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Resignation is the formal act of relinquishing or vacating one's office or position. A resignation can occur when a person holding a position gained by election or appointment steps down, but leaving a position upon the expiration of a term, or choosing not to seek an additional term, is not considered resignation.
Severance pay was instituted to help protect the newly unemployed. Sometimes, they may be offered for those who either resign, regardless of the circumstances, or are fired. Policies for severance packages are often found in a company's employee handbook.
8 November: Priti Patel, forced to resign as the United Kingdom Secretary of State for International Development, after undisclosed meeting with Israeli officials on holiday in the country. [12] 21 November: Robert Mugabe, President of Zimbabwe during the military coup d'état staged by Emmerson Mnangagwa and Constantino Chiwenga.
While the main formal term for ending someone's employment is "dismissal", there are a number of colloquial or euphemistic expressions for the same action. "Firing" is a common colloquial term in the English language (particularly used in the U.S. and Canada), which may have originated in the 1910s at the National Cash Register Company. [2]
Gordon Brown did not publish a resignation honours list either, [4] [5] but a dissolution list was issued on his advice (to similar effect). [6] David Cameron revived the practice in his Resignation Honours published in August 2016, following his resignation a month earlier. [7] Some names on the list were leaked to the press several days in ...
The WorldCom scandal was a major accounting scandal that came into light in the summer of 2002 at WorldCom, the USA's second-largest long-distance telephone company at the time.