Common use of Execution of Release Clause in Contracts

Execution of Release. As a condition to the Company's obligation to pay any form of severance to the Executive upon the termination of the Executive's employment with the Company, the Executive shall, at the time of such termination, execute and deliver to the Company (and shall fail to revoke within such time periods as may be established by law) a full and unconditional release in favor of the Company and its affiliates of all obligations other than those set forth in this Agreement, in form and substance reasonably satisfactory to the Company.

Appears in 8 contracts

Samples: Employment and Retention Agreement (Itc Deltacom Inc), Employment and Retention Agreement (Itc Deltacom Inc), Employment and Retention Agreement (Itc Deltacom Inc)

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Execution of Release. As a condition to the Company's ’s obligation to pay any form of severance to the Executive upon the termination of the Executive's ’s employment with the Company, the Executive shall, at the time of such termination, execute and deliver to the Company (and shall fail to revoke within such time periods as may be established by law) a full and unconditional release in favor of the Company and its affiliates of all obligations other than those set forth in this Agreement, in form and substance reasonably satisfactory to the Company.

Appears in 4 contracts

Samples: Executive Employment and Retention Agreement (Itc Deltacom Inc), Executive Employment and Retention Agreement (Itc Deltacom Inc), Executive Employment and Retention Agreement (Itc Deltacom Inc)

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Execution of Release. As a condition to the Company's -------------------- obligation to pay any form of severance to the Executive upon the termination of the Executive's employment with the CompanyCompany (including, by way of illustration and not in limitation, the payments described in Sections 4.3 and 4.6), the Executive shall, shall at the time of such termination, execute and deliver to the Company (and shall fail to revoke within such time periods as may be established by law) a full and unconditional release in favor of the Company and its affiliates of all obligations other than those set forth in this Agreementagreement, in form and substance reasonably satisfactory to the Company.

Appears in 1 contract

Samples: Employment Agreement (Us Foodservice/Md/)

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