Releases and Resignations. Notwithstanding the provisions of Sections 4.1, 4.2 and 4.3, it shall be a condition to the Company's obligations to pay any amount to the Executive in excess of any amounts required by law that the Executive provide to the Company and its subsidiaries, officers, directors, employees and agents a complete general release of all claims, known or unknown, that the Executive may have against any of them. Such release shall be in customary form, and shall specifically include employment-related claims. In addition, upon termination of employment, the Executive shall, upon demand, resign as an officer and director of the Company or any subsidiary of the Company, as applicable.
Releases and Resignations. Each of the Company’s directors and officers shall have delivered to the Company and LKQ a release and waiver of any claim that he or she may have against the Company and their resignations as officers and directors of the Company.
Releases and Resignations. The Vendors shall have delivered to the Purchaser releases and resignations or termination acknowledgements of the persons listed on Schedule 6.1(g).
Releases and Resignations. On or prior to the Closing Date, (a) Contributors shall (i) cause those officers and directors of the Company as set forth on Schedule 9.03(c)(i) to duly execute and deliver their respective resignations from the Company and (ii) cause the Company and each of the officers, directors and employees of the Company set forth on Schedule 9.03(c)(ii) to duly execute and deliver mutual releases of Liability in the form of Exhibit D-1 and Exhibit D-2, as applicable, (b) Warburg shall execute and deliver a mutual release of Liability, in the form of Exhibit E and (c) Laredo shall execute and deliver mutual releases of Liability in the form of Exhibit X-0, Xxxxxxx X-0 and Exhibit E.
Releases and Resignations. The Vendors shall have delivered to the Purchaser releases and resignations of each of Xxxxx Xxxxxxxxx and Xxxxxxxx Xxxxxxxxx as directors of the Corporation as of the Closing Date.
Releases and Resignations. Purchaser shall have received releases in favor of ATEC to be effective at the Closing from Seller and each director and officer of ATEC and each such director and officer (other than Eugene Grant) shall have resigned from his position with ATEC effexxxxx xx xhe Closing.
Releases and Resignations. Buyer shall have received (i) resignations and mutual releases (subject to their rights to be indemnified pursuant to Section 10.2) of Axxxx Xxxxxxxx, Sxxxxxxx Xxxxxxxx, Éxxx Xxxxxxxxx, Mxxxxx Xxxxxxx, Txx Xxxxxxxx, Sxxxxxxx Xxxxxxxx and Bxxxx X. Xxxxxxxxxxx as directors of the Corporation and each of the Subsidiaries, where applicable, as of the Closing Date, and (ii) resignations and waivers of Éxxx Xxxxxxxxx and Mxxxxx Xxxxxxx as officers and employees of the Corporation and each of the Subsidiaries, where applicable, as of the Closing Date, substantially in the form set forth in Exhibit 7.1(8).
Releases and Resignations. The directors and officers of DSB ------------------------- deliver to Paradigm an instrument in the form of Exhibit "C" attached hereto dated the Effective Time releasing DSB from any and all claims of such directors and officers (except as provided therein). Those directors of DSB requested to do so by Paradigm shall have delivered to Paradigm their respective resignations from the Board of Directors.
Releases and Resignations. Each of the Sellers hereby releases the Company from any and all claims and causes of action the Sellers have or may have against the Company. The Sellers further hereby resign from any and all positions, offices and capacities with the Company including, without limitation, the offices of manager, members of the board of managers and other positions of authority with the Company.
Releases and Resignations. On the Closing Date each of Xxxxxx, Xxxxxx and Xxxxx Xxxx Xxxxxxx shall (i) deliver resignations as officers, directors and employees of the Corporation which shall be effective on the Closing Date and (ii) deliver releases of the Corporation which shall be effective one year following the Closing Date. On the Closing Date Xxxxx shall deliver a release of the Corporation which shall be effective on the later of the date which is one year following the Closing Date and the date on which all outstanding amounts owing by the Purchaser under the Promissory Note are paid. Such releases will be held by the Purchaser until such times.
