Common use of Conditions to Payment Clause in Contracts

Conditions to Payment. All payments and benefits due to Executive under this Section 6 that are not otherwise required by law shall only be payable if (i) Executive (or Executive’s beneficiary or estate) delivers to the Company and does not revoke (under the terms of applicable law) a general release of all claims in the form attached hereto as Exhibit 6.6 (the “General Release”), provided, that, if necessary, such General Release may be updated and revised to comply with applicable law or as the Company determines is necessary or appropriate to achieve its intent and (ii) such General Release shall be executed and delivered (and no longer subject to revocation) within sixty (60) days following termination. Failure to timely execute and return such General Release, or revocation thereof, shall be a waiver by Executive of Executive’s right to severance. In addition, severance shall be conditioned on Executive’s compliance with Section 8 hereof as provided in Section 9 below.

Appears in 4 contracts

Samples: Employment Agreement (Osmotica Pharmaceuticals PLC), Employment Agreement (Osmotica Pharmaceuticals LTD), Employment Agreement (Osmotica Pharmaceuticals PLC)

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Conditions to Payment. All payments and benefits due to Executive under this Section 6 that 6, other than the payments due to Executive under Sections 6.1(a), (d), and (f) or which are not otherwise required by law (all other payments under Section 6, “Severance”), shall only be payable if (i) Executive (or Executive’s beneficiary or estate) delivers to the Company and does not revoke (under the terms of applicable law) a general release of all claims substantially in the form attached hereto as Exhibit 6.6 (the “General Release”), provided, that, if necessary, such General Release may be updated and revised to comply with applicable law or as the Company determines is necessary or appropriate to achieve its intent and (ii) such General Release A. Such general release shall be executed and delivered (and no longer subject to revocation) within sixty fifty-five (6055) days following termination. Failure to timely execute and return such General Release, release or revocation thereof, thereof shall be a waiver by Executive of Executive’s right to severancereceive any Severance. In addition, severance Severance shall be conditioned on Executive’s compliance with Section 8 hereof as provided in Section 9 belowhereof.

Appears in 3 contracts

Samples: Employment Agreement (Sidus Space Inc.), Employment Agreement (Sidus Space Inc.), Employment Agreement (Sidus Space Inc.)

Conditions to Payment. All payments and benefits due to Executive under this Section 6 that 6, other than the payments due to Executive under Sections 6.1(a), (d), and (f) or which are not otherwise required by law (all other payments under Section 6, “Severance”), shall only be payable if (i) Executive (or Executive’s beneficiary or estate) delivers to the Company and does not revoke (under the terms of applicable law) a general release of all claims substantially in the form attached hereto as Exhibit 6.6 (the “General Release”), provided, that, if necessary, such General Release may be updated and revised to comply with applicable law or as the Company determines is necessary or appropriate to achieve its intent and (ii) such General Release B. Such general release shall be executed and delivered (and no longer subject to revocation) within sixty fifty-five (6055) days following termination. Failure to timely execute and return such General Release, release or revocation thereof, thereof shall be a waiver by Executive of Executive’s right to severancereceive any Severance. In addition, severance Severance shall be conditioned on Executive’s compliance with Section 8 hereof as provided in Section 9 belowhereof.

Appears in 2 contracts

Samples: Employment Agreement (Unicycive Therapeutics, Inc.), Employment Agreement (Unicycive Therapeutics, Inc.)

Conditions to Payment. All payments and benefits due to Executive under this Section 6 that are not otherwise required by law shall only be payable if (i) Executive (or Executive’s beneficiary or estate) delivers to the Company and does not revoke (under the terms of applicable law) a general release of all claims in the form attached hereto as Exhibit 6.6 (the “General Release”), provided, that, if necessary, such General Release may be updated and revised to comply with applicable law or as the Company determines is necessary or appropriate to achieve its intent and (ii) such General Release shall be executed and delivered (and no longer subject to revocation) within sixty (60) days following termination. Failure to timely execute and return such General Release, or revocation thereof, shall be a waiver by Executive of Executive’s right to severance. In addition, severance shall be conditioned on Executive’s compliance with Section 8 hereof as provided in Section 9 below.

Appears in 2 contracts

Samples: Employment Agreement (Osmotica Pharmaceuticals LTD), Employment Agreement (Osmotica Pharmaceuticals PLC)

Conditions to Payment. All payments and benefits due to Executive under this Section 6 that which are not otherwise required by law shall only be payable if (i) Executive (or Executive’s beneficiary or estate) delivers to the Company and does not revoke (under the terms of applicable law) a general release of all claims claims, as set out in the Company’s standard general release for Executives and in the form attached hereto as Exhibit 6.6 (the “General Release”)A, provided, that, if necessary, such General Release general release may be updated and revised to comply with applicable law or as the Company determines is necessary or appropriate to achieve its intent and (ii) such General Release intent. Such general release shall be executed and delivered (and no longer subject to revocation) within sixty (60) days following termination. Failure to timely execute and return such General Release, release or revocation thereof, thereof shall be a waiver by Executive of Executive’s right to severance. In addition, severance shall be conditioned on Executive’s compliance with Section 8 hereof as provided in Section 9 below.

Appears in 2 contracts

Samples: Employment Agreement (Comverse, Inc.), Employment Agreement (Comverse, Inc.)

Conditions to Payment. All The payments and benefits due to Executive under this Section 6 that are not otherwise required by law Sections 6.1(b), (c), (d) and (e) hereof shall only be payable if (i) Executive (or Executive’s beneficiary or estate) delivers to the Company and does not revoke (under the terms of applicable law) a general release of all claims claims, substantially in the form set out in the Company’s standard general release for Executives and attached hereto as Exhibit 6.6 (the “General Release”)A, provided, that, if necessary, such General Release general release may be updated and revised to achieve its intent, including to comply with applicable law or as the Company determines is necessary or appropriate to achieve its intent and (ii) such General Release law. Such general release shall be executed and delivered (and no longer subject to revocation) within sixty (60) days following termination. Failure to timely execute and return such General Release, release or revocation thereof, thereof shall be a waiver by Executive of Executive’s right to severance. In addition, severance continued payment of the amounts in Section 6.1(c) shall be conditioned on Executive’s continued compliance with Section 8 hereof as provided in Section 9 below.

Appears in 1 contract

Samples: Employment Agreement (Moneygram International Inc)

Conditions to Payment. All The payments and benefits due to Executive under this Sections 6.1(b), (c), (d) and (e) and Section 6 that are not otherwise required by law 6.2 hereof shall only be payable if (i) Executive (or Executive’s beneficiary or estate) delivers to the Company and does not revoke (under the terms of applicable law) a general release of all claims claims, substantially in the form set out in the Company’s standard general release for Executives and attached hereto as Exhibit 6.6 (the “General Release”)A, provided, that, if necessary, such General Release general release may be updated and revised to achieve its intent, including to comply with applicable law or as the Company determines is necessary or appropriate to achieve its intent and (ii) such General Release law. Such general release shall be executed and delivered (and no longer subject to revocation) within sixty (60) days following termination. Failure to timely execute and return such General Release, release or revocation thereof, thereof shall be a waiver by Executive of Executive’s right to severance. In addition, severance continued payment of the amounts in Section 6.1(c) shall be conditioned on Executive’s continued compliance with Section 8 hereof as provided in Section 9 below.

Appears in 1 contract

Samples: Employment Agreement (Moneygram International Inc)

Conditions to Payment. All payments and benefits due to Executive under this Section 6 that which are not otherwise required by law shall only be payable if (i) Executive (or Executive’s beneficiary or estate) delivers to the Company and does not revoke (under the terms of applicable law) a general release of all claims claims, substantially in the form set out in the Company’s standard general release for Executives and attached hereto as Exhibit 6.6 (the “General Release”)B, provided, that, if necessary, such General Release general release may be updated and revised to achieve its intent, including to comply with applicable law or as the Company determines is necessary or appropriate to achieve its intent and (ii) such General Release law. Such general release shall be executed and delivered (and no longer subject to revocation) within sixty (60) days following termination. Failure to timely execute and return such General Release, release or revocation thereof, thereof shall be a waiver by Executive of Executive’s right to severance. In addition, severance shall be conditioned on Executive’s compliance with Section 8 hereof as provided in Section 9 below.

Appears in 1 contract

Samples: Employment Agreement (Moneygram International Inc)

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Conditions to Payment. All payments and benefits due to Executive under this Section 6 that which are not otherwise required by law shall only be payable if (i) Executive (or Executive’s 's beneficiary or estate) delivers to the Company and does not revoke (under the terms of applicable law) a general release of all claims claims, as set out in the Company's standard general release for Executives and in the form attached hereto as Exhibit 6.6 (the “General Release”)A, provided, that, if necessary, such General Release general release may be updated and revised to comply with applicable law or as the Company determines is necessary or appropriate to achieve its intent and (ii) such General Release intent. Such general release shall be executed and delivered (and no longer subject to revocation) within sixty (60) days following termination. Failure to timely execute and return such General Release, release or revocation thereof, thereof shall be a waiver by Executive of Executive’s 's right to severance. In addition, severance shall be conditioned on Executive’s 's compliance with Section 8 hereof as provided in Section 9 below.

Appears in 1 contract

Samples: Employment Agreement (Comverse Technology Inc/Ny/)

Conditions to Payment. All payments and benefits due to Executive under this Section 6 that which are not otherwise required by law shall only be payable if (i) Executive (or Executive’s beneficiary or estate) delivers to the Company and does not revoke (under the terms of applicable law) a general release of all claims claims, substantially in the form set out in the Company’s standard general release for Executives and attached hereto as Exhibit 6.6 (the “General Release”)A, provided, that, if necessary, such General Release general release may be updated and revised to achieve its intent, including to comply with applicable law or as the Company determines is necessary or appropriate to achieve its intent and (ii) such General Release law. Such general release shall be executed and delivered (and no longer subject to revocation) within sixty (60) days following termination. Failure to timely execute and return such General Release, release or revocation thereof, thereof shall be a waiver by Executive of Executive’s right to severance. In addition, severance shall be conditioned on Executive’s compliance with Section 8 hereof as provided in Section 9 below.

Appears in 1 contract

Samples: Employment Agreement (Moneygram International Inc)

Conditions to Payment. All payments and benefits due to Executive under this Section 6 that are not otherwise othetwise required by law shall only be payable if (i) Executive (or Executive’s 's beneficiary or estate) delivers to the Company and does not revoke (under the terms of applicable law) a general release of all claims in the form attached hereto as Exhibit 6.6 (the "General Release"), . provided, that, if necessary, such General Release may be updated and revised to comply with applicable law or as the Company determines is necessary or appropriate to achieve its intent and (ii) such General Release shall be executed and delivered (and no longer subject to revocation) within sixty (60) days following termination. Failure to timely execute and return such General Release, or revocation thereof, shall be a waiver by Executive of Executive’s 's right to severance. In addition, severance shall be conditioned on Executive’s 's compliance with Section 8 hereof as provided in Section 9 below.

Appears in 1 contract

Samples: Employment Agreement (Osmotica Pharmaceuticals PLC)

Conditions to Payment. All payments and benefits due to Executive under this Section 6 that which are not otherwise required by law shall only be payable if (i) Executive (or Executive’s beneficiary or estate) delivers to the Company and does not revoke (under the terms of applicable law) a general release of all claims claims, as set out in the Company’s standard general release for Executives and in the form attached hereto as Exhibit 6.6 (the “General Release”)B, provided, that, if necessary, such General Release general release may be updated and revised to comply with applicable law or as the Company determines is necessary or appropriate to achieve its intent and (ii) such General Release intent. Such general release shall be executed and delivered (and no longer subject to revocation) within sixty (60) days following termination. Failure to timely execute and return such General Release, release or revocation thereof, thereof shall be a waiver by Executive of Executive’s right to severance. In addition, severance shall be conditioned on Executive’s compliance with Section 8 hereof as provided in Section 9 below.

Appears in 1 contract

Samples: Employment Agreement (Rouse Properties, Inc.)

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