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

Scope of and Consideration for This Agreement. 1.1 The Company desires to employ Executive, or to continue Executive’s employment, in the position of Vice President, Finance, and Executive wishes to be employed, or continue to be employed, by the Company in such position. 1.2 The Company and Executive wish to set forth the compensation and benefits that Executive shall be entitled to receive upon a Change in Control Termination or a Covered Termination. 1.3 The duties and obligations of the Company to Executive under this Agreement shall be in consideration for Executive’s employment with the Company (and if Executive is a continuing employee, his or her past services to the Company), and, with respect to the benefits described in Article 2 and Article 3, Executive’s compliance with the limitations and conditions on benefits as described in Article 4, including the execution of an effective Release, return of Company property and continued compliance with the Restrictive Covenants. 1.4 This Agreement shall supersede any other policy, plan, program or arrangement, including, without limitation, any contract between Executive and any entity, relating to severance benefits payable by the Company to Executive in connection with a Change in Control Termination or Covered Termination.

Appears in 1 contract

Samples: Executive Severance Benefits Agreement (Five Prime Therapeutics Inc)

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Scope of and Consideration for This Agreement. 1.1 The Company desires to employ Executive, or to continue Executive’s employment, in the position of Vice President, FinancePresident of Business Development, and Executive wishes to be employed, or continue to be employed, by the Company in such position. 1.2 The Company and Executive wish to set forth the compensation and benefits that Executive shall be entitled to receive upon a Change in Control Termination or a Covered Termination. 1.3 The duties and obligations of the Company to Executive under this Agreement shall be in consideration for Executive’s employment with the Company (and if Executive is a continuing employee, his or her past services to the Company), and, with respect to the benefits described in Article 2 and Article 3, Executive’s compliance with the limitations and conditions on benefits as described in Article 4, including the execution of an effective Release, return of Company property and continued compliance with the Restrictive Covenants. 1.4 This Agreement shall supersede any other policy, plan, program or arrangement, including, without limitation, any contract between Executive and any entity, relating to severance benefits payable by the Company to Executive in connection with a Change in Control Termination or Covered Termination.

Appears in 1 contract

Samples: Executive Severance Benefits Agreement (Five Prime Therapeutics Inc)

Scope of and Consideration for This Agreement. 1.1 The Company desires to employ Executive, or to continue Upon termination of Executive’s employmentemployment for any reason, in Executive shall be entitled to the position of Vice President, Finance, and Executive wishes to be employed, or continue to be employed, by the Company in such position. 1.2 Accrued Obligations. The Company and Executive wish to set forth in this Agreement the compensation and benefits that Executive shall be entitled to receive upon a Covered Termination or Change in Control Termination or a Covered Termination. 1.3 1.2 The duties and obligations of the Company to Executive under this Agreement in the event of a Covered Termination or Change in Control Termination shall be in consideration for Executive’s employment with the Company (and if Executive is a continuing employee, his or her past services to the Company), and, with respect to the benefits described in Article 2 and Article 3, Executive’s compliance with the limitations and conditions on benefits as described in Article 4, including the execution timely provision of an effective Release, in substantially the form of Exhibit A attached hereto (the “Release”) return of Company property and continued compliance with certain obligations described in Article 4. Provision of the Restrictive CovenantsAccrued Obligations to Executive is not conditioned upon Executive’s compliance with the conditions on benefits described in Article 4. 1.4 1.3 This Agreement shall supersede any other policy, plan, program or arrangement, including, without limitation, any contract between Executive and the Company (or any entitysubsidiary or affiliate of the Company), relating to severance benefits payable by the Company to Executive in connection with a Change in Control Termination or Covered Terminationtermination of employment.

Appears in 1 contract

Samples: General Severance Benefits and Change in Control Severance Benefits Agreement (Nanometrics Inc)

Scope of and Consideration for This Agreement. 1.1 The Company desires to employ Executive, or to continue Executive’s employment, in the position of Vice President, FinanceImmunology and Discovery Research, and Executive wishes to be employed, or continue to be employed, by the Company in such position. 1.2 The Company and Executive wish to set forth the compensation and benefits that Executive shall be entitled to receive upon a Change in Control Termination or a Covered Termination. 1.3 The duties and obligations of the Company to Executive under this Agreement shall be in consideration for Executive’s employment with the Company (and if Executive is a continuing employee, his or her past services to the Company), and, with respect to the benefits described in Article 2 and Article 3, Executive’s compliance with the limitations and conditions on benefits as described in Article 4, including the execution of an effective Release, return of Company property and continued compliance with the Restrictive Covenants. 1.4 This Agreement shall supersede any other policy, plan, program or arrangement, including, without limitation, any contract between Executive and any entity, relating to severance benefits payable by the Company to Executive in connection with a Change in Control Termination or Covered Termination.

Appears in 1 contract

Samples: Executive Severance Benefits Agreement (Five Prime Therapeutics Inc)

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Scope of and Consideration for This Agreement. 1.1 The Company desires to employ Executive, or to continue Executive’s employment, in the position of Senior Vice President, FinanceChief Medical Officer, and Executive wishes to be employed, or continue to be employed, by the Company in such position. 1.2 The Company and Executive wish to set forth the compensation and benefits that Executive shall be entitled to receive upon a Change in Control Termination or a Covered Termination. 1.3 The duties and obligations of the Company to Executive under this Agreement shall be in consideration for Executive’s employment with the Company (and if Executive is a continuing employee, his or her past services to the Company), and, with respect to the benefits described in Article 2 and Article 3, Executive’s compliance with the limitations and conditions on benefits as described in Article 4, including the execution of an effective Release, return of Company property and continued compliance with the Restrictive Covenants. 1.4 This Agreement shall supersede any other policy, plan, program or arrangement, including, without limitation, any contract between Executive and any entity, relating to severance benefits payable by the Company to Executive in connection with a Change in Control Termination or Covered Termination.

Appears in 1 contract

Samples: Executive Severance Benefits Agreement (Five Prime Therapeutics Inc)

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