Common use of Scope of and Consideration for This Agreement Clause in Contracts

Scope of and Consideration for This Agreement. 1.1 Executive is currently employed by the Company. 1.2 The Company and Executive wish to set forth the compensation and benefits which Executive shall be entitled to receive in the event Executive's employment with the Company is terminated under the circumstances described herein following a Change in Control. 1.3 The duties and obligations of the Company to Executive under this Agreement shall be in consideration for Executive's past services to the Company, Executive's continued employment with the Company, and Executive's execution of a release in accordance with Section 3.1. 1.4 This Agreement shall supersede any other agreement relating to cash severance benefits and health benefits in the event of Executive's severance from employment with the Company following a Change in Control.

Appears in 9 contracts

Samples: Severance Agreement (Cv Therapeutics Inc), Severance Agreement (Cv Therapeutics Inc), Severance Agreement (Cv Therapeutics Inc)

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Scope of and Consideration for This Agreement. 1.1 Executive is currently employed by the Company. 1.2 The Company and Executive wish to set forth the compensation and benefits which Executive shall be entitled to receive in the event Executive's ’s employment with the Company is terminated under the circumstances described herein following a Change in Control. 1.3 The duties and obligations of the Company to Executive under this Agreement shall be in consideration for Executive's ’s past services to the Company, Executive's ’s continued employment with the Company, and Executive's ’s execution of a release in accordance with Section 3.1. 1.4 This Agreement shall supersede any other agreement relating to cash severance benefits and benefits, health benefits in the event of Executive's severance from employment with the Company Covered Termination following a Change in Control.

Appears in 2 contracts

Samples: Executive Severance Benefits Agreement (Monogram Biosciences, Inc.), Executive Severance Benefits Agreement (Monogram Biosciences, Inc.)

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Scope of and Consideration for This Agreement. 1.1 Executive is currently employed by the Company. 1.2 The Company and Executive wish to set forth the compensation and benefits which Executive shall be entitled to receive in the event Executive's employment with the Company is terminated under the circumstances described herein following a Change in Control. 1.3 The duties and obligations of the Company to Executive under this Agreement shall be in consideration for Executive's past services to the Company, Executive's continued employment with the Company, and Executive's execution of a release in accordance with Section 3.1. 1.4 This Agreement shall supersede any other agreement relating to cash severance benefits and benefits, health benefits in the event of Executive's severance from employment with the Company following a Change in Control.

Appears in 1 contract

Samples: Executive Severance Benefits Agreement (Virologic Inc)

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