Common use of Standard Severance Clause in Contracts

Standard Severance. In the event that Executive’s employment is involuntarily terminated by action of the Company other than for Cause, Executive shall receive the following (subject to Executive’s execution of a release of claims as described in Section 7):

Appears in 4 contracts

Samples: Severance and Change in Control Agreement (Altus Pharmaceuticals Inc.), Severance and Change in Control Agreement (Altus Pharmaceuticals Inc.), Severance and Change in Control Agreement (Altus Pharmaceuticals Inc.)

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Standard Severance. In the event that Executive’s employment is either (i) involuntarily terminated by action of the Company other than for CauseCause or (ii) Executive terminates Executive’s employment voluntarily for Good Reason, Executive shall receive the following (subject to Executive’s execution of a release of claims as described in Section 7):

Appears in 1 contract

Samples: Severance and Change in Control Agreement (Altus Pharmaceuticals Inc.)

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