Purpose Clause Example from Business Contracts

This example Purpose clause appears in 7 contracts from 1 company

Purpose. The Company considers it essential to the best interests of its stockholders to promote and preserve the continuous employment of key management personnel. The Board of Directors of the Company (the "Board") recognizes that, as is the case with many corporations, the possibility of a Change in Control (as defined in Section 2 hereof) exists and that such possibility, and the uncertainty and questions that it may raise among management, may result in the departure or distraction of key management... personnel to the detriment of the Company and its stockholders. Therefore, the Board has determined that appropriate steps should be taken to reinforce and encourage the continued attention and dedication of members of the Company's key management, including the Executive, to their assigned duties without distraction, including in the face of potentially disturbing circumstances arising from the possibility of a Change in Control. Nothing in this Agreement shall be construed to affect the at-will nature of the employment relationship, the Executive shall not have any right to be retained in the employ of the Company. View More Arrow
Found in Sage Therapeutics, Inc. contract
Sage Therapeutics, Inc. Contracts

Severance and Change in Control Agreement between the Registrant and Christopher Benecchi, dated September 13, 2021 (Filed With SEC on November 2, 2021)

SEVERANCE AND CHANGE IN CONTROL AGREEMENT (Filed With SEC on July 8, 2014)

SEVERANCE AND CHANGE IN CONTROL AGREEMENT (Filed With SEC on March 6, 2015)

SEVERANCE AND CHANGE IN CONTROL AGREEMENT (Filed With SEC on March 6, 2015)

SEVERANCE AND CHANGE IN CONTROL AGREEMENT (Filed With SEC on March 6, 2015)

SEVERANCE AND CHANGE IN CONTROL AGREEMENT (Filed With SEC on March 6, 2015)

SEVERANCE AND CHANGE IN CONTROL AGREEMENT (Filed With SEC on March 6, 2015)