Eligibility for Severance Benefits Clause Example with 7 Variations from Business Contracts

This page contains Eligibility for Severance Benefits clauses in business contracts and legal agreements. An example clause is provided at the top of the page, followed by clauses with minor variations. You can view the text differences by selecting the "Show Differences" option.
Eligibility for Severance Benefits. The following employees will not be eligible for severance benefits, except to the extent specifically determined otherwise by the Plan Administrator: (a) an employee who is terminated for Cause; (b) an employee who retires, terminates employment as a result of an inability to performs his duties due to physical or mental disability or dies; (c) an employee who voluntarily terminates his employment, except, in the case of a Covered Termination for Good Reason; (d) an employee who is employed for... a specific period of time in accordance with the terms of a written employment agreement; and (e) an employee who promptly becomes employed by another member of the controlled group of entities of which the Company (or its successor in the Change in Control) is a member as defined in Sections 414(b) and (c) of Code. View More Arrow
Found in Editas Medicine, Inc. contract

Variations of a "Eligibility for Severance Benefits" Clause from Business Contracts

Eligibility for Severance Benefits. The following employees will not be eligible for severance benefits, except to the extent specifically determined in good faith otherwise by the Plan Administrator: (a) an employee who is terminated for Cause; Cause or by reason of death or Disability; (b) an employee who retires, terminates employment as a result of an inability to performs his duties due to physical voluntarily retires or mental disability or dies; (c) an employee who otherwise voluntarily terminates his employment, except, or... her employment other than a Resignation for Good Reason at any time the case of a Senior Executive or, on or within twelve months following a Change in Control in the case of a Covered Termination for Good Reason; (d) Employee other than a Senior Executive; and (c) an employee who is employed for a specific period of time in accordance with the terms of a written offer letter or employment agreement; and (e) an employee who promptly becomes employed by another member of the controlled group of entities of which the Company (or its successor in the Change in Control) is a member as defined in Sections 414(b) and (c) of Code. agreement. View More Arrow
Found in Dyne Therapeutics, Inc. contract
Eligibility for Severance Benefits. The following employees will not be eligible for severance benefits, except to the extent specifically determined in good faith otherwise by the Plan Administrator: (a) an employee who is terminated for Cause; Cause or by reason of death or Disability; (b) an employee who retires, terminates employment as a result of an inability to performs his duties due to physical voluntarily retires or mental disability or dies; (c) an employee who otherwise voluntarily terminates his employment, except, or... her employment other than a Resignation for Good Reason at any time the case of an Executive or, on or within twelve months following a Change in Control in the case of a Covered Termination for Good Reason; (d) Employee other than an Executive; and (c) an employee who is employed for a specific period of time in accordance with the terms of a written offer letter or employment agreement; and (e) an employee who promptly becomes employed by another member of the controlled group of entities of which the Company (or its successor in the Change in Control) is a member as defined in Sections 414(b) and (c) of Code. agreement. View More Arrow
Found in Vor Biopharma Inc. contract
Eligibility for Severance Benefits. The following employees will not be eligible for severance benefits, except to the extent specifically determined in good faith otherwise by the Plan Administrator: (a) an employee who is terminated for Cause; Cause or by reason of death or Disability; (b) an employee who retires, terminates employment as a result of an inability to performs his duties due to physical voluntarily retires or mental disability or dies; (c) an employee who otherwise voluntarily terminates his or her employment, exc...ept, in the case of a Covered Termination Change in Control Termination, for Good Reason; (d) and (c) an employee who is employed for a specific period of time in accordance with the terms of a written offer letter or employment agreement; and (e) an employee who promptly becomes employed by another member of the controlled group of entities of which the Company (or its successor in the Change in Control) is a member as defined in Sections 414(b) and (c) of Code. agreement. View More Arrow
Found in Schrodinger, Inc. contract
Eligibility for Severance Benefits. To receive severance benefits under the Plan, a covered employee must be specifically identified by the Company as eligible to receive severance benefits. The following covered employees will generally not be eligible for severance benefits, except to the extent specifically determined otherwise by the Plan Administrator: (a) benefits: (1) an employee who is terminated for Cause; (b) (2) an employee who retires, terminates employment as a result of an inability to performs perform his duties due... to physical or mental disability or dies; (c) (3) an employee who voluntarily terminates his employment, except, in the case of except a Covered Termination termination for Good Reason; (d) Reason as specified above by an Officer; (4) an employee who is employed for a specific period of time in accordance with the terms of a written employment agreement; and (e) (5) an employee who promptly becomes employed by another member of the controlled group of entities of which the Company Constellation (or its successor in the Change in Control) is a member as defined in Sections 414(b) and (c) of Code. the Internal Revenue Code of 1986, as amended ("Code"); and (6) an employee who loses employment in connection with a Change in Control event, outsourcing arrangement or other corporate transaction and who accepts employment with an acquirer of any of the businesses, operations or assets of the Company or refuses an offer of such employment in a position providing comparable responsibilities and compensation. View More Arrow
Found in CONSTELLATION PHARMACEUTICALS INC contract
Eligibility for Severance Benefits. The following employees will not be eligible for severance benefits, except to the extent specifically determined in good faith otherwise by the Plan Administrator: (a) an employee who is terminated for Cause; (b) an employee who retires, terminates employment as a result of an inability to performs his duties due to physical voluntarily retires or mental disability or dies; (c) an employee who otherwise voluntarily terminates his employment, except, in the case of a Covered Termination Change i...n Control Termination, for Good Reason; (d) and (c) an employee who is employed for a specific period of time in accordance with the terms of a written offer letter or employment agreement; and (e) an employee who promptly becomes employed by another member of the controlled group of entities of which the Company (or its successor in the Change in Control) is a member as defined in Sections 414(b) and (c) of Code. agreement. View More Arrow
Found in Acacia Communications, Inc. contract
Eligibility for Severance Benefits. The following employees will not be eligible for severance benefits, except to the extent specifically determined otherwise by the Plan Administrator: (a) an employee who is terminated for Cause; (b) an employee who retires, terminates employment as a result of an inability to performs perform his or her duties due to physical or mental disability or dies; (c) an employee who voluntarily terminates his or her employment, except, in the case of a Covered Termination described in Section 3(n)(ii) ...or (iii) hereof, a resignation for Good Reason; and (d) an employee who is employed for a specific period of time in accordance with the terms of a written employment agreement; and (e) an employee who promptly becomes employed by another member of the controlled group of entities of which the Company (or its successor in the Change in Control) is a member as defined in Sections 414(b) and (c) of Code. agreement. View More Arrow
Found in Blue Apron Holdings, Inc. contract
Eligibility for Severance Benefits. The following employees will not be eligible for severance benefits, separation benefits under the Plan, except to the extent specifically determined otherwise by the Plan Administrator: (a) an employee who is terminated for Cause; (b) an employee who retires, terminates employment as a result of an inability to performs his duties due to physical or mental disability or dies; (c) an employee who voluntarily terminates his employment, except, in the case of a Covered Termination other than for G...ood Reason; Reason upon a Change in Control or during the twelve (12) month period following a Change in Control; (d) an employee who is employed for a specific period of time in accordance with the terms of a written employment agreement; (e) an employee who has been employed for less than three (3) months if no Change in Control has occurred prior to the termination of the employee's employment; and (e) (f) an employee who promptly becomes employed by another member of the controlled group of entities of which the Company (or its successor in the Change in Control) is a member as defined in Sections 414(b) and (c) of Code. View More Arrow
Found in Apellis Pharmaceuticals, Inc. contract