Common use of Separation Agreement and General Release Clause in Contracts

Separation Agreement and General Release. The Company’s obligations to make payments under Sections 4(a) and 4(b) (other than the Accrued Obligations) will be conditioned on the Executive or his legal representatives executing and delivering a separation agreement and general release of the Company, and its subsidiaries and affiliated companies and their respective successors and assigns (and the officers and directors of such entities) in a form acceptable to the Company.

Appears in 6 contracts

Samples: Employment Agreement (Covalence Specialty Adhesives LLC), Employment Agreement (Berry Plastics Holding Corp), Employment Agreement (Covalence Specialty Adhesives LLC)

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Separation Agreement and General Release. The Company’s obligations to make payments under Sections 4(a) and 4(b) (other than the Accrued Obligations) will be are conditioned on the Executive Executive’s or his legal representatives representative’s executing and delivering a separation agreement and general release of claims against the Company, Company and its subsidiaries and affiliated companies affiliates (and their respective successors and assigns (and the officers and directors of such entitiesdirectors) in a form reasonably acceptable to the Company.

Appears in 4 contracts

Samples: Employment Agreement (Affinion Loyalty Group, Inc.), Employment Agreement (Affinion Group, Inc.), Employment Agreement (Affinion Group, Inc.)

Separation Agreement and General Release. The Company’s obligations to make payments under Sections 4(a) and 4(b) (other than the Accrued Obligations) will be conditioned on the Executive Xxxxxxx or his legal representatives executing and delivering a mutually agreeable separation agreement and general release of the Company, Company and its subsidiaries and affiliated companies and their respective successors and assigns (and the officers and directors of such entities) Subsidiaries in a form acceptable to the Company, which form shall include inter alia a general release of Xxxxxxx, but not a release of any claims arising out of (i) Xxxxxxx’ willful misconduct or criminal acts; or (ii) third party.

Appears in 2 contracts

Samples: Employment Agreement (Metals Usa Inc), Employment Agreement (Metals Usa Inc)

Separation Agreement and General Release. The Company’s obligations to make payments under Sections 4(a) and 4(b) (other than the Accrued Obligations) will be conditioned on the Executive Xxxxxxxxx or his legal representatives executing and delivering a mutually agreeable separation agreement and general release of the Company, Company and its subsidiaries and affiliated companies and their respective successors and assigns (and the officers and directors of such entities) Subsidiaries in a form acceptable to the Company, which form shall include inter alia a general release of Xxxxxxxxx, but not a release of any claims arising out of (i) Xxxxxxxxx’ willful misconduct or criminal acts; or (ii) third party claims.

Appears in 2 contracts

Samples: Employment Agreement (Metals Usa Inc), Employment Agreement (Metals Usa Inc)

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Separation Agreement and General Release. The Company’s obligations to make payments under Sections 4(a), 4(b) and 4(b4(c) (other than the Accrued Obligations) will be conditioned on the Executive or his legal representatives executing and delivering a separation agreement and general release of the Company, and its subsidiaries and affiliated companies and their respective successors and assigns (and the officers and directors of such entities) in a form reasonably acceptable to the Company.

Appears in 1 contract

Samples: Employment Agreement (MPM Silicones, LLC)

Separation Agreement and General Release. The Company’s obligations to make payments under Sections 4(a) and 4(b) (other than the Accrued Obligations) will be are conditioned on the Executive Executive’s or his her legal representatives representative’s executing and delivering a separation agreement and general release of claims against the Company, Company and its subsidiaries and affiliated companies affiliates (and their respective successors and assigns (and the officers and directors of such entitiesdirectors) in a form acceptable to the CompanyCompany and Executive.

Appears in 1 contract

Samples: Employment Agreement (Affinion Loyalty Group, Inc.)

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