Common use of No Termination of Employment or Service Clause in Contracts

No Termination of Employment or Service. Holders of equity or equity-based awards described in this Section 5.2 will not be treated as having experienced a termination of employment or service for purposes of such awards as a result of the Separation or the occurrence of the Distribution Effective Time.

Appears in 7 contracts

Samples: Employee Matters Agreement (Alkermes Plc.), Employee Matters Agreement (Mural Oncology PLC), Employee Matters Agreement (Mural Oncology PLC)

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No Termination of Employment or Service. Holders of equity or equity-based awards described in this Section 5.2 5.3 will not be treated as having experienced a termination of employment or service for purposes of such awards as a result of the Separation or the occurrence of the Distribution Effective Time.

Appears in 3 contracts

Samples: Employee Matters Agreement (2seventy Bio, Inc.), Employee Matters Agreement (Bluebird Bio, Inc.), Employee Matters Agreement (2seventy Bio, Inc.)

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No Termination of Employment or Service. Holders of equity or equity-based awards described in this Section 5.2 will not be treated as having experienced a termination of employment or service for purposes of such awards as a result of the Separation Distribution or the occurrence of the Distribution Effective Time.

Appears in 3 contracts

Samples: Employee Matters Agreement (Bioverativ Inc.), Employee Matters Agreement (Bioverativ Inc.), Employee Matters Agreement (Bioverativ Inc.)

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