Common use of Severance Agreement Clause in Contracts

Severance Agreement. As a condition of receipt of any payments under Section 4.2(a)(i), the Executive shall be required to sign a severance agreement and release prepared by and provided by the Company (the “Severance Agreement”) and to abide by the provisions of the Severance Agreement. Among other things, the Severance Agreement shall contain a release and waiver of any claims the employee or his or her representative may have against the Company, its affiliates and/or representatives, and shall release those entities and persons from any liability for such claims including, but not limited to, all employment discrimination claims.

Appears in 2 contracts

Samples: Executive Retention Agreement (Network Engines Inc), Executive Retention Agreement (Network Engines Inc)

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Severance Agreement. As a condition of receipt of any ------------------- payments under Section 4.2(a)(i), the Executive shall be required to sign a severance agreement and release prepared by and provided by the Company (the "Severance Agreement") and to abide by the provisions of the Severance Agreement. Among other things, the Severance Agreement shall contain a release and waiver of any claims the employee or his or her representative may have against the Company, its affiliates and/or representatives, and shall release those entities and persons from any liability for such claims including, but not limited to, all employment discrimination claims.

Appears in 1 contract

Samples: Retention Agreement (Network Engines Inc)

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Severance Agreement. As a condition of receipt of any payments under Section 4.2(a)(i), the Executive shall be required to sign a severance agreement and release prepared by and provided by the Company in the form attached as Exhibit B hereto (the “Severance Agreement”) and to abide by the provisions of the Severance Agreement. Among other things, the Severance Agreement shall contain a release and waiver of any claims the employee or his or her representative may have against the Company, its affiliates and/or representatives, and shall release those entities and persons from any liability for such claims including, but not limited to, all employment discrimination claims.

Appears in 1 contract

Samples: Executive Retention Agreement (Network Engines Inc)

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