Purpose Clause Example from Business Contracts

This example Purpose clause appears in 8 contracts from 4 companies

Purpose. The purpose of this Plan is to establish the conditions under which 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 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 Arrow
Found in Viela Bio, Inc. contract
Viela Bio, Inc. Contracts

Viela Bio, Inc. Executive Severance Plan Effective August 9, 2019 (Filed With SEC on August 29, 2019)

Longview Acquisition Corp. Contracts

Butterfly Network, Inc. Executive Severance Plan (Effective May 3, 2021) (Filed With SEC on May 12, 2021)

HighCape Capital Acquisition Corp. Contracts

Quantum-Si Incorporated Executive Severance Plan (Effective June 29, 2021) (Filed With SEC on July 6, 2021)

HealthCor Catalio Acquisition Corp. Contracts

Hyperfine, Inc. Executive Severance Plan Effective December 22, 2021 (Filed With SEC on December 28, 2021)

Hyperfine Executive Severance Plan Effective October 1, 2022 (Filed With SEC on October 6, 2022)

Hyperfine Executive Severance Plan (Effective November 22, 2022) (Filed With SEC on November 23, 2022)

Hyperfine Executive Severance Plan (Effective December 5, 2022) (Filed With SEC on December 9, 2022)

Hyperfine Executive Severance Plan Effective February 13, 2023 (Filed With SEC on February 8, 2023)