Common use of Termination Without Cause or Constructive Termination Clause in Contracts

Termination Without Cause or Constructive Termination. If your employment is terminated involuntarily without Cause (as defined in Section 3(a), below) or in the event of your “Constructive Termination” (as defined in Section 3(c) below) and you are subject to a “Separation” under Section 409A (as defined in Section 4 below): (A) you will receive payment for any earned and unpaid salary as of the date of your termination of employment; and, (B) in the event you execute and do not revoke the general release of claims (“Release”), in the form attached hereto as Attachment B, you will be offered the Separation Compensation (as defined in Section 2, below). Subject to the terms of Section 7 below, You will not be entitled to or offered any form of additional severance pay or benefits other than the Separation Compensation (e.g., you will not be entitled to pay or benefits under any employee severance plan that is generally applicable to employees).

Appears in 10 contracts

Samples: Employment Agreement (Alumis Inc.), Employment Agreement (Alumis Inc.), Employment Agreement (Alumis Inc.)

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Termination Without Cause or Constructive Termination. If your employment is terminated involuntarily without Cause (as defined in Section 3(a), below) or in the event of your “Constructive Termination” (as defined in Section 3(c) below) and you are subject to a “Separation” under Section 409A (as defined in Section 4 below): (A) you will receive payment for any earned and unpaid salary as of the date of your termination of employment; and, (B) in the event you execute and do not revoke the a general release of claims (“Release”), in the form attached hereto as Attachment B, you will be offered the Separation Compensation (as defined in Section 2, below). Subject to the terms of Section 7 below, You will not be entitled to or offered any form of additional severance pay or benefits other than the Separation Compensation (e.g., you will not be entitled to the Separation Compensation, or any other form of severance pay or benefits under any employee severance plan that is generally applicable to employeesbenefits).

Appears in 2 contracts

Samples: Employment Agreement (Alumis Inc.), Employment Agreement (Alumis Inc.)

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Termination Without Cause or Constructive Termination. If your employment is terminated involuntarily without Cause (as defined in Section 3(a)3.a, below) or in the event of your “Constructive Termination” (as defined in Section 3(c) 3.c below) and you are subject to a “Separation” under Section 409A (as defined in Section 4 below): (A) you will receive payment for any earned and unpaid salary as of the date of your termination of employment; and, (B) in the event you execute and do not revoke the general release of claims (“Release”), in the form attached hereto as Attachment B, you will be offered the Separation Compensation (as defined in Section 2, below). Subject to the terms of Section 7 below, You will not be entitled to or offered any form of additional severance pay or benefits other than the Separation Compensation (e.g., you will not be entitled to pay or benefits under any employee severance plan that is generally applicable to employees).

Appears in 2 contracts

Samples: Offer Letter (Alumis Inc.), Offer Letter (Alumis Inc.)

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