TPTX » Topics » Change in Control and Severance Benefits.

This excerpt taken from the TPTX DEF 14A filed Apr 24, 2008.
Change in Control and Severance Benefits.    Change in control arrangements are designed to retain executives and provide continuity of management in the event of a change in control. We have entered into employment agreements with our Chief Executive Officer, our Chief Operating Officer and our Chief Financial Officer. These agreements are described in more detail elsewhere in the prospectus, including the section titled “Executive Employment Agreements”. These agreements provide for severance compensation to be paid if the executives are terminated under certain conditions, such as a termination following a change in control or a termination without cause by us, each as set forth in the applicable agreement.

 

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This excerpt taken from the TPTX DEF 14A filed Apr 23, 2007.
Change in Control and Severance Benefits.   Change in control arrangements are designed to retain executives and provide continuity of management in the event of a change in control. Following the Merger, we entered into employment agreements with our Chief Executive Officer, our Chief Operating Officer and our Chief Financial Officer. These agreements are described in more detail elsewhere in the prospectus, including the section titled “Executive Employment Agreements”. These agreements provide for severance compensation to be paid if the executives are terminated under certain conditions, such as a termination following a change in control or a termination without cause by us, each as set forth in the applicable agreement.

"Change in Control and Severance Benefits." elsewhere:

Sunesis Pharmaceuticals (SNSS)
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