Common use of Termination and Effect of Termination Clause in Contracts

Termination and Effect of Termination. Employee’s employment hereunder is AT WILL and may be terminated at any time by the Company for any reason. In the event of termination of Employee’s employment, the Company shall have no liability to Employee for compensation or benefits except as specified in this Section 1 or as required by the Company’s benefits policy.

Appears in 14 contracts

Sources: Severance Agreement (Pharmacopeia Inc), Severance Agreement (Pharmacopeia Inc), Severance Agreement (Pharmacopeia Inc)

Termination and Effect of Termination. Employee’s employment hereunder is AT WILL and may be terminated at any time by the Company for any reason. In the event of termination of Employee’s employment, the Company shall have no liability to Employee for compensation or benefits except as specified in this Section 1 4 or as required by the Company’s benefits policy.

Appears in 1 contract

Sources: Employment Agreement (Pharmacopeia Inc)