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If you are switching jobs:
"I'm leaving the company" is really a phrase that requires a lot of courage. When pronounced at the incorrect time or in the wrong manner, it can have a very negative effect on your career. You may get a job give with another business where the pay is higher, but you remain not sure 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 change your brain later? After all, this is simply not an easy decision. Needless to say your boss can forgive you and take you back, nonetheless it is not guaranteed.
