Common use of Payment and Benefits Clause in Contracts

Payment and Benefits. In consideration of the promises made in this Release, Employer has agreed to pay Executive the benefits as provided in that certain employment agreement made and entered into as of _________________________, by and between the Parties (the “Employment Agreement”). Executive understands and acknowledges that the benefits described in this Section 2 constitute benefits in excess of those to which Executive would be entitled without entering into this Release. Executive acknowledges that such benefits are being provided by Employer as consideration for Executive entering into this Release, including the release of claims and waiver of rights provided in Section 3 of this Release.

Appears in 5 contracts

Samples: Employment Agreement (MidWestOne Financial Group, Inc.), Employment Agreement (MidWestOne Financial Group, Inc.), Employment Agreement (MidWestOne Financial Group, Inc.)

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Payment and Benefits. In consideration of the promises made in this Release, Employer has agreed to pay Executive the benefits as provided in that certain employment agreement made and entered into as of _________________________, by and between the Parties (the “Employment Agreement”). Executive understands and acknowledges that the benefits described in this Section 2 constitute benefits in excess of those to which Executive would be entitled without entering into this Release. Executive acknowledges that such benefits are being provided by Employer as consideration for Executive entering into this Release, including the release of claims and waiver of rights provided in Section 3 of this Release.

Appears in 4 contracts

Samples: Employment Agreement (MidWestOne Financial Group, Inc.), Employment Agreement (MidWestOne Financial Group, Inc.), Employment Agreement (MidWestOne Financial Group, Inc.)

Payment and Benefits. In consideration of the promises made in this Release, Employer has agreed to pay Executive the benefits as provided described in Sections 6.2 and 6.3 of that certain employment agreement Executive Employment Agreement made and entered into as of _________________________, 2013, by and between the Parties (the “Employment Agreement”). Executive understands and acknowledges that the benefits described in this Section 2 constitute benefits in excess of those to which Executive would be entitled without entering into this Release. Executive acknowledges that such benefits are being provided by Employer as consideration for Executive entering into this Release, including the release of claims and waiver of rights provided in Section 3 of this Release.

Appears in 3 contracts

Samples: Executive Employment Agreement (Cesca Therapeutics Inc.), Executive Employment Agreement (Thermogenesis Corp), Executive Employment Agreement (Thermogenesis Corp)

Payment and Benefits. In consideration of the promises made in this Release, Employer has agreed to pay Executive the benefits as provided described in the applicable provisions of Sections 5 and 6 (and, in the event of a Change in Control, Section 7) of that certain employment agreement Executive Employment Agreement made and entered into as of _________________________, by and between the Parties (the “Employment Agreement”). Executive understands and acknowledges that the benefits described in this Section 2 constitute benefits in excess of those to which Executive would be entitled without entering into this Release. Executive acknowledges that such benefits are being provided by Employer as consideration for Executive entering into this Release, including the release of claims and waiver of rights provided in Section 3 of this Release.

Appears in 1 contract

Samples: Executive Employment Agreement (Arbutus Biopharma Corp)

Payment and Benefits. In consideration of the promises made in this Release, Employer has agreed to pay Executive the benefits as provided described in Sections 6.2 and 6.3 of that certain employment agreement Executive Employment Agreement made and entered into as of July _________________________, 2013, by and between the Parties (the “Employment Agreement”). Executive understands and acknowledges that the benefits described in this Section 2 constitute benefits in excess of those to which Executive would be entitled without entering into this Release. Executive acknowledges that such benefits are being provided by Employer as consideration for Executive entering into this Release, including the release of claims and waiver of rights provided in Section 3 of this Release.

Appears in 1 contract

Samples: Executive Employment Agreement (Thermogenesis Corp)

Payment and Benefits. In consideration of the promises made in this Release, Employer has agreed to pay Executive the benefits as provided described in Sections 6.2 and 6.3 of that certain employment agreement Executive Employment Agreement made and entered into as of _________________________November 13, 2017, by and between the Parties (the “Employment Agreement”). Executive understands and acknowledges that the benefits described in this Section 2 constitute benefits in excess of those to which Executive would be entitled without entering into this Release. Executive acknowledges that such benefits are being provided by Employer as consideration for Executive entering into this Release, including the release of claims and waiver of rights provided in Section 3 of this Release.

Appears in 1 contract

Samples: Executive Employment Agreement (Cesca Therapeutics Inc.)

Payment and Benefits. In consideration of the promises made in this Release, Employer has agreed to pay Executive the benefits as provided described in Sections 6.2 and 6.3 of that certain employment agreement Executive Employment Agreement made and entered into as of _________________________July 7, 2017, by and between the Parties (the “Employment Agreement”). Executive understands and acknowledges that the benefits described in this Section 2 constitute benefits in excess of those to which Executive would be entitled without entering into this Release. Executive acknowledges that such benefits are being provided by Employer as consideration for Executive entering into this Release, including the release of claims and waiver of rights provided in Section 3 of this Release.

Appears in 1 contract

Samples: Asset Acquisition Agreement (Cesca Therapeutics Inc.)

Payment and Benefits. In consideration of the promises made in this Release, Employer has agreed to pay Executive the benefits as provided described in Sections 6.2 and 6.3 of that certain employment agreement Executive Employment Agreement made and entered into as of _________________________, 2017, by and between the Parties (the “Employment Agreement”). Executive understands and acknowledges that the benefits described in this Section 2 constitute benefits in excess of those to which Executive would be entitled without entering into this Release. Executive acknowledges that such benefits are being provided by Employer as consideration for Executive entering into this Release, including the release of claims and waiver of rights provided in Section 3 of this Release.

Appears in 1 contract

Samples: Executive Employment Agreement (Cesca Therapeutics Inc.)

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Payment and Benefits. In consideration of the promises made in this Release, Employer has agreed to pay Executive the benefits as provided described in Sections 6.2 and 6.3 of that certain employment agreement Executive Employment Agreement made and entered into as of _________________________July 15, 2013, by and between the Parties (the “Employment Agreement”). Executive understands and acknowledges that the benefits described in this Section 2 constitute benefits in excess of those to which Executive would be entitled without entering into this Release. Executive acknowledges that such benefits are being provided by Employer as consideration for Executive entering into this Release, including the release of claims and waiver of rights provided in Section 3 of this Release.

Appears in 1 contract

Samples: Executive Employment Agreement (Thermogenesis Corp)

Payment and Benefits. In consideration of the promises made in this Release, Employer has agreed to pay Executive the benefits as provided described in Sections 6.2 and 6.3 of that certain employment agreement Executive Employment Agreement made and entered into as of _________________________, 2013, by and between the Parties (the "Employment Agreement"). Executive understands and acknowledges that the benefits described in this Section 2 constitute benefits in excess of those to which Executive would be entitled without entering into this Release. Executive acknowledges that such benefits are being provided by Employer as consideration for Executive entering into this Release, including the release of claims and waiver of rights provided in Section 3 of this Release.

Appears in 1 contract

Samples: Executive Employment Agreement (Cesca Therapeutics Inc.)

Payment and Benefits. In consideration of the promises made in this Release, Employer has agreed to pay Executive the benefits as provided in that certain employment change of control agreement made and entered into as of _________________________, by and between the Parties (the “Employment Change of Control Agreement”). Executive understands and acknowledges that the benefits described in this Section 2 constitute benefits in excess of those to which Executive would be entitled without entering into this Release. Executive acknowledges that such benefits are being provided by Employer as consideration for Executive entering into this Release, including the release of claims and waiver of rights provided in Section 3 of this Release.

Appears in 1 contract

Samples: Change of Control Agreement (MidWestOne Financial Group, Inc.)

Payment and Benefits. In consideration of the promises made in this Release, Employer has agreed to pay Executive the benefits as provided in that certain employment change of control agreement made and entered into as of _________________________, by and between the Parties (the “Employment Change of Control Agreement”). Executive understands and acknowledges that the benefits described in this Section 2 constitute benefits in excess of those to which Executive would be entitled without entering into this Release. Executive acknowledges that such benefits are being provided by Employer as consideration for Executive entering into this Release, including the release of claims and waiver of rights provided in Section 3 of this Release.

Appears in 1 contract

Samples: Change of Control Agreement (MidWestOne Financial Group, Inc.)

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