Common use of Separation Compensation Clause in Contracts

Separation Compensation. In exchange for your agreement to the general release and waiver of claims and covenant not to sue set forth below and your other promises herein, the Company agrees to provide you with the [Severance Benefits / Change in Control Severance Benefits] (as defined in the Offer Letter, dated as of September 29, 2017, between you and the Company). By signing below, you acknowledge that you are receiving the separation compensation outlined in this paragraph in consideration for waiving your rights to claims referred to in this Agreement and that you would not otherwise be entitled to the separation compensation.

Appears in 5 contracts

Samples: Employment Agreement (MongoDB, Inc.), Employment Agreement (MongoDB, Inc.), Employment Agreement (MongoDB, Inc.)

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Separation Compensation. In exchange for your agreement to the general release and waiver of claims and covenant not to sue set forth below and your other promises herein, the Company agrees to provide you with the [Severance Benefits / Change in Control Severance Benefits] (as defined in the Offer Letter, dated as of September 29, 2017[ ] (“Offer Letter”), between you and the Company). By signing below, you acknowledge that you are receiving the separation compensation outlined in this paragraph in consideration for waiving your rights to claims referred to in this Agreement and that you would not otherwise be entitled to the separation compensation.

Appears in 2 contracts

Samples: Employment Agreement (MongoDB, Inc.), Employment Agreement (MongoDB, Inc.)

Separation Compensation. In exchange for your agreement to the general release and waiver of claims and covenant not to sue set forth below and your other promises herein, the Company agrees to provide you with the [Severance Benefits / Change in Control Severance Benefits] (as defined in the Offer Letter, dated as of September 29, 2017[ ], between you and the Company). By signing below, you acknowledge that you are receiving the separation compensation outlined in this paragraph in consideration for waiving your rights to claims referred to in this Agreement and that you would not otherwise be entitled to the separation compensation.

Appears in 2 contracts

Samples: Offer Letter (MongoDB, Inc.), Employment Agreement (MongoDB, Inc.)

Separation Compensation. In exchange for your agreement to the general release and waiver of claims and covenant not to sue xxx set forth below and your other promises herein, the Company agrees to provide you with the [Severance Benefits / Change in Control Severance Benefits] (as defined severance benefits set forth in the Offer Letter, dated as of September 29, 2017, between you and the Company)Severance Agreement. By signing below, you acknowledge that you are receiving the separation compensation outlined in this paragraph in consideration for waiving your rights to claims referred to in this Agreement and that you would not otherwise be entitled to the separation compensation.

Appears in 1 contract

Samples: Change of Control Severance Agreement (Fortinet Inc)

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Separation Compensation. In exchange for your agreement to the general release and waiver of claims and covenant not to sue set forth below and your other promises herein, the Company agrees to provide you with the [Severance Benefits / Change in Control Severance Benefits] (as defined in the Offer Letter, dated as of September 29December 21, 20172021 (“Offer Letter”), between you and the Company). By signing below, you acknowledge that you are receiving the separation compensation outlined in this paragraph in consideration for waiving your rights to claims referred to in this Agreement and that you would not otherwise be entitled to the separation compensation.

Appears in 1 contract

Samples: Separation Agreement (MongoDB, Inc.)

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