Common use of Separation Agreement and Release Clause in Contracts

Separation Agreement and Release. As a condition to entitlement to any payment under Section 3(b) or 3(c), Employee must execute, deliver to SRA, and not revoke a separation agreement in a form acceptable to SRA which shall include a full general release and waiver of any claims the Employee may hold or purport to hold against SRA and its affiliates, employees, etc., a nondisparagement clause, and an affirmation of any post-employment obligations the Employee may have, within the time frame set forth therein (“Release”); provided, that if the revocation period with respect to such a separation agreement begins in one calendar year and ends in another, payments under Section 3(b) and 3(c) shall begin no earlier than January 1 of the calendar year following the commencement of the revocation period.

Appears in 8 contracts

Samples: Enhanced Severance Eligibility Agreement (SRA Companies, Inc.), Enhanced Severance Eligibility Agreement (SRA Companies, Inc.), Enhanced Severance Eligibility Agreement (SRA Companies, Inc.)

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