Common use of Initial Release Clause in Contracts

Initial Release. As consideration for the mutual promises of IGM and Consultant hereunder, IGM and Consultant hereby give the releases contained in Exhibit A-1, subject to the right to revoke the releases as outlined on Exhibit A-1. For avoidance of doubt, the Parties agree that the resignations set forth in Section 1 are effective on the Effective Date, regardless of whether Consultant exercises his right to revoke his release.