H1b, I94, I797 and grace period


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My current employer renewed my H1b and its is valid from 9/2020 until 9/2023

I last entered US in 2019 and my I94 expiry on my passport is 9/2020.

However my new I797 (extension of my H1b) has an I94 valid upto 2023

I am thinking of quitting my job. Does my I94 on I797 allow me to take the benefit of the 2 months grace period or do I go out of status immediately?

 

Thanks

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