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I am on L1B visa and my visa expires in May 2013. My I-94 expires in 2015. My employer applied for L1 extension. I am applying H1B with COS in premium with other employer. If my H1B is approved, I can start from October. But in case, L1 extension is denied by August or September, my employer will ask me to go back to home country. Can I resign to current employer as I have valid I-94 and stay back till October 1st so that I can start on my H1B. Please advise, is it legal to stay with valid I-94 after resigning to current employer for one or two months?