Common use of Exclusive Remedy Clause in Contracts

Exclusive Remedy. Except as otherwise expressly required by law (e.g., COBRA) or as specifically provided herein, all of the Executive’s rights to salary, severance, benefits, bonuses and other amounts hereunder (if any) accruing after the termination of Executive’s employment shall cease upon such termination. In the event of a termination of Executive’s employment with the Company, the Executive’s sole remedy shall be to receive the payments and benefits described in this Section 4. In addition, Executive acknowledges and agrees that he or she is not entitled to any reimbursement by the Company for any taxes payable by Executive as a result of the payments and benefits received by Executive pursuant to this Section 4, including, without limitation, any excise tax imposed by Section 4999 of the Code.

Appears in 42 contracts

Samples: Employment Agreement (Santarus Inc), Employment Agreement (Santarus Inc), Employment Agreement (Santarus Inc)

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Exclusive Remedy. Except as otherwise expressly required by law (e.g., COBRA) or as specifically provided herein, all of the Executive’s rights to salary, severance, benefits, bonuses and other amounts hereunder (if any) accruing after the termination of Executive’s employment shall cease upon such termination. In the event of a termination of Executive’s employment with the Company, the Executive’s sole remedy shall be to receive the payments and benefits described in this Section 4. In addition, Executive acknowledges and agrees that he or she is not entitled to any reimbursement by the Company for any taxes payable by Executive as a result of the payments and benefits received by Executive pursuant to this Section 4, including, without limitation, any excise tax imposed by Section Sections 409A and 4999 of the Internal Revenue Code of 1986, as amended (the “Code”).

Appears in 14 contracts

Samples: Employment Agreement (Presidio Property Trust, Inc.), Agreement (Presidio Property Trust, Inc.), Employment Agreement (Presidio Property Trust, Inc.)

Exclusive Remedy. Except as otherwise expressly required by law (e.g., COBRA) or as specifically provided herein, all of the Executive’s rights to salary, severance, benefits, bonuses and other amounts hereunder (if any) accruing after the termination of Executive’s employment shall cease upon such termination. In the event of a termination of Executive’s employment with the Company, the Executive’s sole remedy shall be to receive the payments and benefits described in this Section 4. In addition, Executive acknowledges and agrees that he or she is not entitled to any reimbursement by the Company for any taxes payable by Executive as a result of the payments and benefits received by Executive pursuant to this Section 4, including, without limitation, any excise tax imposed by Section 4999 of the Code.

Appears in 7 contracts

Samples: Employment Agreement (Cadence Pharmaceuticals Inc), Employment Agreement (Cadence Pharmaceuticals Inc), Employment Agreement (Cadence Pharmaceuticals Inc)

Exclusive Remedy. Except as otherwise expressly required by law (e.g., COBRA) or as specifically provided herein, all of the Executive’s 's rights to salary, severance, benefits, bonuses and other amounts hereunder (if any) accruing after the termination of Executive’s 's employment shall cease upon such termination. In the event of a termination of Executive’s 's employment with the Company, the Executive’s 's sole remedy shall be to receive the payments and benefits described in this Section 4. In addition, Executive acknowledges and agrees that he or she is not entitled to any reimbursement by the Company for any taxes payable by Executive as a result of the payments and benefits received by Executive pursuant to this Section 4, including, without limitation, any excise tax imposed by Section 4999 of the CodeInternal Revenue Code of 1986, as amended.

Appears in 7 contracts

Samples: Employment Agreement (Santarus Inc), Employment Agreement (Santarus Inc), Employment Agreement (Santarus Inc)

Exclusive Remedy. Except as otherwise expressly required by law (e.g., COBRA) or as specifically provided herein, all of the Executive’s rights to salary, severance, benefits, bonuses and other amounts hereunder (if any) accruing after the termination of Executive’s employment shall cease upon such termination. In the event of a Executive’s termination of Executive’s employment with the Company, the Executive’s sole remedy shall be to receive the payments and benefits described in this Section 45. In addition, Executive acknowledges and agrees that he or she is not entitled to any reimbursement by the Company for any taxes payable by Executive as a result of the payments and benefits received by Executive pursuant to this Section 45, including, without limitation, any excise tax imposed by Section 4999 of the Code.

Appears in 5 contracts

Samples: Executive Employment Agreement (Generation Alpha, Inc.), Executive Employment Agreement (Generation Alpha, Inc.), Executive Employment Agreement (Solis Tek, Inc./Nv)

Exclusive Remedy. Except as otherwise expressly required by law (e.g., COBRA) or as specifically provided herein, all of the Executive’s rights to salary, severance, benefits, bonuses and other amounts hereunder (if any) accruing after the termination of Executive’s employment shall cease upon such termination. In the event of a termination of Executive’s employment with the Company, the Executive’s sole remedy shall be to receive the payments and benefits described in this Section 45. In addition, Executive acknowledges and agrees that he or she is not entitled to any reimbursement by the Company for any taxes payable by Executive as a result of the payments and benefits received by Executive pursuant to this Section 45, including, without limitation, any excise tax imposed by Section 4999 of the Code.

Appears in 5 contracts

Samples: Interim Employment Agreement (Tivo Inc), Employment Agreement (Tivo Inc), Employment Agreement (Tivo Inc)

Exclusive Remedy. Except as otherwise expressly required by law (e.g., COBRA) or as specifically provided herein, all of the Executive’s rights to salary, severanceseverance pay, benefits, bonuses and other amounts hereunder (if any) accruing after the termination of Executive’s employment shall cease upon such termination. In the event of a Executive’s termination of Executive’s employment with the Company, the Executive’s sole remedy shall be to receive the payments and benefits described in this Section 45. In addition, Executive acknowledges and agrees that he or she is not entitled to any reimbursement by the Company for any taxes payable by Executive as a result of the payments and benefits received by Executive pursuant to this Section 45, including, without limitation, any excise tax imposed by Section 4999 of the Code.

Appears in 5 contracts

Samples: Executive Employment Agreement (Tonix Pharmaceuticals Holding Corp.), Executive Employment Agreement (Tonix Pharmaceuticals Holding Corp.), Executive Employment Agreement (Tonix Pharmaceuticals Holding Corp.)

Exclusive Remedy. Except as otherwise expressly required by law (e.g., COBRA) or as specifically provided herein, all of the Executive’s rights to salary, severance, benefits, bonuses and other amounts hereunder (if any) accruing after the termination of Executive’s employment shall cease upon such termination. In the event of a termination of Executive’s employment with the Company, the Executive’s sole remedy shall be to receive the payments and benefits described in this Section 4Sections 6 and 7 herein. In addition, Executive acknowledges and agrees that he or she Executive is not entitled to any reimbursement by the Company for any taxes payable by Executive as a result of the payments and benefits received by Executive pursuant to this Section 47, including, without limitation, any excise tax imposed by Section 4999 of the Code.

Appears in 4 contracts

Samples: Executive Employment Agreement (Ambrx Biopharma, Inc.), Executive Employment Agreement (Ambrx Biopharma, Inc.), Executive Employment Agreement (Ambrx Biopharma, Inc.)

Exclusive Remedy. Except as otherwise expressly required by law (e.g., COBRA) or as specifically provided herein, all of the Executive’s rights to salary, severance, benefits, bonuses and other amounts hereunder (if any) accruing after the termination of the Executive’s employment shall cease upon such termination. In the event of a termination of the Executive’s employment with the Company, the Executive’s sole remedy shall be to receive the payments and benefits described in this Section 4. In addition, the Executive acknowledges and agrees that he or she is not entitled to any reimbursement by the Company for any taxes payable by the Executive as a result of the payments and benefits received by the Executive pursuant to this Section 4, including, without limitation, any excise tax imposed by Section 409A and Section 4999 of the Internal Revenue Code of 1986, as amended (the “Code”).

Appears in 4 contracts

Samples: Employment Agreement (Presidio Property Trust, Inc.), Employment Agreement (Presidio Property Trust, Inc.), Employment Agreement (Presidio Property Trust, Inc.)

Exclusive Remedy. Except as otherwise expressly required by law (e.g., COBRA) or as specifically provided herein, all of the Executive’s rights to salary, severance, benefits, bonuses and other amounts hereunder (if any) accruing after the termination of Executive’s employment shall cease upon such termination. In the event of a termination of Executive’s employment with the Company, the Executive’s sole remedy shall be to receive the payments and benefits described in Section 4(g) and this Section 45. In addition, Executive acknowledges and agrees that he or she is not entitled to any reimbursement by the Company for any taxes payable by Executive as a result of the payments and benefits received by Executive pursuant to Section 4(g) or this Section 45, including, without limitation, any excise tax imposed by Section 4999 of the Code.

Appears in 3 contracts

Samples: Employment Agreement (Basin Water, Inc.), Employment Agreement (Basin Water, Inc.), Employment Agreement (Basin Water, Inc.)

Exclusive Remedy. Except as otherwise expressly required by law (e.g., COBRA) or as specifically provided herein, all of the Executive’s rights to salary, severance, benefits, bonuses and other amounts hereunder (if any) accruing after the termination of Executive’s employment shall cease upon such termination. In the event of a termination of Executive’s employment with the Company, the Executive’s sole remedy shall be to receive the payments and benefits described in this Section 45. In addition, Executive acknowledges and agrees that he or she is not entitled to any reimbursement by the Company for any taxes payable by Executive as a result of the payments and benefits received by Executive pursuant to this Section 4, including, without limitation, any excise tax imposed by Section 4999 of the Code.

Appears in 3 contracts

Samples: Employment Agreement (Basin Water, Inc.), Employment Agreement (Basin Water, Inc.), Employment Agreement (Basin Water, Inc.)

Exclusive Remedy. Except as otherwise expressly required by law (e.g., COBRA) or as specifically provided herein, all of the Executive’s rights to salary, severance, benefits, bonuses and other amounts hereunder (if any) accruing after the termination of Executive’s employment shall cease upon such termination. In the event of a termination of Executive’s employment with the Company, the Executive’s sole remedy shall be to receive the payments and benefits described in this Section 45. In addition, Executive acknowledges and agrees that he or she is not entitled to any reimbursement by the Company for any taxes payable by Executive as a result of the payments and benefits received by Executive pursuant to this Section 45, including, without limitation, any excise tax imposed by Section 4999 of the Internal Revenue Code of 1986, as amended (the “Code”).

Appears in 2 contracts

Samples: Employment Agreement (Tivo Inc), Employment Agreement (Tivo Inc)

Exclusive Remedy. Except as otherwise expressly required by law (e.g., COBRA) or as specifically provided herein, all of the Executive’s rights to salary, severance, benefits, bonuses and other amounts hereunder (if any) accruing after the termination of Executive’s employment shall cease upon such termination. In the event of a termination of Executive’s employment with the Company, the Executive’s sole remedy shall be to receive the payments and benefits described in this Section 411. In addition, Executive acknowledges and agrees that he or she Executive is not entitled to any reimbursement by the Company for any taxes payable by Executive as a result of the payments and benefits received by Executive pursuant to this Section 411, including, without limitation, any excise tax imposed by Section 4999 of the Code.

Appears in 2 contracts

Samples: Executive Employment Agreement (Ambrx Biopharma Cayman, Inc.), Executive Employment Agreement (New Ambrx Biopharma Inc.)

Exclusive Remedy. Except as otherwise expressly required by law (e.g., COBRA) or as specifically provided herein, all of the Executive’s rights to salary, severance, benefits, bonuses and other amounts hereunder (if any) accruing after the termination of Executive’s employment shall cease upon such termination. In the event of a termination of Executive’s employment with the Company, the Executive’s sole remedy shall be to receive the payments and benefits described in this Section 414. In addition, Executive acknowledges and agrees that he or she is not entitled to any reimbursement by the Company for any taxes payable by Executive as a result of the payments and benefits received by Executive pursuant to this Section 414, including, without limitation, any excise tax imposed by Section 4999 of the Code.

Appears in 2 contracts

Samples: Executive Employment Agreement (Ambrx Biopharma Inc.), Executive Employment Agreement (Ambrx Biopharma Inc.)

Exclusive Remedy. Except as otherwise expressly required by law (e.g., COBRA) or as specifically provided herein, all of the Executive’s rights to salary, severance, benefits, bonuses and other amounts hereunder (if any) accruing after the termination of Executive’s employment shall cease upon such termination. In the event of a termination of Executive’s employment with the Company, the Executive’s sole remedy shall be to receive the payments and benefits described in this Section 41. In addition, . Executive acknowledges and agrees that he or she is not entitled to any reimbursement by the Company for any taxes payable by Executive as a result of the payments and benefits received by Executive pursuant to this Section 41, including, without limitation, any excise tax imposed by Section 4999 of the Code.

Appears in 2 contracts

Samples: And Change in Control Agreement (Ambrx Inc), And Change in Control Agreement (Ambrx Inc)

Exclusive Remedy. Except as otherwise expressly required by law (e.g., COBRA) or as specifically provided herein, all of the Executive’s rights to salary, severance, benefits, bonuses and other amounts hereunder (if any) accruing after the termination of Executive’s employment shall cease upon such termination. In the event of a termination of Executive’s employment with the Company, the Executive’s sole remedy shall be to receive the payments and benefits described in this Section 45. In addition, Executive acknowledges and agrees that he or she is not entitled to any reimbursement by the Company for any taxes payable by Executive as a result of the payments and benefits received by Executive pursuant to this Section 45, including, without limitation, any excise tax imposed by Section 4999 of the CodeInternal Revenue Code of 1986, as amended.

Appears in 2 contracts

Samples: Employment Agreement (Skinmedica Inc), Employment Agreement (Tivo Inc)

Exclusive Remedy. Except as otherwise expressly required by law (e.g., COBRA) or as specifically provided herein, all of the Executive’s rights to salary, severance, benefits, bonuses and other amounts hereunder (if any) accruing after the termination of Executive’s employment shall cease upon such termination. In the event of a termination of Executive’s employment with the Company, the Executive’s sole remedy shall be to receive the payments and benefits described in this Section 45. In addition, Executive acknowledges and agrees that he or she is not entitled to any reimbursement by the Company for any taxes payable by Executive as a result of the payments and benefits received by Executive pursuant to this Section 45, including, without limitation, any excise tax imposed by Section 4999 of the CodeInternal Revenue Code of 1986, as amended.

Appears in 2 contracts

Samples: Employment Agreement (Biocept Inc), Employment Agreement (Skinmedica Inc)

Exclusive Remedy. Except as otherwise expressly required by law (e.g., COBRA) or as specifically provided herein, all of the Executive’s 's rights to salary, severance, benefits, bonuses and other amounts hereunder (if any) accruing after the termination of Executive’s 's employment shall cease upon such termination. In the event of a termination of Executive’s 's employment with the Company, the Executive’s 's sole remedy shall be to receive the payments and benefits described in this Section 45. In addition, Executive acknowledges and agrees that he or she is not entitled to any reimbursement by the Company for any taxes payable by Executive as a result of the payments and benefits received by Executive pursuant to this Section 45, including, without limitation, any excise tax imposed by Section 4999 of the CodeInternal Revenue Code of 1986, as amended.

Appears in 2 contracts

Samples: Employment Agreement (Cancervax Corp), Employment Agreement (Cancervax Corp)

Exclusive Remedy. Except as otherwise expressly required by law (e.g., COBRA) or as specifically provided herein, all of the Executive’s rights to salary, severance, benefits, bonuses and other amounts hereunder (if any) accruing after the termination of Executive’s employment shall cease upon such termination. In the event of a termination of Executive’s employment with the Company, the Executive’s 's sole remedy shall be to receive the payments and benefits described in this Section 4. In addition, Executive acknowledges and agrees that he or she is not entitled to any reimbursement by the Company for any taxes payable by Executive as a result of the payments and benefits received by Executive pursuant to this Section 4, including, without limitation, any excise tax imposed by Section 4999 of the Code.

Appears in 2 contracts

Samples: Employment Agreement (Evoke Pharma Inc), Employment Agreement (Evoke Pharma Inc)

Exclusive Remedy. Except as otherwise expressly required by law (e.g., COBRA) or as specifically provided herein, all of the Executive’s rights to salary, severance, benefits, bonuses and other amounts hereunder (if any) accruing after the termination of Executive’s employment shall cease upon such termination. In the event of a termination of Executive’s employment with the Company, the Executive’s sole remedy shall be to receive the payments and benefits described in this Section 414. In addition, Executive acknowledges and agrees that he or she is not entitled to any reimbursement by the Company for any taxes payable by Executive as a result of the payments and benefits received by Executive pursuant to this Section 414, including, without limitation, any excise tax imposed by Section 4999 of the Code.

Appears in 2 contracts

Samples: Executive Employment Agreement (Ambrx Biopharma Inc.), Executive Employment Agreement (Ambrx Biopharma Inc.)

Exclusive Remedy. Except as otherwise expressly required by law (e.g., COBRA) or as specifically provided herein, all of the Executive’s rights to salary, severance, benefits, bonuses and other amounts hereunder (if any) accruing after the termination of Executive’s employment shall cease upon such termination. In the event of a termination of Executive’s employment with the Company, the Executive’s sole remedy shall be to receive the payments and benefits described in this Section 47. In addition, Executive acknowledges and agrees that he or she is not entitled to any reimbursement by the Company for any taxes payable by Executive as a result of the payments and benefits received by Executive pursuant to this Section 47, including, without limitation, any excise tax imposed by Section 4999 of the Code.

Appears in 2 contracts

Samples: Executive Employment Agreement (Ambrx Inc), Executive Employment Agreement (Ambrx Inc)

Exclusive Remedy. Except as otherwise expressly required by law (e.g., COBRA) or as specifically provided herein, all of the Executive’s rights to salary, severance, benefits, bonuses and other amounts hereunder (if any) accruing after the termination of Executive’s employment shall cease upon such termination. In the event of a termination of Executive’s employment with the Company, the Executive’s sole remedy shall be to receive the payments and benefits described in this Section 41. In addition, Executive acknowledges and agrees that he or she is not entitled to any reimbursement by the Company for any taxes payable by Executive as a result of the payments and benefits received by Executive pursuant to this Section 41, including, without limitation, any excise tax imposed by Section 4999 of the Code.

Appears in 2 contracts

Samples: Severance and Change in Control Agreement (Ambrx Inc), Severance and Change in Control Agreement (Ambrx Inc)

Exclusive Remedy. Except as otherwise expressly required by law (e.g., COBRA) or as specifically provided herein, all of the Executive’s rights to salary, severance, benefits, bonuses and other amounts hereunder (if any) accruing after the termination of Executive’s employment shall cease upon such termination. In the event of a termination of Executive’s employment with the Company, the Executive’s sole remedy shall be to receive the payments and benefits described in this Section 45. In addition, Executive acknowledges and agrees that he or she is not entitled to any reimbursement by the Company for any taxes payable by Executive as a result of the payments and benefits received by Executive pursuant to this Section 4, including, without limitation, any excise tax imposed by Section 4999 of the Code.

Appears in 2 contracts

Samples: Employment Agreement (Basin Water, Inc.), Employment Agreement (Basin Water, Inc.)

Exclusive Remedy. Except as otherwise expressly required by law (e.g., COBRA) or as specifically provided herein, all of the Executive’s rights to salary, severance, benefits, bonuses and other amounts hereunder (if any) accruing after the termination of Executive’s Executive s employment shall cease upon such termination. In the event of a termination of Executive’s employment with the Company, the Executive’s sole remedy shall be to receive the payments and benefits described in this Section 47. In addition, Executive acknowledges and agrees that he or she is not entitled to any reimbursement by the Company for any taxes payable by Executive as a result of the payments and benefits received by Executive pursuant to this Section 47, including, without limitation, any excise tax imposed by Section 4999 of the Code.

Appears in 2 contracts

Samples: Executive Employment Agreement (Ambrx Inc), Executive Employment Agreement (Ambrx Inc)

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Exclusive Remedy. Except as otherwise expressly required by law (e.g., COBRA) or as specifically provided herein, all of the Executive’s rights to salary, severance, benefits, bonuses and other amounts hereunder (if any) accruing after the termination of Executive’s employment shall cease upon such termination. In the event of a termination of Executive’s employment with the Company, the Executive’s sole remedy shall be to receive the payments and benefits described in this Section 4Section. In addition, Executive acknowledges and agrees that he or she is not entitled to any reimbursement by the Company for any taxes payable by Executive as a result of the payments and benefits received by Executive pursuant to this Section 414, including, without limitation, any excise tax imposed by Section 4999 of the Code.

Appears in 1 contract

Samples: Executive Employment Agreement (Ambrx Biopharma Inc.)

Exclusive Remedy. Except as otherwise expressly required by law (e.g., COBRA) or as specifically provided herein, all of the Executive’s rights to salary, severancecompensation, benefits, bonuses and other amounts hereunder (if any) accruing after the termination of Executive’s employment by or service to the Company shall cease upon such termination. In termination and the event related payment of a termination of Executive’s employment with the Company, the Executive’s sole remedy shall be to receive the payments and benefits final paycheck as described in this Section 43(a). In addition, Executive acknowledges and agrees that he or she is not entitled to any reimbursement by the Company for any taxes payable by Executive as a result of the payments and benefits received by Executive pursuant to this Section 43, including, without limitation, any excise tax imposed by Section 4999 of the Internal Revenue Code of 1986, as amended (the “Code”).

Appears in 1 contract

Samples: Employment Transition and Consulting Agreement (BioMed Realty L P)

Exclusive Remedy. Except as otherwise expressly required by law (e.g., COBRA) or as specifically provided herein, all of the Executive’s rights to salary, severance, benefits, bonuses and other amounts hereunder (if any) accruing after the termination of Executive’s employment shall cease upon such termination. In the event of a termination of Executive’s employment with the Company, the Executive’s sole remedy shall be to receive the payments and benefits described in this Section 4. In addition, Executive acknowledges and agrees that he or she is not entitled to any reimbursement by the Company for any taxes payable by Executive as a result of the payments and benefits received by Executive pursuant to this Section 4, including, without limitation, any excise tax imposed by Section 4999 of the CodeInternal Revenue Code of 1986, as amended.

Appears in 1 contract

Samples: Employment Agreement (Santarus Inc)

Exclusive Remedy. Except as otherwise expressly required by law (e.g., COBRA) or as specifically provided herein, all of the Executive’s rights to salary, severance, benefits, bonuses and other amounts hereunder (if any) accruing after the termination of Executive’s employment shall cease upon such termination. In the event of a Executive’s termination of Executive’s employment with the Company, the Executive’s sole remedy shall be to receive the payments and benefits described in this Section 4. In addition, Executive acknowledges and agrees that he or she is not entitled to any reimbursement by the Company for any taxes payable by Executive as a result of the payments and benefits received by Executive pursuant to this Section 4, including, without limitation, any excise tax imposed by Section 4999 of the Code.. Any payments made to Executive under this Section 4 shall be inclusive of any amounts or benefits to which Executive may be

Appears in 1 contract

Samples: Employment Agreement (Zentalis Pharmaceuticals, Inc.)

Exclusive Remedy. Except as otherwise expressly required by law (e.g., COBRA) or as specifically provided herein, all of the Executive’s rights to salary, severancecompensation, benefits, bonuses and other amounts hereunder (if any) accruing after the termination of Executive’s employment by or service to the Company shall cease upon such termination. In the event of a termination of Executive’s employment with by or service to the CompanyCompany under this Agreement, the Executive’s sole remedy shall be to receive the payments and benefits described in this Section 43. In addition, Executive acknowledges and agrees that he or she is not entitled to any reimbursement by the Company for any taxes payable by Executive as a result of the payments and benefits received by Executive pursuant to this Section 43, including, without limitation, any excise tax imposed by Section 4999 of the Code.

Appears in 1 contract

Samples: Employment Transition and Consulting Agreement (BioMed Realty Trust Inc)

Exclusive Remedy. Except as otherwise expressly required by law (e.g., COBRA,COBRA) or as specifically provided herein, all of the Executive’s 's rights to salary, severance, benefits, bonuses and other amounts hereunder (if any) accruing after the termination of Executive’s 's employment shall cease upon such termination. In the event of a Executive's termination of Executive’s employment with the Company, the Executive’s 's sole remedy shall be to receive the payments and benefits described in this Section 45. In addition, Executive acknowledges and agrees that he or she is not entitled to any reimbursement by the Company for any taxes payable by Executive as a result of the payments and benefits received by Executive pursuant to this Section 45, including, without limitation, any excise tax imposed by Section 4999 of the Code.

Appears in 1 contract

Samples: Executive Employment Agreement (AMP Holding Inc.)

Exclusive Remedy. Except as otherwise expressly required by law (e.g., COBRA) or as specifically provided herein, all of the Executive’s rights to salary, severance, benefits, bonuses and other amounts hereunder (if any) accruing after the termination of Executive’s employment shall cease upon such termination. In the event of a Executive’s termination of Executive’s employment with the CompanyCompany Group, the Executive’s sole remedy shall be to receive the payments and benefits described in this Section 4. In addition, Executive acknowledges and agrees that he or she is not entitled to any reimbursement by the Company for any taxes payable by Executive as a result of the payments and benefits received by Executive pursuant to this Section 4, including, without limitation, any excise tax imposed by Section 4999 of the Code.

Appears in 1 contract

Samples: Employment Agreement (Connect Biopharma Holdings LTD)

Exclusive Remedy. Except as otherwise expressly required by law (e.g., COBRA) or as specifically provided herein, all of the Executive’s rights to salary, severance, benefits, bonuses and other amounts hereunder (if any) accruing after the termination of Executive’s employment shall cease upon such termination. In the event of a termination of Executive’s employment with the Company, the Executive’s sole remedy shall be to receive the payments and benefits described in this Section 412. In addition, Executive acknowledges and agrees that he or she Executive is not entitled to any reimbursement by the Company for any taxes payable by Executive as a result of the payments and benefits received by Executive pursuant to this Section 412, including, without limitation, any excise tax imposed by Section 4999 of the Code.

Appears in 1 contract

Samples: Executive Employment Agreement (Ambrx Biopharma Inc.)

Exclusive Remedy. Except as otherwise expressly required by law (e.g., COBRA) or as specifically provided herein, all of the Executive’s rights to salary, severance, benefits, bonuses and other amounts hereunder (if any) accruing after the termination of Executive’s employment shall cease upon such termination. In the event of a Executive’s termination of Executive’s employment with the Company, the Executive’s sole remedy shall be to receive the payments and benefits described in this Section 45. In addition, Executive acknowledges and agrees that he or she is not entitled to any reimbursement by the Company for any taxes payable by Executive as a result of the payments and benefits received by Executive pursuant to this Section 45, including, without limitation, any excise tax imposed by Section 4999 of the Code.

Appears in 1 contract

Samples: Executive Employment Agreement (Solis Tek, Inc./Nv)

Exclusive Remedy. Except as otherwise expressly required by law (e.g., COBRA) or as specifically provided herein, all of the Executive’s rights to salary, severancecompensation, benefits, bonuses and other amounts hereunder (if any) accruing after the termination of Executive’s employment by or service to the Company shall cease upon such termination. In the event of a termination of Executive’s employment with by or service to the CompanyCompany under this Agreement, the Executive’s sole remedy shall be to receive the payments and benefits described in this Section 43. In addition, Executive acknowledges and agrees that he or she is not entitled to any reimbursement by the Company for any taxes payable by Executive as a result of the payments and benefits received by Executive pursuant to this Section 43, including, without limitation, any excise tax imposed by Section 4999 of the Internal Revenue Code of 1986, as amended (the “Code”).

Appears in 1 contract

Samples: Employment Transition and Consulting Agreement (BioMed Realty L P)

Exclusive Remedy. Except as otherwise expressly required by law (e.g., COBRA) or as specifically provided herein, all of the Executive’s 's rights to salary, severance, benefits, bonuses and other amounts hereunder (if any) accruing after the termination of Executive’s 's employment shall cease upon such termination. In the event of a termination of Executive’s 's employment with the Company, the Executive’s 's sole remedy shall be to receive the payments and benefits described in this Section 45. In addition, Executive acknowledges and agrees that he or she is not entitled to any reimbursement by the Company for any taxes payable by Executive as a result of the payments and benefits received by Executive pursuant to this Section 45, including, without limitation, any excise tax imposed by Section 4999 of the CodeInternal Revenue Code of 1986, as amended.

Appears in 1 contract

Samples: Employment Agreement (Cancervax Corp)

Exclusive Remedy. Except as otherwise expressly required by law (e.g., COBRA) or as specifically provided herein, all of the Executive’s rights to salary, severance, benefits, bonuses and other amounts hereunder (if any) accruing after the termination of Executive’s employment shall cease upon such termination. In the event of a termination of Executive’s employment with the Company, the Executive’s sole remedy shall be to receive the payments and benefits described in this Section 4. In addition, Executive acknowledges and agrees that he or she is not entitled to any reimbursement by the Company for any taxes payable by Executive as a result of the payments and benefits received by Executive pursuant to this Section 4, including, without limitation, any excise tax imposed by Section 4999 of the Code.

Appears in 1 contract

Samples: Employment Agreement (Evoke Pharma Inc)

Exclusive Remedy. Except as otherwise expressly required by law (e.g., COBRA) or as specifically provided herein, all of the Executive’s rights to salary, severance, benefits, bonuses and other amounts hereunder (if any) accruing after the termination of Executive’s employment shall cease upon such termination. In the event of a termination of Executive’s employment with the Company, the Executive’s sole remedy shall be to receive the payments and benefits described in this Section 4111. In addition, Executive acknowledges and agrees that he or she Executive is not entitled to any reimbursement by the Company for any taxes payable by Executive as a result of the payments and benefits received by Executive pursuant to this Section 4111, including, without limitation, any excise tax imposed by Section 4999 of the Code.

Appears in 1 contract

Samples: Executive Employment Agreement (Ambrx Biopharma Inc.)

Exclusive Remedy. Except as otherwise expressly required by law (e.g., COBRA) or as specifically provided herein, all of the Executive’s rights to salary, severanceseverance pay, benefits, bonuses and other amounts hereunder (if any) accruing after the termination of Executive’s employment shall cease upon such termination. In the event of a Executive’s termination of Executive’s employment with the Company, the Executive’s sole remedy shall be to receive the payments and benefits described in this Section 45. In addition, Executive acknowledges and agrees that he or she is not entitled to any reimbursement by the Company for any taxes payable by Executive as a result of the payments and benefits received by Executive pursuant to this Section 45, including, without limitation, any excise tax imposed by Section 4999 of the Code.

Appears in 1 contract

Samples: Executive Employment Agreement (Tonix Pharmaceuticals Holding Corp.)

Exclusive Remedy. Except as otherwise expressly required by law (e.g., COBRA) or as specifically provided herein, all of the Executive’s rights to salary, severancecompensation, benefits, bonuses and other amounts hereunder (if any) accruing after the termination of Executive’s employment by the Company shall cease upon such termination. In the event of a termination of Executive’s employment with by the CompanyCompany under this Agreement, the Executive’s sole remedy shall be to receive the payments and benefits described in this Section 42. In addition, Executive acknowledges and agrees that he or she is not entitled to any reimbursement by the Company for any taxes payable by Executive as a result of the payments and benefits received by Executive pursuant to this Section 42, including, without limitation, any excise tax imposed by Section 4999 of the Internal Revenue Code of 1986, as amended (the “Code”).

Appears in 1 contract

Samples: Employment Transition Agreement (Innovative Industrial Properties Inc)

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