Common use of Employment-Related Event Clause in Contracts

Employment-Related Event. An "Employment-Related Event" means any of the following: (a) Executive's resignation for Good Reason (as defined below), (b) Executive's termination by the Company without Cause (as defined below) or (c) Executive's death or permanent disability (as defined below). Should an Employment Related Event occur, the Executive shall only be entitled to the benefits and payments set forth below, and Executive specifically agrees to sign a Release as drafted by the Company under which the Executive shall agree to waive and release all other rights and entitlement, whether legal, contractual or equitable (including waiving and releasing any claims alleging discrimination and/or harassment to the maximum extent allowed by law) in order to be entitled to such benefits and payments.