Severance Clause Example with 29 Variations from Business Contracts

This page contains Severance 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.
Severance. You will be eligible for the Company's Executive Change in Control and Severance Plan (the "Severance Plan") based on your position within the Company. Your Participation Agreement under the Severance Plan will specify the severance payments and benefits you could be eligible to receive in connection with certain terminations of your employment with the Company. These protections will supersede all other severance payments and benefits you would otherwise currently be eligible for to, or would b...ecome eligible for in the future, under any plan, program or policy that the Company may have in effect from time to time. View More
Found in Ventyx Biosciences, Inc. contract

Variations of a "Severance" Clause from Business Contracts

Severance. You will be eligible for The Board has approved your eligibility to enter into the Company's Executive Change in Control and Severance Plan Agreement attached as Exhibit A to this Agreement (the "Severance Plan") based on your position within the Company. Your Participation "CIC and Severance Agreement"). The CIC and Severance Agreement under the Severance Plan will specify the provides for severance payments and benefits you could be eligible to receive in connection with upon certain qualifyin...g terminations of your employment with employment, subject to the Company. terms and conditions of the CIC and Severance Agreement. These protections will supersede all other severance payments and benefits to which you would otherwise currently may be eligible for to, entitled, or would may become eligible for entitled in the future, under any plan, program or policy that the Company may have in effect from time to time. For purposes of clarification, any severance benefits or arrangements that may have applied to you before the effective date of the CIC and Severance Agreement no longer will apply and you will have no rights or entitlements under any such plans, programs, agreements or arrangements. View More
Found in 5 Contracts from HashiCorp, Inc.
Severance. You will be eligible for the Company's Executive to enter into a Change in Control and Severance Plan Agreement (the "Severance Plan") Agreement") applicable to you based on your position within the Company. Your Participation Any Severance Agreement under will become effective as of the business day immediately prior to the effective date of the Company's registration statement relating to the Company's initial public offering. The Severance Plan Agreement will specify the severance payments an...d benefits you could be eligible may become entitled to receive in connection with a change in control of the Company as well as certain qualifying terminations of your employment with the Company. These protections will supersede all For purposes of clarity, other severance payments and than any vesting acceleration benefits you would otherwise currently be eligible for to, or would become eligible for set forth in the future, Company's 2014 Equity Incentive Plan and the award agreements thereunder governing the terms of your stock options to purchase shares of Company common stock granted thereunder (to the extent not modified or superseded by your Severance Agreement), any severance payments, benefits and arrangements that may have applied to you before the Effective Date no longer will apply, and you will have no rights or entitlements under any plan, program such plans, programs, agreements or policy that arrangements. -2- 4000 MASON RD SUITE 300, BOX 352141 SEATTLE, WA 98195-2141 8. Confidentiality Agreement. As an employee of the Company, you will continue to have access to certain confidential information of the Company may have and you may, during the course of your employment, develop certain information or inventions that will be the property of the Company. To protect the interests of the Company, you agree to enter into a Proprietary Information and Inventions Assignment Agreement with the Company in effect from time to time. substantially the form attached hereto as Exhibit A (the "Confidentiality Agreement"). View More
Found in 3 Contracts from Athira Pharma, Inc.
Severance. You will be eligible for the Company's Executive to enter into a Change in Control and Severance Plan Agreement (the "Severance Plan") Agreement") applicable to you based on your position within the Company. Your Participation Any Severance Agreement under will become effective as of the business day immediately prior to the effective date of the Company's registration statement relating to the Company's initial public offering. The Severance Plan Agreement will specify the severance payments an...d benefits you could be eligible may become entitled to receive in connection with a change in control of the Company as well as certain qualifying terminations of your employment with the Company. These protections will supersede all For purposes of clarity, other severance payments and than any vesting acceleration benefits you would otherwise currently be eligible for to, or would become eligible for set forth in the future, Company's 2020 Equity Incentive Plan and the award agreements thereunder governing the terms of your stock options to purchase shares of Company common stock granted thereunder (to the extent not modified or superseded by your Severance Agreement), any severance payments, benefits and arrangements that may have applied to you before the Effective Date no longer will apply, and you will have no rights or entitlements under any plan, program such plans, programs, agreements or policy arrangements. 2 8. Confidentiality Agreement. As an employee of the Company, you will continue to have access to certain confidential information of the Company and you may, during the course of your employment, develop certain information or inventions that will be the property of the Company. To protect the interests of the Company, your acceptance of this Agreement confirms that the terms of the Company's Employee Confidentiality, Inventions and Non-Interference Agreement you previously signed with the Company may have in effect from time to time. (the "Confidentiality Agreement") still apply. View More
Found in ALX ONCOLOGY HOLDINGS INC contract
Severance. You will be eligible for the Company's Executive to enter into a Change in Control and Severance Plan Agreement (the "Severance Plan") Agreement") applicable to you based on your position within the Company. Your Participation Any Severance Agreement under will become effective as of the Effective Date. The Severance Plan Agreement will specify the severance payments and benefits you could be eligible may become entitled to receive in connection with a change in control of the Company as well as... certain qualifying terminations of your employment with the Company. These protections will supersede all For purposes of clarity, other severance payments and than any vesting acceleration benefits you would otherwise currently be eligible for to, or would become eligible for set forth in the future, Company's 2018 Equity Incentive Plan and the award agreements thereunder governing the terms of your stock options to purchase shares of Company common stock granted thereunder (to the extent not modified or superseded by your Severance Agreement), any severance payments, benefits and arrangements that may have applied to you before the Effective Date no longer will apply, and you will have no rights or entitlements under any plan, program such plans, programs, agreements or policy arrangements. 2 8. Confidentiality Agreement. As an employee of the Company, you will continue to have access to certain confidential information of the Company and you may, during the course of your employment, develop certain information or inventions that will be the property of the Company. To protect the interests of the Company, your acceptance of this Agreement confirms that the terms of the Company's At-Will Employment, Confidential Information, Invention Assignment and Arbitration Agreement entered into between you and the Company may have in effect from time to time. (the "Confidentiality Agreement") still apply. View More
Found in 4 Contracts from Kinnate Biopharma Inc.
Severance. You will be eligible for the Company's Executive to enter into a Change in Control and Severance Plan Agreement (the "Severance Plan") Agreement") applicable to you based on your position within the Company. Your Participation Any Severance Agreement under will become effective as of the business day immediately prior to the effective date of the Company's registration statement relating to the Company's initial public offering. The Severance Plan Agreement will specify the severance payments an...d benefits you could be eligible may become entitled to receive in connection with certain qualifying terminations of your employment with the Company. These protections will supersede all For purposes of clarity, other severance payments and than any vesting acceleration benefits you would otherwise currently be eligible for to, or would become eligible for set forth in the future, Company's 2020 Equity Incentive Plan and the award agreements thereunder governing the terms of your stock options to purchase shares of Company common stock granted thereunder (to the extent not modified or superseded by your Severance Agreement), any severance payments, benefits and arrangements that may have applied to you before the Effective Date no longer will apply, and you will have no rights or entitlements under any plan, program such plans, programs, agreements or policy arrangements. 2 8. Confidentiality Agreement. As an employee of the Company, you will continue to have access to certain confidential information of the Company and you may, during the course of your employment, develop certain information or inventions that will be the property of the Company. To protect the interests of the Company, your acceptance of this Agreement confirms that the terms of the Company's Employee Confidentiality, Inventions and Non-Interference Agreement you previously signed with the Company may have in effect from time to time. (the "Confidentiality Agreement") still apply. View More
Found in 3 Contracts from ALX ONCOLOGY HOLDINGS INC
Severance. You will be eligible for the Company's Executive to enter into a Change in Control and Severance Plan Agreement (the "Severance Plan") Agreement") applicable to you based on your position within the Company. Your Participation Any Severance Agreement under will become effective as of the effective date specified in such Severance Plan Agreement. The Severance Agreement will specify the severance payments and benefits you could be eligible may become entitled to receive in connection with certain... qualifying terminations of your employment with the Company. These protections will supersede all For purposes of clarity, other severance payments and than any vesting acceleration benefits you would otherwise currently be eligible for to, or would become eligible for set forth in the future, Company's Amended and Restated 2020 Equity Incentive Plan and the award agreements thereunder governing the terms of your stock options to purchase shares of Company common stock granted thereunder (to the extent not modified or superseded by your Severance Agreement), any severance payments, benefits and arrangements that may have applied to you before the Effective Date no longer will apply, and you will have no rights or entitlements under any plan, program such plans, programs, agreements or policy that the Company may have in effect from time to time. arrangements. View More
Found in ALX ONCOLOGY HOLDINGS INC contract
Severance. You will be eligible for the Company's Executive to enter into a Change in Control and Severance Plan Agreement (the "Severance Plan") Agreement") applicable to you based on your position within the Company. Your Participation Any Severance Agreement under will become effective as of the business day immediately prior to the effective date of the Company's registration statement relating to the Company's initial public offering. The Severance Plan Agreement will specify the severance payments an...d benefits you could be eligible may become entitled to receive in connection with certain qualifying terminations of your employment with the Company. These protections will supersede all For purposes of clarity, other severance payments and than any vesting acceleration benefits you would otherwise currently be eligible for to, or would become eligible for set forth in the future, Company's 2020 Equity Incentive Plan and the award agreements thereunder governing the terms of your stock options to purchase shares of Company common stock granted thereunder (to the extent not modified or superseded by your Severance Agreement), any severance payments, benefits and arrangements that may have applied to you before the Effective Date no longer will apply, and you will have no rights or entitlements under any plan, program such plans, programs, agreements or policy that the Company may have in effect from time to time. arrangements. View More
Found in ALX ONCOLOGY HOLDINGS INC contract
Severance. You will be eligible for the Company's Executive to enter into a Change in of Control and Severance Plan Agreement (the "Severance Plan") Agreement") applicable to you based on your senior position within the Company. Your Participation The Severance Agreement under the Severance Plan will specify the severance payments and benefits you could would be eligible entitled to receive in connection with a change of control transaction and certain terminations of your employment with the Company. Thes...e protections will supersede all other severance payments and benefits you would otherwise currently be eligible for to, or would become eligible for in the future, under any plan, program or policy that the Company may have in effect from time to time. employment. View More
Found in Square, Inc. contract
Severance. You will be eligible for the Company's Executive to enter into a Change in Control and Severance Plan Agreement (the "Severance Plan") Agreement") applicable to you based on your position within the Company. Your Participation Any Severance Agreement under will become effective as of the Effective Date. The Severance Plan Agreement will specify the severance payments and benefits you could be eligible may become entitled to receive in connection with a change in control of the Company as well as... certain qualifying terminations of your employment with the Company. These protections will supersede all other severance payments and benefits you would otherwise currently be eligible for to, or would become eligible for in the future, under any plan, program or policy that the Company may have in effect from time to time. View More
Found in Kinnate Biopharma Inc. contract
Severance. You will be eligible for the Company's Executive to enter into a Change in Control and Severance Plan Agreement (the "Severance Plan") Agreement") applicable to you based on your position within the Company. Your Participation The Severance Agreement under the Severance Plan will specify the severance payments and benefits you could be eligible may become entitled to receive in connection with a change in control of the Company as well as certain qualifying terminations of your employment with t...he Company. These protections will supersede all other severance payments and benefits you would otherwise currently be eligible for to, or would become eligible for in the future, under any plan, program or policy that the Company may have in effect from time to time. View More
Found in Athira Pharma, Inc. contract