The following removes the 'employeeOfTheMonth' from the company. If this were a containment relationship then the employee would be removed from the company (probably not a good idea to sack your best employee each month!), but since this is a non-containment reference, the employee being referenced will remain in the department in the company, but will no longer be accessible via the employeeOfTheMonth property.
<?php
if (isset($company->employeeOfTheMonth)) {
unset($company->employeeOfTheMonth);
}
?>