Common use of Sole Separation Benefit Clause in Contracts

Sole Separation Benefit. Executive agrees that the benefits provided by this Section 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 benefits referenced in this Section 4 constitute adequate and valuable consideration, in and of themselves, for the promises contained in this Agreement.

Appears in 2 contracts

Samples: Transition and Separation Agreement (Codexis, Inc.), Separation Agreement (Sienna Biopharmaceuticals, Inc.)

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

Appears in 2 contracts

Samples: Separation Agreement (Neumora Therapeutics, Inc.), Separation Agreement (Neumora Therapeutics, Inc.)

Sole Separation Benefit. Executive agrees that the payment and benefits provided by this Section 4 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 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 (Codexis Inc)

Sole Separation Benefit. Executive agrees that the benefits provided by in this Section 4 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 benefits referenced in this Section 4 3 constitute adequate and valuable consideration, in and of themselves, for the promises contained in this Agreement. 4.

Appears in 1 contract

Samples: 3 Executive Transition Agreement (Ouster, Inc.)

Sole Separation Benefit. Executive agrees that the payments and benefits provided by this Section 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 and benefits referenced in this Section 4 constitute adequate and valuable consideration, in and of themselves, for the promises contained in this AgreementAgreement and the Release of Claims.

Appears in 1 contract

Samples: Transition and Separation Agreement (Raptor Pharmaceutical Corp)

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Sole Separation Benefit. Executive agrees that the payment and benefits provided by this Section 4 are not required under the Company’s '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 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 (Codexis Inc)

Sole Separation Benefit. Executive agrees that the payments and equity acceleration benefits provided by this Section 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 benefits payments referenced in this Section 4 constitute adequate and valuable consideration, in and of themselves, for the promises contained in this AgreementAgreement and the Release of Claims.

Appears in 1 contract

Samples: Transition and Separation Agreement (Thoratec Corp)

Sole Separation Benefit. Executive agrees that the payments and benefits provided by this Section 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/or Executive’s pre-existing employment agreement. Executive acknowledges and agrees that the benefits payments referenced in this Section 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)

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