Common use of Effective Release Clause in Contracts

Effective Release. No payments will be made to Executive (or his estate, as applicable) under this Section 5 unless the Executive (or his estate, as applicable) executes and does not revoke a Release.

Appears in 2 contracts

Sources: Employment Agreement (Armada Water Assets Inc), Employment Agreement (Armada Water Assets Inc)

Effective Release. No payments (other than the Accrued Obligations) will be made to Executive (or his estate, as applicable) under this Section 5 will occur, unless the Executive (or his estate, as applicable) executes and does not revoke a mutually agreeable Release.

Appears in 2 contracts

Sources: Employment Agreement (Cryomass Technologies, Inc.), Employment Agreement (Andina Gold Corp.)

Effective Release. No payments will be made to Executive (or his estate, as applicable) under this Section 5 unless the Executive (or his estate, as applicable)) executes and does not revoke a Release.

Appears in 1 contract

Sources: Employment Agreement (Armada Water Assets Inc)