Common use of Severance Package Clause in Contracts

Severance Package. In exchange for the promises set forth herein, Company agrees to provide Employee with the following payments and benefits (“Severance Package”), to which Employee is not otherwise entitled. Employee acknowledges and agrees that this Severance Package constitutes adequate legal consideration for the promises and representations made by Employee in this Separation Agreement.

Appears in 7 contracts

Samples: Separation Agreement (Daegis Inc.), Separation and Severance Agreement (Active Network Inc), Separation Agreement and Release of Claims (U.S. Auto Parts Network, Inc.)

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Severance Package. In exchange for the promises set forth herein, Company agrees to provide Employee with the following payments and benefits (“Severance Package”), to which Employee is not otherwise entitled. Employee acknowledges and agrees that this Severance Package constitutes adequate legal consideration for the promises and representations made by Employee in this Separation Agreement.

Appears in 2 contracts

Samples: Separation and Release Agreement (Evofem Biosciences, Inc.), Separation and Release Agreement (Evofem Biosciences, Inc.)

Severance Package. In exchange for the promises set forth herein, Company agrees to provide Employee with the following payments and benefits (“Severance Package”), ) to which Employee is not otherwise entitled. Employee acknowledges and agrees that this Severance Package constitutes adequate legal consideration for the promises and representations made by Employee in this Separation Agreement.

Appears in 1 contract

Samples: Separation Agreement and General Release (Transdel Pharmaceuticals Inc)

Severance Package. In exchange for the promises set forth herein, the Company agrees to provide Employee with the following payments and benefits to Employee (“Severance Package”), . Employee agrees that this Severance Package shall be in lieu of any payments and benefits to which Employee is not otherwise entitledwould be entitled under the Employment Agreement. Employee further acknowledges and agrees that this the Severance Package constitutes adequate legal consideration for the promises and representations made by Employee in this Separation Agreement, and that Employee would not be entitled to the Severance Package but for this Agreement.

Appears in 1 contract

Samples: Separation Agreement and General Release (Exact Sciences Corp)

Severance Package. In exchange for the promises set forth herein, Company agrees to provide Employee with the following payments and benefits (“Severance Package”)) pursuant to the Employment Agreement, to which Employee is not otherwise entitledentitled absent entering into this Agreement and Employee’s resignation from the Board of Directors of the Company and as an officer or director of any subsidiaries of the Company. Employee acknowledges and agrees that this Severance Package constitutes adequate legal consideration for the promises and representations made by Employee in this Separation Agreement.

Appears in 1 contract

Samples: General Release of Claims (Extreme Networks Inc)

Severance Package. In exchange for the promises set forth herein, The Company agrees to provide Employee with the following payments and benefits (“Severance Package”), to which Employee is not otherwise entitled. Employee acknowledges and agrees that this Severance Package constitutes adequate legal consideration for the promises and representations made by Employee in this Separation Agreement.

Appears in 1 contract

Samples: Confidential Separation Agreement (Infinera Corp)

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Severance Package. In exchange for the promises set forth herein, The Company agrees to provide Employee with the following payments and benefits (“Severance Package”), ) to which Employee is not otherwise entitled. Employee acknowledges and agrees that this Severance Package constitutes adequate legal consideration for the promises and representations made by Employee in this Separation Agreement.

Appears in 1 contract

Samples: Separation Agreement (Infinera Corp)

Severance Package. In Pursuant to the terms of the Employment Agreement, and in exchange for the promises set forth herein, Company agrees to shall provide Employee with the following payments and benefits ("Severance Package”), ") to which Employee is not otherwise entitledentitled absent executing this Separation Agreement. Employee acknowledges and agrees that this Severance Package constitutes adequate legal consideration for the promises and representations made by Employee in this Separation Agreement.

Appears in 1 contract

Samples: Confidential Separation Agreement (Neothetics, Inc.)

Severance Package. In Pursuant to Employment Agreement and in exchange for the promises set forth herein, Company agrees to provide Employee with the following payments and benefits Severance Package described in Employee’s Employment Agreement (“Severance Package”), to which Employee is not otherwise entitledentitled absent executing this Separation Agreement. Employee acknowledges and agrees that this Severance Package constitutes adequate legal consideration for the promises and representations made by Employee in this Separation Agreement.

Appears in 1 contract

Samples: Executive Employment Agreement (Active Network Inc)

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