Common use of Limitation on Severance Benefits Clause in Contracts

Limitation on Severance Benefits. Clawback and Recovery. Under no circumstances will you be able to receive both the Non-CIC Severance Benefits and the CIC Severance Benefits. Any and all Non-CIC Severance Benefits and CIC Severance Benefits provided under this Agreement will be subject to recoupment in accordance with the Company’s Incentive Compensation Recoupment Policy, as the same may be amended or restated from time to time, and any other clawback policy that the Company adopts.

Appears in 4 contracts

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

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Limitation on Severance Benefits. Clawback and Recovery. Under no circumstances will you be able to receive both the Non-CIC Severance Benefits and the CIC Severance Benefits. Any and all Non-CIC Severance Benefits and CIC Severance Benefits severance benefits provided under this Agreement will be subject to recoupment in accordance with any recoupment policy or policies that shall have been adopted by the Company’s Incentive Compensation Recoupment Policy, as the same may be amended or restated from time to time, and any other clawback policy that the Company adopts.

Appears in 1 contract

Samples: Employment Agreement (Adagio Medical Holdings, Inc.)

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