Common use of Release Agreement Clause in Contracts

Release Agreement. In order to receive the Severance Payments or the COBRA Assistance set forth in Section 4.1 or Section 4.3 (in each case, if eligible), the Executive must timely execute (and not revoke) a separation agreement and general release (the “Release Agreement”) in a customary form as is determined to be reasonably necessary by the Company in its good faith and reasonable discretion. If the Executive is eligible for Severance Payments and COBRA Assistance pursuant to Section 4.1 or Section 4.3, the Company will deliver the Release Agreement to the Executive within seven (7) calendar days following the Termination Date. The Severance Payments and COBRA Assistance are subject to the Executive’s execution of such Release Agreement within 45 days of the Executive’s receipt of the Release Agreement and the Executive’s non-revocation of such Release Agreement.

Appears in 7 contracts

Samples: Employment Agreement (Regado Biosciences Inc), Employment Agreement (Regado Biosciences Inc), Employment Agreement (Regado Biosciences Inc)

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Release Agreement. In order to receive the Severance Payments or the COBRA Assistance set forth in Section 4.1 or Section 4.3 (in each case, if eligible), the Executive Employee must timely execute (and not revoke) a separation agreement and general release (the “Release Agreement”) in a customary form as is determined to be reasonably necessary by the Company in its good faith and reasonable discretion. If the Executive Employee is eligible for Severance Payments and COBRA Assistance pursuant to Section 4.1 or Section 4.34.1, the Company will deliver the Release Agreement to the Executive Employee within seven (7) calendar days following the Termination Date. The Severance Payments and COBRA Assistance are subject to the ExecutiveEmployee’s execution of such Release Agreement within 45 days of the ExecutiveEmployee’s receipt of the Release Agreement and the ExecutiveEmployee’s non-revocation of such Release Agreement.

Appears in 4 contracts

Samples: Employment Agreement (Adgero Biopharmaceuticals Holdings, Inc.), Employment Agreement (Adgero Biopharmaceuticals Holdings, Inc.), Employment Agreement (Adgero Biopharmaceuticals Holdings, Inc.)

Release Agreement. In order to receive the Severance Payments or the COBRA Assistance set forth in Section 4.1 or Section 4.3 (in each case, if eligible), the Executive must timely execute (and not revoke) a separation agreement and general release (the “Release Agreement”) in a customary form as is determined to be reasonably necessary by the Company in its good faith and reasonable discretion. If the Executive is eligible for Severance Payments and COBRA Assistance pursuant to Section 4.1 or Section 4.34.1, the Company will deliver the Release Agreement to the Executive within seven (7) calendar days following the Termination Date. The Severance Payments and COBRA Assistance are subject to the Executive’s execution of such Release Agreement within 45 21 days of the Executive’s receipt of the Release Agreement and the Executive’s non-revocation of such Release Agreement.

Appears in 3 contracts

Samples: Employment Agreement (Matinas BioPharma Holdings, Inc.), Employment Agreement (Matinas BioPharma Holdings, Inc.), Employment Agreement (Matinas BioPharma Holdings, Inc.)

Release Agreement. In order to receive the Severance Payments or the COBRA Assistance set forth in Section 4.1 or Section 4.3 (in each case, if eligible), the Executive must timely execute (and not revoke) a separation agreement and general release (the “Release Agreement”) in a customary form as is determined to be reasonably necessary by the Company in its good faith and reasonable discretion. If the Executive is eligible for Severance Payments and COBRA Assistance pursuant to Section 4.1 or Section 4.34.1, the Company will deliver the Release Agreement to the Executive within seven (7) calendar days following the Termination Date. The Severance Payments and COBRA Assistance are subject to the Executive’s execution of such Release Agreement within 45 days of the Executive’s receipt of the Release Agreement and the Executive’s non-revocation of such Release Agreement.

Appears in 2 contracts

Samples: Employment Agreement (DelMar Pharmaceuticals, Inc.), Employment Agreement (Adgero Biopharmaceuticals Holdings, Inc.)

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Release Agreement. In order to receive the Severance Payments or and the COBRA Assistance set forth in Section 4.1 or to receive the Enhanced Severance Payments and the Enhanced COBRA Assistance set forth in Section 4.3 (as applicable, and, in each case, if eligible), the Executive must timely execute (and not revoke) a separation agreement and general release (the “Release Agreement”) in a customary form as is determined to be reasonably necessary by the Company in its good faith and reasonable discretion. If ; provided, that the Company provides the Executive is eligible for Severance Payments and COBRA Assistance pursuant to Section 4.1 or Section 4.3, with the Company will deliver the form of Release Agreement to the Executive within seven (7) calendar 3 days following the Termination Date. The Severance Payments and COBRA Assistance or the Enhanced Severance Payments and Enhanced COBRA Assistance, as applicable, are subject to the Executive’s execution of such Release Agreement within 45 days of the Executive’s receipt of the Release Agreement and the Executive’s non-revocation of such Release Agreement.

Appears in 1 contract

Samples: Employment Agreement (Regado Biosciences Inc)

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