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If you are switching jobs:
"I'm leaving the company" is a phrase that will require lots of courage. When pronounced at the incorrect period or in the wrong manner, it can employ a negative effect on your career. You can find a working job give with another firm where the pay out is higher, but you are still uncertain if that work place will undoubtedly be better then your current one. After all, it is not all about the amount of money. What if you later on change your brain? After all, this is not an easy decision. Needless to say your boss can absolve you and take you back, but it isn't guaranteed.
