Separation Date Contract Clauses (214)

Separation Date. Your last day of work with the Company and your employment termination date will be September 6, 2019 (the "Separation Date"). On the Separation Date, the Company will pay you all accrued salary, and all accrued and unused vacation earned through the Separation Date, subject to standard payroll deductions and withholdings. You are entitled to these payments regardless of whether or not you sign this Agreement.

Separation Date. Executive acknowledges and agrees that his status as an officer and employee of the Company will end effective as of August 28, 2017 (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 end of Executive's status as an officer of the Company and, if applicable, officer and/or director of any of its subsidiaries; provided that such documents shall not be inconsistent with any of th...e terms of this Agreement. View More

Separation Date. Your last day of work with the Company and your employment termination date will be December 17, 2018 (the "Separation Date"). Between the date you receive this Agreement and your Separation Date, you will continue to use your best efforts to perform and transition your job duties, and you will continue to comply with all agreements you have with the Company and comply with all Company policies and procedures. On the Separation Date, the Company will pay you all accrued salary, and all accrued a...nd unused vacation and business expenses incurred through the Separation Date, subject to standard payroll deductions and withholdings. You are entitled to these payments regardless of whether or not you sign this Agreement.2. SEVERANCE BENEFITS. Although you are not entitled to receive any severance benefits from the Company in this situation, if you sign this Agreement and allow the releases set forth herein to become effective, then the Company will provide you with the following severance benefits:(a) Severance Pay. The Company will pay you the equivalent of twenty-four weeks (24) of your base salary in effect as of the Separation Date, subject to standard payroll deductions and withholdings ("Severance Pay"). Your Severance Pay will be paid in a lump sum on the first regular payday no earlier than 7 days after the Effective Date, as defined in paragraph 12(c) below. The lump sum amount equates to, $177,692.30(b) Health Care Continuation Coverage. (i) COBRA. To the extent provided by the federal Consolidated Omnibus Budget Reconciliation Act of 1985, as amended, or, if applicable, state insurance laws (together, "COBRA"), and by the Company's current group health insurance policies, you will be eligible to continue your group health insurance benefits at your own expense. Later, you may be able to convert to an individual policy through the provider of the Company's health insurance, if you wish. (ii) COBRA Premiums. If you timely elect continued coverage under COBRA, the Company will pay your COBRA premiums to continue your coverage (including coverage for eligible dependents, if applicable) ("COBRA Premiums") through the period (the "COBRA Premium Period") starting on the Separation Date and ending on the earliest to occur of: (i) June 30, 2019; (ii) the date you become eligible for group health insurance coverage through a new employer; or (iii) the date you cease to be eligible for COBRA continuation coverage for any reason, including plan termination. In the event you become covered under another employer's group health plan or otherwise cease to be eligible for COBRA during the COBRA Premium Period, you must immediately notify the Company in writing of such event. (iii) Special Cash Payments in Lieu of COBRA Premiums. Notwithstanding the foregoing, if the Company determines, in its sole discretion, that it cannot pay the COBRA Premiums without a substantial risk of violating applicable law (including, without limitation, Section 2716 of the Public Health Service Act), the Company instead shall pay to you, on the first day of each calendar month, a fully taxable cash payment equal to the applicable COBRA premiums for that month (including premiums for you and your eligible dependents who have elected and remain enrolled in such COBRA coverage), subject to applicable tax withholdings (such amount, the "Special Cash Payment"), for the remainder of the COBRA Premium Period. You may, but are not obligated to, use such Special Cash Payments toward the cost of COBRA premiums. On the thirtieth (30th) day following your Separation from Service, the Company will make the first payment to you under this paragraph, in a lump sum, equal to the aggregate Special Cash Payments that the Company would have paid to you through such date had the Special Cash Payments commenced on the first day of the first month following the Separation from Service through such thirty-first (31st) day, with the balance of the Special Cash Payments paid thereafter on the schedule described above. View More

Separation Date. Executive's employment with Astec will end effective September 13, 2019, which will be his last day of employment with Astec ("Separation Date"). On the Separation Date, Executive will also be removed from all of his positions and offices with Astec and any subsidiary of Astec, including officer, director, or board member, and Executive shall sign and promptly provide to Astec all required documents to effectuate Executive's removal.

Separation Date. Your last day of employment with the Company was November 11, 2019 (the "Separation Date"). On the Separation Date, the Company paid you all accrued salary, and all accrued and unused vacation earned through the Separation Date, subject to standard payroll deductions and withholdings. By your execution of this Agreement, you are also hereby resigning from your position on the Company's Board of Directors (the "Board"), and the Company hereby accepts such resignation.

Separation Date. The Parties acknowledge that Executive's employment with the Company will terminate on April 16, 2021 (the "Separation Date") on the terms and conditions set forth in this Agreement. Effective on the Separation Date, Executive shall resign from all positions with the Company's affiliates and this Agreement shall provide sufficient notice of such resignations. 1.2. Consulting. For a period of six (6) months following the Separation Date, Executive shall provide the Company with transition assista...nce in the capacity of a consultant (the "Consulting Period"). During the Consulting Period, Executive shall retain access to her Company email for such services but shall not hold herself out as an employee of the Company. The payments provided herein shall constitute sufficient consideration for the consulting services. View More

Separation Date. Your employment with the Company will terminate effective June 29, 2022 (the "Separation Date"). On the Separation Date, you will resign from the Company and all of its subsidiaries in all capacities (including as a director of the Company) and the Company will exercise its right to accelerate the effective date of your resignation to June 29, 2022. On or about the Separation Date, the Company will pay you your final pay for wages earned through the Separation Date and all of your accrued but un...used vacation time in accordance with the law. View More

Separation Date. Effective September 12, 2014 (your "Effective Date"), your employment with KCG was terminated without Cause. In addition, you have resigned as of the Effective Date from any other position that you may hold as an officer or director of KCG. No further action is or will be required for your resignation from such positions to become effective.