The effective date of the termination of your employment with is , 20 (“Employment Termination Date”). You have delivered your resignation or hereby resign from all officer and director positions You held with or any of its subsidiaries effective as of the Employment Termination Date.
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.
SEPARATION. You are hereby resigning from the Company effective as of April 6, 2018 (the “Separation Date”).
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 February 18, 2022 (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.
Termination of Employment and Separation Benefits. Effective July 19, 2019 (“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. Pennypacker and [[Organization A:Organization]] have agreed that Employee’s end of employment shall be and is as of August 5, 2020 (the “Separation Date”). Both Pennypacker and [[Organization A:Organization]] acknowledge that this amicable separation shall fully and finally compromise and settle any differences that may exist between them on the terms set forth in this Agreement. Pennypacker also acknowledges, agrees and represents that he has been paid and has received all compensation and/or other amounts due that he earned on or before the date he signed this Agreement, including but not limited to all wages, salary, bonuses, incentive compensation, accrued vacation, sick and personal day pay. Pennypacker further agrees that [[Organization A:Organization]]’s payment and his receipt of all compensation due him earned on or before the date he signed this Agreement is not and has not been conditioned upon his execution of this Agreement.
Separation Bonus. Payment of a separation bonus in an amount equal to the target Annual Performance Bonus to which Executive may have been entitled for the year in which Executive’s employment terminates less all customary and required taxes and employment-related deductions, paid on the first payroll date following the date on which the release of claims required by Section 4(e) becomes effective and non-revocable, but not after seventy (70) days following the effective date of termination from employment.
Separation Pay. Continued payment of your base salary in accordance with [[Organization B:Organization]]'s regular payroll practices, less all relevant taxes and other withholdings, for a period of one month payable in one installment on December 30, 2022.
If Employee chooses to execute this Agreement, the Company will provide him with the following payments to which he would not be entitled absent his execution of this Agreement. Employee acknowledges and agrees that, as set forth in [Section 4(d)] of the Employment Agreement, the consideration described in this Agreement shall be paid in
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