Example ContractsClausesSeparation Benefits
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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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In exchange for the consideration set forth herein, and subject to my execution of, and continued compliance with, this Agreement:

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”).

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. 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 Pay. In consideration of Employee signing and reaffirming this Agreement, and abiding by the covenants and releases given herein, ESI will pay Employee total of , less applicable withholdings (“Separation Pay”). This sum includes an amount equal to six (6) months’ individual COBRA payments. The Separation Pay will be paid on .

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”).

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