Effective Date of Separation Clause Samples

The "Effective Date of Separation" clause defines the specific date on which an individual's employment or contractual relationship with an organization officially ends. This clause typically clarifies whether the separation is immediate or set for a future date, and may specify how benefits, compensation, or obligations are handled up to and after this date. Its core practical function is to eliminate ambiguity regarding when the rights and responsibilities of both parties cease, ensuring a clear transition and helping to prevent disputes over entitlements or obligations post-separation.
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Effective Date of Separation. If the Employment ---------------------------- Period is terminated by the Executive without Good Reason, then the termination will be effective sixty (60) days after the date of delivery of written notice of termination. If the Employment Period is terminated by the Board without Cause or by the Executive with Good Reason, then the termination will be effective thirty (30) days after the date of delivery of written notice of termination. If the Employment Period is terminated by the Board with Cause, termination will be effective as of the date of notice of termination.
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Effective Date of Separation. Executive’s employment with the Company (and any affiliates of the Company) shall terminate on January 21, 2011 (the “Effective Date”). On the Effective Date, the Employment Agreement dated November 17, 2008 between Executive and the Company (the “Employment Agreement”) shall terminate (other than those provisions which survive the termination of Executive’s employment).
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Effective Date of Separation. Your last day employed with the Company will be recorded as December 31, 2021, you will be paid through this date and your regular benefits (including, but not limited to life, medical and dental insurance coverage) will remain in effect through this date. Between the date this Agreement is presented to you and your last day employed with the Company, you will be required to exhaust all of your unused regular earned vacation and personal days. Between the date this Agreement is presented to you and your last day employed with the Company, you are expected to perform the work associated with your role or otherwise assigned to you by ▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇ or ▇▇▇▇▇ ▇▇▇▇▇. In the event of your willful and continued failure to perform substantially all of your duties with the Company or the willful engaging by you in illegal conduct or gross misconduct, you will no longer be eligible for the terms and conditions (including without limitation the severance payments and benefits referenced in section 2) set forth in this agreement and your last day worked will be determined by the Company and before December 31, 2021.
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Effective Date of Separation. The effective date of Mr. Gregory's resignation from his position of Chief Executive Office▇ ▇▇ ▇▇▇ ▇▇, 2004 (the "Effective Date"). The effective date of Mr. Gregory's resignation from his positions as Chairman and as a dir▇▇▇▇▇ ▇▇ ▇▇▇ Company's Board of Directors is May 14, 2004. Further, the effective date of Mr. Gregory's resignation from his positions as a director and office▇ ▇▇ ▇▇▇▇ ▇▇ the Company's subsidiaries is May 14, 2004. The Company is accepting Mr. Gregory's resignation effective May 14, 2004 and agrees that Mr. ▇▇▇▇▇▇▇ ▇▇▇▇▇ continue to be covered by the Company's health insu▇▇▇▇▇ ▇▇▇▇▇ May 14, 2005 or until Mr. Gregory shall become eligible for health care coverage through hi▇ ▇▇▇▇▇▇▇▇▇t with another entity, whichever first occurs. Mr. Gregory shall have such rights as he may have under applicable la▇ ▇▇ ▇▇▇▇▇▇ue health coverage at his own expense for such additional periods of time as is available under applicable law or to terminate such coverage or to procure his own separate coverage as he may elect after his company health coverage expires.
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Effective Date of Separation. The Employee’s employment with the Company shall cease on the earlier of: (a) the date on which a new CEO is hired and commences employment as CEO with the Company or (b) January 31, 2011, or such later date as the Company and Employee may mutually agree to in writing (the “Separation Date”). Prior to the Separation Date, the Employee shall continue to devote full-time and skill to his duties and responsibilities as CEO in accordance with the terms and conditions of the Employment Agreement.
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Effective Date of Separation. The effective date of Mr. Macione's resignation from the Company and each of the Company's ▇▇▇▇▇▇▇▇▇▇▇▇ is May 7, 2004 (the "Effective Date"). Mr. Macione and the Company are executing this agreement on May 28, 2▇▇▇. ▇▇▇ ▇▇mpany is accepting Mr. Macione's resignation effective May 7, 2004 and agrees that Mr. M▇▇▇▇▇▇ ▇▇▇▇▇ continue to be covered by the Company's health insu▇▇▇▇▇ ▇▇▇▇▇ May 6, 2006. Mr. Macione shall have such rights as he may have under applicable la▇ ▇▇ ▇▇▇▇▇▇ue health coverage at his own expense for such additional periods of time as is available under applicable law or to terminate such coverage or to procure his own separate coverage as he may elect after his company health coverage expires as of midnight on May 6, 2006.
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Effective Date of Separation. I have agreed that my separation will start on July 1, 2013 (the “Separation Date”) and I will continue to perform my duties as I have historically performed them for ADK up until July 1, 2011.
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Effective Date of Separation. M▇▇▇▇▇’▇ employment with the Company (and any affiliates of the Company) shall terminate on March 16, 2010, (the “Effective Date”).
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Related to Effective Date of Separation

  • Effective Date of Agreement; Termination (a) This Agreement shall become effective when the parties hereto have executed and delivered this Agreement. (b) The Representative may terminate this Agreement at any time at or prior to the Time of Purchase, by notice to the Company, if (1) since the time of execution of this Agreement or the earlier respective dates as of which information is given in the Registration Statement, the Disclosure Package and the Prospectus, there shall have been any Material Adverse Effect, in the sole judgment of the Representative, so material and adverse as to make it impractical or inadvisable to proceed with the completion of the Offering of Securities contemplated by this Agreement or to enforce contracts for the sale of such Securities, or (2) since the time of execution of this Agreement, there shall have occurred: (A) a suspension or material limitation in trading in securities generally on the NYSE, the NYSE American or Nasdaq, or the establishment by the Commission or FINRA of minimum or maximum prices on any of such stock exchanges, (B) a suspension or material limitation in trading in the Company’s securities on Nasdaq, (C) a general moratorium on commercial banking activities declared by either federal or New York State authorities or a material disruption in commercial banking or securities settlement or clearance services in the United States, (D) an outbreak or escalation of hostilities or acts of terrorism involving the United States or a declaration by the United States of a national emergency or war or any other calamity or crisis or any change in financial, political or economic conditions in the United States or elsewhere if the effect of any such event specified in this clause (D), in the sole judgment of the Representative, makes it impracticable or inadvisable to proceed with the completion of the Offering of Securities contemplated by this Agreement or to enforce contracts for the sale of such Securities, or (E) the Company is in material breach of any of its representations, warranties or covenants hereunder. (c) In the event of any termination under Section 6(b) hereof, neither party will have any liability to the other party hereto, except as set forth in Section 4 hereof, and provided further that the provisions of Sections 2, 8, 11, 12 and 13 hereof shall remain in effect.

  • Effective Date; Termination Section 6.01. The following events are specified as additional conditions to the effectiveness of the Development Credit Agreement within the meaning of Section 12.01

  • EFFECTIVE DATE OF PLAN Stock Awards and Options may be granted under this Plan upon its adoption by the Board, provided that no incentive stock option will continue to be effective unless this Plan is approved by a majority of the votes entitled to be cast by the Stockholders, voting either in person or by proxy, at a duly held Stockholders' meeting or by the consent of stockholders owning more than 50% of shares of the Common Stock within twelve months of such adoption.

  • Effective Date of Agreement The provisions of the agreement will come into full force and effect on the date of ratification, unless specified otherwise.

  • Effective Date of Settlements ‌ Settlements reached at any step of the grievance procedure in this article, other than Clause 8.11, shall be applied retroactively to the date of the occurrence of the action or situation which gave rise to the grievance, but not prior to the effective date of the agreement in effect at the time of the occurrence or the date set by a board of arbitration.