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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.
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.
On August 5, 1974, several of President Richard Nixon's recorded-on-audiotape Oval Office conversations were released. One of them, which was described as the "smoking gun" tape, was recorded soon after the Watergate break-in, and demonstrated that Richard Nixon had been told of the White House connection to the Watergate burglaries soon after they took place, and approved a plan to thwart the ...
A member of the United States Senate can resign by writing a letter of resignation to the governor of the state that the senator represents. [1] Under Article I, Section 3 of the Constitution of the United States, and under the Seventeenth Amendment, in case of a vacancy in the Senate resulting from resignation, the executive authority of the state (today known in every state as the governor ...
As a constitutional convention, members of Parliament (MPs) sitting in the House of Commons of the United Kingdom are not formally permitted to resign their seats. [1] To circumvent this prohibition, MPs who wish to step down are instead appointed to an "office of profit under the Crown"; by law, such an appointment disqualifies them from sitting in the House of Commons.
March 2021 – June 2023: approximate period of the Great Resignation, where quits exceed the previous record The Great Resignation , also known as the Big Quit [ 2 ] [ 3 ] and the Great Reshuffle , [ 4 ] [ 5 ] was a mainly American economic trend in which employees voluntarily resigned from their jobs en masse , beginning in early 2021 during ...
The most recent pope to resign was Benedict XVI, who vacated the Holy See on 28 February 2013, the date of his effective resignation. He was the first pope to do so since Gregory XII in 1415. Despite its common usage in discussion of papal renunciations, [ 2 ] the term abdication is not used in the official documents of the church for ...
Instrument of abdication signed by Edward VIII and his three brothers, Albert, Henry and George, 10 December 1936. In early December 1936, a constitutional crisis in the British Empire arose when King Edward VIII proposed to marry Wallis Simpson, an American socialite who was divorced from her first husband and was in the process of divorcing her second.