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If you are switching jobs:
"I'm leaving the company" is really a phrase that will require lots of courage. When pronounced at the wrong time or in the wrong manner, it can employ a negative effect on your career. You can find a working job offer you with another organization where the pay out is higher, but you are still not sure if that work environment will undoubtedly be better then the current one. After all, it isn't all about the money. Imagine if you change your brain later? After all, this is simply not an easy decision. Of course your boss can forgive you and take you back, but it isn't guaranteed.
