Common use of Employment Term Clause in Contracts

Employment Term. The Company and the Executive desire to continue their employment relationship, pursuant to this Agreement commencing as of the date hereof and continuing in effect until terminated by either party in accordance with this Agreement (the “Term”). The Executive’s employment with the Company will continue to be “at will,” meaning that the Executive’s employment may be terminated by the Company or the Executive at any time and for any reason subject to the terms of this Agreement. If the Executive’s employment with the Company is terminated for any reason during the Term, the Company shall pay or provide to the Executive (or to his authorized representative or estate) any earned but unpaid base salary, unpaid expense reimbursements, accrued but unused vacation and any vested benefits the Executive may have under any employee benefit plan of the Company (the “Accrued Benefit”).

Appears in 14 contracts

Samples: Employment Agreement (Esperion Therapeutics, Inc.), Employment Agreement (Jounce Therapeutics, Inc.), Employment Agreement (Esperion Therapeutics, Inc.)

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Employment Term. The Company and the Executive desire to continue their employment relationship, pursuant to this Agreement commencing as of the date hereof and continuing in effect until terminated by either party in accordance with this Agreement (the “Term”). The Executive’s employment with the Company will continue to be “at will,” meaning that the Executive’s employment may be terminated by the Company or the Executive at any time and for any reason subject to the terms of this Agreement. If the Executive’s employment with the Company is terminated for any reason during the Termreason, the Company shall pay or provide to the Executive (or to his authorized representative or estate) any earned but unpaid base salaryBase Salary (as defined below), unpaid expense reimbursementsreimbursements in accordance with Company policy, accrued but unused vacation vacation, if any, and any vested benefits the Executive may have under any employee benefit plan of the Company (collectively, the “Accrued BenefitObligations”).

Appears in 4 contracts

Samples: Employment Agreement (Surface Oncology, Inc.), Employment Agreement (Surface Oncology, Inc.), Employment Agreement (Surface Oncology, Inc.)

Employment Term. The Company and the Executive desire to continue their employment relationship, pursuant to this Agreement commencing as of the date hereof and continuing in effect until terminated by either party in accordance with this Agreement (the “Term”). The Executive’s employment with the Company will continue to be “at will,” meaning that the Executive’s employment may be terminated by the Company or the Executive at any time and for any reason subject to the terms of this Agreement. If the Executive’s employment with the Company is terminated for any reason during the Term, the Company shall pay or provide to the Executive (or to his her authorized representative or estate) any earned but unpaid base salary, unpaid expense reimbursements, accrued but unused vacation and any vested benefits the Executive may have under any employee benefit plan of the Company (the “Accrued Benefit”).

Appears in 4 contracts

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

Employment Term. The Company and the Executive desire to continue their employment relationship, pursuant to this Agreement commencing as of the date hereof Effective Date and continuing in effect until terminated by either party in accordance with this Agreement (the “Term”). The Executive’s employment with the Company will continue to be “at will,” meaning that the Executive’s employment may be terminated by the Company or the Executive at any time and for any reason subject to the terms of this Agreement. If the Executive’s employment with the Company is terminated for any reason during the Term, the Company shall pay or provide to the Executive (or to his authorized representative or estate) any earned but unpaid base salary, unpaid expense reimbursements, accrued but unused vacation and any vested benefits the Executive may have under any employee benefit plan of the Company (the “Accrued Benefit”).

Appears in 3 contracts

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

Employment Term. The Company and the Executive desire to continue their employment relationship, pursuant to this Agreement commencing as of the date hereof Effective Date and continuing in effect until terminated by either party in accordance with this Agreement (the “Term”). The Executive’s employment with the Company will continue to be “at will,” meaning that the Executive’s employment may be terminated by the Company or the Executive at any time and for any reason subject to the terms of this Agreement. If the Executive’s employment with the Company is terminated for any reason during the Term, the Company shall pay or provide to the Executive (or to his her authorized representative or estate) any earned but unpaid base salary, unpaid expense reimbursements, accrued but unused vacation and any vested benefits the Executive may have under any employee benefit plan of the Company (the “Accrued Benefit”).

Appears in 3 contracts

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

Employment Term. The Company and the Executive desire to continue their employment relationship, pursuant to this Agreement commencing as of the date hereof and continuing in effect until terminated by either party in accordance with this Agreement (the “Term”). The Executive’s employment with the Company will continue to be “at will,” meaning that the Executive’s employment may be terminated by the Company or the Executive at any time and for any reason subject to the terms of this Agreement. If the Executive’s employment with the Company is terminated for any reason during the Term, the Company shall pay or provide to the Executive (or to his the Executive’s authorized representative or estate) any earned but unpaid base salary, unpaid expense reimbursements, accrued but unused vacation PTO (as defined below) and any vested benefits the Executive may have under any employee benefit plan of the Company (the “Accrued Benefit”).

Appears in 3 contracts

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

Employment Term. The Company and the Executive desire to continue their enter into an employment relationship, pursuant to this Agreement commencing as of the date hereof and continuing in effect until terminated by either party in accordance with this Agreement (the “Term”). The Executive’s employment with the Company will continue to be “at will,” meaning that the Executive’s employment may be terminated by the Company or the Executive at any time and for any reason subject to the terms of this Agreement. If the Executive’s employment with the Company is terminated for any reason during the Term, the Company shall pay or provide to the Executive (or to his authorized representative or estate) any earned but unpaid base salary, unpaid expense reimbursements, accrued but unused vacation and any vested benefits the Executive may have under any employee benefit plan of the Company (the “Accrued Benefit”).

Appears in 2 contracts

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

Employment Term. The Company and the Executive desire to continue that their employment relationship, pursuant to relationship be governed by this Agreement commencing as of the date hereof Effective Date and continuing in effect until terminated by either party in accordance with this Agreement (the “Term”). The At all times during the Term, the Executive’s employment with the Company will continue to be “at at-will,” meaning that the Executive’s employment may be terminated by the Company or the Executive at any time and for any reason subject to the terms of this Agreement. If the Executive’s employment with the Company is terminated for any reason during the Term, the Company shall pay or provide to the Executive (or to his authorized representative or estate) any earned but unpaid base salaryBase Salary (as defined below), unpaid expense reimbursements, accrued but unused vacation and any vested benefits the Executive may have under any employee benefit plan of the Company (the “Accrued Benefit”).

Appears in 1 contract

Samples: Employment Agreement (Aptinyx Inc.)

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Employment Term. The Company and the Executive desire to continue their enter an employment relationship, pursuant to this Agreement commencing as of the date hereof Start Date and continuing in effect until terminated by either party in accordance with this Agreement (the "Term"). The Executive’s 's employment with the Company will continue to be "at will," meaning that the Executive’s 's employment may be terminated by the Company or the Executive at any time and for any reason subject to the terms of this Agreement. If the Executive’s 's employment with the Company is terminated for any reason during the Term, the Company shall pay or provide to the Executive (or to his authorized representative or estate) any earned but unpaid base salary, unpaid expense reimbursements, accrued but unused vacation and any vested benefits the Executive may have under any employee benefit plan of the Company (the "Accrued Benefit").

Appears in 1 contract

Samples: Employment Agreement (Esperion Therapeutics, Inc.)

Employment Term. The Company and the Executive desire to continue their employment relationship, pursuant to this Agreement commencing as of the date hereof and continuing in effect until terminated by either party in accordance with this Agreement (( the "Term"). The Executive’s 's employment with the Company will continue to be "at will," meaning that the Executive’s 's employment may be terminated by the Company or the Executive at any time and for any reason subject to the terms of this Agreement. If the Executive’s 's employment with the Company is terminated for any reason during the Term, the th� Company shall pay or provide to the Executive (or to his the Executive's authorized representative or estate) any earned but unpaid base salary, unpaid expense reimbursements, accrued but unused vacation PTO (as defined below) and any vested benefits the Executive may have under any employee benefit plan of the Company (the "Accrued Benefit"). 2.

Appears in 1 contract

Samples: Employment Agreement (Jounce Therapeutics, Inc.)

Employment Term. The Company and the Executive desire to continue their employment relationship, pursuant to this Agreement commencing as of the date hereof and continuing in effect until terminated by either party in accordance with this Agreement (the “Term”). The Executive’s employment with the Company will continue to be “at will,” meaning that the Executive’s employment may be terminated by the Company or the Executive at any time and for any reason subject to the terms of this Agreement. If the Executive’s employment with the Company is terminated for any reason during the Termreason, the Company shall pay or provide to the Executive (or to his authorized representative or estate) any earned but unpaid base salaryBase Salary (as defined below), unpaid expense reimbursementsreimbursements in accordance with Company policy, accrued but unused vacation vacation, if any and any vested benefits the Executive may have under any employee benefit plan of the Company (collectively, the “Accrued BenefitObligations”).

Appears in 1 contract

Samples: Employment Agreement (Surface Oncology, Inc.)

Employment Term. The Company and the Executive desire to continue their employment relationship, relationship pursuant to this Agreement commencing as of the date hereof Effective Date and continuing in effect until terminated by either party in accordance with this Agreement (the “Term”). The Executive’s employment with the Company will continue to be “at will,” meaning that the Executive’s employment may be terminated by the Company or the Executive at any time and for any reason subject to the terms of this Agreement. If the Executive’s employment with the Company is terminated for any reason during the Termreason, the Company shall pay or provide to the Executive (or to his her authorized representative or estate) any earned but unpaid base salaryBase Salary (as defined below), unpaid expense reimbursementsreimbursements in accordance with Company policy, accrued but unused vacation vacation, if any, and any vested benefits the Executive may have under any employee benefit plan of the Company (collectively, the “Accrued BenefitObligations”).

Appears in 1 contract

Samples: Employment Agreement (Surface Oncology, Inc.)

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