Common use of Separation Agreement and Release Required Clause in Contracts

Separation Agreement and Release Required. In order to receive any Severance Benefits under this Agreement, Executive must timely sign a separation agreement and release of claims in a form determined by UnitedHealth Group in its discretion. UnitedHealth Group shall provide to Executive a form of separation agreement and release of claims no later than three (3) days following Executive's date of Termination. Executive must execute and deliver the separation agreement and release of claims within fifty (50) days after Executive's date of Termination. If Executive does not timely execute and deliver to UnitedHealth Group such severance agreement and release, or if Executive does so, but then revokes it if permitted by and within the time required by applicable law, UnitedHealth Group will have no obligation to pay severance compensation to Executive.

Appears in 2 contracts

Samples: Employment Agreement (Unitedhealth Group Inc), Amendment and Restated (Unitedhealth Group Inc)

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Separation Agreement and Release Required. In order to receive any Severance Benefits under this Agreement, Executive must timely sign a separation agreement and release of claims in a form determined by UnitedHealth Group in its discretion. UnitedHealth Group shall provide to Executive a form of separation agreement and release of claims no later than three (3) days following Executive's ’s date of Termination. Executive must execute and deliver the separation agreement and release of claims within fifty (50) days after Executive's ’s date of Termination. If Executive does not timely execute and deliver to UnitedHealth Group such severance agreement and release, or if Executive does so, but then revokes it if permitted by and within the time required by applicable law, UnitedHealth Group will have no obligation to pay severance compensation to Executive.

Appears in 2 contracts

Samples: Employment Agreement (Unitedhealth Group Inc), Employment Agreement (Unitedhealth Group Inc)

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Separation Agreement and Release Required. In order to receive any Severance Benefits under this Agreement, Executive must timely sign a separation agreement and release of claims in a form determined by UnitedHealth Group in its discretionsubstantially similar to the one provided to Executive at the time this agreement is executed. UnitedHealth Group shall provide to Executive a form of separation agreement and release of claims no later than three (3) days following Executive's ’s date of Termination. Executive must execute and deliver the separation agreement and release of claims within fifty (50) days after Executive's ’s date of Termination. If Executive does not timely execute and deliver to UnitedHealth Group such severance agreement and release, or if Executive does so, but then revokes it if permitted by and within the time required by applicable law, UnitedHealth Group will have no obligation to pay severance compensation to Executive.

Appears in 1 contract

Samples: Employment Agreement (Unitedhealth Group Inc)

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