Common use of Separation Agreement and Release of Claims Clause in Contracts

Separation Agreement and Release of Claims. The receipt of any severance pursuant to Section 6(a) or (b) will be subject to Executive signing and not revoking a separation agreement and release of claims in a form reasonably satisfactory to the Company (the “Release”) and provided that such Release becomes effective and irrevocable no later than sixty (60) days following the termination date (such deadline, the “Release Deadline”). If the Release does not become effective and irrevocable by the Release Deadline, Executive will forfeit any rights to severance or benefits under this Agreement. In no event will severance payments or benefits be paid or provided until the Release becomes effective and irrevocable.

Appears in 15 contracts

Samples: Executive Employment Agreement (Aadi Bioscience, Inc.), Executive Employment Agreement (Aadi Bioscience, Inc.), Executive Employment Agreement (Aadi Bioscience, Inc.)

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Separation Agreement and Release of Claims. The receipt of any severance pursuant to Section 6(a) or (b1(a) will be subject to Executive signing and not revoking a standard separation agreement and release of claims in a form reasonably satisfactory to with the Company (the “Release”) and provided that such Release becomes effective and irrevocable no later than sixty (60) days following the termination date (such deadline, the “Release Deadline”). If the Release does not become effective and irrevocable by the Release Deadline, Executive will forfeit any rights to severance or benefits under this Agreement. In no event will severance payments or benefits be paid or provided until the Release becomes effective and irrevocable.

Appears in 10 contracts

Samples: Control and Severance Agreement, Change of Control and Severance Agreement (Avinger Inc), Change of Control and Severance Agreement (Avinger Inc)

Separation Agreement and Release of Claims. The receipt of any severance pursuant to Section 6(a8(a) or (b) will be subject to Executive signing and not revoking a separation agreement and release of claims in a form reasonably satisfactory to the Company (the “Release”) and provided that such Release becomes effective and irrevocable no later than sixty (60) days following the termination date (such deadline, the “Release Deadline”). If the Release does not become effective and irrevocable by the Release Deadline, Executive will forfeit any rights to severance or benefits under this Agreement. In no event will severance payments or benefits be paid or provided until the Release becomes effective and irrevocable.

Appears in 10 contracts

Samples: Employment Agreement (Telenav, Inc.), Anish Bhatnagar Employment Agreement (Capnia, Inc.), Uttley Employment Agreement (Telenav, Inc.)

Separation Agreement and Release of Claims. The receipt of any severance payments or benefits pursuant to Section 6(aSections 7(a) or (b7(b) will be subject to Executive signing and not revoking a separation agreement and release of claims in a form reasonably satisfactory to the Company (the “Release”) and provided that such Release becomes effective and irrevocable no later than sixty (60) 60 days following the termination date (such deadline, the “Release Deadline”). If the Release does not become effective and irrevocable by the Release Deadline, Executive will forfeit any rights to severance payments or benefits under this Agreement. In no event will severance payments or benefits be paid or provided until the Release becomes effective and irrevocable.

Appears in 6 contracts

Samples: Employment Agreement (Knightscope, Inc.), Employment Agreement (Knightscope, Inc.), Employment Agreement (Knightscope, Inc.)

Separation Agreement and Release of Claims. The receipt of any severance pursuant to Section 6(a7(a) or (b) will be subject to Executive signing and not revoking a separation agreement and release of claims in a form reasonably satisfactory to the Company (the “Release”) and provided that such Release becomes effective and irrevocable no later than sixty (60) days following the termination date (such deadline, the “Release Deadline”). If the Release does not become effective and irrevocable by the Release Deadline, Executive will forfeit any rights to severance or benefits under this Agreement. In no event will severance payments or benefits be paid or provided until the Release becomes effective and irrevocable.

Appears in 3 contracts

Samples: Executive Employment Agreement (Invitae Corp), Executive Employment Agreement (Invitae Corp), Xuecheng Jin Employment Agreement (Iwatt Inc)

Separation Agreement and Release of Claims. The receipt of any severance pursuant to Section 6(a7(a) or (b) will be subject to Executive signing and not revoking a standard separation agreement and release of claims in a form reasonably satisfactory to with the Company (the “Release”) and provided that such Release becomes effective and irrevocable no later than sixty (60) days following the termination date (such deadline, the “Release Deadline”). If the Release does not become effective and irrevocable by the Release Deadline, Executive will forfeit any rights to severance or benefits under this Agreement. In no event will severance payments or benefits be paid or provided until the Release becomes effective and irrevocable.

Appears in 3 contracts

Samples: Employment Agreement (Andalay Solar, Inc.), Employment Agreement (Andalay Solar, Inc.), Employment Agreement (Andalay Solar, Inc.)

Separation Agreement and Release of Claims. The receipt of any severance payments or benefits pursuant to Section 6(a) or (b) 5 will be subject to Executive signing and not revoking a separation agreement and release of claims in a form reasonably satisfactory to the Company (the “Release”) and provided that such Release becomes effective and irrevocable no later than sixty (60) days following the termination date (such deadline, the “Release Deadline”). If the Release does not become effective and irrevocable by the Release Deadline, Executive will forfeit any rights to severance or benefits under this Agreement. In no event will severance payments or benefits be paid or provided until the Release becomes effective and irrevocable.

Appears in 3 contracts

Samples: Employment Agreement (Viracta Therapeutics, Inc.), Employment Agreement (Viracta Therapeutics, Inc.), Employment Agreement (Viracta Therapeutics, Inc.)

Separation Agreement and Release of Claims. The receipt of any severance pursuant to Section Sections 6(a) or (b) will be subject to Executive signing and not revoking a separation agreement and release of claims agreement in a the form reasonably satisfactory to the Company attached hereto as Exhibit A (the “Release”) and provided that such Release becomes effective and irrevocable no later than sixty (60) days following the termination date (such deadline, the “Release Deadline”). If the Release does not become effective and irrevocable by the Release Deadline, Executive will forfeit any rights to severance or benefits under this Agreement. In no event will severance payments or benefits be paid or provided until the Release becomes effective and irrevocable.

Appears in 3 contracts

Samples: Executive Employment Agreement (Savara Inc), Executive Employment Agreement (Mast Therapeutics, Inc.), Executive Employment Agreement (Mast Therapeutics, Inc.)

Separation Agreement and Release of Claims. The receipt of any severance pursuant to Section 6(a) or (b) 6 will be subject to Executive signing and not revoking a separation agreement and release of claims in a form reasonably satisfactory to the Company (the “Release”) and provided that such Release becomes effective and irrevocable no later than sixty (60) days following the termination date (such deadline, the “Release Deadline”). If the Release does not become effective and irrevocable by the Release Deadline, Executive will forfeit any rights to severance or benefits under this Agreement. In no event will severance payments or benefits be paid or provided until the Release becomes effective and irrevocable.

Appears in 2 contracts

Samples: Executive Employment Agreement (Sunesis Pharmaceuticals Inc), Executive Employment Agreement (Sunesis Pharmaceuticals Inc)

Separation Agreement and Release of Claims. The receipt of any severance pursuant to Section 6(a) or (b) will be subject to Executive signing and not revoking a standard separation agreement and release of claims in a form reasonably satisfactory to with the Company (the “Release”) and provided that such Release becomes effective and irrevocable no later than sixty (60) days following the termination date (such deadline, the “Release Deadline”). If the Release does not become effective and irrevocable by the Release Deadline, Executive will forfeit any rights to severance or benefits under this Agreement. In no event will severance payments or benefits be paid or provided until the Release becomes effective and irrevocable.

Appears in 2 contracts

Samples: Owens Employment Agreement (OvaScience, Inc.), Owens Employment Agreement (OvaScience, Inc.)

Separation Agreement and Release of Claims. The receipt of any severance pursuant to Section 6(a) or (b) 8 will be subject to Executive signing and not revoking a separation agreement and release of claims in a substantially the form reasonably satisfactory to the Company attached hereto as Exhibit A (the “Release”) and provided that such Release becomes effective and irrevocable no later than sixty (60) days following the termination date (such deadline, the “Release Deadline”). If the Release does not become effective and irrevocable by the Release Deadline, Executive will forfeit any rights to severance or benefits under this Agreement. In no event will severance payments or benefits be paid or provided until the Release becomes effective and irrevocable.

Appears in 1 contract

Samples: Separation Agreement and Release (Loyalty Alliance Enterprise Corp)

Separation Agreement and Release of Claims. The receipt of any severance payments or benefits pursuant to Section 6(aSections 7(a) or (b7(b) will be subject to Executive signing and not revoking a separation agreement and release of claims in a form reasonably satisfactory to the Company (the “Release”) and provided that such Release becomes effective and irrevocable no later than sixty (60) 60 days following the termination date (such deadline, the “Release Deadline”). If the Release does not become effective and irrevocable by the Release Deadline, Executive will forfeit any rights to severance payments or benefits under this Agreement. In no event will severance payments or benefits be paid or provided until the Release becomes effective and irrevocable.. ​

Appears in 1 contract

Samples: Employment Agreement (Knightscope, Inc.)

Separation Agreement and Release of Claims. The receipt of any severance pursuant to Section 6(a7(a) or (b7(b) will be subject to Executive signing and not revoking a separation agreement and release of claims in a form reasonably satisfactory to the Company (the “Release”) and provided that such Release becomes effective and irrevocable no later than sixty (60) days following the termination date (such deadline, the “Release Deadline”). If the Release does not become effective and irrevocable by the Release Deadline, Executive will forfeit any rights to severance or benefits under this Agreement. In no event will severance payments or benefits be paid or provided until the Release becomes effective and irrevocable.

Appears in 1 contract

Samples: Executive Employment Agreement (Aadi Bioscience, Inc.)

Separation Agreement and Release of Claims. The receipt of any severance pursuant to Section Sections 6(a) ), (b), or (bc) will be subject to Executive signing and not revoking a separation agreement and release of claims agreement in a the form reasonably satisfactory to the Company attached hereto as Exhibit A (the “Release”) and provided that such Release becomes effective and irrevocable no later than sixty (60) days following the termination date (such deadline, the “Release Deadline”). If the Release does not become effective and irrevocable by the Release Deadline, Executive will forfeit any rights to severance or benefits under this Agreement. In no event will severance payments or benefits be paid or provided until the Release becomes effective and irrevocable.

Appears in 1 contract

Samples: Executive Employment Agreement (Mast Therapeutics, Inc.)

Separation Agreement and Release of Claims. The receipt of any severance pursuant to Section 6(a) or (b) 6 will be subject to Executive Employee signing and not revoking a separation agreement and release of claims in a form reasonably satisfactory to the Company (the “Release”) and provided that such Release becomes effective and irrevocable no later than sixty (60) days following the termination date (such deadline, the “Release Deadline”). If the Release does not become effective and irrevocable by the Release Deadline, Executive Employee will forfeit any rights to severance or benefits under this Agreement. In no event will severance payments or benefits be paid or provided until the Release becomes effective and irrevocable.

Appears in 1 contract

Samples: Employment Agreement (Inventiv Health Inc)

Separation Agreement and Release of Claims. The receipt of any severance pursuant to Section 6(a) or (b4(a) will be subject to Executive Employee signing and not revoking a separation agreement and release of claims in a form reasonably satisfactory to the Company (the “Release”) and provided that such Release becomes effective and irrevocable no later than sixty (60) days following the termination date Termination Date (such deadline, the “Release Deadline”). If the Release does not become effective and irrevocable by the Release Deadline, Executive Employee will forfeit any rights to severance or benefits under this Agreement. In no event will severance payments or benefits be paid or provided until the Release becomes effective and irrevocable.

Appears in 1 contract

Samples: Transition and Retirement Agreement (Harmonic Inc)

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Separation Agreement and Release of Claims. The receipt of any severance pursuant to Section 6(a) or (b7(a) will be subject to Executive signing and not revoking a separation agreement and release of claims in a form reasonably satisfactory agreed to by the Company Parties (the “Release”) and provided that such Release becomes effective and irrevocable no later than sixty (60) 60 days following the termination date (such deadline, the “Release Deadline”). If the Release does not become effective and irrevocable by the Release Deadline, Executive will forfeit any rights to severance or benefits under this Agreement. In no event will severance payments or benefits be paid or provided until the Release becomes effective and irrevocable.

Appears in 1 contract

Samples: Executive Employment Agreement (Infosys LTD)

Separation Agreement and Release of Claims. The receipt of any severance pursuant to Section 6(a) or (b) 5 will be subject to Executive signing and not revoking a standard separation agreement and release of claims in a form reasonably satisfactory to with the Company (the "Release") and provided that such Release becomes effective and irrevocable no later than sixty (60) days following the termination date (such deadline, the "Release Deadline"). If the Release does not become effective and irrevocable by the Release Deadline, Executive will forfeit any rights to severance or benefits under this Agreement. In no event will severance payments or benefits be paid or provided until the Release becomes effective and irrevocable.

Appears in 1 contract

Samples: Executive Employment Agreement (ESSA Pharma Inc.)

Separation Agreement and Release of Claims. The receipt of any severance pursuant to Section 6(a) Sections 6 or (b) 7 will be subject to Executive signing and not revoking a separation agreement and general release of claims in a form reasonably satisfactory to the Company (the “Release”) and provided that such Release becomes effective and irrevocable no later than sixty (60) days following the termination date (such deadline, the “Release Deadline”). If the Release does not become effective and irrevocable by the Release Deadline, Executive will forfeit any rights to severance or benefits under this Agreement. In no event will severance payments or benefits be paid or provided until the Release becomes effective and irrevocable.82723024_2

Appears in 1 contract

Samples: Executive Employment Agreement (LogicBio Therapeutics, Inc.)

Separation Agreement and Release of Claims. The receipt of any severance pursuant to Section 6(a) or (b) will be subject to Executive signing and not revoking a separation agreement and release of claims in a form reasonably satisfactory to the Company (the “Release”) and provided that such Release becomes effective and irrevocable no later than sixty (60) days following the termination date (such date(such deadline, the “Release Deadline”). If the Release does not become effective and irrevocable by the Release Deadline, Executive will forfeit any rights to severance or benefits under this Agreement. In no event will severance payments or benefits be paid or provided until the Release becomes effective and irrevocable.

Appears in 1 contract

Samples: Executive Employment Agreement (Pfenex Inc.)

Separation Agreement and Release of Claims. The receipt payment of any severance pursuant to Section 6(a7(a) and or (b7(b) will be subject to Executive signing and not revoking a separation agreement and release of claims in a form reasonably satisfactory to the Company (the “Release”) and provided that such Release becomes effective and irrevocable no later than sixty (60) days following the termination date (such deadline, the “Release Deadline”). If the Release does not become effective and irrevocable by the Release Deadline, Executive will forfeit any rights to severance or benefits under this Agreement. In no event will severance payments or benefits be paid or provided until the Release becomes effective and irrevocable. The Company shall negotiate the Release in good faith and not unreasonably withhold the Release.

Appears in 1 contract

Samples: Employment Agreement (Constellation Alpha Capital Corp.)

Separation Agreement and Release of Claims. The receipt of any severance pursuant to Section 6(a) or (b7(a) will be subject to Executive signing and not revoking a separation agreement and release of claims in a form reasonably satisfactory agreed to by the Company Parties (the "Release") and provided that such Release becomes effective and irrevocable no later than sixty (60) 60 days following the termination date (such deadline, the "Release Deadline"). If the Release does not become effective and irrevocable by the Release Deadline, Executive will forfeit any rights to severance or benefits under this Agreement. In no event will severance payments or benefits be paid or provided until the Release becomes effective and irrevocable.

Appears in 1 contract

Samples: Executive Employment Agreement (Infosys LTD)

Separation Agreement and Release of Claims. The receipt of any severance pursuant to Section Sections 6(a), 6(b) or (b6(c) will be subject to Executive signing and not revoking a separation agreement and release of claims agreement in a the form reasonably satisfactory to the Company attached hereto as Exhibit A (the “Release”) and provided that such Release becomes effective and irrevocable no later than sixty (60) days following the termination date (such deadline, the “Release Deadline”). If the Release does not become effective and irrevocable by the Release Deadline, Executive will forfeit any rights to severance or benefits under this Agreement. In no event will severance payments or benefits be paid or provided until the Release becomes effective and irrevocable.

Appears in 1 contract

Samples: Executive Employment Agreement (Savara Inc)

Separation Agreement and Release of Claims. The receipt of any severance payments or benefits pursuant to Section 6(a) or (b) 6 will be subject to Executive signing and not revoking a separation agreement and release of claims in a form reasonably satisfactory to the Company (the “Release”) and provided that such Release becomes effective and irrevocable no later than sixty (60) days following the termination date (such deadline, the “Release Deadline”). If the Release does not become effective and irrevocable by the Release Deadline, Executive will forfeit any rights to severance or benefits under this Agreement. In no event will severance payments or benefits be paid or provided until the Release becomes effective and irrevocable.

Appears in 1 contract

Samples: Executive Employment Agreement (Sunesis Pharmaceuticals Inc)

Separation Agreement and Release of Claims. The receipt of any severance pursuant to Section Sections 6(a) or (b6(b) will be subject to Executive signing and not revoking a separation agreement and release of claims agreement in a the form reasonably satisfactory to the Company attached hereto as Exhibit A (the “Release”) and provided that such Release becomes effective and irrevocable no later than sixty (60) days following the termination date (such deadline, the “Release Deadline”). If the Release does not become effective and irrevocable by the Release Deadline, Executive will forfeit any rights to severance or benefits under this Agreement. In no event will severance payments or benefits be paid or provided until the Release becomes effective and irrevocable.

Appears in 1 contract

Samples: Executive Employment Agreement (Savara Inc)

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