This example Severance clause appears in
3 contracts
from
1 company
Severance. You will be eligible to enter into a Change in Control and Severance Agreement (the "Severance Agreement") applicable to you based on your position within the Company. Any Severance Agreement 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 Agreement will specify the severance payments and benefits you may become entitled to receive in connection with a cha...nge in control of the Company as well as certain qualifying terminations of your employment with the Company. For purposes of clarity, other than any vesting acceleration benefits set forth in the 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of your stock options to purchase shares of Company common stock granted thereunder (to the extent not modified or superseded by your Severance Agreement), any severance payments, benefits and arrangements that may have applied to you before the Effective Date no longer will apply,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 such plans, programs, agreements or 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 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 substantially the form attached hereto as Exhibit A (the "Confidentiality Agreement").View More
