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If you are switching jobs:
"I'm leaving the company" is really a phrase that will require a lot of courage. When pronounced at the incorrect period or in the wrong manner, it can employ a negative impact on your profession. You may get a working job offer with another company where the pay out is higher, but you are still uncertain if that ongoing work environment will be better then your current one. After all, it is not all about the amount of money. Imagine if you later on change your brain? After all, this is not a straightforward decision. Needless to say your boss can forgive you and consider you back, but it isn't guaranteed.
