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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 incorrect time or in the wrong manner, it can have a very negative impact on your profession. You may get a working job offer with another firm 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 amount of money. What if you change your mind later? After all, this is simply not a straightforward decision. Of course your boss can forgive you and take you back, but it isn't guaranteed.
