Common use of Sole Separation Benefit Clause in Contracts

Sole Separation Benefit. Employee 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. Employee 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. Employee acknowledges and agrees that the Separation Benefit is not intended to and does not constitute a severance plan or confer a benefit on anyone other than the parties.

Appears in 3 contracts

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

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Sole Separation Benefit. Employee agrees that the payments provided by this Section 3 are not required under the Company’s normal policies and procedures, procedures and are provided as a severance solely in connection with this Agreement. Employee 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. Employee acknowledges and agrees that the Separation Benefit is not intended to and does not constitute a severance plan or confer a benefit on anyone other than the parties.

Appears in 2 contracts

Samples: Separation Agreement (OvaScience, Inc.), Separation Agreement (OvaScience, Inc.)

Sole Separation Benefit. Employee agrees that the payments provided by this Section 3 are not required under the Company’s normal policies and procedures, procedures and are provided as a severance solely in connection with this Agreement. Employee 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. Employee acknowledges and agrees that the Separation Benefit is not intended to and does not constitute a severance plan or confer a benefit on anyone other than the parties.

Appears in 2 contracts

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

Sole Separation Benefit. Employee 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. Employee 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. Employee acknowledges and agrees that the Separation Benefit is not intended to and does not constitute a severance plan or confer a benefit on anyone other than the parties.

Appears in 1 contract

Samples: Separation Agreement (OvaScience, Inc.)

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Sole Separation Benefit. Employee agrees that the payments payment provided by this Section 3 are is not required under the Company’s normal policies and procedures, procedures and are provided as a severance solely in connection with this Agreement. Employee 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 Agreement. Employee acknowledges Agreement and agrees that the Separation Benefit is not intended to and does not constitute a severance plan or confer a benefit on anyone other than the partiesRelease of Claims.

Appears in 1 contract

Samples: Transition and Separation Agreement (Corsair Gaming, Inc.)

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