes shall be permitted to any Election Form delivered to the Plan Administrator, except as specifically provided under the terms of the Plan. A Participant may elect, to the extent permitted by the Plan Administrator and set forth on the Election Form, that such portion of the Account be distributed upon a Participant’s Separation from Service either in:

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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