Common use of Sole Separation Benefit Clause in Contracts

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

Appears in 1 contract

Samples: Transition and Separation Agreement (Raptor Pharmaceutical Corp)

AutoNDA by SimpleDocs

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

Appears in 1 contract

Samples: Transition and Separation Agreement (Berkeley Lights, 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 5 4 are not required under the Company’s normal policies and procedures and are provided as a severance solely in connection with this Agreement and the Release of ClaimsAgreement. Executive acknowledges and agrees that the payments referenced in this Section 5 4 constitute adequate and valuable consideration, in and of themselves, for the promises contained in this Agreement and the Release of ClaimsAgreement.

Appears in 1 contract

Samples: Transition and Separation Agreement (Geron Corp)

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

Appears in 1 contract

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

AutoNDA by SimpleDocs

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

Appears in 1 contract

Samples: Transition and Separation Agreement (Unity Biotechnology, Inc.)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!