Conditions and Timing for Severance Benefits. The severance benefits set forth in Sections 6(a) and 6(b) above are expressly conditioned upon: (i) your continuing to comply with your obligations under your Confidential Information Agreement (as defined in Section 8 below); and (ii) you signing and not revoking a general release of legal claims in the form attached hereto as EXHIBIT A or a substantially similar form provided that, for the avoidance of doubt, such form will include a commitment from you to comply with your continuing obligations under your Confidential Information Agreement, but will not include a noncompetition provision and will not include a release of any rights or claims for indemnification you may have pursuant to any written indemnification agreement with the Company to which you are a party, the Company’s bylaws, or applicable law (the “Release”) within the applicable deadline set forth therein and permitting the Release to become effective in accordance with its terms, which must occur no later than the Release Deadline (as defined in Section 7 below). The salary continuation payments described in Sections 6(a) and 6(b) will be paid in substantially equal installments on the Company’s regular payroll schedule and subject to standard deductions and withholdings over the Severance Period following termination; provided, however, that no payments will be made prior to the effectiveness of the Release. On the effective date of the Release, the Company will pay you the salary continuation payments that you would have received on or prior to such date in a lump sum under the original schedule but for the delay while waiting for the effectiveness of the release, with the balance of the cash severance being paid as originally scheduled. Bonus payments described in Section 6(b) will be paid in a lump sum cash payment, subject to standard deductions and withholdings on the effective date of the Release.
Appears in 7 contracts
Samples: Employment Agreement (Celladon Corp), Employment Agreement (Celladon Corp), Employment Agreement (Celladon Corp)
Conditions and Timing for Severance Benefits. The severance benefits set forth in Sections 6(a) 8.2 and 6(b) 8.3 above are expressly conditioned upon: (i) your Executive’s continuing to comply with your Executive’s obligations under your Confidential Information Agreement (as defined in Section 8 below)Executive’s Proprietary Agreement; and (ii) you Executive signing and not revoking a general release of legal claims in the form attached hereto as EXHIBIT A or provided by the Company which shall include a substantially similar form provided that, for full general release of claims against the avoidance of doubt, such form will include Company and related persons and entities and a commitment from you Executive to comply with your Executive’s continuing obligations under your Confidential Information Executive’s Proprietary Agreement, but will not include a noncompetition provision and will not include a release of any rights or claims for indemnification you Executive may have pursuant to any written indemnification agreement with the Company to which you are Executive is a party, the Company’s bylaws, or applicable law (the “Release”) within the applicable deadline set forth therein and permitting the Release to become effective in accordance with its terms, which must occur no later than forty-five (45) days following the date of termination (the “Release Deadline (as defined in Section 7 belowDeadline”). The salary continuation payments described in Sections 6(a) and 6(b) Section 8.2 will be paid in substantially equal installments on the Company’s regular payroll schedule and subject to standard deductions and withholdings over the Severance Period following termination; provided, however, that no payments will be made prior to the effectiveness of the Release. On the effective date of the Release, the Company will pay you Executive the salary continuation payments that you Executive would have received on or prior to such date in a lump sum under the original schedule but for the delay while waiting for the effectiveness of the release, with the balance of the cash severance being paid as originally scheduled. Bonus payments described in Section 6(b) will be paid in a lump sum cash payment, subject to standard deductions and withholdings on the effective date of the Release.
Appears in 6 contracts
Samples: Executive Employment Agreement (Tocagen Inc), Executive Employment Agreement (Tocagen Inc), Executive Employment Agreement (Tocagen Inc)
Conditions and Timing for Severance Benefits. The severance benefits set forth in Sections 6(a) and 6(b) above are expressly conditioned upon: (i) your continuing to comply with your obligations under your Employee Confidential Information Agreement and Invention Assignment Agreement, as may be amended by you and the Company from time to time (as defined in Section 8 below“Confidential Information Agreement”); and (ii) you signing and not revoking a general release of legal claims in the form attached hereto as EXHIBIT A or a substantially similar form provided that, for the avoidance of doubt, such form will include a commitment from you to comply with your continuing obligations under your Confidential Information Agreement, but will not include a noncompetition provision and will not include a release of any rights or claims for indemnification you may have pursuant to any written indemnification agreement with the Company to which you are a party, the Company’s bylaws, or applicable law (the “Release”) within the applicable deadline set forth therein and permitting the Release to become effective in accordance with its terms, which must occur no later than the Release Deadline (as defined in Section 7 below). The salary continuation payments described in Sections Section 6(a) and 6(b) will be paid in substantially equal installments on the Company’s regular payroll schedule and subject to standard deductions and withholdings over the Severance Period following termination; provided, however, that no payments will be made prior to the effectiveness of the Release. On the effective date of the Release, the Company will pay you the salary continuation payments that you would have received on or prior to such date in a lump sum under the original schedule but for the delay while waiting for the effectiveness of the release, with the balance of the cash severance being paid as originally scheduled. Bonus payments described in Section 6(b) will be paid in a lump sum cash payment, subject to standard deductions and withholdings on the effective date of the Release.
Appears in 5 contracts
Samples: Employment Agreement (HTG Molecular Diagnostics, Inc), Employment Agreement (HTG Molecular Diagnostics, Inc), Employment Agreement (HTG Molecular Diagnostics, Inc)
Conditions and Timing for Severance Benefits. The severance benefits set forth in Sections 6(aSection 8(b) and 6(bSection 8(c) above are expressly conditioned upon: :
(i) your Executive continuing to comply with your Executive’s obligations under your Confidential this Agreement and under the Proprietary Information Agreement (as defined in Section 8 below)Agreement; and (ii) you signing and Executive signing, not revoking and complying with a separation agreement in a form provided by the Company, containing a general release of legal claims in the form attached hereto claims, as EXHIBIT A or a substantially similar form provided thatwell as other terms such as return of Company property, for the avoidance of doubt, such form will include a commitment from you to comply with your continuing obligations under your Confidential Information Agreement, but will not include a noncompetition provision non-disparagement and will not include a release of any rights or claims for indemnification you may have pursuant to any written indemnification agreement with the Company to which you are a party, the Company’s bylaws, or applicable law confidentiality (the “Release”) within the applicable deadline set forth therein and permitting the Release to become effective in accordance with its terms, which must occur no later than the Release Deadline (as defined in Section 7 12 below). The salary continuation payments described in Sections 6(a) and 6(bSection 8(b) will be paid in substantially equal installments on the Company’s regular payroll schedule and subject to standard deductions and withholdings over the Severance Period following termination; provided, however, that no payments will be made prior to the effectiveness of the Release. On Within seven (7) business days of the effective date of the Release, the Company will pay you Executive the first payment, which will be the salary continuation payments that you Executive would have received on or prior to such date in a lump sum under the original schedule but for the delay while waiting for the effectiveness of the releaseRelease, with the balance of the cash severance payments being paid as originally scheduled. Bonus payments All severance benefits described in this Section 6(b) 8 will be paid in a lump sum cash payment, subject to all applicable standard required deductions and withholdings on the effective date of the Releasewithholdings.
Appears in 5 contracts
Samples: Employment Agreement (Viridian Therapeutics, Inc.\DE), Employment Agreement (Viridian Therapeutics, Inc.\DE), Employment Agreement (Miragen Therapeutics, Inc.)
Conditions and Timing for Severance Benefits. The severance benefits set forth in Sections 6(aSection 8(b) and 6(bSection 8(c) above are expressly conditioned upon: :
(i) your Executive continuing to comply with your Executive’s obligations under your Confidential this Agreement and under the Proprietary Information Agreement (as defined in Section 8 below)Agreement; and (ii) you signing and Executive signing, not revoking and complying with a separation agreement in a form provided by the Company, containing a general release of legal claims in the form attached hereto claims, as EXHIBIT A or a substantially similar form provided thatwell as other terms such as return of Company property, for the avoidance of doubt, such form will include a commitment from you to comply with your continuing obligations under your Confidential Information Agreement, but will not include a noncompetition provision non-disparagement and will not include a release of any rights or claims for indemnification you may have pursuant to any written indemnification agreement with the Company to which you are a party, the Company’s bylaws, or applicable law confidentiality (the “Release”) within the applicable deadline set forth therein and permitting the Release to become effective in accordance with its terms, which must occur no later than the Release Deadline (as defined in Section 7 11 below). The salary continuation payments described in Sections 6(a) and 6(bSection 8(b) will be paid in substantially equal installments on the Company’s regular payroll schedule and subject to standard deductions and withholdings over the Severance Period following termination; provided, however, that no payments will be made prior to the effectiveness of the Release. On Within seven (7) business days of the effective date of the Release, the Company will pay you Executive the first payment, which will be the salary continuation payments that you Executive would have received on or prior to such date in a lump sum under the original schedule but for the delay while waiting for the effectiveness of the releaseRelease, with the balance of the cash severance payments being paid as originally scheduled. Bonus payments All severance benefits described in this Section 6(b) 8 will be paid in a lump sum cash payment, subject to all applicable standard required deductions and withholdings on the effective date of the Releasewithholdings.
Appears in 4 contracts
Samples: Employment Agreement (Signal Genetics, Inc.), Employment Agreement (Signal Genetics, Inc.), Employment Agreement (Signal Genetics, Inc.)
Conditions and Timing for Severance Benefits. The severance benefits set forth in Sections 6(aSection 8(b) and 6(bSection 8(c) above are expressly conditioned upon: :
(i) your Executive continuing to comply with your Executive’s obligations under your this Agreement and under the Confidential Information Agreement (as defined in Section 8 below)Agreement; and (ii) you signing and Executive signing, not revoking and complying with a separation agreement in a form provided by the Company, containing a general release of legal claims in the form attached hereto claims, as EXHIBIT A or a substantially similar form provided thatwell as other terms such as return of Company property, for the avoidance of doubt, such form will include a commitment from you to comply with your continuing obligations under your Confidential Information Agreement, but will not include a noncompetition provision non-disparagement and will not include a release of any rights or claims for indemnification you may have pursuant to any written indemnification agreement with the Company to which you are a party, the Company’s bylaws, or applicable law confidentiality (the “Release”) within the applicable deadline set forth therein and permitting the Release to become effective in accordance with its terms, which must occur no later than the Release Deadline (as defined in Section 7 12 below). The salary continuation payments described in Sections 6(a) and 6(bSection 8(b) will be paid in substantially equal installments on the Company’s regular payroll schedule and subject to standard deductions and withholdings over the Severance Period following termination; provided, however, that no payments will be made prior to the effectiveness of the Release. On Within seven (7) business days of the effective date of the Release, the Company will pay you Executive the first payment, which will be the salary continuation payments that you Executive would have received on or prior to such date in a lump sum under the original schedule but for the delay while waiting for the effectiveness of the releaseRelease, with the balance of the cash severance payments being paid as originally scheduled. Bonus payments All severance benefits described in this Section 6(b) 8 will be paid in a lump sum cash payment, subject to all applicable standard required deductions and withholdings on the effective date of the Releasewithholdings.
Appears in 4 contracts
Samples: Employment Agreement (Viridian Therapeutics, Inc.\DE), Employment Agreement (Viridian Therapeutics, Inc.\DE), Employment Agreement (Viridian Therapeutics, Inc.\DE)
Conditions and Timing for Severance Benefits. The severance benefits set forth in Sections 6(aSection 8(b) and 6(bSection 8(c) above are expressly conditioned upon: :
(i) your Executive continuing to comply with your Executive’s obligations under your this Agreement and under the Confidential Information Agreement (as defined in Section 8 below)Agreement; and (ii) you signing and Executive signing, not revoking and complying with a separation agreement in a form provided by the Company and reasonably acceptable to the Executive, containing a general release of legal claims in the form attached hereto claims, as EXHIBIT A or a substantially similar form provided thatwell as other terms such as return of Company property, for the avoidance of doubt, such form will include a commitment from you to comply with your continuing obligations under your Confidential Information Agreement, but will not include a noncompetition provision non-disparagement and will not include a release of any rights or claims for indemnification you may have pursuant to any written indemnification agreement with the Company to which you are a party, the Company’s bylaws, or applicable law confidentiality (the “Release”) within the applicable deadline set forth therein and permitting the Release to become effective in accordance with its terms, which must occur no later than the Release Deadline (as defined in Section 7 12 below). The salary continuation payments described in Sections 6(a) and 6(bSection 8(b) will be paid in substantially equal installments on the Company’s regular payroll schedule and subject to standard deductions and withholdings over the Severance Period following termination; provided, however, that no payments will be made prior to the effectiveness of the Release. On Within seven (7) business days of the effective date of the Release, the Company will pay you Executive the first payment, which will be the salary continuation payments that you Executive would have received on or prior to such date in a lump sum under the original schedule but for the delay while waiting for the effectiveness of the releaseRelease, with the balance of the cash severance payments being paid as originally scheduled. Bonus payments All severance benefits described in this Section 6(b) 8 will be paid in a lump sum cash payment, subject to all applicable standard required deductions and withholdings on the effective date of the Releasewithholdings.
Appears in 3 contracts
Samples: Employment Agreement (Viridian Therapeutics, Inc.\DE), Employment Agreement (Viridian Therapeutics, Inc.\DE), Employment Agreement (Viridian Therapeutics, Inc.\DE)
Conditions and Timing for Severance Benefits. The severance benefits set forth in Sections 6(a) 8.2 and 6(b) 8.3 above are expressly conditioned upon: (i) your Executive’s continuing to comply with your Executive’s obligations under your Confidential Information Agreement (as defined in Section 8 below)Executive’s Proprietary Agreement; and (ii) you Executive signing and not revoking a general release of legal claims in the form attached hereto as EXHIBIT A or provided by the Company which shall include a substantially similar form provided thatfull general release of claims against the Company and related persons and entities, for the avoidance of doubt, such form will include a commitment from you Executive to comply with your Executive’s continuing obligations under your Confidential Information AgreementExecutive’s Proprietary Agreement and a nondisparagement provision, but will not include a noncompetition provision and will not include a release of any rights or claims for indemnification you Executive may have pursuant to any written indemnification agreement with the Company to which you are Executive is a party, the Company’s bylaws, or applicable law (the “Release”) within the applicable deadline set forth therein and permitting the Release to become effective in accordance with its terms, which must occur no later than forty-five (45) days following the date of termination (the “Release Deadline (as defined in Section 7 belowDeadline”). The salary continuation payments described in Sections 6(a) and 6(b) Section 8.2 will be paid in substantially equal installments on the Company’s regular payroll schedule and subject to standard deductions and withholdings over the Severance Period following termination; provided, however, that no payments will be made prior to the effectiveness of the Release. On the effective date of the Release, the Company will pay you Executive the salary continuation payments that you Executive would have received on or prior to such date in a lump sum under the original schedule but for the delay while waiting for the effectiveness of the release, with the balance of the cash severance being paid as originally scheduled. Bonus payments described in Section 6(b) will be paid in a lump sum cash payment, subject to standard deductions and withholdings on the effective date of the Release.
Appears in 2 contracts
Samples: Executive Employment Agreement (Metacrine, Inc.), Executive Employment Agreement (Metacrine, Inc.)
Conditions and Timing for Severance Benefits. The severance benefits set forth in Sections 6(a) and 6(b) above are expressly conditioned upon: (i) your continuing to comply with your obligations under your Confidential Information Agreement (as defined in Section 8 below); (ii) if you are a member of the Board as of your termination, your resignation from the Board, to be effective no later than the date of your termination (or such other date as requested by the Board) and (iiiii) you signing and not revoking a general release of legal claims in the form attached hereto as EXHIBIT A or a substantially similar form provided that, for the avoidance of doubt, such form will include a commitment from you to comply with your continuing obligations under your Confidential Information Agreement, but will not include a noncompetition provision and will not include a release of any rights or claims for indemnification you may have pursuant to any written indemnification agreement with the Company to which you are a party, the Company’s bylaws, or applicable law (the “Release”) within the applicable deadline set forth therein and permitting the Release to become effective in accordance with its terms, which must occur no later than the Release Deadline (as defined in Section 7 below). The salary continuation payments described in Sections 6(a) and 6(b) will be paid in substantially equal installments on the Company’s regular payroll schedule and subject to standard deductions and withholdings over the Severance Period following termination; provided, however, that no payments will be made prior to the effectiveness of the Release. On the effective date of the Release, the Company will pay you the salary continuation payments that you would have received on or prior to such date in a lump sum under the original schedule but for the delay while waiting for the effectiveness of the release, with the balance of the cash severance being paid as originally scheduled. Bonus payments described in Section 6(b) will be paid in a lump sum cash payment, subject to standard deductions and withholdings on the effective date of the Release.
Appears in 2 contracts
Samples: Employment Agreement (Celladon Corp), Employment Agreement (Celladon Corp)
Conditions and Timing for Severance Benefits. The severance benefits set forth in Sections 6(a) and 6(b) above are expressly conditioned upon: (i) your continuing to comply with your obligations under your Confidential Information Agreement (as defined in Section 8 below); and (ii) you signing and not revoking a general release of legal claims in the form attached hereto as EXHIBIT A or a substantially similar form provided that, for the avoidance of doubt, such form will include a commitment from you to comply with your continuing obligations under your Confidential Information Agreement, but will not include a noncompetition provision and will not include a release of any rights or claims for indemnification you may have pursuant to any written indemnification agreement with the Company to which you are a party, the Company’s bylaws, or applicable law (the “Release”) within the applicable deadline set forth therein and permitting the Release to become effective in accordance with its terms, which must occur no later than the Release Deadline (as defined in Section 7 below). The salary continuation payments described in Sections Section 6(a) and 6(b) will be paid in substantially equal installments on the Company’s regular payroll schedule and subject to standard deductions and withholdings over the Severance Period following termination; provided, however, that no payments will be made prior to the effectiveness of the Release. On the effective date of the Release, the Company will pay you the salary continuation payments that you would have received on or prior to such date in a lump sum under the original schedule but for the delay while waiting for the effectiveness of the release, with the balance of the cash severance being paid as originally scheduled. Bonus payments described in Section 6(b) will be paid in a lump sum cash payment, subject to standard deductions and withholdings on the effective date of the Release.
Appears in 2 contracts
Samples: Employment Agreement (Celladon Corp), Employment Agreement (Celladon Corp)
Conditions and Timing for Severance Benefits. The severance benefits set forth in Sections 6(aSection 7(b) and 6(bSection 7(c) above are expressly conditioned upon: :
(i) your Executive continuing to comply with your Executive’s obligations under your Confidential Information Agreement (as defined in Section this Agreement, including Sections 8 below)through 11; and (ii) you Executive signing and not revoking a general release of legal claims in a form similar to the form attached hereto as EXHIBIT A or a substantially similar form provided thatB hereto, with such changes as are necessary for updates in applicable laws and the avoidance circumstances of doubt, such form will include a commitment from you to comply with your continuing obligations under your Confidential Information Agreement, but will not include a noncompetition provision and will not include a release of any rights or claims for indemnification you may have pursuant to any written indemnification agreement with the Company to which you are a party, the CompanyExecutive’s bylaws, or applicable law termination (the “Release”) within the applicable deadline set forth therein and permitting the Release to become effective in accordance with its terms, which must occur no later than the Release Deadline (as defined in Section 7 14 below). The salary continuation payments described in Sections 6(a) and 6(bSection 7(b) will be paid in substantially equal installments on the Company’s regular payroll schedule and subject to standard deductions and withholdings over the Severance Period following termination; provided, however, that no payments will be made prior to the effectiveness of the Release. On the effective date of the Release, the Company will pay you Executive the salary continuation payments that you Executive would have received on or prior to such date in a lump sum under the original schedule but for the delay while waiting for the effectiveness of the releaseRelease, with the balance of the cash severance payments being paid as originally scheduled. Bonus payments Payments described in Section 6(b7(b) and 7(c) will be paid in a lump sum cash payment, subject to standard deductions and withholdings payment on the first regular payroll date of the Company following the effective date of the Release, but in no event later than March 15 of the year following the year in which Executive’s termination of employment occurred. All severance benefits described in this Section 7 will be subject to all applicable standard required deductions and withholdings.
Appears in 2 contracts
Samples: Employment Agreement (Bellicum Pharmaceuticals, Inc), Employment Agreement (Bellicum Pharmaceuticals, Inc)
Conditions and Timing for Severance Benefits. The severance benefits Severance Benefits set forth in Sections 6(a) and 6(b) above are expressly conditioned upon: (i) your continuing to comply with your obligations under this Agreement and your Employee Confidential Information Agreement and Invention Assignment Agreement, as may be amended by you and the Company from time to time (as defined in Section 8 below“Confidential Information Agreement”); and (ii) you signing signing, dating, and not revoking returning to the Company a general release of legal all known and unknown claims in a termination agreement acceptable to the form attached hereto as EXHIBIT A or a substantially similar form Company, (provided that, for the avoidance of doubt, such form agreement will include a commitment from you to comply with your continuing obligations under your Confidential Information Agreement, but will not include a noncompetition provision and will not include a release of any rights or claims for indemnification you may have pursuant to any written indemnification agreement with the Company to which you are a party, the Company’s bylaws, or applicable law law) (the “Release”) within the applicable deadline set forth therein and permitting the Release to become effective in accordance with its terms, which must occur no later than the Release Deadline (as defined in Section 7 below). The salary continuation payments described in Sections Section 6(a) and 6(b) will be paid in substantially equal installments on the Company’s regular payroll schedule and subject to standard deductions and withholdings over the Severance Period following termination; provided, however, that no payments will be made prior to the effectiveness of the Release. On the effective date of the Release, the Company will pay you the salary continuation payments that you would have received on or prior to such date in a lump sum under the original schedule but for the delay while waiting for the effectiveness of the releaseRelease, with the balance of the cash severance being paid as originally scheduled. Bonus payments described in Section 6(b) will be paid in a lump sum cash payment, subject to standard deductions and withholdings on the effective date of the Release.
Appears in 1 contract
Samples: Employment Agreement (HTG Molecular Diagnostics, Inc)
Conditions and Timing for Severance Benefits. The severance benefits set forth in Sections 6(aSection 8(b) and 6(bSection 8(c) above are expressly conditioned upon: :
(i) your Executive continuing to comply with your Executive’s obligations under your Confidential this Agreement and under the Proprietary Information Agreement (as defined in Section 8 below)Agreement; and (ii) you signing and Executive signing, not revoking and complying with a separation agreement in a form provided by the Company and reasonably acceptable to Executive, containing a general release of legal claims in the form attached hereto claims, as EXHIBIT A or a substantially similar form provided thatwell as other terms such as return of Company property, for the avoidance of doubt, such form will include a commitment from you to comply with your continuing obligations under your Confidential Information Agreement, but will not include a noncompetition provision non-disparagement and will not include a release of any rights or claims for indemnification you may have pursuant to any written indemnification agreement with the Company to which you are a party, the Company’s bylaws, or applicable law confidentiality (the “Release”) within the applicable deadline set forth therein and permitting the Release to become effective in accordance with its terms, which must occur no later than the Release Deadline (as defined in Section 7 12 below). The salary continuation payments described in Sections 6(a) and 6(bSection 8(b) will be paid in substantially equal installments on the Company’s regular payroll schedule and subject to standard deductions and withholdings over the Severance Period following termination; provided, however, that no payments will be made prior to the effectiveness of the Release. On Within seven (7) business days of the effective date of the Release, the Company will pay you Executive the first payment, which will be the salary continuation payments that you Executive would have received on or prior to such date in a lump sum under the original schedule but for the delay while waiting for the effectiveness of the releaseRelease, with the balance of the cash severance payments being paid as originally scheduled. Bonus payments All severance benefits described in this Section 6(b) 8 will be paid in a lump sum cash payment, subject to all applicable standard required deductions and withholdings on the effective date of the Releasewithholdings.
Appears in 1 contract
Samples: Employment Agreement (Viridian Therapeutics, Inc.\DE)
Conditions and Timing for Severance Benefits. The severance benefits set forth in Sections 6(aSection 8(b) and 6(bSection 8(c) above are expressly conditioned upon: :
(i) your Executive continuing to comply with your Executive’s obligations under your this Agreement and under the Confidential Information Agreement (as defined in Section 8 below)Agreement; and (ii) you signing and Executive signing, not revoking and complying with a separation agreement in a form provided by the Company and reasonably acceptable to the Executive, containing a general release of legal claims in the form attached hereto claims, as EXHIBIT A or a substantially similar form provided thatwell as other terms such as return of Company property, for the avoidance of doubt, such form will include a commitment from you to comply with your continuing obligations under your Confidential Information Agreement, but will not include a noncompetition provision non- disparagement and will not include a release of any rights or claims for indemnification you may have pursuant to any written indemnification agreement with the Company to which you are a party, the Company’s bylaws, or applicable law confidentiality (the “Release”) within the applicable deadline set forth therein and permitting the Release to become effective in accordance with its terms, which must occur no later than the Release Deadline (as defined in Section 7 12 below). The salary continuation payments described in Sections 6(a) and 6(bSection 8(b) will be paid in substantially equal installments on the Company’s regular payroll schedule and subject to standard deductions and withholdings over the Severance Period following termination; provided, however, that no payments will be made prior to the effectiveness of the Release. On Within seven (7) business days of the effective date of the Release, the Company will pay you Executive the first payment, which will be the salary continuation payments that you Executive would have received on or prior to such date in a lump sum under the original schedule but for the delay while waiting for the effectiveness of the releaseRelease, with the balance of the cash severance payments being paid as originally scheduled. Bonus payments All severance benefits described in this Section 6(b) 8 will be paid in a lump sum cash payment, subject to all applicable standard required deductions and withholdings on the effective date of the Releasewithholdings.
Appears in 1 contract
Samples: Employment Agreement (Viridian Therapeutics, Inc.\DE)
Conditions and Timing for Severance Benefits. The severance benefits Severance Benefits set forth in Sections 6(a) and 6(b) above are expressly conditioned upon: (i) your continuing to comply with your obligations under this Agreement and your Employee Confidential Information Agreement and Invention Assignment Agreement, as may be amended by you and the Company from time to time (as defined in Section 8 below“Confidential Information Agreement”); and (ii) you signing signing, dating, and not revoking returning to the Company a general release of legal all known and unknown claims in a termination agreement acceptable to the form attached hereto as EXHIBIT A or a substantially similar form Company (provided that, for the avoidance of doubt, such form agreement will include a commitment from you to comply with your continuing obligations under your Confidential Information Agreement, but will not include a noncompetition provision and will not include a release of any rights or claims for indemnification you may have pursuant to any written indemnification agreement with the Company to which you are a party, the Company’s bylaws, or applicable law law) (the “Release”) within the applicable deadline set forth therein and permitting the Release to become effective in accordance with its terms, which must occur no later than the Release Deadline (as defined in Section 7 below). The salary continuation payments described in Sections Section 6(a) and 6(b) will be paid in substantially equal installments on the Company’s regular payroll schedule and subject to standard deductions and withholdings over the Severance Period following termination; provided, however, that no payments will be made prior to the effectiveness of the Release. On the effective date of the Release, the Company will pay you the salary continuation payments that you would have received on or prior to such date in a lump sum under the original schedule but for the delay while waiting for the effectiveness of the releaseRelease, with the balance of the cash severance being paid as originally scheduled. Bonus payments described in Section 6(b) will be paid in a lump sum cash payment, subject to standard deductions and withholdings on the effective date of the Release.
Appears in 1 contract
Samples: Employment Agreement (HTG Molecular Diagnostics, Inc)
Conditions and Timing for Severance Benefits. The severance benefits set forth in Sections 6(aSection 7(b) and 6(bSection 7(c) above are expressly conditioned upon: :
(i) your Executive continuing to comply with your Executive's obligations under your Confidential Information Agreement (as defined in Section this Agreement, including Sections 8 below)through 11; and (ii) you Executive signing and not revoking a general release of legal claims in a form similar to the form attached hereto as EXHIBIT A or a substantially similar form provided thatExhibit B hereto, with such changes as are necessary for updates in applicable laws and the avoidance circumstances of doubt, such form will include a commitment from you to comply with your continuing obligations under your Confidential Information Agreement, but will not include a noncompetition provision and will not include a release of any rights or claims for indemnification you may have pursuant to any written indemnification agreement with the Company to which you are a party, the Company’s bylaws, or applicable law Executive's termination (the “"Release”") within the applicable deadline set forth therein and permitting the Release to become effective in accordance with its terms, which must occur no later than the Release Deadline (as defined in Section 7 14 below). The salary continuation payments described in Sections 6(a) and 6(bSection 7(b) will be paid in substantially equal installments on the Company’s 's regular payroll schedule and subject to standard deductions and withholdings over the Severance Period following termination; provided, however, that no payments will be made prior to the effectiveness of the Release. On the effective date of the Release, the Company will pay you Executive the salary continuation payments that you Executive would have received on or prior to such date in a lump sum under the original schedule but for the delay while waiting for the effectiveness of the releaseRelease, with the balance of the cash severance payments being paid as originally scheduled. Bonus payments Payments described in Section 6(b7(b) and 7(c) will be paid in a lump sum cash payment, subject to standard deductions and withholdings payment on the first regular payroll date of the Company following the effective date of the Release, but in no event later than March 15 of the year following the year in which Executive's termination of employment occurred. All severance benefits described in this Section 7 will be subject to all applicable standard required deductions and withholdings.
Appears in 1 contract
Conditions and Timing for Severance Benefits. The severance benefits set forth in Sections 6(a) and 6(b) above are expressly conditioned upon: (i) your continuing to comply with your obligations under your Confidential Information Agreement (as defined in Section 8 below); and (ii) you signing and not revoking a general release of legal claims in the form attached hereto as EXHIBIT A or a substantially similar form provided that, for the avoidance of doubt, such form will include a commitment from you to comply with your continuing obligations under your Confidential Information Agreement, but will not include a noncompetition provision and will not include a release of any rights or claims for indemnification you may have pursuant to any written indemnification agreement with the Company to which you are a party, the Company’s bylaws, or applicable law (the “Release”) within the applicable deadline set forth therein and permitting the Release to become effective in accordance with its terms, which must occur no later than the Release Deadline (as defined in Section 7 below). The salary continuation payments described in Sections 6(a) and 6(b) will be paid in substantially equal installments on the Company’s regular payroll schedule and subject to standard deductions and withholdings over the Severance Period following termination; provided, however, that no payments will be made prior to the effectiveness of the Release. On the effective date of the Release, the Company will pay you the salary continuation payments that you would have received on or prior to such date in a lump sum under the original schedule but for the delay while waiting for the effectiveness of the release, with the balance of the cash severance being paid as originally scheduled. Bonus payments described in Section 6(b) will be paid in a lump sum cash payment, subject to standard deductions and withholdings on the effective date of the Release.salary
Appears in 1 contract
Samples: Employment Agreement (Celladon Corp)
Conditions and Timing for Severance Benefits. The severance benefits set forth in Sections 6(a) Section 9.2, any potential severance benefits set forth in Section 2.3, and 6(b) the equity acceleration in Section 8.2 above are expressly conditioned upon: (i) your Executive continuing to comply with your Executive’s obligations under your Confidential Information this Agreement (as defined in Section 8 below)and the Proprietary Agreement; and (ii) you Executive signing and not revoking a general release of legal claims in the form attached hereto as EXHIBIT A or a substantially similar standard form provided that, for the avoidance of doubt, such form will include a commitment from you to comply with your continuing obligations under your Confidential Information Agreement, but will not include a noncompetition provision and will not include a release of any rights or claims for indemnification you may have pursuant to any written indemnification agreement with by the Company to which you are a party, the Company’s bylaws, or in compliance with applicable law (the “Release”) within the applicable deadline set forth therein and permitting the Release to become effective in accordance with its terms, which must occur no later than the Release Deadline (as defined herein). Executive shall receive severance benefits only if Executive executes and returns to the Company the Release within the applicable time period set forth therein and permits such Release to become effective in Section 7 belowaccordance with its terms, which date may not be later than sixty (60) days following the date of Executive’s Separation from Service (such latest permitted date, “Release Deadline”). The salary continuation payments described in Sections 6(a) and 6(bSection 9.2(a) will be paid in substantially equal installments on the Company’s regular payroll schedule and subject to standard deductions and withholdings over the Severance Period following termination; provided, however, that no payments will be made prior to the effectiveness of the Release. On the effective date of the Release, the Company will pay you Executive the salary continuation payments that you Executive would have received on or prior to such date in a lump sum under the original schedule but for the delay while waiting for the effectiveness of the releaseRelease, with the balance of the cash severance payments being paid as originally scheduled. Any Severance Bonus payments described in Section 6(b9.2(b) will be paid in a lump sum cash payment, subject to standard deductions and withholdings payment on the first regular payroll date of the Company following the effective date of the Release. All severance benefits described in this Section 9.2 will be subject to all applicable standard required deductions and withholdings.
Appears in 1 contract
Samples: Executive Employment Agreement (Aethlon Medical Inc)
Conditions and Timing for Severance Benefits. The severance benefits set forth in Sections 6(aSection 7(b) and 6(bSection 7(c) above are expressly conditioned upon: :
(i) your Executive continuing to comply with your Executive’s obligations under your Confidential Information Agreement (as defined in Section this Agreement, including Sections 8 below)through 11; and (ii) you Executive signing and not revoking a general release of legal claims in a form similar to the form attached hereto as EXHIBIT A or a substantially similar form provided thatExhibit B hereto, with such changes as are necessary for updates in applicable laws and the avoidance circumstances of doubt, such form will include a commitment from you to comply with your continuing obligations under your Confidential Information Agreement, but will not include a noncompetition provision and will not include a release of any rights or claims for indemnification you may have pursuant to any written indemnification agreement with the Company to which you are a party, the CompanyExecutive’s bylaws, or applicable law termination (the “Release”) within the applicable deadline set forth therein and permitting the Release to become effective in accordance with its terms, which must occur no later than the Release Deadline (as defined in Section 7 14 below). The salary continuation payments described in Sections 6(a) and 6(bSection 7(b) will be paid in substantially equal installments on the Company’s regular payroll schedule and subject to standard deductions and withholdings over the Severance Period following termination; provided, however, that no payments will be made prior to the effectiveness of the Release. On the effective date of the Release, the Company will pay you Executive the salary continuation payments that you Executive would have received on or prior to such date in a lump sum under the original schedule but for the delay while waiting for the effectiveness of the releaseRelease, with the balance of the cash severance payments being paid as originally scheduled. Bonus payments Payments described in Section 6(b7(b) and 7(c) will be paid in a lump sum cash payment, subject to standard deductions and withholdings payment on the first regular payroll date of the Company following the effective date of the Release, but in no event later than March 15 of the year following the year in which Executive’s termination of employment occurred. All severance benefits described in this Section 7 will be subject to all applicable standard required deductions and withholdings.
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Conditions and Timing for Severance Benefits. The severance benefits set forth in Sections 6(a) and 6(b) Section 9.2 above are expressly conditioned upon: (i) your Executive’s continuing to comply with your Executive’s obligations under your Confidential Information Agreement (as defined in Section 8 below)Executive’s Proprietary Agreement; and (ii) you Executive signing and not revoking a general release of legal claims in the form attached hereto as EXHIBIT A or provided by the Company which shall include a substantially similar form provided that, for full general release of claims against the avoidance of doubt, such form will include Company and related persons and entities and a commitment from you Executive to comply with your Executive’s continuing obligations under your Confidential Information Executive’s Proprietary Agreement, but will not include a noncompetition provision and will not include a release of any rights or claims for indemnification you Executive may have pursuant to any written indemnification agreement with the Company to which you are Executive is a party, the Company’s bylaws, or applicable law (the “Release”) within the applicable deadline set forth therein and permitting the Release to become effective in accordance with its terms, which must occur no later than forty-five (45) days following the date of termination (the “Release Deadline (as defined in Section 7 belowDeadline”). The salary continuation payments described in Sections 6(a) and 6(b) Section 9.2 will be paid in substantially equal installments on the Company’s regular payroll schedule and subject to standard deductions and withholdings over the Severance Period following termination; provided, however, that no payments will be made prior to the effectiveness of the Release. On the effective date of the Release, the Company will pay you Executive the salary continuation payments that you Executive would have received on or prior to such date in a lump sum under the original schedule but for the delay while waiting for the effectiveness of the release, with the balance of the cash severance being paid as originally scheduled. Bonus payments described in Section 6(b) will be paid in a lump sum cash payment, subject to standard deductions and withholdings on the effective date of the Release.
Appears in 1 contract
Conditions and Timing for Severance Benefits. The severance benefits Severance Benefits set forth in Sections 6(a) and 6(b) above are expressly conditioned upon: (i) your continuing to comply with your obligations under this Agreement and your Employee, Confidential Information Agreement and Invention Assignment Agreement, as may be amended by you and the Company from time to time (as defined in Section 8 below“Confidential Information Agreement”); and (ii) you signing signing, dating, and not revoking returning to the Company a general release of legal all known and unknown claims in a termination agreement acceptable to the form attached hereto as EXHIBIT A or a substantially similar form Company (provided that, for the avoidance of doubt, such form agreement will include a commitment from you to comply with your continuing obligations under your Confidential Information Agreement, but will not include a noncompetition provision and will not include a release of any rights or claims for indemnification you may have pursuant to any written indemnification agreement with the Company to which you are a party, the Company’s bylaws, or applicable law law) (the “Release”) within the applicable deadline set forth therein and permitting the Release to become effective in accordance with its terms, which must occur no later than the Release Deadline (as defined in Section 7 below). The salary continuation payments described in Sections Section 6(a) and 6(b) will be paid in substantially equal installments on the Company’s regular payroll schedule and subject to standard deductions and withholdings over the Severance Period following termination; provided, however, that no payments will be made prior to the effectiveness of the Release. On the effective date of the Release, the Company will pay you the salary continuation payments that you would have received on or prior to such date in a lump sum under the original schedule but for the delay while waiting for the effectiveness of the releaseRelease, with the balance of the cash severance being paid as originally scheduled. Bonus payments described in Section 6(b) will be paid in a lump sum cash payment, subject to standard deductions and withholdings on the effective date of the Release.
Appears in 1 contract
Samples: Employment Agreement (HTG Molecular Diagnostics, Inc)