Transition Period and Separation Date. (a) Effective as of July 22, 2019 (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, 2019. The period beginning on the Transition Date and concluding on the Separation Date is referred to herein as the “Transition Period”.
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...
Transition Period and Separation Date. (a) Effective as of April 16, 2024 (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 as an advisor to the Executive Chairman of the Company. Provided that you comply with your obligations under this Agreement, the Separation Date was May 9, 2024. The period beginning on the Transition Date and concluding on the Separation Date is hereinafter referred to as the mutually agreed upon “Transition Period”, and as such the transition will not constitute “Good Reason” for purposes of the Second Amended and Restated Executive Employment Agreement between you and the Company, dated December 3, 2023 (the “Employment Agreement”).
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) Effective as of May 15, 2019 (the “Transition Date”) your role as President and Chief Executive Officer of the Company terminated, provided that you will remain employed by the Company as a senior 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 July 12, 2019. The period beginning on the Transition Date and concluding on the Separation Date is hereinafter referred to as the “Transition Period”. The Company may terminate your employment at any time before and during the Transition Period upon notice to you.
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. (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. (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) Your employment with the Company shall terminate effective December 31, 2019, or a sooner date if agreed upon by the Parties in writing (the “Separation Date”).
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.
