Release Payment. The payments and benefits provided for in Sections 5(b) shall be conditioned on the Executive executing and delivering to the Company a full release of all claims that the Executive may have against the Company, and its directors, officers, employees and agents in a form reasonably acceptable to the Company (the “Release”). The Release must become enforceable and irrevocable on or before sixtieth (60th) day following the Termination Date. If the Executive fails to execute and deliver the Release, he shall be entitled to the Accrued Obligations only and no other benefits under Section 5(b).
Appears in 3 contracts
Samples: Executive Employment Agreement (SanSal Wellness Holdings, Inc.), Executive Employment Agreement (Armeau Brands Inc.), Executive Employment Agreement (Armeau Brands Inc.)
Release Payment. The payments and benefits provided for in Sections 5(b4(b) shall be conditioned on the Executive executing and delivering to the Company a full release of all claims that the Executive may have against the Company, and its directors, officers, employees and agents in a form reasonably acceptable to the Company (the “Release”). The Release must become enforceable and irrevocable on or before sixtieth (60th) day following the Termination Date. If the Executive fails to execute and deliver the Release, he shall be entitled to the Accrued Obligations only and no other benefits under Section 5(b4(b).
Appears in 2 contracts
Samples: Service Agreement (Greater Cannabis Company, Inc.), Service Agreement
