Common use of Resignation Date Clause in Contracts

Resignation Date. (a) The Officer hereby resigns his employment with the Company effective as of April 1, 1998 (the "Resignation Date"). (b) Contemporaneously with the Officer's execution and delivery of this Agreement, the Officer agrees to deliver the attached letter of resignation from his position of President and Chief Operating Officer of Tampa Electric Company. (c) The Officer and the Company agree to cooperate in the development of joint internal and external announcements prior to the Resignation Date in connection with his resignation. Upon issuance of such announcements, the Officer agrees that he will refer all inquiries from the news media to the Company for handling. The Officer and the Company shall approve a statement which sets out the reason for the Officer's resignation which shall be used in the event that the Company is contacted by any prospective employer or by any person or company seeking information about the reason for such Officer's resignation.