Change in Control Provisions. The provisions of this Section 6 set forth the Executive’s rights and obligations upon the occurrence of a Change in Control of the Company. These provisions are intended to assure and encourage in advance the Executive’s continued attention and dedication to his assigned duties and his objectivity during the pendency and after the occurrence of any Change in Control. The provisions of this Section 6 apply in addition to, and/or modify, the provisions of Section 5(b) regarding severance pay and benefits upon a termination of employment, if applicable, if the termination of employment occurs within 12 months after the occurrence of a Change in Control. These provisions are subject to the Executive providing (and not revoking) the Company with a fully effective Release. These provisions terminate and are of no further force or effect beginning 12 months after the occurrence of such a Change in Control.
Appears in 7 contracts
Samples: Executive Employment Agreement (Arbutus Biopharma Corp), Executive Employment Agreement (Arbutus Biopharma Corp), Executive Employment Agreement (Arbutus Biopharma Corp)
Change in Control Provisions. The provisions of this Section 6 8 set forth certain terms of an agreement reached between the Executive and the Company regarding the Executive’s rights and obligations upon the occurrence of a Change in Control of the Company. These provisions are intended to assure and encourage in advance the Executive’s continued attention and dedication to his assigned duties and his objectivity during the pendency and after the occurrence of any Change in Controlsuch event. The provisions of this Section 6 8(a) shall apply in addition tolieu of, and/or modifyand expressly supersede, the provisions of Severance Benefits set forth in Section 5(b7(b) regarding severance pay and benefits upon a termination of employment, if applicable, if the such termination of employment occurs within 12 eighteen (18) months after the occurrence of a Change in Control. These provisions are subject to the Executive providing (and not revoking) the Company with a fully effective Release. These provisions terminate and are of no further force or effect beginning 12 months after the occurrence of such a Change in Control.
Appears in 2 contracts
Samples: Employment Agreement, Employment Agreement (Aegerion Pharmaceuticals, Inc.)
Change in Control Provisions. The provisions of this Section 6 5 set forth certain terms of an agreement reached between the Executive and the Company regarding the Executive’s rights and obligations upon the occurrence of a Change in Control of the Company. These provisions are intended to assure and encourage in advance the Executive’s continued attention and dedication to his assigned duties and his objectivity during the pendency and after the occurrence of any Change in Controlsuch event. The These provisions of this Section 6 shall apply in addition to, and/or modify, to the provisions of Section 5(b4(b) regarding severance pay and benefits upon a termination of employment, if applicable, if the such termination of employment occurs within 12 months after the occurrence of a Change in Control. These provisions are subject to the Executive providing (and not revoking) the Company with a fully effective Release. These provisions shall terminate and are be of no further force or effect beginning 12 months after the occurrence of such a Change in Control.
Appears in 2 contracts
Samples: Executive Agreement (XOOM Corp), Executive Agreement (XOOM Corp)
Change in Control Provisions. The provisions of this Section 6 set forth the Executive’s rights and obligations upon the occurrence of a Change in Control of the Company. These provisions are intended to assure and encourage in advance the Executive’s continued attention and dedication to his her assigned duties and his her objectivity during the pendency and after the occurrence of any Change in Control. The provisions of this Section 6 apply in addition to, and/or modify, the provisions of Section 5(b) regarding severance pay and benefits upon a termination of employment, if applicable, if the termination of employment occurs within 12 months after the occurrence of a Change in Control. These provisions are subject to the Executive providing (and not revoking) the Company with a fully effective Release. These provisions terminate and are of no further force or effect beginning 12 months after the occurrence of such a Change in Control.
Appears in 1 contract
Samples: Executive Employment Agreement (Arbutus Biopharma Corp)