Post-Termination Release Clause Samples
A Post-Termination Release clause defines the obligations of the parties to release each other from certain liabilities or claims after the termination of an agreement. Typically, this clause specifies which rights, responsibilities, or claims survive the end of the contract and which are waived, such as outstanding payments or confidentiality obligations. Its core function is to provide clarity and finality regarding the parties' ongoing obligations, reducing the risk of future disputes related to the terminated agreement.
Post-Termination Release. Notwithstanding any other provisions of this Agreement, it shall be a condition to Executive’s right to receive the amounts provided for in Section 4(b) of this Agreement that Executive (or Executive’s estate, as applicable) will execute and deliver to the Company, and not revoke, an effective release of claims in the form attached hereto as Exhibit A (the “Release”) within the time period set forth therein (and in all events within 52 days following Executive’s termination of employment) with all periods for revocation thereof having expired. The form of the Release may be modified by the Company to reflect changes in the applicable law or regulations.
Post-Termination Release. Notwithstanding any other provisions of this Agreement, it shall be a condition to Employee’s right to receive any payments or benefits pursuant to this Section 6 (with the exception of the Accrued Payments) that Employee (or Employee’s estate, as applicable) execute and deliver to the Company, and not revoke, an effective waiver and release agreement in the form attached hereto as Exhibit A (the “Release”) within the time period set forth therein (and in all events within 50 days following Employee’s termination of employment) with all periods for revocation thereof having expired (the “Severance Conditions”). The form of the Release may be modified by the Company to reflect changes required by applicable law or regulations.
Post-Termination Release. Notwithstanding any other provisions of this Agreement, it will be a condition to Executive’s right to receive the amounts provided for in Section 4(b) and (c) of this Agreement that Executive (or Executive’s estate, as applicable) will execute and deliver to the Company, and not revoke, an effective release of claims in favor of the Group in connection with same.
Post-Termination Release. Notwithstanding any other provisions of this Agreement, it shall be a condition to Executive’s right to receive the amounts provided for in Sections 6(a)(ii), 6(b), 6(c)(i) and 8 of this Agreement that Executive (or Executive’s estate, as applicable) will execute and deliver to the Company an effective release of claims in the form attached hereto as Exhibit A (the “Release”) within the time period set forth therein (and in all events within 59 days following the Date of Termination) with all periods for revocation thereof having expired. The form of the Release may be modified by the Company to reflect changes in the applicable law or regulations.