Common use of Termination Apart from a Change of Control Clause in Contracts

Termination Apart from a Change of Control. If (but without duplication with the provisions set forth above in subsection 4(a)(1)), at any time on or after the Effective Date, the Employee’s employment with the Company terminates as a result of an Involuntary Termination, and the Employee signs and does not revoke the release of claims pursuant to Section 7 hereto, then subject to Section 4(d), the Employee shall be entitled to severance benefits in the form of twelve (12) months of Employee’s base salary as in effect as of the date of termination, less applicable withholding, payable in a lump sum within sixty (60) days following the date of termination.

Appears in 3 contracts

Samples: Change of Control Severance Agreement (Threshold Pharmaceuticals Inc), Change of Control Severance Agreement (Threshold Pharmaceuticals Inc), Change of Control Severance Agreement (Threshold Pharmaceuticals Inc)

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Termination Apart from a Change of Control. If (but without duplication with the provisions set forth above in subsection 4(a)(1)), at any time on or after the Effective Date, ) the Employee’s employment with the Company terminates as a result of an Involuntary Termination, and the Employee signs and does not revoke the release of claims pursuant to Section 7 hereto, then subject to Section 4(d), the Employee shall be entitled to severance benefits in the form of twelve (12) months of Employee’s base salary as in effect as of the date of termination, less applicable withholding, payable in a lump sum within sixty twenty (6020) days following the effective date of terminationthe release of claims pursuant to Section 7.

Appears in 3 contracts

Samples: Change of Control Severance Agreement (Threshold Pharmaceuticals Inc), Change of Control Severance Agreement (Threshold Pharmaceuticals Inc), Change of Control Severance Agreement (Threshold Pharmaceuticals Inc)

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Termination Apart from a Change of Control. If (but without duplication with the provisions set forth above in subsection 4(a)(1)), at any time on or after the Effective DateFebruary 16, 2013, the Employee’s employment with the Company terminates as a result of an Involuntary Termination, and the Employee signs and does not revoke the release of claims pursuant to Section 7 hereto, then subject to Section 4(d), the Employee shall be entitled to severance benefits in the form of twelve (12) months of Employee’s base salary as in effect as of the date of termination, less applicable withholding, payable in a lump sum within sixty twenty (6020) days following the effective date of terminationthe release of claims pursuant to Section 7.

Appears in 1 contract

Samples: Change of Control Severance Agreement (Threshold Pharmaceuticals Inc)

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