Common use of Execution of Release as a Condition Precedent Clause in Contracts

Execution of Release as a Condition Precedent. As a condition precedent to receipt of the severance benefits described in Section 12.3.2, the Employee must execute and deliver to the Company a full general Release of all claims, known and unknown, in the form attached as Exhibit B. If the Employee does not execute and deliver the Release within 21 days of the date of termination, the Company shall have no further obligation to provide the Employee with any severance benefits.