Common use of Non-Renewal by the Company Clause in Contracts

Non-Renewal by the Company. In the event that the Company terminates Executive’s employment by providing a timely Non-Renewal Notice, pursuant to Section 1(a), and provided that Executive thereafter resigns employment within thirty (30) days after such notice, with an effective date of the end of the Initial Employment Period or the end of the Renewal Period, as applicable, Executive shall receive the following amounts (the “3 Month Severance”), subject to satisfaction of the Release Requirement.

Appears in 6 contracts

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

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Non-Renewal by the Company. In the event that the Company terminates Executive’s employment by providing a timely Non-Renewal Notice, pursuant to Section 1(a), and provided that Executive thereafter resigns employment within thirty (30) days after such notice, with an effective date of the end of the Initial Employment Period or the end of the Renewal Period, as applicable, Executive shall receive the following amounts (the “3 6 Month Severance”), subject to satisfaction of the Release Requirement.

Appears in 2 contracts

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

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