Common use of RELEASE; NO MITIGATION Clause in Contracts

RELEASE; NO MITIGATION. The amounts payable and benefits provided to the Employee pursuant to Section 7, other than the accrued benefits unpaid through the Employment Termination Date, shall only be payable or provided if within thirty (30) days following the date of termination the Employee or the Employee’s representative, as the case may be, executes and delivers to the Company a fully effective and irrevocable agreement and general release in the form reasonably prepared by the Company, which the Company shall provide to the Employee or the Employee’s representative, as applicable, within seven (7) days following the date of termination.

Appears in 2 contracts

Sources: Employment Agreement (Starboard Resources, Inc.), Employment Agreement (Starboard Resources, Inc.)

RELEASE; NO MITIGATION. The amounts payable and benefits provided to the Employee pursuant to Section 7, 7 other than the accrued benefits unpaid through the Employment Termination Date, shall only be payable or provided if within thirty (30) days following the date of termination the Employee or the Employee’s representative, as the case may be, executes and delivers to the Company a fully effective and irrevocable agreement and general release in the form reasonably prepared by the Company, which the Company shall provide to the Employee or the Employee’s representative, as applicable, within seven (7) days following the date of termination.

Appears in 1 contract

Sources: Employment Agreement (Starboard Resources, Inc.)