Purpose Clause Example with 8 Variations from Business Contracts

This page contains Purpose 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.
Purpose. The purpose of the Plan is to establish the conditions under which Covered Employees will receive the severance benefits described herein if employment with the Company (or its successor in a Change in Control (as defined below)) terminates under the circumstances specified herein. The severance benefits paid under the Plan are intended to assist employees in making a transition to new employment and are not intended to be a reward for prior service with the Company.
Found in Editas Medicine, Inc. contract

Variations of a "Purpose" Clause from Business Contracts

Purpose. The purpose of the Plan is to establish the conditions under which Covered Employees will receive the severance separation benefits described herein if employment with the Company or the Applicable Subsidiary (or its their successor in a Change in Control Sale Event (as defined below)) terminates under the circumstances specified herein. The severance separation benefits paid under the Plan are intended to assist employees in making a transition to new employment and are not intended to be a rew...ard for prior service with the Company. Company or the Applicable Subsidiary. View More
Found in Galecto Inc. contract
Purpose. The purpose of the Plan is to establish the conditions under which Covered Employees covered employees (defined below) will receive the severance benefits described herein if employment with the Company (or its successor in a Change in Control (as defined below)) terminates under Control) is terminated other than for "Cause" during the circumstances specified herein. Protected Period. The severance benefits paid under the Plan are intended to assist employees in making a transition to new employ...ment and are not intended to be a reward for prior service with the Company. View More
Found in CONSTELLATION PHARMACEUTICALS INC contract
Purpose. The purpose of the Plan is to establish the conditions under which Covered Employees covered employees (defined below) will receive the severance benefits described herein if employment with the Company (or its successor in a Change in Control (as defined below)) Control) terminates during the Protected Period under the circumstances specified herein. The severance benefits paid under the Plan are intended to assist employees in making a transition to new employment and are not intended to be a ...reward for prior service with the Company. employment. View More
Found in Dare Bioscience, Inc. contract
Purpose. The purpose of the Plan is to establish the conditions under which Covered Employees Executives will receive the severance separation benefits described herein if employment with the Company (or its successor in following a Change in Control (as defined below)) terminates under the circumstances specified herein. The severance separation benefits paid under the Plan are intended to assist employees in making a transition to new employment and are not intended to be a reward for prior service wit...h the Company. View More
Found in Trevi Therapeutics, Inc. contract
Purpose. The purpose of the Plan is to establish the conditions under which Covered Employees will receive the severance benefits described herein if employment with the Company (or and its successor in a Change in Control (as defined below)) subsidiaries terminates under the circumstances specified herein. The severance benefits paid under the Plan are intended to assist employees in making a transition to new employment and are not intended to be a reward for prior service with the Company. Company or ...any of its subsidiaries. View More
Found in Blue Apron Holdings, Inc. contract
Purpose. The purpose of the this Plan is to establish the conditions under which Covered Employees Participants will receive the severance payments and benefits described herein if their employment with the Company (or its successor in a Change in Control (as defined below)) terminates under the circumstances specified herein. The severance payments and benefits paid under the this Plan are intended to assist employees in making a transition to new employment and are not intended to be a reward for prior... service with the Company. View More
Found in 8 Contracts from 4 Companies
Purpose. The purpose of the Plan is to establish the conditions under which Covered Employees will receive the severance separation benefits described herein if employment with the Company (or its successor in a Change in Control (as defined below)) terminates under the circumstances specified herein. The severance separation benefits paid under the Plan are intended to assist employees in making a transition to new employment and are not intended to be a reward for prior service with the Company.
Found in Apellis Pharmaceuticals, Inc. contract
Purpose. The purpose of the Plan is to establish the conditions under which Covered Employees will receive the severance benefits described herein if employment with the Company (or its successor in a Change in Control (as defined below)) Control) terminates under the circumstances specified herein. The severance benefits paid under the Plan are intended to assist employees Covered Employees in making a transition to new employment and are not intended to be a reward for prior service with the Company.
Found in 4 Contracts from 4 Companies