Severance Consideration. In consideration of the covenants and promises contained in this Agreement, and as full and final compensation to Executive for all services as an employee of Receptos, Executive shall receive from Receptos (less appropriate deductions and withholdings) the severance payments set forth in Section 6 of Executive’s Amended and Restated Employment Agreement dated September 17, 2013 (as amended to date) (the “Amended Employment Agreement”).
Severance Consideration. In consideration of the covenants and promises contained in this Agreement, and as full and final compensation to Key Employee for all services as an employee of Acer, Key Employee shall receive from Acer (less appropriate deductions and withholdings) the severance payments set forth in Section 6 of Key Employee’s Employment Agreement dated [________ __, 20__] (the “Employment Agreement”). Key Employee shall be fully responsible for all COBRA continuation payments (if any), and such amounts will not be withheld from the Severance Consideration.
Severance Consideration. Employee acknowledges and agrees that the last day of Employee’s employment with the Company was ___________, 2___ (the “Separation Date”). If (a) Employee executes this Agreement on or after the Separation Date and returns it to the Company, care of [NAME] [ADDRESS] [E-MAIL] so that it is received by [NAME] no later than 11:59 p.m., Houston, Texas time on [DATE], (b) does not exercise his revocation rights pursuant to Section 11 below, and (c) abides by Employee’s continuing obligations under the Employment Agreement (including the terms of Sections 8, 9, and 11 thereof), then the Company will provide Employee the Severance Consideration, which Severance Consideration will be provided as set forth Section 6 of the Employment Agreement.
Severance Consideration. Subject to the terms of this Agreement and Executive’s execution of the attached Release (Exhibit B) within 45 days of receipt (and no revocation during the seven-day revocation period described in the Release) and compliance with the terms thereof:
Severance Consideration. In connection with Xx. Xxxxxxx’x termination, MEMC and Xx. Xxxxxxx have agreed to settle all matters relating to Xx. Xxxxxxx’x employment relationship with MEMC and the termination of such relationship. In exchange for Xx. Xxxxxxx’x promises and obligations herein, the parties agree as follows:
Severance Consideration. Subject to Executive's execution of this Agreement (without revocation during the seven-day revocation period described below) and compliance with the terms of this Agreement:
Severance Consideration. In consideration for Employee’s performance of the covenants and obligations hereunder, Employer will provide Employee with (a) a lump sum payment in the amount of $750,000, less applicable taxes and withholdings and (b) reimbursement for the monthly premium cost incurred by Employee to maintain health coverage for Employee (and Employee’s spouse and eligible dependents) for up to 18 months from the Separation Date under Employer’s group health plan for purposes of the Consolidated Omnibus Budget Reconciliation Act of 1985, as amended (“COBRA”), to the extent Employee participated in such plan as of the Separation Date and properly elects such continued coverage under COBRA (the “Severance Payments”). The payment described in clause (a) of the immediately preceding sentence will be paid in a lump sum within fifteen business days after the Effective Date, and the reimbursements described in clause (b) shall be paid on a monthly basis and shall cease upon Employee becoming eligible to participate in a health plan through another employer. Employee acknowledges that Employee has no entitlement to the Severance Payments except as consideration in exchange for the performance of the terms and conditions set forth herein.
Severance Consideration. In return for the general release and waiver of claims in Paragraph 4 and the other provisions of this Agreement, the Company has agreed to provide Employee the following consideration, to which s/he otherwise is not entitled: Severance payment equivalent to [INSERT] months' salary based upon Employee's annual base salary as of the Termination Date (less all applicable deductions), payable in a lump sum within fifteen (15) business days of the effective date, or the date of full execution of this Agreement, whichever is later.
Severance Consideration. In exchange for the execution of this Agreement, and the mutual covenants and promises contained herein, with the exception of those contained in Section 2 and Section 4, the Company agrees as following:
Severance Consideration. In connection with Xx. Xxxxxxxxx’x resignation and termination of employment, SunEdison, SSL and Xx. Xxxxxxxxx have agreed to settle all matters relating to Xx. Xxxxxxxxx’x employment relationship with SSL and the termination of such relationship. In exchange for Xx. Xxxxxxxxx’x promises and obligations herein, the parties agree as follows:
