Common use of Conditions to Receipt of Severance Benefits Clause in Contracts

Conditions to Receipt of Severance Benefits. Executive’s receipt of the severance benefits described in Section 3.2 is contingent upon Executive signing and not revoking a separation agreement and release of claims in a form reasonably satisfactory to the Company (the “Separation Agreement”). No severance benefits will be paid or provided until the Separation Agreement becomes effective. Executive shall also resign from all positions and terminate any relationships as an employee, advisor, officer or director with the Company and any of its affiliates, each effective on the date of termination.

Appears in 10 contracts

Samples: Executive Employment Agreement (Everspin Technologies Inc), Executive Employment Agreement (Everspin Technologies Inc), Executive Employment Agreement (Everspin Technologies Inc)

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Conditions to Receipt of Severance Benefits. Executive’s The receipt of the severance benefits described in Section 3.2 is contingent upon Severance Benefits will be subject to Executive signing and not revoking a separation agreement and release of claims in a form reasonably satisfactory to the Company (the “Separation Agreement”). No severance benefits Severance Benefits will be paid or provided until the Separation Agreement becomes effective. Executive shall also resign from all positions and terminate any relationships as an employee, advisor, officer or director with the Company and any of its affiliates, each effective on the date of termination.

Appears in 3 contracts

Samples: Executive Employment Agreement (UroGen Pharma Ltd.), Executive Employment Agreement (UroGen Pharma Ltd.), Executive Employment Agreement (UroGen Pharma Ltd.)

Conditions to Receipt of Severance Benefits. Executive’s 's receipt of the severance benefits described in Section 3.2 is contingent upon Executive signing and not revoking a separation agreement and release of claims in a form reasonably satisfactory to the Company (the "Separation Agreement"). No severance benefits will be paid or provided until the Separation Agreement becomes effective. Executive shall also resign from all positions and terminate any relationships as an employee, advisor, officer or director with the Company and any of its affiliates, each effective on the date of termination.

Appears in 1 contract

Samples: Executive Employment Agreement (Everspin Technologies Inc)

Conditions to Receipt of Severance Benefits. Executive’s The receipt of the severance benefits described in Section 3.2 is contingent upon set forth above will be subject to Executive signing and not revoking a separation agreement and release of claims in a form reasonably satisfactory to the Company (the “Separation Agreement”). No severance benefits will be paid or provided until the Separation Agreement becomes effective. Executive shall also resign from all positions and terminate any relationships as an employee, advisor, officer or director with the Company and any of its affiliates, each effective on the date of termination.

Appears in 1 contract

Samples: Executive Employment Agreement (Aquinox Pharmaceuticals, Inc)

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Conditions to Receipt of Severance Benefits. Except in the event of Executive’s death, the receipt of the severance benefits described in Section 3.2 is contingent upon Severance Benefits will be subject to Executive signing and not revoking a separation agreement and release of claims in a form reasonably satisfactory to the Company (the “Separation Agreement”). No severance benefits Severance Benefits will be paid or provided until the Separation Agreement becomes effective. Executive shall also resign from all positions and terminate any relationships as an employee, advisor, officer or director with the Company and any of its affiliates, each effective on the date of termination.

Appears in 1 contract

Samples: Executive Employment Agreement (UroGen Pharma Ltd.)

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