Common use of Termination by the Company Without Cause or by the Employee for Good Reason Clause in Contracts

Termination by the Company Without Cause or by the Employee for Good Reason. If the Employee’s employment is terminated by the Company without Cause as provided in Section 3(d), or the Employee terminates his employment for Good Reason as provided in Section 3(e), then the Company shall pay the Employee his Accrued Benefit. In addition, subject to the Employee signing a customary separation agreement containing, among other provisions, a general release of claims in favor of the Company, its subsidiaries and affiliates, confidentiality, return of property and non-disparagement, in a form and substance mutually satisfactory to the Company and the Employee (the “Separation Agreement and Release”) and the Separation Agreement and Release becoming irrevocable and fully effective, all within 60 days after the Date of Termination (or such shorter time period provided in the Separation Agreement and Release):

Appears in 7 contracts

Samples: Employment Agreement (SpringWorks Therapeutics, Inc.), Employment Agreement (SpringWorks Therapeutics, Inc.), Employment Agreement (SpringWorks Therapeutics, Inc.)

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Termination by the Company Without Cause or by the Employee for Good Reason. If During the Term, if the Employee’s employment is terminated by the Company without Cause as provided in Section 3(d3(c), or the Employee terminates his the Employee’s employment for Good Reason as provided in Section 3(e3(d), then the Company shall pay the Employee his the Employee’s Accrued Benefit. In addition, subject to the Employee signing a customary separation agreement containing, among other provisions, a general release of claims in favor of the Company, its subsidiaries Company and affiliatesrelated persons and entities, confidentiality, return of property and property, non-disparagementdisparagement and, in the Company’s sole discretion, a one-year post employment noncompetition agreement, in a form and substance mutually manner satisfactory to the Company and the Employee (the “Separation Agreement and Release”) and the Separation Agreement and Release becoming irrevocable and fully effective, all within 60 days after the Date of Termination (or such shorter time period provided in the Separation Agreement and Release):), which shall include a seven business day revocation period:

Appears in 1 contract

Samples: Employment Agreement (Scholar Rock Holding Corp)

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Termination by the Company Without Cause or by the Employee for Good Reason. If the Employee’s employment is terminated by the Company without Cause as provided in Section 3(d), or the Employee terminates his her employment for Good Reason as provided in Section 3(e), then the Company shall pay the Employee his her Accrued Benefit. In addition, subject to the Employee signing a customary separation agreement containing, among other provisions, a general release of claims in favor of the Company, its subsidiaries and affiliates, confidentiality, return of property and non-disparagement, in a form and substance mutually satisfactory to the Company and the Employee (the “Separation Agreement and Release”) and the Separation Agreement and Release becoming irrevocable and fully effective, all within 60 days after the Date of Termination (or such shorter time period provided in the Separation Agreement and Release):

Appears in 1 contract

Samples: Employment Agreement (SpringWorks Therapeutics, Inc.)

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