Termination by the Company Without Cause or by the Executive with Good Reason. During the Term, if the Executive’s employment is terminated by the Company without Cause as provided in Section 3(d), or the Executive terminates his employment for Good Reason as provided in Section 3(e), then the Company shall pay the Executive his Accrued Benefit. In addition, subject to (i) the Executive signing a separation agreement in a form and manner satisfactory to the Company, which shall contain, among other provisions, a general release of claims in favor of the Company and related persons and entities, confidentiality, return of property and non-disparagement and a reaffirmation of all of the Executive’s Continuing Obligations (as defined below) (the “Separation Agreement and Release”) and (ii) the Separation Agreement and Release becoming fully irrevocable, all within 60 days after the Date of Termination (or such shorter period as set forth in the Separation Agreement and Release), which shall include a seven (7) business day revocation period:
Appears in 11 contracts
Samples: Employment Agreement (Karuna Therapeutics, Inc.), Employment Agreement (Karuna Therapeutics, Inc.), Employment Agreement (Karuna Therapeutics, Inc.)
Termination by the Company Without Cause or by the Executive with Good Reason. During the Term, if the Executive’s employment is terminated by the Company without Cause as provided in Section 3(d), or the Executive terminates his employment for Good Reason as provided in Section 3(e), then the Company shall pay the Executive his Accrued Benefit. In addition, subject to (i) the Executive signing a separation agreement in a form and manner satisfactory to the Company, which shall containCompany containing, among other provisions, a general release of claims in favor of the Company and related persons and entities, confidentiality, return of property and property, non-disparagement and disparagement, a reaffirmation of all of the Executive’s Continuing Obligations (as defined below) ), and, in the Company’s sole discretion, a one-year post-employment noncompetition provision, (the “Separation Agreement and Release”) and (ii) the Separation Agreement and Release becoming fully irrevocableeffective, all within 60 days after the Date of Termination (or such shorter period as the time frame set forth in the Separation Agreement and Release), which shall include a seven (7) business day revocation period:):
Appears in 4 contracts
Samples: Employment Agreement (2seventy Bio, Inc.), Employment Agreement (2seventy Bio, Inc.), Employment Agreement (2seventy Bio, Inc.)
Termination by the Company Without Cause or by the Executive with Good Reason. During the Term, if the Executive’s employment is terminated by the Company without Cause as provided in Section 3(d), or the Executive terminates his employment for Good Reason as provided in Section 3(e), then the Company shall pay the Executive his Accrued Benefit. In addition, subject to (i) the Executive signing a separation agreement in a form and manner satisfactory to the Company, which shall containCompany containing, among other provisions, a general release of claims in favor of the Company and related persons and entities, confidentiality, return of property and property, non-disparagement and disparagement, a reaffirmation of all of the Executive’s Continuing Obligations (as defined below) ), and, in the Company’s sole discretion, a one-year post-employment noncompetition provision (the “Separation Agreement and Release” or “Release”) and (ii) the Separation Agreement and Release becoming fully irrevocableeffective, all within 60 days after the Date of Termination (or such shorter period as the time frame set forth in the Separation Agreement and Release), which shall include a seven (7) business day revocation period:):
Appears in 2 contracts
Samples: Employment Agreement (2seventy Bio, Inc.), Employment Agreement (2seventy Bio, Inc.)
Termination by the Company Without Cause or by the Executive with Good Reason. During the Term, if If the Executive’s employment is terminated by the Company without Cause as provided in under Section 3(d), or the Executive terminates his employment for Good Reason as provided in under Section 3(e), then then, in addition to the Company shall pay the Executive his Accrued Benefit. In addition, and subject to (i) the Executive signing a separation agreement and release in a form and manner satisfactory to the Company, which shall contain, among other provisions, provide (i) a general release of claims in favor of against the Company and Parent and all related persons and entities, confidentiality, return of property and non-disparagement and (ii) a reaffirmation of all of the Executive’s obligations under Section 7 below (the “Continuing Obligations Obligations”), (as defined belowiii) that if the Executive breaches any of the Continuing Obligations, all payments of the Severance Amount shall immediately cease (the “Separation Agreement and ReleaseAgreement”) ), and (iiiv) for the Separation Agreement and Release becoming fully irrevocable, all within 60 days after the Date of Termination (or such shorter period as set forth in the Separation Agreement and ReleaseAgreement), which shall include a seven (7) business day revocation period, the Company shall pay severance (the “Severance Amount”) to the Executive as follows:
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Termination by the Company Without Cause or by the Executive with Good Reason. During the Term, if the Executive’s employment is terminated by the Company without Cause as provided in Section 3(d), or the Executive terminates his employment for Good Reason as provided in Section 3(e), then the Company shall pay the Executive his Accrued Benefit. In addition, subject to (i) the Executive signing a separation agreement in a form and manner satisfactory to the Company, which shall containCompany containing, among other provisions, a general release of claims in favor of the Company and related persons and entities, confidentiality, return of property and property, non-disparagement and disparagement, a reaffirmation of all of the Executive’s Continuing Obligations (as defined below), and, in the Company’s sole discretion, a one-year post-employment noncompetition provision and a seven (7) business day revocation period (the “Separation Agreement and Release” or “Release”) and (ii) the Separation Agreement and Release becoming fully irrevocableeffective, all within 60 days after the Date of Termination (or such shorter period as the time frame set forth in the Separation Agreement and Release), which shall include a seven (7) business day revocation period:):
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Termination by the Company Without Cause or by the Executive with Good Reason. During the Term, if the Executive’s employment is terminated by the Company without Cause as provided in Section 3(d), or the Executive terminates his employment for Good Reason as provided in Section 3(e), then the Company shall pay the Executive his Accrued Benefit. In addition, subject to (i) the Executive signing a separation agreement in a form and manner satisfactory to the Company, which shall contain, among other provisions, a general release of claims in favor of the Company and related persons and entities, confidentiality, return of property and non-disparagement and a reaffirmation of all of the Executive’s Continuing Obligations (as defined below) ), (the “Separation Agreement and Release”) and (ii) the Separation Agreement and Release becoming fully irrevocable, all within 60 days after the Date of Termination (or such shorter period as set forth in the Separation Agreement and Release), which shall include a seven (7) business day revocation periodperiod :
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Termination by the Company Without Cause or by the Executive with Good Reason. During the Term, if the Executive’s employment is terminated by the Company without Cause as provided in Section 3(d), or the Executive terminates his her employment for Good Reason as provided in Section 3(e), then the Company shall pay the Executive his her Accrued Benefit. In addition, subject to (i) the Executive signing a separation agreement in a form and manner satisfactory to the Company, which shall containCompany containing, among other provisions, a general release of claims in favor of the Company and related persons and entities, confidentiality, return of property and property, non-disparagement and disparagement, a reaffirmation of all of the Executive’s Continuing Obligations (as defined below), and, in the Company’s sole discretion, a one-year post-employment noncompetition provision and a seven (7) business day revocation period (the “Separation Agreement and Release” or “Release”) and (ii) the Separation Agreement and Release becoming fully irrevocableeffective, all within 60 days after the Date of Termination (or such shorter period as the time frame set forth in the Separation Agreement and Release), which shall include a seven (7) business day revocation period:):
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