Special Severance Payments definition

Special Severance Payments has the meaning set forth in Section 6.12(c).
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Special Severance Payments has the meaning set forth in Section 6.2(a)(ii). Page 22 of 27 (qq) “Subsidiary” means, with respect to the Company, (i) any corporation of which more than 50% of the outstanding capital stock having ordinary voting power to elect a majority of the board of directors of such corporation (irrespective of whether, at the time, stock of any other class or classes of such corporation will have or might have voting power by reason of the happening of any contingency) is at the time, directly or indirectly, Owned by the Company, and (ii) any partnership, limited liability company or other entity in which the Company has a direct or indirect interest (whether in the form of voting or participation in profits or capital contribution) of more than 50%. Page 23 of 27 EXHIBIT A PROPRIETARY INFORMATION AND INVENTIONS AGREEMENT Page 24 of 27 EXHIBIT B GENERAL RELEASE This General Release (this “Release”) is hereby entered into between Neurocrine Biosciences, Inc. (the “Company”) and --- (“Executive”) as a condition of Executive’s receipt of Severance Benefits pursuant to the terms of the Amended and Restated Employment Agreement (the “Employment Agreement”) between Executive and the Company to which this Release is an exhibit. Terms used but not defined herein shall have the meaning given to them in the Employment Agreement: 1.
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Examples of Special Severance Payments in a sentence

  • Such Special Severance Payments shall end upon expiration of the COBRA Payment Period.

  • In the event the terminated Eligible Employee becomes covered under another employer’s group health plan (other than a plan that imposes a preexisting condition exclusion unless the preexisting condition exclusion does not apply) or otherwise ceases to be eligible for COBRA during the period provided in this Section 1(b), then the Eligible Employee must immediately notify the Company of such event, and the Special Severance Payments shall cease.

  • If I am entitled to receive Separation Payments and/or Special Severance Payments pursuant to this Agreement, I will not be eligible for severance or termination payments under any other company plan.

  • The Special Severance Payments shall be made subject to the terms and conditions of this Agreement.

  • The Special Severance Payments will cease on the date of the earlier of: (a) the date one year after the date of my termination of employment; or (b) the date on which I obtain new employment not in conflict with this Agreement (the "Special Severance Period").

  • In the event the terminated Executive becomes covered under another employer’s group health plan (other than a plan that imposes a preexisting condition exclusion unless the preexisting condition exclusion does not apply) or otherwise ceases to be eligible for COBRA during the period provided in this Section 4.4.2.1, then the Executive must immediately notify the Company of such event, and the Special Severance Payments shall cease.

  • The Special Severance Payments shall be paid monthly commencing the month after the Severance Period ends or, if I am not eligible for Separation Payments under Section 10.2, then upon my termination of employment.

  • Notwithstanding the foregoing, in the event the terminated Participant becomes covered under another employer’s group health plan (other than a plan which imposes a preexisting condition exclusion unless the preexisting condition exclusion does not apply) or otherwise ceases to be eligible for COBRA coverage during the period provided in this Section 4.3(b), the Company shall cease payment of its portion of the COBRA premiums or the Special Severance Payments, as applicable.

  • On the 45th day following Executive’s termination of employment, the Company will make the first payment to Executive under this Section 4.1, in a lump sum, equal to the aggregate Special Severance Payments that the Company would have paid to Executive through such date had the Special Severance Payments commenced on the first day of the first month following the termination of employment through such day, with the balance of the Special Severance Payments paid thereafter on the schedule described above.

  • Notwithstanding the foregoing, the parties agree that, in light of the consideration Executive is receiving under this Agreement, Executive shall in no event be eligible to receive any payments pursuant to Section 10 of the Confidentiality Agreement, including but not limited to Special Severance Payments (as defined therein).