Common use of General Release Agreement Clause in Contracts

General Release Agreement. The obligations of the Company to make the payments and provide the benefits described in Sections 3.3 and 3.4 are expressly conditioned upon Executive’s signing and delivering to the Company, not later than thirty (30) days after the Date of Termination (or such longer period, to the extent required by law), and thereafter not revoking, a valid general release agreement in substantially the form attached hereto as Attachment A. Any breach of Executive’s nondisclosure, nonsolicitation, or noncompetition obligations to the Company that has or is reasonably likely to have a material and adverse effect on the Company shall, in addition to all other remedies available to Company, result in the immediate release of the Company from any obligation it would otherwise have to make further payments or provide further benefits under this Agreement. Executive expressly acknowledges that the Company is prepared to vigorously enforce these promises and that violation of Executive’s obligations could result in an award of damages or other legal remedies against Executive and Executive’s subsequent employers.

Appears in 4 contracts

Samples: Severance and Restrictive Covenant Agreement (Coleman Cable, Inc.), Severance and Restrictive Covenant Agreement (Coleman Cable, Inc.), Severance and Restrictive Covenant Agreement (Coleman Cable, Inc.)

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