Release Prior to Receipt of Benefits. Prior to the receipt of any benefits under Sections 4(a), 4(b) (in the event of a termination of Employee's employment by reason of Permanent Disability) or 4(c) of this Agreement, Employee (or, in the event of Employee's incapacity due to Permanent Disability, his or her legal representative) shall execute, and allow to become effective, a release of claims agreement in the form attached hereto as Exhibit A (the “Release”) not later than fifty-two (52) days following Employee’s employment termination. In no event will the Company have any obligation to pay any severance benefits under Sections 4(a), 4(b) (in the event of a termination of Employee's employment by reason of Permanent Disability) or 4(c) of this Agreement to Employee until the Release becomes effective. In the event the Release does not become effective within fifty-two (52) days following Employee's employment termination, the Company shall not have any obligation to pay to Employee any severance benefits under Sections 4(a), 4(b) (in the event of a termination of Employee's employment by reason of Permanent Disability) or 4(c).
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Samples: Employment Agreement (Apricus Biosciences, Inc.), Employment Agreement (Apricus Biosciences, Inc.), Employment Agreement (Apricus Biosciences, Inc.)
Release Prior to Receipt of Benefits. Prior to the receipt of any benefits under Sections 4(a), 4(b) (in the event of a termination of Employee's ’s employment by reason of Permanent Disability) or 4(c) of this Agreement, Employee (or, in the event of Employee's incapacity due to Permanent Disability, his or her legal representative) shall execute, and allow to become effective, a release of claims agreement in the form attached hereto as Exhibit A (the “Release”) not later than fifty-two (52) days following Employee’s employment termination. In no event will the Company have any obligation to pay any severance benefits under Sections 4(a), 4(b) (in the event of a termination of Employee's ’s employment by reason of Permanent Disability) or 4(c) of this Agreement be provided to Employee until the Release becomes effective. In the event the Release does not become effective within fifty-two (52) days following Employee's ’s employment termination, the Company shall not have any obligation to pay to Employee any severance benefits under Sections 4(a), 4(b) (in the event of a termination of Employee's ’s employment by reason of Permanent Disability) or 4(c).
Appears in 3 contracts
Samples: Employment Agreement (Apricus Biosciences, Inc.), Employment Agreement (Apricus Biosciences, Inc.), Employment Agreement (Apricus Biosciences, Inc.)
Release Prior to Receipt of Benefits. Prior to the receipt of any benefits under Sections 4(a), 4(b) (in the event of a termination of Employee's ’s employment by reason of Permanent Disability) or 4(c) of this Agreement, Employee (or, in the event of Employee's incapacity due to Permanent Disability, his or her legal representative) shall execute, and allow to become effective, a release of claims agreement in the form attached hereto as Exhibit A (the “Release”) not later than fifty-two (52) days following Employee’s employment termination. In no event will the Company have any obligation to pay any severance benefits under Sections 4(a), 4(b) (in the event of a termination of Employee's ’s employment by reason of Permanent Disability) or 4(c) of this Agreement to Employee until the Release becomes effective. In the event the Release does not become effective within fifty-two (52) days following Employee's ’s employment termination, the Company shall not have any obligation to pay to Employee any severance benefits under Sections 4(a), 4(b) (in the event of a termination of Employee's ’s employment by reason of Permanent Disability) or 4(c).
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Release Prior to Receipt of Benefits. Prior to the receipt of any benefits under Sections 4(a), 4(b) (in the event of a termination of Employee's ’s employment by reason of Permanent Disability), 4(c) or 4(c4(d) of this Agreement, Employee (or, in the event of Employee's incapacity due to Permanent Disability, his or her legal representative) shall execute, and allow to become effective, a release of claims agreement in the form attached hereto as Exhibit A (the “Release”) not later than fifty-two (52) days following Employee’s employment termination. In no event will the Company have any obligation to pay any severance benefits under Sections 4(a), 4(b) (in the event of a termination of Employee's ’s employment by reason of Permanent Disability), 4(c) or 4(c4(d) of this Agreement be provided to Employee until the Release becomes effective. In the event the Release does not become effective within fifty-two (52) days following Employee's ’s employment termination, the Company shall not have any obligation to pay to Employee any severance benefits under Sections 4(a), 4(b) (in the event of a termination of Employee's ’s employment by reason of Permanent Disability), 4(c) or 4(c4(d).
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