Conditions For Receipt of Severance Benefits or Change of Control Severance Benefits. Both the Severance Benefits and Change of Control Severance Benefits are conditional upon: (i) your continuing to comply with your obligations under your Employee Confidential Information and Invention Assignment Agreement; (i) your delivering to Freshworks an effective, general release of claims in favor of Freshworks in a form acceptable to Freshworks within 60 days following your termination date; and (iii) if you are a member of the board of directors of Freshworks and/or any subsidiaries of Freshworks, your resignation from the boards of directors and all committees thereof, to be effective no later than the date of your termination date (or such other date as requested by the board of directors). The Salary Continuation or Change of Control Salary Continuation will be paid in equal installments on Freshworks' regular payroll schedule and will be subject to applicable tax withholdings over the period outlined above following the date of your termination date; provided, however, that no payments will be made prior to the 60th day following your Separation from Service. On the 60th day following your Separation from Service, Freshworks will pay you in a lump sum the Salary Continuation or Change of Control Salary Continuation and other Severance Benefits that you would have received on or prior to such date under the original schedule but for the delay while waiting for the 60th day in compliance with Code Section 409A and the effectiveness of the release, with the balance of the Salary Continuation or Change of Control Salary Continuation and other Severance Benefits being paid as originally scheduled. For the avoidance of doubt, in no event will you be entitled to benefits under both Section 10(b) and Section 10(c), nor will you be entitled to benefits under both Sections 10(c)(i) and 10(c)(ii). If you would otherwise be eligible for severance benefits under both Section 10(b) and Section 10(c), you will receive the benefits set forth in Section 10(c)(i) or 10(c)(ii) and such benefits shall be reduced by any benefits previously provided to you under Section 10(b).
Appears in 4 contracts
Samples: Offer Letter (Freshworks Inc.), Offer Letter (Freshworks Inc.), Offer Letter (Freshworks Inc.)
Conditions For Receipt of Severance Benefits or Change of Control Severance Benefits. Both the The Severance Benefits and or Change of Control Severance Benefits are conditional upon: upon (ix) your continuing to comply with your obligations under your Employee Confidential Information and Invention Assignment and Confidentiality Agreement; (iy) your delivering to Freshworks the Company an effective, general release of claims in favor of Freshworks the Company in a form acceptable to Freshworks the Company (the “Release”), and any revocation period thereunder having expired, within 60 sixty (60) days following your termination date; and (iiiz) if you are a member of the board of directors of Freshworks and/or any subsidiaries of FreshworksBoard, your resignation from the boards of directors and all committees thereofBoard, to be effective no later than the date of your termination date (or such other date as requested by the board of directorsBoard). The Salary Continuation or Change of Control Salary Continuation will be paid in equal installments on Freshworks' the Company’s regular payroll schedule and will be subject to applicable tax withholdings over the period outlined above following the date of your termination dateSeparation from Service; provided, however, that no payments will be made prior to the 60th sixtieth (60th) day following your Separation from Service. On the 60th sixtieth (60th) day following your Separation from Service, Freshworks the Company will pay you in a lump sum the Salary Continuation or Change of Control Salary Continuation and other Severance Benefits Continuation, as applicable, that you would have received on or prior to such date under the original schedule but for the delay while waiting for the 60th sixtieth (60th) day in compliance with Code Section 409A and the effectiveness of the releaseRelease, with the balance of the Salary Continuation or Change of Control Salary Continuation and other Severance Benefits Continuation, as applicable, being paid as originally scheduled. For the avoidance of doubt, in no event will you be entitled to benefits under both Section 10(b) and Section 10(c), nor will you be entitled to benefits under both Sections 10(c)(i) and 10(c)(ii). If you would otherwise be eligible for severance benefits under both Section 10(b) and Section 10(c), you will receive the benefits set forth in Section 10(c)(i) or 10(c)(ii) and such benefits shall be reduced by any benefits previously provided to you under Section 10(b).
Appears in 3 contracts
Samples: Employment Agreement (Avidity Biosciences, Inc.), Employment Agreement (Avidity Biosciences, Inc.), Employment Agreement (Avidity Biosciences, Inc.)
Conditions For Receipt of Severance Benefits or Change of Control Severance Benefits. Both the The Severance Benefits and or Change of Control Severance Benefits are conditional upon: upon (ix) your continuing to comply with your obligations under your Employee Confidential Information and Invention Assignment and Confidentiality Agreement; (iy) your delivering to Freshworks the Company an effective, general release of claims in favor of Freshworks the Company in a form acceptable to Freshworks the Company (the “Release”), and any revocation period thereunder having expired, within 60 days following your termination date; and (iiiz) if you are a member of the board of directors of Freshworks and/or any subsidiaries of FreshworksBoard, your resignation from the boards of directors and all committees thereofBoard, to be effective no later than the date of your termination date (or such other date as requested by the board of directorsBoard). The Salary Continuation or Change of Control Salary Continuation will be paid in equal installments on Freshworks' the Company’s regular payroll schedule and will be subject to applicable tax withholdings over the period outlined above following the date of your termination dateSeparation from Service; provided, however, that no payments will be made prior to the 60th sixtieth (60th) day following your Separation from Service. On the 60th sixtieth (60th) day following your Separation from Service, Freshworks the Company will pay you in a lump sum the Salary Continuation or Change of Control Salary Continuation and other Severance Benefits Continuation, as applicable, that you would have received on or prior to such date under the original schedule but for the delay while waiting for the 60th sixtieth (60th) day in compliance with Code Section 409A and the effectiveness of the releaseRelease, with the balance of the Salary Continuation or Change of Control Salary Continuation and other Severance Benefits Continuation, as applicable, being paid as originally scheduled. For the avoidance of doubt, in no event will you be entitled to benefits under both Section 10(b) and Section 10(c), nor will you be entitled to benefits under both Sections 10(c)(i) and 10(c)(ii). If you would otherwise be eligible for severance benefits under both Section 10(b) and Section 10(c), you will receive the benefits set forth in Section 10(c)(i) or 10(c)(ii) and such benefits shall be reduced by any benefits previously provided to you under Section 10(b).
Appears in 2 contracts
Samples: Employment Agreement (Avidity Biosciences, Inc.), Employment Agreement (Avidity Biosciences, Inc.)
Conditions For Receipt of Severance Benefits or Change of Control Severance Benefits. Both the Severance Benefits and Change of Control Severance Benefits are conditional upon: (i) your continuing to comply with your obligations under your Employee Confidential Inventions and Proprietary Information and Invention Assignment Agreement; (i) your delivering to Freshworks an effective, general release of claims in favor of Freshworks in a form acceptable to Freshworks within 60 days following your termination date; and (iii) if you are a member of the board of directors of Freshworks and/or any subsidiaries of Freshworks, your resignation from the boards such board of directors and all committees thereof, to be effective no later than the date of your termination date (or such other date as requested by the board of directors). The Salary Continuation or Change of Control Salary Continuation will be paid in equal installments on Freshworks' ’ regular payroll schedule and will be subject to applicable tax withholdings over the period outlined above following the date of your termination date; provided, however, that no payments will be made prior to the 60th day following your Separation from Service. On the 60th day following your Separation from Service, Freshworks will pay you in a lump sum the Salary Continuation or Change of Control Salary Continuation and other Severance Benefits that you would have received on or prior to such date under the original schedule but for the delay while waiting for the 60th day in compliance with Code Section 409A and the effectiveness of the release, with the balance of the Salary Continuation or Change of Control Salary Continuation and other Severance Benefits being paid as originally scheduled. For the avoidance of doubt, in no event will you be entitled to benefits under both Section 10(b) and Section 10(c), nor will you be entitled to benefits under both Sections 10(c)(i) and 10(c)(ii). If you would otherwise be eligible for severance benefits under both Section 10(b) and Section 10(c), you will receive the benefits set forth in Section 10(c)(i) or 10(c)(ii10(c) and such benefits shall be reduced by any benefits previously provided to you under Section 10(b).
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Samples: Offer Letter (Freshworks Inc.)
Conditions For Receipt of Severance Benefits or Change of Control Severance Benefits. Both the The Severance Benefits and or Change of Control Severance Benefits are conditional upon: upon (ix) your continuing to comply with your obligations under your Employee Confidential Information and Invention Assignment and Confidentiality Agreement; (iy) your delivering to Freshworks the Company an effective, general release of claims in favor of Freshworks the Company in a substantially the form acceptable to Freshworks attached hereto as Exhibit A (the “Release”), and any revocation period thereunder having expired, within 60 sixty (60) days following your termination date; and (iiiz) if you are a member of the board of directors of Freshworks and/or any subsidiaries of FreshworksBoard, your resignation from the boards of directors and all committees thereofBoard, to be effective no later than the date of your termination date (or such other date as requested by the board of directorsBoard). The Salary Continuation or Change of Control Salary Continuation will be paid in equal installments on Freshworks' the Company’s regular payroll schedule and will be subject to applicable tax withholdings over the period outlined above following the date of your termination dateSeparation from Service; provided, however, that no payments will be made prior to the 60th sixtieth (60th) day following your Separation from Service. On the 60th sixtieth (60th) day following your Separation from Service, Freshworks the Company will pay you in a lump sum the Salary Continuation or Change of Control Salary Continuation and other Severance Benefits Continuation, as applicable, that you would have received on or prior to such date under the original schedule but for the delay while waiting for the 60th sixtieth (60th) day in compliance with Code Section 409A and the effectiveness of the releaseRelease, with the balance of the Salary Continuation or Change of Control Salary Continuation and other Severance Benefits being paid as originally scheduled. For the avoidance of doubt, in no event will you be entitled to benefits under both Section 10(b) and Section 10(c), nor will you be entitled to benefits under both Sections 10(c)(i) and 10(c)(ii). If you would otherwise be eligible for severance benefits under both Section 10(b) and Section 10(c), you will receive the benefits set forth in Section 10(c)(i) or 10(c)(ii) and such benefits shall be reduced by any benefits previously provided to you under Section 10(b).of
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Conditions For Receipt of Severance Benefits or Change of Control Severance Benefits. Both the The Severance Benefits and or Change of Control Severance Benefits (as applicable) are conditional upon: (i) your continuing to comply with your obligations under your Employee Confidential Information and Invention Inventions Assignment Agreement; (i) your delivering to Freshworks the Company an effective, general release of claims in favor of Freshworks the Company in a form acceptable to Freshworks the Company within 60 days following your termination date; and (iii) if you are a member of the board of directors of Freshworks and/or any subsidiaries of FreshworksBoard, your resignation from the boards of directors and all committees thereofBoard, to be effective no later than the date of your termination date (or such other date as requested by the board of directorsBoard). The Salary Continuation or Change of Control Salary Continuation will be paid in equal installments on Freshworks' the Company's regular payroll schedule and will be subject to applicable tax withholdings over the period outlined above following the date of your termination date; provided, however, that no payments will be made prior to the 60th day following your Separation from Service. On the 60th day following your Separation from Service, Freshworks the Company will pay you in a lump sum the Salary Continuation or Change of Control Salary Continuation and other Severance Benefits that you would have received on or prior to such date under the original schedule but for the delay while waiting for the 60th day in compliance with Code Section 409A and the effectiveness of the release, with the balance of the Salary Continuation or Change of Control Salary Continuation and other Severance Benefits being paid as originally scheduled. For the avoidance of doubt, in no event will you be entitled to benefits under both Section 10(b8(c) and Section 10(c), nor will you be entitled to benefits under both Sections 10(c)(i) and 10(c)(ii8(d). If you would otherwise be eligible for severance benefits under both Section 10(b8(c) and Section 10(c8(d), you will receive the benefits set forth in Section 10(c)(i) or 10(c)(ii8(d) and such benefits shall be reduced by any benefits previously provided to you under Section 10(b8(c).
Appears in 1 contract
Samples: Employment Agreement (Aurinia Pharmaceuticals Inc.)
Conditions For Receipt of Severance Benefits or Change of Control Severance Benefits. Both the The Severance Benefits and or Change of Control Severance Benefits are conditional upon: upon (ix) your continuing to comply with your obligations under your Employee Confidential Information and Invention Assignment and Confidentiality Agreement; (iy) your delivering to Freshworks the Company an effective, general release of claims in favor of Freshworks the Company in a form acceptable to Freshworks the Company (the "Release"), and any revocation period thereunder having expired, within 60 sixty (60) days following your termination date; and (iiiz) if you are a member of the board of directors of Freshworks and/or any subsidiaries of FreshworksBoard, your resignation from the boards of directors and all committees thereofBoard, to be effective no later than the date of your termination date (or such other date as requested by the board of directorsBoard). The Salary Continuation or Change of Control Salary Continuation will be paid in equal installments on Freshworks' the Company's regular payroll schedule and will be subject to applicable tax withholdings over the period outlined above following the date of your termination dateSeparation from Service; provided, however, that no payments will be made prior to the 60th sixtieth (60th) day following your Separation from Service. On the 60th sixtieth (60th) day following your Separation from Service, Freshworks the Company will pay you in a lump sum the Salary Continuation or Change of Control Salary Continuation and other Severance Benefits Continuation, as applicable, that you would have received on or prior to such date under the original schedule but for the delay while waiting for the 60th sixtieth (60th) day in compliance with Code Section 409A and the effectiveness of the releaseRelease, with the balance of the Salary Continuation or Change of Control Salary Continuation and other Severance Benefits Continuation, as applicable, being paid as originally scheduled. For the avoidance of doubt, in no event will you be entitled to benefits under both Section 10(b) and Section 10(c), nor will you be entitled to benefits under both Sections 10(c)(i) and 10(c)(ii). If you would otherwise be eligible for severance benefits under both Section 10(b) and Section 10(c), you will receive the benefits set forth in Section 10(c)(i) or 10(c)(ii) and such benefits shall be reduced by any benefits previously provided to you under Section 10(b).
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