Transition Period and Separation Date a)Effective as of August 4, 2021 (the “Transition Date”) through the date that your employment terminates (the “Separation Date”), you will continue to be employed by the Company on a full-time basis. Provided that you comply in full with your obligations hereunder, it is expected that the Separation Date will be August 13, 2021. The period beginning on the Transition Date and concluding on the Separation Date is hereinafter referred to as the “Transition Period”.
Transition Period and Separation Date. (a) Subject to earlier termination as provided under your Employment Agreement, your employment with the Company will end on March 29, 2024 (the “Employment End Date”). From the date hereof until the Employment End Date, you will continue to perform your current duties as Chief Financial Officer of the Company and will perform such other duties as may be reasonably assigned to you from time to time by the Chief Executive Officer of the Company (the “CEO”) or other duly authorized executive consistent with your position as Chief Financial Officer and will at all times continue to devote your best efforts to the Company and comply with the terms of the Employment Agreement and the Company’s policies as in effect from time to time (the “CFO Duties”); it being understood that the CFO Duties include providing services only to the Company and you agree not to commence employment with, or provide any services to or on behalf of, any other company, with or without compensation and whether as an employee, consultant, or otherwise, prior to the Employment End Date. On the Employment End Date, your employment will terminate and you will resign from any and all: (i) officer positions you hold with the Company or any of its subsidiaries or affiliates, including as Chief Financial Officer of the Company, and (ii) memberships you hold on any boards of directors, boards of managers or other governing boards or bodies of the Company or any of its subsidiaries or affiliates, if any. Effective immediately following the Employment End Date, you will commence a consulting relationship with the Company. From the Employment End Date through the date that your consulting period terminates (the “Separation Date”), you will provide consulting services to the Company as set forth in this Agreement. Provided that you comply in full with your obligations hereunder, it is expected that your Separation Date will be September 30, 2024 (and the Separation Date shall not be extended beyond such date without your express written consent). The period beginning on the Employment End Date and concluding on the Separation Date is hereinafter referred to as the “Transition Period.” In the event that your employment is terminated prior to March 29, 2024, pursuant to the Employment Agreement, the date of actual termination will be the Employment End Date. If the termination is by the Company without Cause (as defined in the Employment Agreement), the terms of this Agreement, including your right t...
Transition Period and Separation Date. For purposes of this Agreement, the earlier of December 31, 2017 or the date on which your employment actually terminates, if sooner, with the Company shall be referred to herein as the "Separation Date." Until the Separation Date, you will continue to be employed by the Company, as President, on a full-time basis. The period beginning November 13, 2017 and concluding on the Separation Date will be referred to as the "Transition Period." During the Transition Period, you will be employed as an at-will employee. The terms of the Employment Agreement between you and the Company, effective as of April 7, 2009 and amended as of March 27, 2012 (the "Employment Agreement") are hereby superseded by this Agreement, provided, however, that the provisions of the Employment Agreement that survive the termination of your employment will continue to apply to you, as set forth in Section 6 below.
Transition Period and Separation Date. You will remain employed with your current title during a transition period continuing through the Separation Date (“Transition Period”).
Transition Period and Separation Date. (a) Effective as of August 5, 2019 (the “Transition Date”) your role as Senior Vice President and General Manager, Networks, of the Company terminated, provided that you will remain employed by the Company as an advisor to provide certain transition services to the Company through the date that your employment terminates (the “Separation Date”). Provided that you comply in full with your obligations hereunder, it is expected that the Separation Date will be November 3, 2019. The period beginning on the Transition Date and concluding on the Separation Date is hereinafter referred to as the “Transition Period”.
Transition Period and Separation Date. (a) In order to ensure an orderly transition, Executive agrees to remain employed in his current position during the Company’s search for a new Chief Executive Officer (“New CEO”) and for a minimum of ninety (90) days and, at the election of the Company, a maximum of one-hundred eighty (180) days after the New CEO Start Date (as defined in Section 1(b) below). The period between the Effective Date and the end of such 90-180 day period (the “Scheduled Transition Date”) is referred to in this Agreement as the “Transition Period.” Subject to Section 1(b) below, Executive’s last day of employment shall be the Scheduled Transition Date. Executive shall continue to be employed and have the powers, duties and responsibilities customarily associated with his current position as Chief Executive Officer from the Effective Date until the New CEO Start Date, unless modified by the Board. Executive shall perform such transition duties as may be reasonably requested by and at the direction of the Company’s Board and/or new CEO during the Transition Period.
Transition Period and Separation Date. (a) Effective as of November 13, 2023 (the “Transition Date”) through the date that your employment terminates (the “Separation Date”), you will continue to be employed by the Company. Provided that you comply in full with your obligations hereunder, it is expected that the Separation Date will be December 29, 2023. The period beginning on the Transition Date and concluding on the Separation Date is hereinafter referred to as the “Transition Period”. It is understood and agreed that the transition contemplated in this Agreement will not constitute “Good Reason” for purposes of the Severance Plan.
Transition Period and Separation Date. Effective March 24, 2014 (the “Transition Date”) and ending June 20, 2014 (the “Separation Date”), you agree that your title will be Corporate Strategy Executive Advisor and that you shall cooperate fully with the CEO and the EVP Product Strategy to effect a smooth transition of your duties and responsibilities.
Transition Period and Separation Date. (a) From the date that you execute this Agreement (the “Transition Date”) through the date that your employment terminates (the “Separation Date”), you will continue to be employed by the Company on a full-time, at-will basis, and your employment will be subject to the terms and conditions of the Employment Agreement (except as stated otherwise herein). Provided that you do not resign, and that you comply in full with your obligations hereunder, it is expected that the Separation Date (the “Expected Separation Date”) will be the first regular work day that is one week after the later of (i) the date on which the Company publicly announces top line data from the phase 3 clinical study with luspatercept known as the “MEDALIST” Study, or (ii) the date on which the Company publicly announces top line data from the phase 3 clinical study with luspatercept known as the “BELIEVE” Study. The period beginning on the Transition Date and concluding on the Separation Date is hereinafter referred to as the “Transition Period”. Notwithstanding the foregoing, the parties intend that you experience a separation from service, for purposes of Section 409A (as defined below), no later than the end of calendar year 2018.
Transition Period and Separation Date. The effective date of your separation from the Company will be June 6, 2014, except as provided below (the last date of employment being the “Separation Date”). The period between the date of this letter and the Separation Date will be a transition period (the “Transition Period”), during which you will use reasonable efforts to (a) continue to perform duties and responsibilities as directed by the Chief Executive Officer, (b) transition your job duties to the new Chief Financial Officer as he may request, and (c) perform such tasks as may be directed by the Company’s Chief Executive Officer (collectively, the “Transition Duties”). Notwithstanding the foregoing, the Company retains the right to immediately terminate your employment with or without “Cause” (as defined below) prior to June 6, 2014. If the Company terminates your employment without Cause prior to June 6, 2014, you will not receive any further salary payments, benefits, vesting, or compensation following your termination of employment, but you will remain eligible to receive the severance benefits described in paragraph 2 below following your execution and non-revocation of the Final Release, together with additional severance equivalent to the salary you would have received for the period between your accelerated Separation Date and June 6, 2014 (payable through additional installments at the end of the original six months) and an additional amount under clause (ii) of paragraph 2 measured by the additional months of COBRA coverage (if any) between the Separation Date and June 6, 2014. If the Company terminates your employment for Cause prior to June 6, 2014, you will not receive any further salary payments, benefits, vesting, or other compensation from the Company following your termination of employment, nor will you be eligible to receive any severance benefits. For purposes hereof, Cause shall mean any of the following: your (i) fraud with respect to the Company; (ii) material misrepresentation to any regulatory agency, governmental authority, outside or internal auditors, internal or external Company counsel, or the Company’s Board concerning the operation or financial status of the Company; (iii) theft or embezzlement of assets of the Company; (iv) your conviction, or plea of guilty or nolo contendere to any felony (or to a felony charge reduced to a misdemeanor), or, with respect to your employment, to any misdemeanor (other than a traffic violation); (v) material failure to follow the...
