Resignation in lieu of dismissal definition

Resignation in lieu of dismissal means a resignation by the Optionee as an employee or director, or both, if (i) the Company has given prior notice to the Optionee of its intent to dismiss (or seek removal of) the Optionee for circumstances that constitute cause, or (ii) within two months of the Optionee’s resignation, the Board of Directors of the Company or the president or chief executive officer of the Company determines that such resignation was related to an act that would have led to a termination for cause.
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Resignation in lieu of dismissal means a resignation by the Optionee as an employee if (i) the Company has given prior notice to the Optionee of its intent to dismiss the Optionee for circumstances that constitute cause, or (ii) within two months of the Optionee’s resignation, the Board of Directors of the Company or the president or chief executive officer of the Company determines that such resignation was related to an act that would have led to a termination for cause.
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Resignation in lieu of dismissal means a resignation by a Participant of employment with or service to the Company if (i) the Company has given prior written notice to such Participant of its intent to dismiss the Participant for circumstances that constitute Cause, or (ii) within two months of the Participant’s resignation, the Chief Operating Officer or the CEO of the Company determines, which determination shall be final and binding, that such resignation was related to an act that would have led to termination for Cause.
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More Definitions of Resignation in lieu of dismissal

Resignation in lieu of dismissal means a resignation by a Participant of employment with the Company and its Subsidiaries if (i) the Company has given prior notice to such Participant of its intent to dismiss the Participant for circumstances that constitute a Just Cause Dismissal, or (ii) within 30 days of such resignation, the Company determines, which determination shall be final and binding, that such resignation was made in order to avoid a Just Cause Dismissal, or (iii) within 60 days of such resignation, such Participant becomes connected with any business or enterprise engaged in any business that is competitive with the business of the Company, in any city in which the Company operates supermarkets, retail liquor stores, food wholesaling and freight operations, as an officer, director, employee, partner, consultant or otherwise.
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Related to Resignation in lieu of dismissal

  • Resignation for Good Reason means a Separation as a result of your resignation within 12 months after one of the following conditions has come into existence without your consent:

  • Resignation means a voluntary notice by the employee that they are terminating their service on the date specified;

  • Resignation Letter means a letter substantially in the form set out in Schedule 7 (Form of Resignation Letter).

  • Voluntary Resignation means any Termination by Employee for any reason other than a Constructive Termination.

  • Resignation Effective Date has the meaning specified in Section 9.06(a).