Example ContractsClausesSeparation of Employment
Separation of Employment
Separation of Employment contract clause examples
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The effective date of the termination of your employment with the Company is ​, 20​ (“Employment Termination Date”). You have delivered your resignation or hereby resign from all officer and director positions You held with the Company or any of its subsidiaries effective as of the Employment Termination Date.

Separation of Employment. Employee hereby acknowledges that Employee’s employment with [[ViewRay:Organization]] is terminated effective June 30, 2020 (the “Separation Date”). Regardless of whether Employee enters into this Agreement, [[ViewRay:Organization]] will pay Employee all accrued wages, earned and current-year accrued but unused paid time off, through and including the Separation Date, less applicable holdings, in accordance with [[ViewRay:Organization]]’s regular payroll practices or earlier when required by applicable state law.

Separation of Employment. You agree and acknowledge that your employment with the Company ended on the Separation Date at 5:00 pm PST. You acknowledge that the Company has no obligation to provide you with separation benefits. In addition, by law, and regardless of whether you sign this Agreement, you have the right to continue your medical insurance pursuant to the provisions of the Consolidated Omnibus Budget Reconciliation Act of 1985 ("COBRA"). You will receive your COBRA notice under separate cover. In addition, regardless of whether you sign this Agreement, you will receive all wages owed to you, all accrued and unused vacation, and reimbursement for all expenses incurred prior to the Separation Date in accordance with the Company’s expense reimbursement policies.

Separation of Employment. Employee separated from employment with Employer on May 1, 2018 (the “Separation Date”).

Separation of Employment. Employee’s employment with the Company shall be separated effective January 22, 2018 (“Termination Date”). The Company shall pay Employee his regular salary through the Termination Date. Employee’s active benefits (including severance and change in control payments) shall cease on the Termination Date, except that Employee’s medical, dental and/or vision coverage shall cease on January 31, 2018. Employee’s rights with respect to awards of Company stock and/or stock options shall continue to be governed by the terms of the applicable award agreements and related plans.

Separation of Employment. You acknowledge that your employment with the Company shall terminate effective May 8, 2019 (the “Separation Date”). You acknowledge that from and after the Separation Date, you shall not represent yourself as an employee or agent of the Company. As of the Separation Date, you shall be deemed to have resigned (and hereby memorialize such resignation) from each and every other office, position or responsibility in which you served for the Company and each of its respective affiliates, subsidiaries or divisions, including, without limitation, your position as Treasurer of the Company.

Separation from Employment. Executive acknowledges and agrees that his status as an officer of the Company ended effective as of the close of business on the Officer End Date, and shall thereafter be employed as an at-will employee of the Company assisting the Company in such tasks as reasonably requested by the Company. Executive acknowledges and agrees that his status as an employee of the Company will end effective as of the close of business on or about September 30, 2018, unless terminated earlier by the Company with or without Cause (as defined in the Executive Change in Control Severance Plan (the “Plan”) to which Executive is a participant) (September 30, 2018 or such earlier date, the “Separation Date”). Executive hereby agrees to execute such further document(s) as shall be determined by the Company as necessary or desirable to give effect to the termination of Executive’s status as an officer of the Company; provided that such documents shall not be inconsistent with any of the terms of this Agreement.

Separation from Employment. For the mutual benefit of Employee and the Company, the parties have agreed that Employee shall transition his Chief Financial Officer position and responsibilities with the Company and shall provide the transition services set forth in Section 5 herein (the “Transition Services”). Specifically, effective upon the earlier of # December 31, 2019 and # the date upon which Employee ceases providing the Transition Services in order to commence new employment or engagement, Employee’s employment with the Company shall cease (the “Separation Date”) and he shall relinquish all positions, offices, and authority with the Company and any affiliates. Employee acknowledges and agrees, except for the payments described hereunder and the payment of accrued but unused vacation to the Separation Date, Employee has no rights to any other wages and other compensation or remuneration of any kind due or owed from the Company, including, but not limited, to all wages, reimbursements, bonuses (including, without limitation, for the calendar year 2019), advances, vacation pay, severance pay, vested or unvested equity or stock options, awards, and any other incentive-based compensation or benefits to which Employee was or may become entitled or eligible.

Separation From Employment. [[Person A:Person]]separation from employment with the Bank is effective on May 10, 2019 (the “Separation Date”), and all obligations between the parties under the Employment Agreement and the Non-Compete Agreement subsequent to [[Person A:Person]]separation will be calculated, applied and interpreted based upon such Separation Date.

Separation from Employment. Stahl’s employment with the Company hereby is terminated effective as of the close of business June 27, 2020 (such date referred to herein as the “Termination Date”), Stahl shall be removed from the position of Chief Information Officer of the Company and any and all other officer or director positions that Stahl holds with the Company and, as applicable, its affiliates effective as of the Termination Date. The Company acknowledges and agrees that Stahl’s employment was not a termination for “Cause” (as such term is defined in the Severance Plan).

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