Common use of Severance Compensation Clause in Contracts

Severance Compensation. If your employment is terminated either by you with Good Reason within 12 months following a Change of Control, or by the Company without Cause within 3 months preceding or within 12 months following a Change of Control, subject to your executing and delivering to the Company, and not revoking, a release of claims in a form acceptable to the Company (the “Release”) within the 30-day period following your termination of employment:

Appears in 14 contracts

Samples: Change of Control Severance Agreement (T2 Biosystems, Inc.), T2 Biosystems, Inc., T2 Biosystems, Inc.

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Severance Compensation. If your employment is terminated either by you with Good Reason within 12 months following a Change of Control, or by the Company without Cause within 3 months preceding or within 12 months following a Change of Control, subject to your executing and delivering to the Company, and not revoking, a release of claims in a form acceptable to the Company (the "Release") within the 30-day period following your termination of employment:

Appears in 1 contract

Samples: Change of Control Severance Agreement (T2 Biosystems, Inc.)

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