Common use of Release Consideration Clause in Contracts

Release Consideration. Executive agrees that in exchange for the benefits referenced in this Agreement, Executive will execute a release of all known or unknown claims (“Global Release”) following the Retirement Date, which shall be similar, in all material respects, to the “Release Agreement” attached to this Agreement as Exhibit A. Executive understands and agrees that a failure to timely execute and return the Global Release will result in Executive being ineligible for the benefits referenced in this Agreement.