Payment and Release. The right to payment of any Retention Benefits or Office Closure Severance Benefits (each, a “Benefit”) will be contingent on the timely execution and delivery of a waiver and release in a form acceptable to and provided by the Company (the “Release”) and your non-revocation of the Release. The lump sum cash portion of any Benefit will be payable to you within 14 days following the Release becoming irrevocable, subject to your execution and delivery of the Release by the 50th day following the date of your termination of employment or the Retention Date, as applicable. If you fail to timely execute the required Release as prescribed above or you revoke the Release during any applicable revocation period, you will not be eligible to receive payment of any portion of your Benefit and it will be forfeited in full. COBRA Retention payments will be payable as set forth under Section 1(b) above; provided that no COBRA Retention payments will be made prior to delivery of the Release and expiration of the revocation period in relation thereto. In the event that payments are due under 1(b) prior to delivery of the Release and expiration of the revocation period, they will be provided as reimbursements to you on the first payroll date that occurs after your delivery of the Release and expiration of the revocation period in relation thereto.
Payment and Release. If you give any notice to us pursuant to Clause 4.2 (Disposal of Allotted Securities) of this Schedule, you shall pay to us at the time of giving such notice or otherwise on demand all amounts owing to us in connection with the relevant Application (including all fees, charges and expenses specified by any Relevant Person). We are not obliged to release to release to you the certificates relating to the Allotted Securities, or to procure the Allotted Securities to be credited to your account, unless and until all amounts owing to us have been received in full to our satisfaction.
Payment and Release. The Holder agrees:
Payment and Release. In the event an employee does not receive notification of school closure and reports for work, he or she will receive two (2) hours' pay (may be required to work the two
Payment and Release. Notwithstanding any other provision of this Agreement, the payments and benefits contemplated by Sections 9.1, 9.3, 9.4, 9.5, 9.6 and 9.7 are conditioned on, and made in consideration for, the execution and delivery by Employee (or, in the case of Section 9.1, by the executor, legal representative or administrator of Employee’s estate) of a general and mutual release of claims in substantially the form attached hereto as Exhibit I within 45 days following the cessation of Employee’s employment (the “Release”). The payments and benefits contemplated by those sections will be paid or provided (or will commence to be paid or provided) within 60 days following cessation of Employee’s employment (subject to any delay required by Section 24), provided the Release has been timely delivered and has not been revoked.
Payment and Release. The Company shall have received pay-off letters, in customary form, including, to the extent applicable, forms of Uniform Commercial Code termination statements (the "UCC Termination Statements"), reasonably acceptable to SCM, with respect to the C.S.K.-Ele Note, the FINOVA Note and the Fuji Debt stating that upon receipt of all applicable funds, such entities will release the Company from all obligations thereunder and release all liens thereunder, and to the extent applicable, immediately execute the UCC Termination Statements upon receipt of such funds.
Payment and Release. Counterparty shall pay the Settlement Amount, without deduction, set-off or counterclaim, to Xxxxxx within one (1) business days of the date hereof. In consideration of each other Party’s execution of this Termination Agreement and payment of the Settlement Amount without deduction, set-off or counterclaim to Xxxxxx, each Party on behalf of itself and any other party, person or entity claiming under or through it, hereby generally releases, discharges and acquits each other Party, and its respective current and former agents, servants, officers, directors, shareholders, employees, subsidiaries, divisions, branches, units, affiliates, parents, attorneys, successors, predecessors, heirs, personal representatives, and assigns (each of the foregoing, a “Released Party”), from all manners of action, causes of action, judgments, executions, debts, demands, rights, damages, costs, expenses, and claims of every kind, nature, and character whatsoever, whether in law or in equity, whether based on contract (including, without limitation, quasi-contract or estoppel), statute, regulation, tort (including, without limitation, intentional torts, fraud, misrepresentation, defamation, breaches of alleged fiduciary duty, recklessness, gross negligence, or negligence) or otherwise, accrued or unaccrued, known or unknown, matured, unmatured, liquidated or unliquidated, certain or contingent, that such releasing Party ever had or claimed to have, or now has or claims to have presently or at any future date, against any Released Party arising under or related to the Agreement Documents or the Transactions thereunder, their negotiation, execution, performance, any breaches thereof, or their termination including, for the avoidance of doubt, any claim for a payment in relation to an Early Termination Date under Section 6 of the ISDA Master Agreement or relating to any Credit Event under the ISDA Master Agreement.
Payment and Release. Upon satisfactory completion of the Work, the City will provide Consultant a written statement accepting all deliverables. Acceptance of the final payment shall constitute a release in full of all claims against the City arising from or by reason of the Work, with the exception of any pending claims for additional compensation that have been documented and filed as required by this Agreement.
Payment and Release. If the Client gives any notice to TCSCL or its nominee pursuant to Clause 4.2 (Disposal of Allotted Securities) of this Schedule VI, the Client shall pay to TCSCL or its nominee at the time of giving such notice or otherwise on demand all amounts owing by the Client to TCSCL or its nominee in connection with the relevant Application (including all fees, charges and expenses specified by any Relevant Person). TCSCL is not obliged to release or procure its nominee to release to the Client the certificates relating to the Allotted Securities, or to procure the Allotted Securities to be credited to the Client's Account, unless and until all amounts owing by the Client to TCSCL and its nominee have been received in full by them to their satisfaction.
Payment and Release. 4 4.8 Closing of Stock Redemption.....................................4 4.9 Stockholders' Agreement.........................................5 4.10 Employment and Non-Competition Agreements.......................5 4.11
