Common use of Separation Consideration Clause in Contracts

Separation Consideration. In exchange for your agreement to this First Release and your other promises in the Separation Agreement and herein, the Company agrees to provide you with the separation consideration set forth in (and subject to the terms of) Paragraph 3 of the Separation Agreement. By signing below, you acknowledge that you are receiving the separation consideration in exchange for waiving your rights to claims referred to in this First Release and you would not otherwise be entitled to the separation consideration.

Appears in 2 contracts

Sources: Transition and Separation Agreement, Terms of Transition and Separation (Oncogenex Pharmaceuticals, Inc.)