Common use of Change in Control Agreement Clause in Contracts

Change in Control Agreement. Aspreva Pharmaceuticals Corporation (the “Corporation”) considers it essential to the best interests of its members to xxxxxx the continuous employment of its senior executive officers. In this regard, the Board of Directors of the Corporation (the “Board”) has determined that it is in the best interests of the Corporation and its members that appropriate steps should be taken to reinforce and encourage management’s continued attention, dedication and availability to the Corporation in the event of a Potential Change in Control (as defined in Section 2), without being distracted by the uncertainties which can arise from any possible changes in control of the Corporation. In order to induce you to agree to remain in the employ of the Corporation, such agreement evidenced by the employment agreement entered into as of the date of this Agreement between you and the Corporation (the “Employment Agreement”) and in consideration of your agreement as set forth in Section 3 below, the Corporation agrees that you shall receive and you agree to accept the severance and other benefits set forth in this Agreement should your employment with the Corporation be terminated subsequent to a Change in Control (as defined in Section 2) in full satisfaction of any and all claims that now exist or then may exist for remuneration, fees, salary, bonuses or severance arising out of or in connection with your employment by the Corporation or the termination of your employment:

Appears in 2 contracts

Samples: Private and Confidential (Aspreva Pharmaceuticals CORP), Aspreva Pharmaceuticals CORP

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Change in Control Agreement. Aspreva Pharmaceuticals Corporation (the “Corporation”) considers it essential to the best interests of its members to xxxxxx the continuous employment of its senior executive officers. In this regard, the Board of Directors of the Corporation (the “Board”) has determined that it is in the best interests of the Corporation and its members that appropriate steps should be taken to reinforce and encourage management’s continued attention, dedication and availability to the Corporation in the event of a Potential Change in Control (as defined in Section 23), without being distracted by the uncertainties which can arise from any possible changes in control of the Corporation. In order to induce you to agree to remain in the employ of the Corporation, such agreement evidenced by the employment agreement entered into as of the date of this Agreement between you and the Corporation (the “Employment Agreement”) and in consideration of your agreement as set forth in Section 3 below, the Corporation agrees that you shall receive and you agree to accept the severance and other benefits set forth in this Agreement should your employment with the Corporation be terminated subsequent to a Change in Control (as defined in Section 22 ) in full satisfaction of any and all claims that now exist or then may exist for remuneration, fees, salary, bonuses or severance arising out of or in connection with your employment by the Corporation or the termination of your employment:: The following numbering is done with the Alt NG (general) numbering macro. The numbered paragraphs use List styles. The shortcut keys are Alt G1, Alt G2 etc.

Appears in 1 contract

Samples: Aspreva Pharmaceuticals CORP

Change in Control Agreement. Aspreva Pharmaceuticals Corporation (the "Corporation") considers it essential to the best interests of its members to xxxxxx the continuous employment of its senior executive officers. In this regard, the Board of Directors of the Corporation (the "Board") has determined that it is in the best interests of the Corporation and its members that appropriate steps should be taken to reinforce and encourage management’s 's continued attention, dedication and availability to the Corporation in the event of a Potential Change in Control (as defined in Section 238), without being distracted by the uncertainties which can arise from any possible changes in control of the Corporation. In order to induce you to agree to remain in the employ of the Corporation, such agreement evidenced by the employment agreement entered into as of the date of this Agreement between you and the Corporation (the "Employment Agreement") and in consideration of your agreement as set forth in Section 3 39 below, the Corporation agrees that you shall receive and you agree to accept the severance and other benefits set forth in this Agreement should your employment with the Corporation be terminated subsequent to a Change in Control (as defined in Section 21) in full satisfaction of any and all claims that now exist or then may exist for remuneration, fees, salary, bonuses or severance arising out of or in connection with your employment by the Corporation or the termination of your employment:

Appears in 1 contract

Samples: Aspreva Pharmaceuticals CORP

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Change in Control Agreement. Aspreva Pharmaceuticals Corporation (the “Corporation”) considers it essential to the best interests of its members to xxxxxx the continuous employment of its senior executive officers. In this regard, the Board of Directors of the Corporation (the “Board”) has determined that it is in the best interests of the Corporation and its members that appropriate steps should be taken to reinforce and encourage management’s continued attention, dedication and availability to the Corporation in the event of a Potential Change in Control (as defined in Section 2), without being distracted by the uncertainties which can arise from any possible changes in control of the Corporation. In order to induce you to agree to remain in the employ of the Corporation, such agreement evidenced by the employment agreement entered into as of the date of this Agreement between you and the Corporation (the “Employment Agreement”) and in consideration of your agreement as set forth in Section 3 below, the Corporation agrees that you shall receive and you agree to accept the severance and other benefits set forth in this Agreement should your employment with the Corporation be terminated subsequent to a Change in of Control (as defined in Section 2) in full satisfaction of any and all claims that now exist or then may exist for remuneration, fees, salary, bonuses or severance arising out of or in connection with your employment by the Corporation or the termination of your employment:

Appears in 1 contract

Samples: Aspreva Pharmaceuticals CORP

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