Common use of Initial Release Clause in Contracts

Initial Release. As consideration for continued employment, and as a condition of Executive’s eligibility for the Incentive Benefits and Payments, Executive agrees to sign a general waiver and release and non-competition/non-solicitation agreement in favor of the Company, a form of which is attached hereto as ATTACHMENT 1, no later than , 200 .

Appears in 2 contracts

Sources: Senior Management Incentive Agreement (Ep Medsystems Inc), Senior Management Incentive Agreement (Ep Medsystems Inc)

Initial Release. As consideration for continued employment, and as a condition of Executive’s 's eligibility for the Incentive Benefits and Payments, Executive agrees to sign a general waiver and release and non-competition/non-solicitation agreement in favor of the Company, a form of which is attached hereto as ATTACHMENT 1, no later than May _____, 200 2005.

Appears in 1 contract

Sources: Senior Management Incentive Agreement (Ep Medsystems Inc)