Common use of Transition Period and Separation Clause in Contracts

Transition Period and Separation. Your employment with the Company will end on December 6, 2013 (the "Separation Date"). Provided that your employment does not end earlier through resignation or otherwise, from the date of this letter through your Separation Date (“Transition Employment Period”), you will continue working if your supervisor so requires, will continue to receive your regular base pay, subject to applicable payroll withholdings, and will continue to receive benefits for which you are eligible under the Company’s benefit plans, including the accrual of vacation days. Upon your Separation Date, Biogen Idec will pay you all unpaid wages due through that date, including all accrued but unused vacation. You agree that with these payments, Biogen Idec will have paid you all compensation, wages, bonuses, and/or commissions due in connection with your employment or the termination of your employment. Unless otherwise provided for in this Agreement, benefits which have vested under any other employee benefit plan of the Company on or before the Separation Date will be managed in accordance with and subject to the terms and conditions of such plans. Your last day of required work (your “Last Work Day”) is the date on which you will be required to turn in your Company property.

Transition Period and Separation. Your employment with the Company will end on December 6February 29, 2013 2016 (the "Separation Date"). Provided , provided that your employment does not end earlier through resignation or otherwise, you comply with Company rules and policies (as determined by the Company) from the date of you received this letter Agreement through your Separation Date (“"Transition Employment Period”"). Provided that you comply with Company rules and policies (as determined by the Company) during the Transition Employment Period, you will continue working if your supervisor so requiresas at present, will continue to receive your regular base paypay and any 2015 annual bonus determined by the Company in accordance with the Company's annual bonus plan for executive vice presidents, subject to applicable payroll withholdings, and will continue to receive benefits for which you are eligible under the Company’s 's benefit plans, including the accrual of vacation days. Upon your Separation Date, Biogen Idec will pay you all unpaid wages due through that date, including all accrued but unused vacation. You agree that with these payments, Biogen Idec will have paid you all compensation, wages, bonuses, and/or commissions due in connection with your employment or the termination of your employment. Unless otherwise provided for in this Agreement, benefits which have vested under any other employee benefit plan of the Company on or before the Separation Date will be managed in accordance with and subject to the terms and conditions of such plans. Your last day of required work (your “"Last Work Day”") is the date on which you will be required to turn in your Company property.