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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 time or in the wrong way, it can have a very negative effect on your career. You can find a job present with another company where the pay is higher, but you are still uncertain if that ongoing work place will undoubtedly be better then the current one. After all, it is not all about the money. Imagine if you later on change your mind? After all, this is simply not an easy decision. Of course your boss can forgive you and take you back, but it is not guaranteed.
