Voluntary Separation Date Clause Samples

The Voluntary Separation Date clause defines the specific date on which an employee’s voluntary resignation or departure from a company becomes effective. In practice, this clause typically applies when an employee chooses to leave their position and provides notice, with the separation date marking the end of their employment and associated benefits. Its core function is to establish a clear and mutually understood endpoint for the employment relationship, thereby preventing confusion or disputes regarding the employee’s final day of work and entitlements.
Voluntary Separation Date. The parties agree that Employee has voluntarily elected to participate in the SVRP and Employee’s anticipated last day of employment with the University will be [DATE] (“Separation Date”).
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Voluntary Separation Date. No later than August 31, 2020, Faculty voluntarily resigns his or her employment with UNT.
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Voluntary Separation Date. The parties agree that ▇▇▇▇▇▇▇▇ resigns and Employee’s employment with the University is voluntarily terminated effective December 31, 2024.
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Voluntary Separation Date. The parties agree that Employee has voluntarily elected to participate in the DIA-VSP and Employee’s anticipated last day of employment with the University will be [DATE] (“Separation Date”).
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Voluntary Separation Date. If Participant is a faculty member, Participant must select an effective date of separation from May 13, 2011 through August 31, 2011. The date chosen must correspond to the end of a semester in which the Participant is performing full-time duties under their current contract. If Participant is a non-Faculty, they must select any date between August 1, 2011 and August 31, 2011, but TCCD may require a thirty (30) day notice prior to the date selected.
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Related to Voluntary Separation Date

  • Qualifying Termination If the Executive is subject to a Qualifying Termination, then, subject to Sections 4, 9, and 10 below, Executive will be entitled to the following benefits:

  • Voluntary Termination The Executive may voluntarily terminate his employment at any time during the Term by delivering to the Company a Notice of Termination 30 days in advance of the date of termination (a “Voluntary Termination”). For purposes of this Agreement, a Voluntary Termination shall not include a termination of the Executive’s employment by reason of death or for Good Reason, but shall include voluntary termination upon retirement in accordance with the Company’s retirement policies. A Voluntary Termination shall not be considered a breach or other violation of this Agreement.

  • Effective Date of Benefit Termination Medical, dental and life coverage termination will take effect on the first of the month following the loss of eligible employee or dependent status. Disability benefit coverage terminations will take effect on the day following loss of eligible employee status.

  • Voluntary Termination for Good Reason “Voluntary Termination for Good Reason” shall mean the Employee voluntarily resigns after the occurrence of any of the following (i) without the Employee’s express written consent, a material reduction of the Employee’s duties, title, authority or responsibilities, relative to the Employee’s duties, title, authority or responsibilities as in effect immediately prior to such reduction, or the assignment to Employee of such reduced duties, title, authority or responsibilities; provided, however, that a reduction in duties, title, authority or responsibilities solely by virtue of the Company being acquired and made part of a larger entity (as, for example, when the Senior Vice-President of a business unit of the Company remains as such following a Change of Control) shall not by itself constitute grounds for a “Voluntary Termination for Good Reason;” (ii) without the Employee’s express written consent, a material reduction, without good business reasons, of the facilities and perquisites (including office space and location) available to the Employee immediately prior to such reduction; (iii) a reduction by the Company in the base salary of the Employee as in effect immediately prior to such reduction; (iv) a material reduction by the Company in the aggregate level of employee benefits, including bonuses, to which the Employee was entitled immediately prior to such reduction with the result that the Employee’s aggregate benefits package is materially reduced (other than a reduction that generally applies to Company employees); (v) the relocation of the Employee to a facility or a location more than thirty-five (35) miles from the Employee’s then present location, without the Employee’s express written consent; (vi) the failure of the Company to obtain the assumption of this agreement by any successors contemplated in Section 7(a) below; or (vii) any act or set of facts or circumstances which would, under California case law or statute constitute a constructive termination of the Employee.

  • Voluntary Termination of Employment If during the Employment Term, Executive terminates his employment under circumstances other than those specified elsewhere in this Section 8, Executive shall be entitled to the payments and benefits specified in Section 8(a).