Common use of Release and Waiver of Claims Clause in Contracts

Release and Waiver of Claims. In consideration of any Compensation Continuance Benefits the Company provides to the Executive under this Agreement, the Executive upon termination of employment with the Company shall execute a separate general release and waiver of claims in favor of the Company, its affiliates and personnel in a form acceptable to the Company. The Executive shall not be eligible for any Compensation Continuance Benefits until the Executive has executed such release and waiver of claims.

Appears in 9 contracts

Samples: Employment Agreement (Wachovia Corp New), Employment Agreement (Wachovia Corp New), Employment Agreement (Wachovia Corp New)

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Release and Waiver of Claims. In consideration of any Compensation Continuance Continuation Benefits the Company Corporation provides to the Executive under this Agreement, the Executive upon termination of employment with the Company Corporation shall execute a separate general release and waiver of claims in favor of the Company, its affiliates and personnel in a form acceptable to the CompanyCorporation. The Executive shall not be eligible for any Compensation Continuance Continuation Benefits until the Executive he has executed such release and waiver of claims.

Appears in 8 contracts

Samples: Employment Agreement (Wachovia Corp/ Nc), Employment Agreement (Wachovia Corp/ Nc), Employment Agreement (Wachovia Corp/ Nc)

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Release and Waiver of Claims. In consideration of any Compensation Continuance ---------------------------- Continuation Benefits the Company Corporation provides to the Executive under this Agreement, the Executive upon termination of employment with the Company Corporation shall execute a separate general release and waiver of claims in favor of the Company, its affiliates and personnel in a form acceptable to the CompanyCorporation. The Executive shall not be eligible for any Compensation Continuance Continuation Benefits until the Executive he has executed such release and waiver of claims.

Appears in 1 contract

Samples: Employment Agreement (Wachovia Corp/ Nc)

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