Separation and Release of Claims Agreement. The receipt of any severance payments or benefits pursuant to this Agreement is subject to the Executive signing and not revoking a separation and release of claims agreement in a form reasonably acceptable to the Company (the “Release”), which must become effective no later than the 60th day following the Executive’s termination of employment (the “Release Deadline”), and if not, the Executive will forfeit any right to severance payments or benefits under this Agreement. To become effective, the Release must be executed by the Executive and any revocation periods (as required by statute, regulation, or otherwise) must have expired without the Executive having revoked the Release. In addition, no severance payments or benefits will be paid or provided until the Release actually becomes effective. In the event the Executive’s termination of employment occurs at a time during the calendar year where the Release Deadline could occur in the calendar year following the calendar year in which Executive’s termination occurs, then any severance payments or benefits under this Agreement that would be considered Deferred Compensation Separation Benefits (as defined in Section 7(h)) will be paid on the first payroll date to occur during the calendar year following the calendar year in which such termination occurs, or such later time as required by (i) the payment schedule applicable to each payment or benefit as set forth in Section 7(a) and 7(b), (ii) the date the Release becomes effective, or (iii) Section 7(h).
Separation and Release of Claims Agreement. As a condition of the Executive’s receipt of the Severance Benefits or, in the event of the Executive’s termination due to his Disability, Separation Benefits, the Executive must execute and return to the Company a separation and release of claims agreement provided by and satisfactory to the Company (the “Separation Agreement”), and such Separation Agreement must become binding and enforceable within 60 calendar days after the Executive’s termination of employment or such shorter period as may be specified by the Company in the Separation Agreement. Except as provided in section 15 below, any payments to be made either in a lump sum or in the form of salary continuation pursuant to the terms of Section 8(a) of this Agreement shall be payable in accordance with the normal payroll practices of the Company, with such payment or, as may be applicable, the first such payment, due and payable as soon as administratively practicable following the date the Separation Agreement becomes effective (provided, however, that if the 60-day period following the Executive’s termination from employment would end in a calendar year subsequent to the year in which the Executive’s employment ends, payments will not be made or begin before the first payroll period of the subsequent year). For the avoidance of doubt, if the Executive does not timely execute the Separation Agreement, or if the Executive revokes the executed Separation Agreement within the time period permitted by law, the Executive will not be entitled to any payments or benefits (including the accelerated vesting of stock options or other equity awards) set forth in Section 8 of this Agreement, any stock options and other equity awards that vested on account of such termination as provided for in Section 8(a) or 8(b) of this Agreement, as applicable, shall be cancelled with no consideration due to the Executive, and the Company will not have any further obligations to the Executive under this Agreement or otherwise. The Executive agrees that, should the Executive become eligible to participate in the medical plan of any subsequent employer prior to the conclusion of the Severance Period, the Executive will provide the Company with written notice thereof within five (5) business days of such eligibility. The Executive further agrees to repay any overpayment of health benefit premiums made by the Company hereunder. Notwithstanding anything to the contrary herein, in the event that the Company’s payment of the amo...
Separation and Release of Claims Agreement. The receipt of any Severance Payments or benefits pursuant to this Agreement is subject to the Executive signing and not revoking a separation and release of claims agreement in substantially the form of Exhibit A hereto (the “Release”), which must become effective no later than the 60th day following the Executive’s termination of employment (the “Release Deadline”), and if not, the Executive will forfeit any right to Severance Payments or benefits under this Agreement. To become effective, the Release must be executed by the Executive and any revocation periods (as required by statute, regulation, or otherwise) must have expired without the Executive having revoked the Release. In addition, no Severance Payments or benefits will be paid or provided until the Release actually becomes effective. The Company shall deliver to Executive a release in the form of Exhibit B hereto.
Separation and Release of Claims Agreement. This Separation and Release of Claims Agreement ("Agreement") is entered into by and between Xxxxxx RPO Holdings LLC (the "Employer"), on behalf of itself, its parents, subsidiaries, and other corporate affiliates, and each of their respective present and former employees, officers, directors, owners, shareholders, and agents, individually and in their official capacities (collectively referred to as the "Employer Group"), and Xxxxx Xxxxxxxxx (the "Employee") (the Employer and the Employee are collectively referred to as the "Parties") as of [DATE] (the "Execution Date"). The Employee's last day of employment with the Employer was [DATE] (the "Separation Date"). After the Separation Date, the Employee will not represent and has not represented that the Employee is an employee, officer, attorney, agent, or representative of the Employer Group for any purpose. Except as otherwise set forth in this Agreement, the Separation Date was the employment termination date for the Employee for all purposes, meaning the Employee is not entitled to any further compensation, monies, or other benefits from the Employer Group, including coverage under any benefit plans or programs sponsored by the Employer Group, as of the Separation Date. The Employee agrees to not seek future employment with the Employer Group.
Separation and Release of Claims Agreement. Executive acknowledges that the foregoing consideration, and the severance and other benefits offered to Executive in the Employment Agreement, shall be subject to execution of a separation and release agreement and Executive expressly agrees to sign and not revoke a separation and release agreement, in substantially the form attached hereto as Exhibit A.
Separation and Release of Claims Agreement. This Separation and Release of Claims Agreement (the “Agreement”) is made as of the Agreement Effective Date (as defined below) between Nabriva Therapeutics US, Inc. (the “Company”) and (“Executive”) (together, the “Parties”).
Separation and Release of Claims Agreement. This Separation and Release of Claims Agreement (“Agreement”) is entered into between ADIENT US LLC (“Adient”) and XXXXX X. XXXXXX (“Employee”). Employee enters into this Agreement on behalf of himself, his spouse, heirs, successors, assigns, executors, and representatives of any kind, if any.
Separation and Release of Claims Agreement. The receipt of any severance payments and benefits under the Letter (“Severance Benefits”) is subject to your timely signing and not revoking the Release, which must become effective and irrevocable no later than the sixtieth (60th) day following the termination of your employment (the “Release Deadline Date”). If the Release does not become effective and irrevocable by the Release Deadline Date, you will forfeit any right to the Severance Benefits. In no event will Severance Benefits be paid or provided, or in the case of any installments, begin until the Release actually becomes effective and irrevocable. If the Release becomes effective and irrevocable by the Release Deadline Date, then subject to Sections C and D below, the Severance Benefits will be paid, or in the case of installments, will begin, on the first normally scheduled payroll date of XXX immediately after the date that the Release becomes effective and irrevocable, provided that if the Release Deadline Date occurs in the calendar year following the calendar year in which the termination of your employment occurs, then the Severance Benefits will be paid, or in the case of installments, will begin, on the later of (1) the first normally scheduled payroll date of XXX occurring immediately after the date on which the Release becomes effective and irrevocable, or (2) the first normally scheduled payroll date of XXX occurring immediately after the calendar year in which the termination of your employment occurred (such payment date, the “Severance Start Date”), but in no event later than March 15th of the calendar year following the calendar year in which the termination of your employment occurs, and any Severance Benefits otherwise payable to you during the period immediately following the termination of your employment with XXX through the Severance Start Date will be paid in a lump sum to you on the Severance Start Date, with any remaining payments to be made as provided in the Letter (or this Appendix A, as applicable).
Separation and Release of Claims Agreement. Employee’s death prior to the payment of any amounts due hereunder, the Company shall pay all such amounts to Employee’s estate upon the estate’s execution of a release, if applicable.
Separation and Release of Claims Agreement. Dear Xxxxx: As we have discussed, your employment with Teladoc Health, Inc. (the “Company”) as Chief Innovation Officer will terminate effective as of December 1, 2023 (“Termination Date”). On your Termination Date, you are to stop all efforts on behalf of the Company. In addition, you are no longer to represent yourself as an employee, officer, associate, agent, or authorized representative of the Company, negotiate or enter into any agreements on behalf of the Company, or otherwise bind the Company in any way. You will receive your final paycheck, which will include payment of your wages through the Termination Date. Regardless of whether you sign this letter agreement (this “Letter Agreement”), the Company will pay you all unreimbursed business expenses you have incurred through the Termination Date that the Company would reimburse in the ordinary course, provided you submit them in accordance with Company policy and no later than three weeks after your Termination Date, or in accordance with relevant law. Your participation in any Company-sponsored health, dental and/or vision insurance benefit plans will terminate at the end of the month in which your Termination Date occurs. Thereafter, you will be eligible to continue your health, dental and vision care coverages and/or Flexible Spending Accounts pursuant to the provisions of the Consolidated Omnibus Reconciliation Act of 1985 (“COBRA”) for an 18-month period (or such shorter period as may be applicable under the relevant provisions of COBRA), or you may choose to purchase insurance on the public exchange or elsewhere. All other benefits will end as of the Termination Date. To ensure an amicable and smooth transition, and although not required to do so, the Company is offering you the following severance package. You will have a period of 21 days to review this Letter Agreement.
