Common use of Change in Control Payment Clause in Contracts

Change in Control Payment. The provisions of this Section 5 set forth certain terms of an agreement reached between the Executive and the Company regarding the Executive’s rights and obligations upon the occurrence of a Change in Control of the Company. These provisions are intended to assure and encourage in advance the Executive’s continued attention and dedication to his assigned duties and his objectivity during the pendency and after the occurrence of any such event. These provisions shall apply in lieu of, and expressly supersede, the provisions of Section 4(b) regarding severance pay and benefits upon a termination of employment, if such termination of employment occurs within 12 months after the occurrence of the first event constituting a Change in Control. These provisions shall terminate and be of no further force or effect beginning 12 months after the occurrence of a Change in Control.

Appears in 67 contracts

Samples: Employment Agreement (2seventy Bio, Inc.), Employment Agreement (Advanced Cell Technology, Inc.), Employment Agreement (Neos Therapeutics, Inc.)

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Change in Control Payment. The provisions of this Section 5 Paragraph 8 set forth certain terms of an agreement reached between the Executive and the Company regarding the Executive’s 's rights and obligations upon the occurrence of a Change in Control of the Company. These provisions are intended to assure and encourage in advance the Executive’s 's continued attention and dedication to his assigned duties and his objectivity during the pendency and after the occurrence of any such event. These provisions shall apply in lieu of, and expressly supersede, the provisions of Section 4(bSubparagraph 7(d)(i) regarding severance pay and benefits upon a termination of employment, if such termination of employment occurs within 12 eighteen (18) months after the occurrence of the first event constituting a Change in of Control; provided that such first event occurs during the Period of Employment. These provisions shall terminate and be of no further force or effect beginning 12 eighteen (18) months after the occurrence of a Change in of Control.

Appears in 13 contracts

Samples: Executive Employment Agreement (Wyndham International Inc), Executive Employment Agreement (Wyndham International Inc), Executive Employment Agreement (Wyndham International Inc)

Change in Control Payment. The provisions of this Section 5 set forth certain terms of an agreement reached between the Executive and the Company regarding the Executive’s rights and obligations upon the occurrence of a Change in Control of the CompanyControl. These provisions are intended to assure and encourage in advance the Executive’s continued attention and dedication to his the Executive’s assigned duties and his the Executive’s objectivity during the pendency and after the occurrence of any such event. These provisions shall apply in lieu of, and expressly supersede, the provisions of Section 4(b) regarding severance pay and benefits upon a termination of employment, if such termination of employment occurs within 12 months after the occurrence of the first event constituting a Change in Control. These provisions shall terminate and be of no further force or effect beginning 12 months after the occurrence of a Change in Control.

Appears in 12 contracts

Samples: Employment Agreement (Rubius Therapeutics, Inc.), Employment Agreement (Rubius Therapeutics, Inc.), Employment Agreement (Rubius Therapeutics, Inc.)

Change in Control Payment. The provisions of this Section 5 6 set forth certain terms of an agreement reached between the Executive and the Company regarding the Executive’s rights and obligations upon the occurrence of a Change in Control of the Company. These provisions are intended to assure and encourage in advance the Executive’s continued attention and dedication to his assigned duties and his objectivity during the pendency and after the occurrence of any such event. These provisions shall apply in lieu of, and expressly supersede, the provisions of Section 4(b5(b) regarding severance pay and benefits upon a termination of employment, if such termination of employment occurs within 12 twelve (12) months after the occurrence of the first event constituting a Change in Control. These provisions shall terminate and be of no further force or effect beginning 12 twelve (12) months after the occurrence of a Change in Control.

Appears in 11 contracts

Samples: Employment Agreement (Cingulate Inc.), Employment Agreement (Cingulate Inc.), Employment Agreement (Cingulate Inc.)

Change in Control Payment. The provisions of this Section 5 6 set forth certain terms of an agreement reached between the Executive and the Company regarding the Executive’s rights and obligations upon the occurrence of a Change in Control of the Company. These provisions are intended to assure and encourage in advance the Executive’s continued attention and dedication to his assigned duties and his objectivity during the pendency and after the occurrence of any such event. These provisions shall apply in lieu of, and expressly supersede, the provisions of Section 4(b5(b) regarding severance pay and benefits upon a termination of employment, if such termination of employment occurs within 12 twelve (12) months after the occurrence of the first event constituting a Change in ControlControl (the “Change in Control Period”). These provisions shall terminate and be of no further force or effect beginning 12 months after the occurrence of a Change in ControlControl Period.

Appears in 11 contracts

Samples: Employment Agreement (Karuna Therapeutics, Inc.), Employment Agreement (Karuna Therapeutics, Inc.), Employment Agreement (Karuna Therapeutics, Inc.)

Change in Control Payment. The provisions of this Section 5 set forth certain terms of an agreement reached between the Executive Executive, the Company and the Company Employer regarding the Executive’s rights and obligations upon the occurrence of a Change in Control of the Company. These provisions are intended to assure and encourage in advance the Executive’s continued attention and dedication to his assigned duties and his objectivity during the pendency and after the occurrence of any such event. These provisions shall apply in lieu of, and expressly supersede, the provisions of Section 4(b) regarding severance pay and benefits upon a termination of employment, if such termination of employment occurs within 12 24 months after the occurrence of the first event constituting a Change in Control. These provisions shall terminate and be of no further force or effect beginning 12 24 months after the occurrence of a Change in Control.

Appears in 10 contracts

Samples: Employment Agreement (Paramount Group, Inc.), Employment Agreement (Paramount Group, Inc.), Employment Agreement (Paramount Group, Inc.)

Change in Control Payment. The provisions of this Section 5 set forth certain terms of an agreement reached between the Executive Employee and the Company regarding the ExecutiveEmployee’s rights and obligations upon the occurrence of a Change in Control of the Company. These provisions are intended to assure and encourage in advance the ExecutiveEmployee’s continued attention and dedication to his assigned duties and his objectivity during the pendency and after the occurrence of any such event. These provisions shall apply in lieu of, and expressly supersede, the provisions of Section 4(b) regarding severance pay and benefits upon a termination of employment, if such termination of employment occurs within 12 18 months after the occurrence of the first event constituting a Change in Control. These provisions shall terminate and be of no further force or effect beginning 12 18 months after the occurrence of a Change in Control.

Appears in 9 contracts

Samples: Employment Agreement (SpringWorks Therapeutics, Inc.), Employment Agreement (Scholar Rock Holding Corp), Employment Agreement (SpringWorks Therapeutics, Inc.)

Change in Control Payment. The provisions of this Section 5 set forth certain terms of an agreement reached between the Executive and the Company regarding the Executive’s rights and obligations upon the occurrence of a Change in Control of the Company. These provisions are intended to assure and encourage in advance the Executive’s continued attention and dedication to his her assigned duties and his her objectivity during the pendency and after the occurrence of any such event. These provisions shall apply in lieu of, and expressly supersede, the provisions of Section 4(b) regarding severance pay and benefits upon a termination of employment, if such termination of employment occurs within 12 months after the occurrence of the first event constituting a Change in Control. These provisions shall terminate and be of no further force or effect beginning 12 months after the occurrence of a Change in Control.

Appears in 7 contracts

Samples: Employment Agreement (Bluebird Bio, Inc.), Employment Agreement (Unum Therapeutics Inc.), Employment Agreement (Cogent Biosciences, Inc.)

Change in Control Payment. The provisions of this Section 5 6 set forth certain terms of an agreement reached between the Executive and the Company regarding the Executive’s rights and obligations upon the occurrence of a Change in Control of the Company. These provisions are intended to assure and encourage in advance the Executive’s continued attention and dedication to his assigned duties and his objectivity during the pendency and after the occurrence of any such event. These provisions shall apply in lieu of, and expressly supersede, the provisions of Section 4(b) 5 regarding severance pay and benefits upon a termination of employment, if such termination of employment occurs within 12 months after the occurrence of the first event constituting a Change in ControlControl (the “Change in Control Period”). These provisions shall terminate and be of no further force or effect beginning 12 months after the occurrence of a Change in ControlControl Period has ended.

Appears in 6 contracts

Samples: Employment Agreement (Gemini Therapeutics, Inc. /DE), Employment Agreement (Gemini Therapeutics, Inc. /DE), Employment Agreement (Gemini Therapeutics, Inc. /DE)

Change in Control Payment. The provisions of this Section 5 set forth certain terms of an agreement reached between the Executive and the Company regarding the Executive’s rights and obligations upon the occurrence of a Change in Control of the Company. These provisions are intended to assure and encourage in advance the Executive’s continued attention and dedication to his their assigned duties and his their objectivity during the pendency and after the occurrence of any such event. These provisions shall apply in lieu of, and expressly supersede, the provisions of Section 4(b) regarding severance pay and benefits upon a termination of employment, if such termination of employment occurs within 12 months after the occurrence of the first event constituting a Change in Control. These provisions shall terminate and be of no further force or effect beginning 12 months after the occurrence of a Change in Control.

Appears in 6 contracts

Samples: Employment Agreement (Bluebird Bio, Inc.), Employment Agreement (Bluebird Bio, Inc.), Employment Agreement (Bluebird Bio, Inc.)

Change in Control Payment. The provisions of this Section 5 set forth certain terms of an agreement reached between the Executive and the Company regarding the Executive’s rights and obligations upon the occurrence of a Change in Control of the Company. These provisions are intended to assure and encourage in advance the Executive’s continued attention and dedication to his assigned duties and his objectivity during the pendency and after the occurrence of any such event. These provisions shall apply in lieu of, and expressly supersede, the provisions of Section 4(b) regarding severance pay and benefits upon a termination of employment, if such termination of employment occurs within 12 three months after prior to the occurrence of the first event constituting a Change in Control through 24 months following a Change in Control. These provisions shall terminate and be of no further force or effect beginning 12 24 months after the occurrence of a Change in Control.

Appears in 6 contracts

Samples: Employment Agreement (Trade Desk, Inc.), Employment Agreement (Trade Desk, Inc.), Employment Agreement (Trade Desk, Inc.)

Change in Control Payment. The provisions of this Section 5 set forth certain terms of an agreement reached between the Executive and the Company regarding the Executive’s rights and obligations upon the occurrence of a Change in Control of the Company(as defined below). These provisions are intended to assure and encourage in advance the Executive’s continued attention and dedication to his the Executive’s assigned duties and his the Executive’s objectivity during the pendency and after the occurrence of any such event. These provisions shall apply in lieu of, and expressly supersede, the provisions of Section 4(b) regarding severance pay and benefits upon a termination of employment, if such termination of employment occurs within 12 months after the occurrence of the first event constituting a Change in Control. These provisions shall terminate and be of no further force or effect beginning 12 months after the occurrence of a Change in Control.

Appears in 6 contracts

Samples: Employment Agreement (Deciphera Pharmaceuticals, Inc.), Employment Agreement (Deciphera Pharmaceuticals, Inc.), Employment Agreement (Deciphera Pharmaceuticals, Inc.)

Change in Control Payment. The provisions of this Section 5 6 set forth certain terms of an agreement reached between the Executive and the Company regarding the Executive’s rights and obligations upon the occurrence of a Change in Control (as defined below) of the Company. These provisions are intended to assure and encourage in advance the Executive’s continued attention and dedication to his the Executive’s assigned duties and his the Executive’s objectivity during the pendency and after the occurrence of any such event. These provisions shall apply in lieu of, and expressly supersede, the provisions of Section 4(b5(b) regarding severance pay and benefits upon a termination of employment, if such termination of employment occurs within anytime between 3 months before and 12 months after the occurrence of the first event constituting a Change in Control, provided that such first event occurs during the Term. These provisions shall terminate and be of no further force or effect beginning 12 months after the occurrence of a Change in Control.

Appears in 5 contracts

Samples: Employment Agreement (Ener1 Inc), Employment Agreement (Ener1 Inc), Confidentiality Agreement (Ener1 Inc)

Change in Control Payment. The provisions of this Section 5 set forth certain terms of an agreement reached between the Executive and the Company regarding the Executive’s rights and obligations upon the occurrence of a Change in Control of the Company. These provisions are intended to assure and encourage in advance the Executive’s continued attention and dedication to his assigned duties and his objectivity during the pendency and after the occurrence of any such event. These provisions shall apply in lieu of, and expressly supersede, the provisions of Section 4(b) regarding severance pay and benefits upon a termination of employment, if such termination of employment occurs within 12 eighteen (18) months after the occurrence of the first event constituting a Change in ControlControl (the “Change in Control Period”). These provisions shall terminate and be of no further force or effect beginning 12 eighteen (18) months after the occurrence of a Change in Control.

Appears in 5 contracts

Samples: Employment Agreement (Vericel Corp), Employment Agreement (Vericel Corp), Employment Agreement (Vericel Corp)

Change in Control Payment. The provisions of this Section 5 set forth certain terms of an agreement reached between the Executive and the Company regarding the Executive’s rights and obligations upon the occurrence of a Change in Control of the Company. These provisions are intended to assure and encourage in advance the Executive’s continued attention and dedication to his her assigned duties and his her objectivity during the pendency and after the occurrence of any such event. These provisions shall apply in lieu of, and expressly supersede, the provisions of Section 4(b) regarding severance pay and benefits upon a termination of employment, if such termination of employment occurs within 12 three months after prior to the occurrence of the first event constituting a Change in Control through 24 months following a Change in Control. These provisions shall terminate and be of no further force or effect beginning 12 24 months after the occurrence of a Change in Control.

Appears in 5 contracts

Samples: Employment Agreement (Trade Desk, Inc.), Employment Agreement (Trade Desk, Inc.), Employment Agreement (Trade Desk, Inc.)

Change in Control Payment. The provisions of this Section 5 set forth certain terms of an agreement reached between the Executive and the Company Employers regarding the Executive’s rights and obligations upon the occurrence of a Change in Control of the Company. These provisions are intended to assure and encourage in advance the Executive’s continued attention and dedication to his assigned duties and his objectivity during the pendency and after the occurrence of any such event. These provisions shall apply in lieu of, and expressly supersede, the provisions of Section 4(b4(c) regarding severance pay and benefits upon a termination of employment, if such termination of employment occurs within 12 months after the occurrence of the first event constituting a Change in Control. These provisions shall terminate and be of no further force or effect beginning 12 months after the occurrence of a Change in Control.

Appears in 5 contracts

Samples: Employment Agreement (American Farmland Co), Employment Agreement (American Farmland Co), Employment Agreement (American Farmland Co)

Change in Control Payment. The provisions of this Section 5 set forth certain terms of an agreement additional agreements reached between the Executive and the Company regarding the Executive’s rights and obligations upon the occurrence of a Change in Control of the Company. These provisions are intended to assure and encourage in advance the Executive’s continued attention and dedication to his assigned duties and his objectivity during the pendency and after the occurrence of any such event. These provisions shall apply in lieu of, and expressly supersede, the provisions of Section 4(b) and Section 4(c), as applicable, regarding severance pay and benefits upon if a termination of employment, if such termination of employment occurs on or within 12 months after the occurrence of the first event constituting a Change in Control, provided that such Change in Control occurs during the Executive’s employment. These provisions shall terminate and be of no further force or effect beginning 12 twelve (12) months after the occurrence of a Change in Control.

Appears in 5 contracts

Samples: Employment Agreement (Brightcove Inc), Employment Agreement (Brightcove Inc), Employment Agreement (Brightcove Inc)

Change in Control Payment. The provisions of this Section 5 set forth certain terms of an agreement reached between the Executive and the Company regarding the Executive’s rights and obligations upon the occurrence of a Change in Control of the Company. These provisions are intended to assure and encourage in advance the Executive’s continued attention and dedication to his assigned duties and his objectivity during the pendency and after the occurrence of any such event. These provisions shall apply in lieu of, and expressly supersede, the provisions of Section 4(b) regarding severance pay and benefits upon a termination of employment, if such termination of employment occurs within 12 18 months after the occurrence of the first event constituting a Change in Control. These provisions shall terminate and be of no further force or effect beginning 12 18 months after the occurrence of a Change in Control.

Appears in 4 contracts

Samples: Employment Agreement (Lucid Inc), Employment Agreement (Lucid Inc), Employment Agreement (Boston Private Financial Holdings Inc)

Change in Control Payment. The provisions of this Section 5 set forth certain terms of an agreement reached between the Executive and the Company regarding the Executive’s rights and obligations upon the occurrence of a Change in Control of the Company. These provisions are intended to assure and encourage in advance the Executive’s continued attention and dedication to his his/her assigned duties and his his/her objectivity during the pendency and after the occurrence of any such event. These provisions shall apply in lieu of, and expressly supersede, the provisions of Section 4(b) regarding severance pay and benefits upon a termination of employment, if such termination of employment occurs within 12 months after the occurrence of the first event constituting a Change in Control. These provisions shall terminate and be of no further force or effect beginning 12 months after the occurrence of a Change in Control.

Appears in 4 contracts

Samples: Employment Agreement (Cogent Biosciences, Inc.), Employment Agreement (Cogent Biosciences, Inc.), Employment Agreement (Cogent Biosciences, Inc.)

Change in Control Payment. The provisions of this Section 5 5(h) set forth certain terms of an agreement reached between the Executive and the Company regarding the Executive’s rights and obligations upon the occurrence of a Change in Control of the Company. These provisions are intended to assure and encourage in advance the Executive’s continued attention and dedication to his assigned duties and his objectivity during the pendency and after the occurrence of any such event. These provisions shall apply in lieu of, and expressly supersede, the provisions of Section 4(b5(e) regarding severance pay and benefits upon a termination of employment, if such termination of employment occurs within 12 twelve months after the occurrence of the first event constituting a Change in Control. These provisions shall terminate and be of no further force or effect beginning 12 twelve months after the occurrence of a Change in Control.

Appears in 4 contracts

Samples: Executive Employment Agreement (Monotype Imaging Holdings Inc.), Executive Employment Agreement (Monotype Imaging Holdings Inc.), Executive Employment Agreement (Monotype Imaging Holdings Inc.)

Change in Control Payment. The provisions of this Section 5 7 set forth certain terms of an agreement reached between the Executive and the Company Bank regarding the Executive’s rights and obligations upon the occurrence of a Change in Control of the CompanyControl. These provisions are intended to assure and encourage in advance the Executive’s continued attention and dedication to his assigned duties and his objectivity during the pendency and after the occurrence of any such event. These provisions shall apply in lieu of, and expressly supersede, the provisions of Section 4(b6(b) regarding severance pay and benefits upon a termination of employment, if such termination of employment occurs within 12 twenty-four (24) months after the occurrence of the first event constituting a Change in Control. These provisions shall terminate and be of no further force or effect beginning 12 twenty-four (24) months after the occurrence of a Change in Control.

Appears in 4 contracts

Samples: Employment Agreement (PCSB Financial Corp), Employment Agreement (PCSB Financial Corp), Employment Agreement (PCSB Financial Corp)

Change in Control Payment. The provisions of this Section 5 set forth certain terms of an agreement reached between the Executive and the Company regarding the Executive’s rights and obligations upon the occurrence of a Change in Control of the Company. These provisions are intended to assure and encourage in advance the Executive’s continued attention and dedication to his assigned duties and his objectivity during the pendency and after the occurrence of any such event. These provisions shall apply in lieu of, and expressly supersede, the provisions of Section 4(b) regarding severance pay and benefits upon a termination of employment, if such termination of employment occurs within 12 twelve months after the occurrence of the first event constituting a Change in Control. These provisions shall terminate and be of no further force or effect beginning 12 twelve months after the occurrence of a Change in Control.

Appears in 4 contracts

Samples: Employment Agreement (Aerpio Pharmaceuticals, Inc.), Employment Agreement (Aerpio Pharmaceuticals, Inc.), Employment Agreement (Aerpio Pharmaceuticals, Inc.)

Change in Control Payment. The provisions of this Section 5 set forth certain terms of an agreement reached between the Executive and the Company regarding the Executive’s rights and obligations upon the occurrence of a Change in Control of the Company(as defined below). These provisions are intended to assure and encourage in advance the Executive’s continued attention and dedication to his the Executive’s assigned duties and his the Executive’s objectivity during the pendency and after the occurrence of any such event. These provisions shall apply in lieu of, and expressly supersede, the provisions of Section 4(b) regarding severance pay and benefits upon a termination of employment, if such termination of employment occurs within 12 months after the occurrence of the first any event constituting a Change in Control. These provisions shall terminate and be of no further force or effect beginning 12 months after the occurrence of a Change in Control.

Appears in 4 contracts

Samples: Employment Agreement (Viveve Medical, Inc.), Employment Agreement (Viveve Medical, Inc.), Employment Agreement (Viveve Medical, Inc.)

Change in Control Payment. The provisions of this Section 5 set forth certain terms of an agreement reached between the Executive Executive, the Parent and the Company regarding the Executive’s rights and obligations upon the occurrence of a Change in Control of the CompanyParent. These provisions are intended to assure and encourage in advance the Executive’s continued attention and dedication to his the Executive’s assigned duties and his the Executive’s objectivity during the pendency and after the occurrence of any such event. These provisions shall apply in lieu of, and expressly supersede, the provisions of Section 4(b) regarding severance pay and benefits upon a termination of employment, employment if such termination of employment occurs within 12 months after the occurrence of the first event constituting a Change in Control. These provisions shall terminate and be of no further force or effect beginning 12 months after the occurrence of a Change in Control.

Appears in 4 contracts

Samples: Employment Agreement (Xeris Biopharma Holdings, Inc.), Employment Agreement (Xeris Biopharma Holdings, Inc.), Employment Agreement (Xeris Biopharma Holdings, Inc.)

Change in Control Payment. The provisions of this Section 5 7 set forth certain terms of an agreement reached between the Executive and the Company regarding the Executive’s rights and obligations upon the occurrence of a Change in Control of the CompanyControl. These provisions are intended to assure and encourage in advance the Executive’s continued attention and dedication to his assigned duties and his objectivity during the pendency and after the occurrence of any such event. These provisions shall apply in lieu of, and expressly supersede, the provisions of Section 4(b6(b) regarding severance pay and benefits upon a termination of employment, if such termination of employment occurs within 12 twenty-four (24) months after the occurrence of the first event constituting a Change in Control. These provisions shall terminate and be of no further force or effect beginning 12 twenty-four (24) months after the occurrence of a Change in Control.

Appears in 4 contracts

Samples: Employment Agreement (PCSB Financial Corp), Employment Agreement (PCSB Financial Corp), Employment Agreement (PCSB Financial Corp)

Change in Control Payment. The provisions of this Section 5 set forth certain terms of an agreement reached between the Executive and the Company regarding the Executive’s rights and obligations upon the occurrence of a Change in Control of the Company. These provisions are intended to assure and encourage in advance the Executive’s continued attention and dedication to his assigned duties and his objectivity during the pendency and after the occurrence of any such event. These provisions shall apply in lieu of, and expressly supersede, the provisions of Section 4(b) regarding severance pay and benefits upon a termination of employment, if such termination of employment occurs within 12 months after the occurrence of the first event constituting a Change in ControlControl (the “Change in Control Period”). These provisions shall terminate and be of no further force or effect beginning 12 months after the occurrence of a Change in ControlControl Period has ended.

Appears in 4 contracts

Samples: Employment Agreement (Axcella Health Inc.), Employment Agreement (Axcella Health Inc.), Employment Agreement (Axcella Health Inc.)

Change in Control Payment. The provisions of this Section 5 Paragraph 6 set forth certain terms of an agreement reached between the Executive and the Company regarding the Executive’s rights and obligations upon the occurrence of a Change in Control of the Company. These provisions are intended to assure and encourage in advance the Executive’s continued attention and dedication to his assigned duties and his objectivity during the pendency and after the occurrence of any such event. These provisions shall apply in lieu of, and expressly supersede, the provisions of Section 4(bSubparagraph 5(b) regarding the amount of severance pay and benefits upon a termination of employment, if such termination of employment occurs within 12 twenty-four (24) months after the occurrence of the first event constituting a Change in Control, provided that such first event occurs during the Period of Employment. These provisions shall terminate and be of no further force or effect beginning 12 twenty-four (24) months after the occurrence of a Change in Control.

Appears in 3 contracts

Samples: Employment Agreement (Alkermes Inc), Employment Agreement (Alkermes Inc), Employment Agreement (Alkermes Inc)

Change in Control Payment. The provisions of this Section 5 6 set forth certain terms of an agreement reached between the Executive and the Company regarding the Executive’s rights and obligations upon the occurrence of a Change in Control of the Company. These provisions are intended to assure and encourage in advance the Executive’s continued attention and dedication to his their assigned duties and his their objectivity during the pendency and after the occurrence of any such event. These provisions shall apply in lieu of, and expressly supersede, the provisions of Section 4(b) 5 regarding severance pay and benefits upon a termination of employment, if such termination of employment occurs within 12 months after the occurrence of the first event constituting a Change in ControlControl (the “Change in Control Period”). These The provisions in this Section 6 shall terminate and be of no further force or effect beginning 12 months after the occurrence of a Change in ControlControl Period has ended.

Appears in 3 contracts

Samples: Employment Agreement (Axcella Health Inc.), Employment Agreement (Axcella Health Inc.), Employment Agreement (Axcella Health Inc.)

Change in Control Payment. The provisions of this Section 5 set forth certain terms of an agreement reached between the Executive Employee and the Company regarding the ExecutiveEmployee’s rights and obligations upon the occurrence of a Change in Control of the Company. These provisions are intended to assure and encourage in advance the ExecutiveEmployee’s continued attention and dedication to his her assigned duties and his her objectivity during the pendency and after the occurrence of any such event. These provisions shall apply in lieu of, and expressly supersede, the provisions of Section 4(b) regarding severance pay and benefits upon a termination of employment, if such termination of employment occurs within 12 fifteen (15) months after the occurrence of the first event constituting a Change in Control. These provisions shall terminate and be of no further force or effect beginning 12 fifteen (15) months after the occurrence of a Change in Control.

Appears in 2 contracts

Samples: Employment Agreement (Kaleido Biosciences, Inc.), Employment Agreement (Kaleido Biosciences, Inc.)

Change in Control Payment. The provisions of this Section 5 set forth certain terms of an agreement reached between the Executive and the Company regarding the Executive’s rights and obligations upon the occurrence of a Change in Control of the Company. These provisions are intended to assure and encourage in advance the Executive’s continued attention and dedication to his assigned duties and his objectivity during the pendency and after the occurrence of any such event. These provisions shall apply in lieu of, and expressly supersede, the provisions of Section 4(b) regarding severance pay and benefits upon a termination of employment, if such termination of employment occurs within 2 months prior to and 12 months after the occurrence of the first event constituting a Change in Control. These provisions shall terminate and be of no further force or effect beginning 12 months after the occurrence of a Change in Control.

Appears in 2 contracts

Samples: Employment Agreement (aTYR PHARMA INC), Employment Agreement (aTYR PHARMA INC)

Change in Control Payment. The provisions of this Section 5 set forth certain terms of an agreement reached between the Executive and the Company regarding the Executive’s rights and obligations upon the occurrence of a Change in Control of the CompanyControl. These provisions are intended to assure and encourage in advance the Executive’s continued attention and dedication to his assigned duties and his objectivity during the pendency and after the occurrence of any such event. These provisions shall apply in lieu of, and expressly supersede, the provisions of Section 4(b) regarding severance pay and benefits upon a termination of employment, if such termination of employment occurs within 12 months after the occurrence of the first event constituting a Change in Control. These provisions shall terminate and be of no further force or effect beginning 12 months after the occurrence of a Change in Control.

Appears in 2 contracts

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

Change in Control Payment. The provisions of this Section 5 6 set forth certain terms of an agreement reached between the Executive and the Company regarding the Executive’s rights and obligations upon the occurrence of a Change in Control of the Company. These provisions are intended to assure and encourage in advance the Executive’s continued attention and dedication to his their assigned duties and his their objectivity during the pendency and after the occurrence of any such event. These provisions shall apply in lieu of, and expressly supersede, the provisions of Section 4(b) 5 regarding severance pay and benefits upon a termination of employment, if such termination of employment occurs within 12 months after the occurrence of the first event constituting a Change in ControlControl (the “Change in Control Period”). These provisions shall terminate and be of no further force or effect beginning 12 months after the occurrence of a Change in ControlControl Period has ended.

Appears in 2 contracts

Samples: Employment Agreement (Axcella Health Inc.), Employment Agreement (Axcella Health Inc.)

Change in Control Payment. The provisions of this Section 5 7 set forth certain terms of an agreement reached between the Executive and the Company Bank regarding the Executive’s rights and obligations upon the occurrence of a Change in Control of the CompanyBank. These provisions are intended to assure and encourage in advance the Executive’s continued attention and dedication to his assigned duties and his objectivity during the pendency and after the occurrence of any such event. These provisions shall apply in lieu of, and expressly supersede, the provisions of Section 4(b6(b) regarding severance pay and benefits upon a termination of employment, if such termination of employment occurs within 12 twenty-four (24) months after the occurrence of the first event constituting a Change in Control. These provisions shall terminate and be of no further force or effect beginning 12 twenty-four (24) months after the occurrence of a Change in Control.

Appears in 2 contracts

Samples: Employment Agreement (PCSB Financial Corp), Employment Agreement (PCSB Financial Corp)

Change in Control Payment. The provisions of this Section 5 set forth certain terms of an agreement reached between the Executive and the Company regarding the Executive’s rights and obligations upon the occurrence of a Change in Control of the Company. These provisions are intended to assure and encourage in advance the Executive’s continued attention and dedication to his her assigned duties and his her objectivity during the pendency and after the occurrence of any such event. These provisions shall apply in lieu of, and expressly supersede, the provisions of Section 4(b) regarding severance pay and benefits upon a termination of employment, if such termination of employment occurs within 12 twelve (12) months after the occurrence of the first event constituting a Change in Control. These provisions shall terminate and be of no further force or effect beginning 12 twelve (12) months after the occurrence of a Change in Control.

Appears in 2 contracts

Samples: Employment Agreement (Aastrom Biosciences Inc), Employment Agreement (Aastrom Biosciences Inc)

Change in Control Payment. The provisions of this Section 5 set forth certain terms of an agreement reached between the Executive Executive, the Company and the Company Employer regarding the Executive’s rights and obligations upon the occurrence of a Change in Control of the Company. These provisions are intended to assure and encourage in advance the Executive’s continued attention and dedication to his her assigned duties and his her objectivity during the pendency and after the occurrence of any such event. These provisions shall apply in lieu of, and expressly supersede, the provisions of Section 4(b) regarding severance pay and benefits upon a termination of employment, if such termination of employment occurs within 12 24 months after the occurrence of the first event constituting a Change in Control. These provisions shall terminate and be of no further force or effect beginning 12 24 months after the occurrence of a Change in Control.

Appears in 2 contracts

Samples: Employment Agreement (Paramount Group, Inc.), Employment Agreement (Paramount Group, Inc.)

Change in Control Payment. The provisions of this Section 5 set forth certain terms of an agreement reached between the Executive and the Company regarding the Executive’s rights and obligations upon the occurrence of a Change in Control of the Company. These provisions are intended to assure and encourage in advance the Executive’s continued attention and dedication to his assigned duties and his objectivity during the pendency and after the occurrence of any such event. These provisions shall apply in lieu of, and expressly supersede, the provisions of Section 4(b) regarding severance pay and benefits upon a termination of employment, if such termination of employment occurs within 12 24 months after the occurrence of the first event constituting a Change in Control. These provisions shall terminate and be of no further force or effect beginning 12 24 months after the occurrence of a Change in Control.

Appears in 2 contracts

Samples: Employment Agreement (Repligen Corp), Employment Agreement (Repligen Corp)

Change in Control Payment. The provisions of this Section 5 set forth certain terms of an agreement reached between the Executive and the Company regarding the Executive’s rights and obligations upon the occurrence of a Change in Control of the Company. These provisions are intended to assure and encourage in advance the Executive’s continued attention and dedication to his assigned duties and his objectivity during the pendency and after the occurrence of any such event. These provisions shall apply in lieu of, and expressly supersede, the provisions of Section 4(b) regarding severance pay and benefits upon a termination of employment, if such termination of employment occurs within 12 twelve (12) months after the occurrence of the first event constituting a Change in Control. These provisions shall terminate and be of no further force or effect beginning 12 twelve (12) months after the occurrence of a Change in Control.

Appears in 2 contracts

Samples: Employment Agreement (Aastrom Biosciences Inc), Employment Agreement (Aastrom Biosciences Inc)

Change in Control Payment. The provisions of this Section 5 7 set forth certain terms of an agreement reached between the Executive and the Company regarding the Executive’s rights and obligations upon the occurrence of a Change in Control of the Company. These provisions are intended to assure and encourage in advance the Executive’s continued attention and dedication to his assigned duties and his objectivity during the pendency and after the occurrence of any such event. These provisions shall apply in lieu of, and expressly supersede, the provisions of Section 4(b6(b) regarding severance pay and benefits upon a termination of employment, if such termination of employment occurs within 12 twenty-four (24) months after the occurrence of the first event constituting a Change in Control. These provisions shall terminate and be of no further force or effect beginning 12 twenty-four (24) months after the occurrence of a Change in Control.

Appears in 2 contracts

Samples: Employment Agreement (PCSB Financial Corp), Employment Agreement (PCSB Financial Corp)

Change in Control Payment. The provisions of this Section 5 6 set forth certain terms of an agreement reached between the Executive and the Company regarding the Executive’s rights and obligations upon the occurrence of a Change in Control of the Company. These provisions are intended to assure and encourage in advance the Executive’s continued attention and dedication to his her assigned duties and his her objectivity during the pendency and after the occurrence of any such event. These provisions shall apply in lieu of, and expressly supersede, the provisions of Section 4(b5(b) regarding severance pay and benefits upon a termination of employment, if such termination of employment occurs within 12 twelve (12) months after the occurrence of the first event constituting a Change in Control. These provisions shall terminate and be of no further force or effect beginning 12 twelve (12) months after the occurrence of a Change in Control.

Appears in 2 contracts

Samples: Employment Agreement (Cingulate Inc.), Employment Agreement (Cingulate Inc.)

Change in Control Payment. The provisions of this Section 5 set forth certain terms of an agreement reached between the Executive and the Company regarding the Executive’s rights and obligations upon the occurrence of a Change in Control of the Company(as defined below). These provisions are intended to assure and encourage in advance the Executive’s continued attention and dedication to his the Executive’s assigned duties and his the Executive’s objectivity during the pendency and after the occurrence of any such event. These provisions shall apply in lieu of, and expressly supersede, the provisions of Section 4(b) regarding severance pay and benefits upon a termination of employment, if such termination of employment occurs within 12 months after the occurrence of the first event constituting a Change in ControlControl (the “Change in Control Period”). These provisions shall terminate and be of no further force or effect beginning 12 months after the occurrence of a Change in ControlControl Period.

Appears in 2 contracts

Samples: Employment Agreement (Deciphera Pharmaceuticals, Inc.), Employment Agreement (Deciphera Pharmaceuticals, Inc.)

Change in Control Payment. The provisions of this Section 5 set forth certain terms of an agreement reached between the Executive and the Company regarding the Executive’s rights and obligations upon the occurrence of a Change in Control of the Company. These provisions are intended to assure and encourage in advance the Executive’s continued attention and dedication to his assigned duties and his objectivity during the pendency and and/or after the occurrence of any such event. These provisions shall apply in lieu of, and expressly supersede, the provisions of Section 4(b) regarding severance pay and benefits upon a termination of employment, if such termination of employment occurs in connection with or within 12 eighteen (18) months after the occurrence of the first event constituting a Change in Control. These provisions shall terminate and be of no further force or effect beginning 12 eighteen (18) months after the occurrence of a Change in ControlControl if the Executive remains employed with the Company through and at such time.

Appears in 2 contracts

Samples: Employment Agreement (BioDrain Medical, Inc.), Employment Agreement (BioDrain Medical, Inc.)

Change in Control Payment. The provisions of this Section 5 set forth certain terms of an agreement reached between the Executive Employee and the Company regarding the ExecutiveEmployee’s rights and obligations upon the occurrence of a Change in Control of the Company. These provisions are intended to assure and encourage in advance the ExecutiveEmployee’s continued attention and dedication to his her assigned duties and his her objectivity during the pendency and after the occurrence of any such event. These provisions shall apply in lieu of, and expressly supersede, the provisions of Section 4(b) regarding severance pay and benefits upon a termination of employment, if such termination of employment occurs within 12 18 months after the occurrence of the first event constituting a Change in Control. These provisions shall terminate and be of no further force or effect beginning 12 18 months after the occurrence of a Change in Control.

Appears in 2 contracts

Samples: Employment Agreement (SpringWorks Therapeutics, Inc.), Employment Agreement (Scholar Rock Holding Corp)

Change in Control Payment. The provisions of this Section 5 6 set forth certain terms of an agreement reached between the Executive and the Company regarding the Executive’s rights and obligations upon the occurrence of a Change in Control of the Company. These provisions are intended to assure and encourage in advance the Executive’s continued attention and dedication to his her assigned duties and his her objectivity during the pendency and after the occurrence of any such event. These provisions shall apply in lieu of, and expressly supersede, the provisions of Section 4(b) 5 regarding severance pay and benefits upon a termination of employment, if such termination of employment occurs within 12 months after the occurrence of the first event constituting a Change in ControlControl (the “Change in Control Period”). These The provisions in this Section 6 shall terminate and be of no further force or effect beginning 12 months after the occurrence of a Change in ControlControl Period has ended.

Appears in 2 contracts

Samples: Employment Agreement (Axcella Health Inc.), Employment Agreement (Axcella Health Inc.)

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Change in Control Payment. The provisions of this Section 5 set forth certain terms of an agreement reached between the Executive and the Company regarding the Executive’s rights and obligations upon the occurrence of a Change in Control of the Company. These provisions are intended to assure and encourage in advance the Executive’s continued attention and dedication to his or her assigned duties and his or her objectivity during the pendency and after the occurrence of any such event. These provisions shall apply in lieu of, and expressly supersede, the provisions of Section 4(b) regarding severance pay and benefits upon a termination of employment, if such termination of employment occurs within 12 months after the occurrence of the first event constituting a Change in Control. These provisions shall terminate and be of no further force or effect beginning 12 months after the occurrence of a Change in Control.

Appears in 1 contract

Samples: Employment Agreement (Intellia Therapeutics, Inc.)

Change in Control Payment. The provisions of this Section 5 set forth certain terms of an agreement reached between the Executive and the Company regarding the Executive’s rights and obligations upon the occurrence of a Change in Control of the Company. These provisions are intended to assure and encourage in advance the Executive’s continued attention and dedication to his assigned duties and his her objectivity during the pendency and after the occurrence of any such event. These provisions shall apply in lieu of, and expressly supersede, the provisions of Section 4(b) regarding severance pay and benefits upon a termination of employment, if such termination of employment occurs within 12 months after the occurrence of the first event constituting a Change in Control. These provisions shall terminate and be of no further force or effect beginning 12 months after the occurrence of a Change in Control.

Appears in 1 contract

Samples: Employment Agreement (Globoforce LTD)

Change in Control Payment. The provisions of this Section 5 set forth certain terms of an agreement reached between the Executive and the Company regarding the Executive’s rights and obligations upon the occurrence of a Change in Control of the CompanyControl. These provisions are intended to assure and encourage in advance the Executive’s continued attention and dedication to his assigned duties and his objectivity during the pendency and after the occurrence of any such event. These provisions shall apply in lieu of, and expressly supersede, the provisions of Section 4(b) regarding severance pay and benefits upon a termination of employment, if such termination of employment occurs within 12 months after the occurrence of the first event constituting a Change in Control. These provisions shall terminate and be of no further force or effect beginning 12 months after the occurrence of a Change in Control.. ​

Appears in 1 contract

Samples: Employment Agreement (HOOKIPA Pharma Inc.)

Change in Control Payment. The provisions of this Section 5 set forth certain terms of an agreement reached between the Executive and the Company regarding the ​ ​ Executive’s rights and obligations upon the occurrence of a Change in Control of the Company. These provisions are intended to assure and encourage in advance the Executive’s continued attention and dedication to his assigned duties and his objectivity during the pendency and after the occurrence of any such event. These provisions shall apply in lieu of, and expressly supersede, the provisions of Section 4(b) regarding severance pay and benefits upon a termination of employment, if such termination of employment occurs within 12 months after the occurrence of the first event constituting a Change in Control. These provisions shall terminate and be of no further force or effect beginning 12 months after the occurrence of a Change in Control.

Appears in 1 contract

Samples: Management Employment Agreement (HOOKIPA Pharma Inc.)

Change in Control Payment. The provisions of this Section 5 set forth certain terms of an agreement reached between the Executive and the Company regarding the Executive’s rights and obligations upon the occurrence of a Change in Control of the Company. These provisions are intended to assure and encourage in advance the Executive’s continued attention and dedication to his Executive’s assigned duties and his Executive’s objectivity during the pendency and after the occurrence of any such event. These provisions shall apply in lieu of, and expressly supersede, the provisions of Section 4(b) regarding severance pay and benefits upon a termination of employment, if such termination of employment occurs on or within 12 twelve (12) months after the occurrence of the first event constituting a Change in Control. These provisions shall terminate and be of no further force or effect beginning 12 twelve (12) months after the occurrence of a Change in Control.

Appears in 1 contract

Samples: Employment Agreement (Tpi Composites, Inc)

Change in Control Payment. The provisions of this Section 5 6 set forth certain terms of an agreement reached between the Executive and the Company regarding the Executive’s rights and obligations upon the occurrence of a Change in Control of the Company. These provisions are intended to assure and encourage in advance the Executive’s continued attention and dedication to his assigned duties and his objectivity during the pendency and after the occurrence of any such event. These provisions shall apply in lieu of, and expressly supersede, the provisions of Section 4(b5(b) regarding severance pay and benefits upon a termination of employment, if such termination of employment occurs within 12 three (3) months prior to or twelve (12) months after the occurrence of the first event constituting a Change in ControlControl (the “Change in Control Period”). These provisions shall terminate and be of no further force or effect beginning 12 months after the occurrence of a Change in ControlControl Period.

Appears in 1 contract

Samples: Employment Agreement (Karuna Therapeutics, Inc.)

Change in Control Payment. The provisions of this Section 5 set forth certain terms of an agreement reached between the Executive and the Company regarding the Executive’s rights and obligations upon the occurrence of a Change in Control (as defined below) of the Company. These provisions are intended to assure and encourage in advance the Executive’s continued attention and dedication to his assigned duties and his objectivity during the pendency and after the occurrence of any such event. These provisions shall apply in lieu of, and expressly supersede, the provisions of Section 4(b) regarding severance pay and benefits upon a termination of employment, if such termination of employment occurs within 12 the period beginning forty-five (45) days prior to and ending twelve (12) months after the occurrence of the first event constituting a Change in Control. These provisions shall terminate and be of no further force or effect beginning 12 twelve (12) months after the occurrence of a Change in Control.

Appears in 1 contract

Samples: Employment Agreement (GrubHub Inc.)

Change in Control Payment. The provisions of this Section 5 set forth certain terms of an agreement reached between the Executive and the Company regarding the Executive’s 's rights and obligations upon the occurrence of a Change in Control of the Company(as defined below). These provisions are intended to assure and encourage in advance the Executive’s 's continued attention and dedication to his the Executive's assigned duties and his the Executive's objectivity during the pendency and after the occurrence of any such event. These provisions shall apply in lieu of, and expressly supersede, the provisions of Section 4(b) regarding severance pay and benefits upon a termination of employment, if such termination of employment occurs within 12 months after the occurrence of the first event constituting a Change in Control. These provisions shall terminate and be of no further force or effect beginning 12 months after the occurrence of a Change in Control.

Appears in 1 contract

Samples: Employment Agreement (Deciphera Pharmaceuticals, Inc.)

Change in Control Payment. The provisions of this Section 5 set forth certain terms of an agreement reached between the Executive and the Company regarding the Executive’s rights and obligations upon the occurrence of a Change in Control of the Company. These provisions are intended to assure and encourage in advance the Executive’s continued attention and dedication to his her assigned duties and his her objectivity during the pendency and after the occurrence of any such event. These provisions shall apply in lieu of, and expressly supersede, the provisions of Section 4(b) regarding severance pay and benefits upon a termination of employment, if such termination of employment occurs within 12 months after the occurrence of the first event constituting a Change in Control. These provisions shall terminate and be of no further force or effect beginning 12 months after the occurrence of a the first Change in ControlControl following the Transaction.

Appears in 1 contract

Samples: Employment Agreement (2seventy Bio, Inc.)

Change in Control Payment. The provisions of this Section 5 set forth certain terms of an agreement reached between the Executive and the Company regarding the Executive’s rights and obligations upon the occurrence of a Change in Control of the Company. These provisions are intended to assure and encourage in advance the Executive’s continued attention and dedication to his Executive’s assigned duties and his Executive’s objectivity during the pendency and after the occurrence of any such event. These provisions shall apply in lieu of, and expressly supersede, the provisions of Section 4(b) regarding severance pay and benefits upon a termination of employment, if such termination of employment occurs within 12 twelve (12) months after the occurrence of the first event constituting a Change in Control. These provisions shall terminate and be of no further force or effect beginning 12 twelve (12) months after the occurrence of a Change in Control.

Appears in 1 contract

Samples: Employment Agreement (Tpi Composites, Inc)

Change in Control Payment. The provisions of this Section 5 6 set forth certain terms of an agreement reached between the Executive and the Company regarding the Executive’s rights and obligations upon the occurrence of a Change in Control of the Company. These provisions are intended to assure and encourage in advance the Executive’s continued attention and dedication to his assigned duties and his objectivity during the pendency and after the occurrence of any such event. These provisions shall apply in lieu of, and expressly supersede, the provisions of Section 4(b5(b) regarding severance pay and benefits upon a termination of employment, if such termination of employment occurs within 12 months after the occurrence of the first event constituting a Change in Control. These provisions shall terminate and be of no further force or effect beginning 12 months after the occurrence of a Change in Control.

Appears in 1 contract

Samples: Employment Agreement (Alfacell Corp)

Change in Control Payment. The provisions of this Section 5 set forth certain terms of an agreement reached between the Executive and the Company regarding the Executive’s rights and obligations upon the occurrence of a Change in Control of the Company. These provisions are intended to assure and encourage in advance the Executive’s continued attention and dedication to his assigned duties and his objectivity during the pendency and after the occurrence of any such event. These provisions shall apply in lieu of, and expressly supersede, the provisions of Section 4(b) regarding severance pay and benefits upon a termination of employment, if such termination of ​ ​ employment occurs within 12 months after the occurrence of the first event constituting a Change in Control. These provisions shall terminate and be of no further force or effect beginning 12 months after the occurrence of a Change in Control.

Appears in 1 contract

Samples: Stated Employment Agreement (Aytu Biopharma, Inc)

Change in Control Payment. The provisions of this Section 5 set forth certain terms of an agreement reached between the Executive and the Company regarding the Executive’s rights and obligations upon the occurrence of a Change in Control of the Company. These provisions are intended to assure and encourage in advance the Executive’s continued attention and dedication to his assigned duties and his objectivity during the pendency and after the occurrence of any such event. These provisions shall apply in lieu of, and expressly supersede, the provisions of Section 4(b) regarding severance pay and benefits upon a termination of employment, if such termination of employment occurs within 12 18 months after the occurrence of the first event constituting a Change in Control. These provisions shall terminate and be of no further force or effect beginning 12 18 months after the occurrence of a the first Change in ControlControl following the Transaction.

Appears in 1 contract

Samples: Employment Agreement (2seventy Bio, Inc.)

Change in Control Payment. The provisions of this Section 5 set forth certain terms of an agreement reached between the Executive Employee and the Company regarding the ExecutiveEmployee’s rights and obligations upon the occurrence of a Change in Control of the Company. These provisions are intended to assure and encourage in advance the ExecutiveEmployee’s continued attention and dedication to his her assigned duties and his her objectivity during the pendency and after the occurrence of any such event. These provisions shall apply in lieu of, and expressly supersede, the provisions of Section 4(b) regarding severance pay and benefits upon a termination of employment, if such termination of employment occurs within 12 18 months after the occurrence of the first event constituting a Change in Control. These provisions shall terminate and be of no further force or effect beginning 12 18 months after the occurrence of a Change in Control.. ​

Appears in 1 contract

Samples: Employment Agreement (Scholar Rock Holding Corp)

Change in Control Payment. The provisions of this Section 5 set forth certain terms of an agreement reached between the Executive and the Company regarding the Executive’s rights and obligations upon the occurrence of a Change in Control of the Company. These provisions are intended to assure and encourage in advance the Executive’s continued attention and dedication to his assigned duties and his objectivity during the pendency and after the occurrence of any such event. These provisions shall apply in lieu of, and expressly supersede, the provisions of Section 4(b) regarding severance pay and benefits upon a termination of employment, if such termination of employment occurs within 12 months after the occurrence of the first event constituting a Change in Control. These provisions shall terminate and be of no further force or effect beginning 12 months after the occurrence of a Change in Control.. ACTIVE/20613323.14

Appears in 1 contract

Samples: Employment Agreement (Myomo Inc)

Change in Control Payment. The provisions of this Section 5 set forth certain terms of an agreement reached between the Executive and the Company regarding the Executive’s rights and obligations upon the occurrence of a Change in Control of the Company. These provisions are intended to assure and encourage in advance the Executive’s continued attention and dedication to his her assigned duties and his her objectivity during the pendency and after the occurrence of any such event. These provisions shall apply in lieu of, and expressly supersede, the provisions of Section 4(b) regarding severance pay and benefits upon a termination of employment, if such termination of employment occurs within 12 three months prior to or 18 months after the occurrence of the first event constituting a Change in Control. These provisions shall terminate and be of no further force or effect beginning 12 18 months after the occurrence of a Change in Control.

Appears in 1 contract

Samples: Employment Agreement (AVROBIO, Inc.)

Change in Control Payment. The provisions of this Section 5 6 set forth certain terms of an agreement reached between the Executive and the Company regarding the Executive’s rights and obligations upon the occurrence of a Change in Control of the Company. These provisions are intended to assure and encourage in advance the Executive’s continued attention and dedication to his the Executive’s assigned duties and his the Executive’s objectivity during the pendency and after the occurrence of any such event. These provisions shall apply in lieu of, and expressly supersede, the provisions of Section 4(b) 5 regarding severance pay and benefits upon a termination of employment, if such termination of employment occurs within 12 months after the occurrence of the first event constituting a Change in ControlControl (the “Change in Control Period”). These provisions shall terminate and be of no further force or effect beginning 12 months after the occurrence of a Change in ControlControl Period has ended.

Appears in 1 contract

Samples: Employment Agreement (Gemini Therapeutics, Inc. /DE)

Change in Control Payment. The provisions of this Section 5 set forth certain terms of an agreement reached between the Executive and the Company regarding the Executive’s rights and obligations upon the occurrence of a Change in Control of the Company. These provisions are intended to assure and encourage in advance the Executive’s continued attention and dedication to his assigned duties and his objectivity during the pendency and after the occurrence of any such event. These provisions shall apply in lieu of, and expressly supersede, the provisions of Section 4(b) regarding severance pay and benefits upon a termination of employment, if such termination of employment occurs within 12 twenty-four (24) months after the occurrence of the first event constituting a Change in Control. These provisions shall terminate and be of no further force or effect beginning 12 twenty-four (24) months after the occurrence of a Change in Control.

Appears in 1 contract

Samples: Employment Agreement (Amplify Snack Brands, INC)

Change in Control Payment. The provisions of this Section 5 set forth certain terms of an agreement reached between the Executive and the Company regarding the Executive’s rights and obligations upon the occurrence of a Change in Control of the Company. These provisions are intended to assure and encourage in advance the Executive’s continued attention and dedication to his assigned duties and his objectivity during the pendency and after the occurrence of any such event. These provisions shall apply in lieu of, and expressly supersede, the provisions of Section 4(b) regarding severance pay and benefits upon a termination of employment, if such termination of employment occurs within 12 three months after prior to the occurrence of the first event constituting that ultimately leads to a Change in Control or within 18 months after a Change in Control. These provisions shall terminate and be of no further force or effect beginning 12 18 months after the occurrence of a Change in Control.

Appears in 1 contract

Samples: Employment Agreement (Forescout Technologies, Inc)

Change in Control Payment. The provisions of this Section 5 5(h) set forth certain terms of an agreement reached between the Executive and the Company regarding the Executive’s rights and obligations upon the occurrence of a Change in Control of the Company. These provisions are intended to assure and encourage in advance the Executive’s continued attention and dedication to his her assigned duties and his her objectivity during the pendency and after the occurrence of any such event. These provisions shall apply in lieu of, and expressly supersede, the provisions of Section 4(b5(e) regarding severance pay and benefits upon a termination of employment, if such termination of employment occurs within 12 twelve months after the occurrence of the first event constituting a Change in Control. These provisions shall terminate and be of no further force or effect beginning 12 twelve months after the occurrence of a Change in Control.

Appears in 1 contract

Samples: Executive Employment Agreement (Monotype Imaging Holdings Inc.)

Change in Control Payment. The provisions of this Section 5 set forth certain terms of an agreement reached between the Executive and the Company regarding the Executive’s rights and obligations upon the occurrence of a Change in Control of the Company. These provisions are intended to assure and encourage in advance the Executive’s continued attention and dedication to his their assigned duties and his their objectivity during the pendency and after the occurrence of any such event. These provisions shall apply in lieu of, and expressly supersede, the provisions of Section 4(b) regarding severance pay and benefits upon a termination of employment, if such termination of employment occurs within 12 three months prior to or 18 months after the occurrence of the first event constituting a Change in Control. These provisions shall terminate and be of no further force or effect beginning 12 18 months after the occurrence of a Change in Control.

Appears in 1 contract

Samples: Employment Agreement (AVROBIO, Inc.)

Change in Control Payment. The provisions of this Section 5 set forth certain terms of an agreement reached between the Executive and the Company regarding the Executive’s rights and obligations upon the occurrence of a Change in Control of the Company. These provisions are intended to assure and encourage in advance the Executive’s continued attention and dedication to his assigned duties and his objectivity during the pendency and after the occurrence of any such event. These provisions shall apply in lieu of, and expressly supersede, the provisions of Section 4(b) regarding severance pay and benefits upon a termination of employment, if such termination of employment occurs within 12 months after the occurrence of the first event constituting a Change Change. in Control. These provisions shall terminate and be of no further force or effect beginning 12 months after the occurrence of a Change in Control.

Appears in 1 contract

Samples: Employment Agreement (Myomo, Inc.)

Change in Control Payment. The provisions of this Section 5 set forth certain terms of an agreement reached between the Executive and the Company regarding the Executive’s rights and obligations upon the occurrence of a Change in Control of the Company(as defined below). These provisions are intended to assure and encourage in advance the Executive’s continued attention and dedication to his the Executive’s assigned duties and his the Executive’s objectivity during the pendency and after the occurrence of any such event. These provisions shall apply in lieu of, and expressly supersede, the provisions of Section 4(b) regarding Exhibit 10.17 severance pay and benefits upon a termination of employment, if such termination of employment occurs within 12 months after the occurrence of the first event constituting a Change in Control. These provisions shall terminate and be of no further force or effect beginning 12 months after the occurrence of a Change in Control.

Appears in 1 contract

Samples: Employment Agreement (Deciphera Pharmaceuticals, Inc.)

Change in Control Payment. The provisions of this Section 5 set forth certain terms of an agreement reached between the Executive and the Company regarding the Executive’s rights and obligations upon the occurrence of a Change in Control of the Company. These provisions are intended to assure and encourage in advance the Executive’s continued attention and dedication to his assigned duties and his objectivity during the pendency and after the occurrence of any such event. These provisions shall apply in lieu of, and expressly supersede, the provisions of Section 4(b) regarding severance pay and benefits upon a termination of employment, employment if such termination of employment occurs within 12 months after the occurrence of the first event constituting a Change in Control. These provisions shall terminate and be of no further force or effect beginning 12 months after the occurrence of a Change in Control.

Appears in 1 contract

Samples: Employment Agreement (Xeris Pharmaceuticals Inc)

Change in Control Payment. The provisions of this Section 5 set forth certain terms of an agreement additional agreements reached between the Executive and the Company regarding the Executive’s rights and obligations upon the occurrence of a Change in Control of the Company. These provisions are intended to assure and encourage in advance the Executive’s continued attention and dedication to his assigned duties and his objectivity during the pendency and after the occurrence of any such event. These provisions shall apply in lieu of, and expressly supersede, the provisions of Section 4(b) and 4(c) regarding severance pay and benefits upon if a termination of employment, if such termination of employment occurs on or within 12 months after the occurrence of the first event constituting a Change in Control, provided that such Change in Control occurs during the Executive’s employment. These provisions shall terminate and be of no further force or effect beginning 12 twelve (12) months after the occurrence of a Change in Control.

Appears in 1 contract

Samples: Employment Agreement (Brightcove Inc)

Change in Control Payment. The provisions of this Section 5 set forth certain terms of an agreement reached between the Executive and the Company regarding the Executive’s rights and obligations upon the occurrence of a Change in Control of the Company. These provisions are intended to assure and encourage in advance the Executive’s continued attention and dedication to his the Executive’s assigned duties and his the Executive’s objectivity during the pendency and after the occurrence of any such event. These provisions shall apply in lieu of, and expressly supersede, the provisions of Section 4(b) regarding severance pay and benefits upon a termination of employment, if such termination of employment occurs within 12 months after the occurrence of the first event constituting a Change in Control. These provisions shall terminate and be of no further force or effect beginning 12 months after the occurrence of a Change in Control.

Appears in 1 contract

Samples: Employment Agreement (scPharmaceuticals Inc.)

Change in Control Payment. The provisions of this Section 5 set forth certain terms of an agreement additional agreements reached between the Executive Employee and the Company regarding the ExecutiveEmployee’s rights and obligations upon the occurrence of a Change in Control of the Company. These provisions are intended to assure and encourage in advance the ExecutiveEmployee’s continued attention and dedication to his assigned duties and his objectivity during the pendency and after the occurrence of any such event. These provisions shall apply in lieu of, and expressly supersede, the provisions of Section 4(b) regarding severance pay and benefits upon if a termination of employment, if such termination of employment occurs on or within 12 months after the occurrence of the first event constituting a Change in Control, provided that such Change in Control occurs during the Employee’s employment. These provisions shall terminate and be of no further force or effect beginning 12 twelve (12) months after the occurrence of a Change in Control.

Appears in 1 contract

Samples: Employment Agreement (Brightcove Inc)

Change in Control Payment. The provisions of this Section 5 7 set forth certain terms of an agreement reached between the Executive and the Company Employers regarding the Executive’s rights and obligations upon the occurrence of a Change in Control of the CompanyEmployers. These provisions are intended to assure and encourage in advance the Executive’s continued attention and dedication to his assigned duties and his objectivity during the pendency and after the occurrence of any such event. These provisions shall apply in lieu of, and expressly supersede, the provisions of Section 4(b6(b) regarding severance pay and benefits upon a termination of employment, if such termination of employment occurs within 12 twenty-four (24) months after the occurrence of the first event constituting a Change in Control. These provisions shall terminate and be of no further force or effect beginning 12 twenty-four (24) months after the occurrence of a Change in Control.

Appears in 1 contract

Samples: Employment Agreement (Blue Hills Bancorp, Inc.)

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