Common use of Sole Separation Benefit Clause in Contracts

Sole Separation Benefit. Executive agrees that the payments provided by this Section 3 are not required under the Company’s normal policies and procedures and are provided as a severance solely in connection with this Agreement. Executive acknowledges and agrees that the payments referenced in this Section 3 constitute adequate and valuable consideration, in and of themselves, for the promises contained in this Agreement.

Appears in 25 contracts

Samples: Separation Agreement (CytomX Therapeutics, Inc.), Separation Agreement (Nevro Corp), Separation Agreement (Synlogic, Inc.)

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Sole Separation Benefit. Executive agrees that the payments provided by this Section 3 4 are not required under the Company’s normal policies and procedures and are provided as a severance solely in connection with this Agreement. Executive acknowledges and agrees that the payments referenced in this Section 3 4 constitute adequate and valuable consideration, in and of themselves, for the promises contained in this Agreement.

Appears in 7 contracts

Samples: Transition and Separation Agreement (Nevro Corp), Separation Agreement (Aimmune Therapeutics, Inc.), Transition and Separation Agreement (Aimmune Therapeutics, Inc.)

Sole Separation Benefit. Executive agrees that the payments provided by this Section 3 4 are not required under the Company’s normal policies and procedures and are provided as a severance solely in connection with this AgreementAgreement and the Release of Claims. Executive acknowledges and agrees that the payments referenced in this Section 3 4 constitute adequate and valuable consideration, in and of themselves, for the promises contained in this AgreementAgreement and the Release of Claims.

Appears in 3 contracts

Samples: Transition and Separation Agreement (Mirna Therapeutics, Inc.), Transition and Separation Agreement (Codexis Inc), Transition and Separation Agreement (Thoratec Corp)

Sole Separation Benefit. Executive agrees that the payments provided by this Section 3 5 are not required under the Company’s normal policies and procedures and are provided as a severance solely in connection with this Agreement. Executive acknowledges and agrees that the payments referenced in this Section 3 5 constitute adequate and valuable consideration, in and of themselves, for the promises contained in this Agreement.

Appears in 3 contracts

Samples: Transition and Separation Agreement (IDEAYA Biosciences, Inc.), Transition and Separation Agreement (Gritstone Oncology, Inc.), Transition and Separation Agreement (Aimmune Therapeutics, Inc.)

Sole Separation Benefit. Executive agrees that the payments benefits provided by this Section 3 are not required under the Company’s normal policies and procedures and are provided as a severance solely in connection with this Agreement. Executive acknowledges and agrees that the payments benefits referenced in this Section 3 constitute adequate and valuable consideration, in and of themselves, for the promises contained in this Agreement.

Appears in 2 contracts

Samples: Separation Agreement (Codexis Inc), Separation Agreement (Codexis Inc)

Sole Separation Benefit. Executive agrees that the payments and benefits provided by this Section 3 are not required under the Company’s normal policies and procedures and are provided as a severance solely in connection with this Agreement. Executive acknowledges and agrees that the payments and benefits referenced in this Section 3 constitute adequate and valuable consideration, in and of themselves, for the promises contained in this Agreement.

Appears in 2 contracts

Samples: Separation Agreement (Unity Biotechnology, Inc.), Separation Agreement (Corcept Therapeutics Inc)

Sole Separation Benefit. Executive agrees that the payments provided by this Section 3 are not required under the Company’s normal policies and procedures and are provided as a severance solely in connection with this Agreement. Executive acknowledges and agrees that the payments referenced in this Section 3 constitute adequate and valuable consideration, in and of themselves, for the promises contained in this Agreement. Executive acknowledges that the payment and arrangements herein shall constitute full and complete satisfaction of any and all amounts properly due and owing to him as a result of his employment with the Company and the termination thereof, including, without limitation, under the Employment Agreement.

Appears in 1 contract

Samples: Separation Agreement (Intermolecular Inc)

Sole Separation Benefit. Executive agrees that the payments provided by Section 2 hereof and this Section 3 4 are not required under the Company’s normal policies and procedures and are provided as a severance solely in connection with this Agreement. Executive acknowledges and agrees that the payments referenced in Section 2 hereof and this Section 3 4 constitute adequate and valuable consideration, in and of themselves, for the promises contained in this Agreement.

Appears in 1 contract

Samples: Transition and Separation Agreement (diaDexus, Inc.)

Sole Separation Benefit. Executive agrees that the payments payment provided by this Section 3 are is not required under the Company’s normal policies and procedures and are is provided as a severance solely in connection with this Agreement. Executive acknowledges and agrees that the payments payment referenced in this Section 3 constitute constitutes adequate and valuable consideration, in and of themselvesitself, for the promises contained in this AgreementAgreement and the Release of Claims.

Appears in 1 contract

Samples: Transition and Separation Agreement (10x Genomics, Inc.)

Sole Separation Benefit. Executive agrees that the payments payment provided by this Section 3 are 5 is not required under the Company’s normal policies and procedures and are provided as a severance solely in connection with this Agreement. Executive acknowledges and agrees that the payments payment referenced in this Section 3 constitute 4 constitutes adequate and valuable consideration, in and of themselvesitself, for the promises contained in this AgreementAgreement and the Release of Claims.

Appears in 1 contract

Samples: Transition and Separation Agreement (Berkeley Lights, Inc.)

Sole Separation Benefit. Executive agrees that the payments provided by this Section 3 Sections 4(a), (b) and (c) are not required under the Company’s normal policies and procedures and are provided as a severance solely in connection with this Agreement. Executive acknowledges and agrees that the payments referenced in this Section 3 Sections 4(a), (b) and (c) constitute adequate and valuable consideration, in and of themselves, for the promises contained in this Agreement.

Appears in 1 contract

Samples: Separation Agreement (Nevro Corp)

Sole Separation Benefit. Executive agrees that the payments provided by this Section 3 are not required under the Company’s 's normal policies and procedures and are provided as a severance solely in connection with this Agreement. Executive acknowledges and agrees that the payments referenced in this Section 3 constitute adequate and valuable consideration, in and of themselves, for the promises contained in this Agreement.

Appears in 1 contract

Samples: Separation Agreement (Amneal Pharmaceuticals, Inc.)

Sole Separation Benefit. Executive agrees that the payments payment and benefits provided by this Section 3 and Section 4 below are not required under the Company’s normal policies and procedures and are provided as a severance payment and benefits solely in connection with this Agreement. Executive acknowledges and agrees that the payments and benefits referenced in this Section 3 and Section 4 below constitute adequate and valuable consideration, in and of themselves, for the promises contained in this AgreementAgreement and the General Release.

Appears in 1 contract

Samples: Transition and Separation Agreement (Codexis Inc)

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Sole Separation Benefit. Executive agrees that the payments provided by this Section 3 4 and the continued vesting opportunity referenced in Section 2 are not required under the Company’s normal policies and procedures and are provided as a severance solely in connection with this Agreement. Executive acknowledges and agrees that the payments referenced in this Section 3 4 constitute adequate and valuable consideration, in and of themselves, for the promises contained in this Agreement.

Appears in 1 contract

Samples: Transition and Separation Agreement (Nevro Corp)

Sole Separation Benefit. Executive agrees that the payments provided by this Section 3 are not required under the Company’s normal policies and procedures and are provided as a severance solely in connection with this Agreement. Executive acknowledges and agrees that the payments referenced in this Section 3 constitute adequate and valuable consideration, in and of themselves, for the promises contained in this Agreement.

Appears in 1 contract

Samples: Separation Agreement (Amneal Pharmaceuticals, Inc.)

Sole Separation Benefit. Executive agrees that the payments provided by this Section 3 are not required under the Company’s normal policies and procedures and are provided as a severance solely in connection with this Agreement. Executive acknowledges and agrees that the payments referenced in this Section 3 constitute adequate and valuable consideration, in and of themselves, for the promises contained in this Agreement.

Appears in 1 contract

Samples: Transition and Separation Agreement (American Airlines Inc)

Sole Separation Benefit. Executive agrees that the payments provided by this Section 3 5 are not required under the Company’s normal policies and procedures and are provided as a severance solely in connection with this Agreement. Executive acknowledges and agrees that the payments referenced in this Section 3 5 constitute adequate and valuable consideration, in and of themselves, consideration for the promises contained in this AgreementAgreement and the Release of Claims.

Appears in 1 contract

Samples: Transition and Separation Agreement (Alkami Technology, Inc.)

Sole Separation Benefit. Executive agrees that the payments provided by this Section 3 are not required under the Company’s normal policies and procedures and are provided as a severance solely in connection with this Agreement. Executive acknowledges and agrees that the payments referenced in this Section 3 constitute adequate and valuable consideration, in and of themselves, for the promises contained in this Agreement.. SV\1416236.2

Appears in 1 contract

Samples: Separation Agreement (Intermolecular Inc)

Sole Separation Benefit. With the exception of the expense reimbursement pursuant to Section 4(h), Executive agrees that the payments provided by this Section 3 4 are not required under the Company’s normal policies and procedures and are provided as a severance solely in connection with this Agreement. Executive acknowledges and agrees that the payments referenced in this Section 3 4 constitute adequate and valuable consideration, in and of themselves, for the promises contained in this Agreement.

Appears in 1 contract

Samples: Transition and Separation Agreement (Geron Corp)

Sole Separation Benefit. Executive agrees that the payments provided by this Section 3 are not required under the Company’s normal policies and procedures and are provided as a severance payment solely in connection with this Agreement. Executive acknowledges and agrees that the payments referenced in this Section 3 constitute adequate and valuable consideration, in and of themselves, for the promises contained in this Agreement.

Appears in 1 contract

Samples: Separation Agreement (Codexis Inc)

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