Common use of Benefits to Employee Upon a Change of Control Termination Clause in Contracts

Benefits to Employee Upon a Change of Control Termination. In the event of a Change of Control Termination (as defined in Section 7.2(c) below), the Employee shall be entitled to all accrued and unpaid base salary and any accrued but unused vacation through the date of termination. In addition, subject to the Employee’s execution and non-revocation of a binding Severance Agreement and subject to the terms and conditions of Section 18 of this Agreement, the Employee shall be eligible to receive the following separation benefits:

Appears in 4 contracts

Samples: Employment Agreement (Cerulean Pharma Inc.), Employment Agreement (Cerulean Pharma Inc.), Employment Agreement (Cerulean Pharma Inc.)

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Benefits to Employee Upon a Change of Control Termination. In the event of a Change of Control Termination (as defined in Section 7.2(c) below), the Employee shall be entitled to all accrued and unpaid base salary and any accrued but unused vacation through the date of termination. In addition, subject to the Employee’s execution and non-revocation of a binding Severance Agreement and subject to the terms and conditions of Section 18 of this Agreement, the Employee shall be eligible to receive the following separation benefits:

Appears in 2 contracts

Samples: Employment Agreement (Cerulean Pharma Inc.), Employment Agreement (Cerulean Pharma Inc.)

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Benefits to Employee Upon a Change of Control Termination. In the event of a Change of Control Termination (as defined in Section 7.2(c) below), the Employee shall be entitled to all accrued and unpaid base salary and any accrued but unused vacation through the date of termination. In addition, subject to the Employee’s execution and non-revocation of a binding Severance Agreement and subject to the terms and conditions of set forth in Section 18 of this Agreement, the Employee shall be eligible to receive the following separation benefits:

Appears in 1 contract

Samples: Employment Agreement (Cerulean Pharma Inc.)

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