Common use of Effect on Other Plans and Agreements Clause in Contracts

Effect on Other Plans and Agreements. An election by you to resign for Good Reason under the provisions of this Agreement shall not be deemed a voluntary termination of employment by you for the purpose of interpreting the provisions of any of the Company's benefit plans, programs or policies. Nothing in this Agreement shall be construed to limit the rights of you under the Company’s benefit plans, programs or policies except as otherwise provided in Section 8 hereof, and except that you shall have no rights to any severance benefits under any Company severance pay plan, offer letter or otherwise. In the event that you are a party to an agreement with the Company providing for payments or benefits under such plan or agreement and under this Agreement, the terms of this Agreement shall govern and you may receive payment under this Agreement only and not both. Further, Section 5 and Section 6 of this Agreement are mutually exclusive and in no event shall you be entitled to payments or benefits pursuant to both Section 5 and Section 6 of this Agreement.

Appears in 10 contracts

Samples: Employment Agreement (Disc Medicine, Inc.), Employment Agreement (Disc Medicine, Inc.), Employment Agreement (Disc Medicine, Inc.)

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Effect on Other Plans and Agreements. An election by you the Executive to resign for Good Reason under the provisions of this Agreement shall not be deemed a voluntary termination of employment by you the Executive for the purpose of interpreting the provisions of any of the Company's ’s benefit plans, programs or policies. Nothing in this Agreement shall be construed to limit the rights of you the Executive under the Company’s benefit plans, programs or policies except as otherwise provided in Section 8 7 hereof, and except that you the Executive shall have no rights to any severance benefits under any Company severance pay plan, offer letter or otherwise. In the event that you are a the Executive is party to an agreement with the Company providing for payments or benefits under such plan or agreement and under this Agreement, the terms of this Agreement shall govern and you the Executive may receive payment under this Agreement only and not both. Further, Section 5 4 and Section 6 5 of this Agreement are mutually exclusive and in no event shall you the Executive be entitled to payments or benefits pursuant to both Section 4 and Section 5 and Section 6 of this Agreement.

Appears in 7 contracts

Samples: Executive Employment Agreement (IZEA Worldwide, Inc.), Executive Employment Agreement (IZEA Worldwide, Inc.), Executive Employment Agreement (IZEA Worldwide, Inc.)

Effect on Other Plans and Agreements. An election by you the Executive to resign for Good Reason under the provisions of this Agreement shall not be deemed a voluntary termination of employment by you the Executive for the purpose of interpreting the provisions of any of the Company's ’s benefit plans, programs or policies. Nothing in this Agreement shall be construed to limit the rights of you the Executive under the Company’s benefit plans, programs or policies except as otherwise provided in Section 8 hereof, and except that you the Executive shall have no rights to any severance benefits under any Company severance pay plan, offer letter or otherwise. In the event that you are a the Executive is party to an agreement with the Company providing for payments or benefits under such plan or agreement and under this Agreement, the terms of this Agreement shall govern and you the Executive may receive payment under this Agreement only and not both. Further, Section 5 6 and Section 6 7 of this Agreement are mutually exclusive and in no event shall you the Executive be entitled to payments or benefits pursuant to both Section 5 6 and Section 6 7 of this Agreement.

Appears in 7 contracts

Samples: Employment Agreement (Surface Oncology, Inc.), Employment Agreement (Surface Oncology, Inc.), Employment Agreement

Effect on Other Plans and Agreements. An election by you the Executive to resign for Good Reason under the provisions of this Agreement shall not be deemed a voluntary termination of employment by you the Executive for the purpose of interpreting the provisions of any of the Company's ’s benefit plans, programs or policies. Nothing in this Agreement shall be construed to limit the rights of you the Executive under the Company’s benefit plans, programs or policies except as otherwise provided in Section 8 7 hereof, and except that you the Executive shall have no rights to any severance benefits under any Company severance pay plan, offer letter or otherwise. In the event that you are a the Executive is party to an agreement with the Company providing for payments or benefits under such plan or agreement and under this Agreement, the terms of this Agreement shall govern and you the Executive may receive payment under this Agreement only and not both. Further, Section 5 and Section 6 of this Agreement are mutually exclusive and in no event shall you the Executive be entitled to payments or benefits pursuant to both Section 5 and Section 6 of this Agreement.

Appears in 6 contracts

Samples: Employment Agreement (Aptinyx Inc.), Employment Agreement (Dimension Therapeutics, Inc.), Employment Agreement (Dimension Therapeutics, Inc.)

Effect on Other Plans and Agreements. An election by you the Executive to resign for Good Reason under the provisions of this Agreement shall not be deemed a voluntary termination of employment by you the Executive for the purpose of interpreting the provisions of any of the Company's ’s benefit plans, programs or policies. Nothing in this Agreement shall be construed to limit the rights of you the Executive under the Company’s benefit plans, programs or policies except as otherwise provided in Section 8 7 hereof, and except that you the Executive shall have no rights to any severance benefits under any Company severance pay plan, offer letter or otherwise. In the event that you are a the Executive is party to an agreement with the Company providing for payments or benefits under such plan or agreement and under this Agreement, the terms of this Agreement shall govern and you Executive may receive payment under this Agreement only and not both. Further, Section 5 and Section 6 of this Agreement are mutually exclusive and in no event shall you Executive be entitled to payments or benefits pursuant to both Section 5 and Section 6 of this Agreement.

Appears in 6 contracts

Samples: Employment Agreement, Employment Agreement (Esperion Therapeutics, Inc.), Employment Agreement (Jounce Therapeutics, Inc.)

Effect on Other Plans and Agreements. An election by you the Executive to resign for Good Reason under the provisions of this Agreement shall not be deemed a voluntary termination of employment by you the Executive for the purpose of interpreting the provisions of any of the Company's ’s benefit plans, programs or policies. Nothing in this Agreement shall be construed to limit the rights of you the Executive under the Company’s benefit plans, programs or policies except as otherwise provided in Section 8 hereof, and except that you the Executive shall have no rights to any severance benefits under any Company severance pay plan, offer letter or otherwise. In the event that you are a the Executive is party to an agreement with the Company providing for payments or benefits under such plan or agreement and under this Agreement, the terms of this Agreement shall govern and you the Executive may receive payment under this Agreement only and not both. Further, Section 5 and Section 6 of this Agreement are mutually exclusive and in no event shall you the Executive be entitled to payments or benefits pursuant to both Section 5 and Section 6 of this Agreement.

Appears in 6 contracts

Samples: Employment Agreement (Proteostasis Therapeutics, Inc.), Employment Agreement (Phreesia, Inc.), Employment Agreement (Phreesia, Inc.)

Effect on Other Plans and Agreements. An election by you the Executive to resign for Good Reason under the provisions of this Agreement shall not be deemed a voluntary termination of employment by you the Executive for the purpose of interpreting the provisions of any of the Company's benefit plans, programs or policies. Nothing in this Agreement shall be construed to limit the rights of you the Executive under the Company’s benefit plans, programs or policies except as otherwise provided in Section 8 6 hereof, and except that you the Executive shall have no rights to any severance benefits under any Company severance pay plan, offer letter or otherwise. In the event that you are a the Executive is party to an agreement with the Company providing for payments or benefits under such plan or agreement and under this Agreement, the terms of this Agreement shall govern and you Executive may receive payment under this Agreement only and not both. Further, Section 5 4 and Section 6 5 of this Agreement are mutually exclusive and in no event shall you Executive be entitled to payments or benefits pursuant to both Section 4 and Section 5 and Section 6 of this Agreement.

Appears in 5 contracts

Samples: Severance and Change in Control Agreement (Sage Therapeutics, Inc.), Severance and Change in Control Agreement (Sage Therapeutics, Inc.), Severance and Change in Control Agreement (Sage Therapeutics, Inc.)

Effect on Other Plans and Agreements. An election by you the Executive to resign for Good Reason under the provisions of this Agreement shall not be deemed a voluntary termination of employment by you the Executive for the purpose of interpreting the provisions of any of the Company's ’s benefit plans, programs or policies. Nothing in this Agreement shall be construed to limit the rights of you the Executive under the Company’s benefit plans, programs or policies except as otherwise provided in Section 8 9 hereof, and except that you the Executive shall have no rights to any severance benefits under any Company severance pay plan, offer letter or otherwise. In the event that you are a the Executive is party to an agreement with the Company providing for payments or benefits under such plan or agreement and under this Agreement, the terms of this Agreement shall govern and you the Executive may receive payment under this Agreement only and not both. Further, Section 5 and Section 6 7 of this Agreement are mutually exclusive and in no event shall you the Executive be entitled to payments or benefits pursuant to both Section 5 and Section 6 7 of this Agreement.

Appears in 5 contracts

Samples: Employment Agreement (Amylyx Pharmaceuticals, Inc.), Employment Agreement (Amylyx Pharmaceuticals, Inc.), Employment Agreement (Amylyx Pharmaceuticals, Inc.)

Effect on Other Plans and Agreements. An election by you the Executive to resign for Good Reason under the provisions of this Agreement shall not be deemed a voluntary termination of employment by you the Executive for the purpose of interpreting the provisions of any of the Company's benefit plans, programs or policies. Nothing in this Agreement shall be construed to limit the rights of you the Executive under the Company’s benefit plans, programs or policies except as otherwise provided in Section 8 hereof, and except that you the Executive shall have no rights to any severance benefits under any Company severance pay plan, offer letter or otherwise. In the event that you are a the Executive is party to an agreement with the Company providing for payments or benefits under such plan or agreement and under this Agreement, the terms of this Agreement shall govern and you the Executive may receive payment under this Agreement only and not both. Further, Section 5 and Section 6 of this Agreement are mutually exclusive and in no event shall you the Executive be entitled to payments or benefits pursuant to both Section 5 and Section 6 of this Agreement.

Appears in 4 contracts

Samples: Employment Agreement (Karuna Therapeutics, Inc.), Employment Agreement (Karuna Therapeutics, Inc.), Employment Agreement (Karuna Therapeutics, Inc.)

Effect on Other Plans and Agreements. An election by you to resign for Good Reason under the provisions of this Agreement shall not be deemed a voluntary termination of employment by you for the purpose of interpreting the provisions of any of the Company's ’s benefit plans, programs or policies. Nothing in this Agreement shall be construed to limit the rights of you under the Company’s benefit plans, programs or policies except as otherwise provided in Section 8 hereof, and except that you shall have no rights to any severance benefits under any Company severance pay plan, offer letter or otherwise. In Except for the Restrictive Covenants Agreement, in the event that you are a party to an agreement with the Company providing for payments or benefits under such plan or agreement and under this Agreement, the terms of this Agreement shall govern and you may receive payment under this Agreement only and not both. Further, Section 5 and Section 6 of this Agreement are mutually exclusive and in no event shall you be entitled to payments or benefits pursuant to both Section 5 and Section 6 of this Agreement.

Appears in 4 contracts

Samples: Employment Agreement (Q32 Bio Inc.), Employment Agreement (Q32 Bio Inc.), Employment Agreement (Q32 Bio Inc.)

Effect on Other Plans and Agreements. An election by you the Executive to resign for Good Reason under the provisions of this Agreement shall not be deemed a voluntary termination of employment by you the Executive for the purpose of interpreting the provisions of any of the Company's benefit plans, programs or policies. Nothing in this Agreement shall be construed to limit the rights of you the Executive under the Company’s benefit plans, programs or policies except as otherwise provided in Section 8 hereof, and except that you the Executive shall have no rights to any severance benefits under any Company severance pay plan, offer letter or otherwise. In the event that you are a the Executive is party to an agreement with the Company providing for payments or benefits under such plan or agreement and under this Agreement, the terms of this Agreement shall govern and you the Executive may receive payment under this Agreement only and not both. Further, Section 5 and Section 6 of this Agreement are mutually exclusive and in no event shall you the Executive be entitled to payments or benefits pursuant to both Section 5 and Section 6 of this Agreement.

Appears in 4 contracts

Samples: Employment Agreement (Phreesia, Inc.), Employment Agreement (Phreesia, Inc.), Employment Agreement (Phreesia, Inc.)

Effect on Other Plans and Agreements. An election by you to resign for Good Reason under the provisions of this Agreement shall not be deemed a voluntary termination of employment by you for the purpose of interpreting the provisions of any of the Company's ’s benefit plans, programs or policies. Nothing in this Agreement shall be construed to limit the rights of you under the Company’s benefit plans, programs or policies except as otherwise provided in Section 8 hereof, and except that you shall have no rights to any severance benefits under any Company severance pay plan, offer letter or otherwise. In the event that you are a party to an agreement with the Company providing for payments or benefits under such plan or agreement and under this Agreement, the terms of this Agreement shall govern and you may receive payment under this Agreement only and not both. Further, Section 5 and Section 6 of this Agreement are mutually exclusive and in no event shall you be entitled to payments or benefits pursuant to both Section 5 and Section 6 of this Agreement.

Appears in 3 contracts

Samples: Employment Agreement (Disc Medicine, Inc.), Employment Agreement (Disc Medicine, Inc.), Employment Agreement (Disc Medicine, Inc.)

Effect on Other Plans and Agreements. An election by you the Executive to resign for Good Reason under the provisions of this Agreement shall not be deemed a voluntary termination of employment by you the Executive for the purpose of interpreting the provisions of any of the Company's ’s benefit plans, programs or policies. Nothing in this Agreement shall be construed to limit the rights of you the Executive under the Company’s benefit plans, programs or policies except as otherwise provided in Section 8 hereof, and except that you the Executive shall have no rights to any severance benefits under any Company severance pay plan, offer letter or otherwise. In the event that you are a the Executive is party to an agreement with the Company providing for payments or benefits under such plan or agreement and under this Agreement, the terms of this Agreement shall govern and you Executive may receive payment under this Agreement only and not both. Further, Section 5 and Section 6 of this Agreement are mutually exclusive and in no event shall you Executive be entitled to payments or benefits pursuant to both Section 5 and Section 6 of this Agreement.

Appears in 2 contracts

Samples: Employment Agreement (Jounce Therapeutics, Inc.), Employment Agreement (Jounce Therapeutics, Inc.)

Effect on Other Plans and Agreements. An election by you the Executive to resign for Good Reason under the provisions of this Agreement shall not be deemed a voluntary termination of employment by you the Executive for the purpose of interpreting the provisions of any of the Company's ’s benefit plans, programs or policies. Nothing in this Agreement shall be construed to limit the rights of you the Executive under the Company’s Companies’ benefit plans, programs or policies except as otherwise provided in Section 8 hereof, and except that you the Executive shall have no rights to any severance benefits under any Company severance pay plan, offer letter or otherwise. In the event that you are a the Executive is party to an agreement with the Company providing for payments or benefits under such plan or agreement and under this Agreement, the terms of this Agreement shall govern and you the Executive may receive payment under this Agreement only and not both. Further, Section 5 and Section 6 of this Agreement are mutually exclusive and in no event shall you the Executive be entitled to payments or benefits pursuant to both Section Sections 5 and Section 6 of this Agreement.

Appears in 1 contract

Samples: Employment Agreement (Better Therapeutics, Inc.)

Effect on Other Plans and Agreements. An election by you the Executive to resign for Good Reason under the provisions of this Agreement shall not be deemed a voluntary termination of employment by you the Executive for the purpose of interpreting the provisions of any of the Company's ’s benefit plans, programs or policies. Nothing in this Agreement shall be construed to limit the rights of you the Executive under the Company’s benefit plans, programs or policies except as otherwise provided in Section 8 hereof, and except that you the Executive shall have no rights to any severance benefits under any Company severance pay plan, offer letter or otherwise. In the event that you are a the Executive is party to an agreement with the Company providing for payments or benefits under such plan or agreement and under this Agreement, the terms of this Agreement shall govern and you the Executive may receive payment under this Agreement only and not both. Further, Section 5 and Section 6 of this Agreement are mutually exclusive and in no event shall you the Executive be entitled to payments or benefits pursuant to both Section 5 and Section 6 of this Agreement.

Appears in 1 contract

Samples: Service Agreement (Cullinan Oncology, LLC)

Effect on Other Plans and Agreements. An election by you the Executive to resign for Good Reason under the provisions of this Agreement shall not be deemed a voluntary termination of employment by you the Executive for the purpose of interpreting the provisions of any of the Company's benefit plans, programs or policies. Nothing in this Agreement shall be construed to limit the rights of you the Executive under the Company’s benefit plans, programs or policies except as otherwise provided in Section 8 hereof, and except that you the Executive shall have no rights to any severance benefits under any Company severance pay plan, offer letter or otherwise. In the event that you are a the Executive is party to an agreement with the Company providing for payments or benefits under such plan or agreement and under this Agreement, the terms of this Agreement shall govern and you the Executive may receive payment under this Agreement only and not both. Further, Section 5 and Section 6 of this Agreement are mutually exclusive and in no event shall you the Executive be entitled to payments or benefits pursuant to both Section 5 and Section 6 of this Agreement.. ACTIVE/100854405.3

Appears in 1 contract

Samples: Employment Agreement (Cabaletta Bio, Inc.)

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Effect on Other Plans and Agreements. An election by you the Executive to resign for Good Reason under the provisions of this Agreement shall not be deemed a voluntary termination of employment by you the Executive for the purpose of interpreting the provisions of any of the Company's ’s benefit plans, programs or policies. Nothing in this Agreement shall be construed to limit the rights of you the Executive under the Company’s benefit plans, programs or policies except as otherwise provided in Section 8 hereof, and except that you the Executive shall have no rights to any severance benefits under any Company severance pay plan, offer letter or otherwise. In the event that you are a the Executive is party to an agreement with the Company providing for payments or benefits under such plan or agreement and under this Agreement, the terms of this Agreement shall govern and you the Executive may receive payment under this Agreement only and not both. Further, Section 5 and Section 6 of this Agreement are mutually exclusive and in no event shall you the Executive be entitled to payments or benefits pursuant to both Section Sections 5 and Section 6 of this Agreement.

Appears in 1 contract

Samples: Employment Agreement (Mountain Crest Acquisition Corp II)

Effect on Other Plans and Agreements. An election by you the Executive to resign for Good Reason under the provisions of this Agreement shall not be deemed a voluntary termination of employment by you the Executive for the purpose of interpreting the provisions of any of the Company's benefit plans, programs or policies. Nothing in this Agreement shall be construed to limit the rights of you the Executive under the Company’s benefit plans, programs or policies except as otherwise provided in Section 8 7 hereof, and except that you the Executive shall have no rights to any severance benefits under any Company severance pay plan, offer letter or otherwise. In the event that you are a the Executive is party to an agreement with the Company providing for payments or benefits under such plan or agreement and under this Agreement, the terms of this Agreement shall govern and you the Executive may receive payment under this Agreement only and not both. Further, Section 5 and Section 6 of this Agreement are mutually exclusive and in no event shall you the Executive be entitled to payments or benefits pursuant to both Section 5 and Section 6 of this Agreement.

Appears in 1 contract

Samples: Employment Agreement (Dimension Therapeutics, Inc.)

Effect on Other Plans and Agreements. An election by you the Executive to resign for Good Reason under the provisions of this Agreement shall not be deemed a voluntary termination of employment by you the Executive for the purpose of interpreting the provisions of any of the Company's ’s benefit plans, programs or policies. Nothing in this Agreement shall be construed to limit the rights of you the Executive under the Company’s benefit plans, programs or policies except as otherwise provided in Section 8 hereof, and except that you the Executive shall have no rights to any severance benefits under any Company severance pay plan, offer letter or otherwise. In the event that you are a the Executive is party to an agreement with the Company providing for payments or benefits under such plan or agreement and under this Agreement, the terms of this Agreement shall govern and you the Executive may receive payment under this Agreement only and not both. Further, Section 5 5(b) and Section 6 of this Agreement are mutually exclusive and in no event shall you the Executive be entitled to payments or benefits pursuant to both Section 5 5(b) and Section 6 of this Agreement.

Appears in 1 contract

Samples: Employment Agreement (Brightcove Inc)

Effect on Other Plans and Agreements. An election by you the Executive to resign for Good Reason under the provisions of this Agreement shall not be deemed a voluntary termination of employment by you the Executive for the purpose of interpreting the provisions of any of the Company's ’s benefit plans, programs or policies. Nothing in this Agreement shall be construed to limit the rights of you the Executive under the Company’s benefit plans, programs or policies except as otherwise provided in Section 8 7 hereof, and except that you the Executive shall have no rights to any severance benefits under any Company severance pay plan, offer letter or otherwise. In the event that you are a the Executive is party to an agreement with the Company providing for payments or benefits under such plan or agreement and under this Agreement, the terms of this Agreement shall govern and you the Executive may receive payment under this Agreement only and not both. Further, Section 5 4 and Section 6 5 of this Agreement are mutually exclusive and in no event shall you the Executive be entitled to payments or benefits pursuant to both Section 4 and Section 5 and Section 6 of this Agreement. 20.

Appears in 1 contract

Samples: Executive Employment Agreement (IZEA Worldwide, Inc.)

Effect on Other Plans and Agreements. An election by you the Executive to resign for Good Reason under the provisions of this Agreement shall not be deemed a voluntary termination of employment by you the Executive for the purpose of interpreting the provisions of any of the Company's ’s benefit plans, programs or policies. Nothing in this Agreement shall be construed to limit the rights of you the Executive under the Company’s benefit plans, programs or policies except as otherwise provided in Section 8 7 hereof, and except that you the Executive shall have no rights to any severance benefits under any Company severance pay plan, offer letter or otherwise. In the event that you are a the Executive is party to an agreement with the Company providing for payments or benefits under such plan or agreement and under this Agreement, the terms of this Agreement shall govern and you the Executive may receive payment under this Agreement only and not both. Further, Section 5 4 and Section 6 5 of this Agreement are mutually exclusive and in no event shall you the Executive be entitled to payments or benefits pursuant to both Section 4 and Section 5 and Section 6 of this Agreement.

Appears in 1 contract

Samples: Employment Agreement (Neon Therapeutics, Inc.)

Effect on Other Plans and Agreements. An election by you the Executive to resign for Good Reason under the provisions of this Agreement shall not be deemed a voluntary termination of employment by you the Executive for the purpose of interpreting the provisions of any of the Company's ’s benefit plans, programs or policies. Nothing in this Agreement shall be construed to limit the rights of you the Executive under the Company’s benefit plans, programs or policies except as otherwise provided in Section 8 6 hereof, and except that you the Executive shall have no rights to any severance benefits under any Company severance pay plan, offer letter letter, employment agreement or otherwise. In the event that you are a the Executive is party to an agreement with the Company providing for payments or benefits under such plan or agreement and under this Agreement, the terms of this Agreement shall govern and you Executive may receive payment under this Agreement only and not both. Further, Section 5 4 and Section 6 5 of this Agreement are mutually exclusive and in no event shall you Executive be entitled to payments or benefits pursuant to both Section 5 4 and Section 6 5 of this Agreement.

Appears in 1 contract

Samples: Severance and Change in Control Agreement (Sage Therapeutics, Inc.)

Effect on Other Plans and Agreements. An election by you the Executive to resign for Good Reason under the provisions of this Agreement shall not be deemed a voluntary termination of employment by you the Executive for the purpose of interpreting the provisions of any of the Company's benefit plans, programs or policies. Nothing in this Agreement shall be construed to limit the rights of you the Executive under the Company’s 's benefit plans, programs or policies except as otherwise provided in Section 8 hereof, 7 hereof and except that you the Executive shall have no rights to any severance benefits under any Company severance pay plan, offer letter or otherwise. In the event that you are a the Executive is party to an agreement with the Company providing for payments or benefits under such plan or agreement and under this Agreement, the terms of this Agreement shall govern govern, and you Executive may receive payment under this Agreement only and not both. Further, Section 5 and Section 6 of this Agreement are mutually exclusive and in no event shall you Executive be entitled to payments or benefits pursuant to both Section 5 and Section 6 of this Agreement.

Appears in 1 contract

Samples: Employment Agreement (Esperion Therapeutics, Inc.)

Effect on Other Plans and Agreements. An election by you the Executive to resign for Good Reason under the provisions of this Agreement shall not be deemed a voluntary termination of employment by you the Executive for the purpose of interpreting the provisions of any of the Company's benefit plans, programs or policies. Nothing in this Agreement shall be construed to limit the rights of you the Executive under the Company’s benefit plans, programs or policies except as otherwise provided in Section 8 hereof, and except that you the Executive shall have no rights to any severance benefits under any Company severance pay plan, offer letter or 13 otherwise. In the event that you are a the Executive is party to an agreement with the Company providing for payments or benefits under such plan or agreement and under this Agreement, the terms of this Agreement shall govern and you the Executive may receive payment under this Agreement only and not both. Further, Section 5 and Section 6 of this Agreement are mutually exclusive and in no event shall you the Executive be entitled to payments or benefits pursuant to both Section 5 and Section 6 of this Agreement.

Appears in 1 contract

Samples: Employment Agreement (Phreesia, Inc.)

Effect on Other Plans and Agreements. An election by you to resign for Good Reason under the provisions of this Agreement shall not be deemed a voluntary termination of employment by you for the purpose of interpreting the provisions of any of the Company's benefit plans, programs or policies. Nothing in this Agreement shall be construed to limit the rights of you under the Company’s benefit plans, programs or policies except as otherwise provided in Section 8 hereof, and except that you shall have no rights to any severance benefits under any Company severance pay plan, offer letter or otherwise. In Except for the Restrictive Covenants Agreement, in the event that you are a party to an agreement with the Company providing for payments or benefits under such plan or agreement and under this Agreement, the terms of this Agreement shall govern and you may receive payment under this Agreement only and not both. Further, Section 5 and Section 6 of this Agreement are mutually exclusive and in no event shall you be entitled to payments or benefits pursuant to both Section 5 and Section 6 of this Agreement.

Appears in 1 contract

Samples: Employment Agreement (Aerovate Therapeutics, Inc.)

Effect on Other Plans and Agreements. An election by you the Executive to resign for Good Reason under the provisions of this Agreement shall not be deemed a voluntary termination of employment by you the Executive for the purpose of interpreting the provisions of any of the Company's benefit plans, programs or policies. Nothing in this Agreement shall be construed to limit the rights of you the Executive under the Company’s benefit plans, programs or policies except as otherwise provided in Section 8 9 hereof, and except that you the Executive shall have no rights to any severance benefits under any Company severance pay plan, offer letter or otherwise. In the event that you are a the Executive is party to an agreement with the Company providing for payments or benefits under such plan or agreement and under this Agreement, the terms of this Agreement shall govern and you the Executive may receive payment under this Agreement only and not both. Further, Section 5 and Section 6 Section7 of this Agreement are mutually exclusive and in no event shall you the Executive be entitled to payments or benefits pursuant to both Section 5 and Section 6 7 of this Agreement.

Appears in 1 contract

Samples: Employment Agreement (Amylyx Pharmaceuticals, Inc.)

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