Severance Conditioned on Release of Claims. The Company’s obligation to provide Executive with the severance benefits set forth in Section 1.7.2 is contingent upon Executive’s execution of a mutual release of claims satisfactory to the Company. Such release will not contain any non-competition period or otherwise restrict Executive's future employment opportunity and will not affect Executive’s continuing obligations to the Company under the Proprietary Agreement.
Severance Conditioned on Release of Claims. 8.1. The Company's obligation to provide Consulting Executive with any severance payment shall be addressed in further good faith negotiations and contingent upon Consulting Executive's execution of a satisfactory release of claims in favor of the Company.
Severance Conditioned on Release of Claims. The Company’s obligation to provide Executive with the severance benefits set forth in Section 1.6.2 is contingent upon Executive’s execution of a satisfactory release of claims in the form attached as an Exhibit hereto .
Severance Conditioned on Release of Claims. The Company's obligation to provide Employee with the Severance Payment and Benefit Continuation set forth in Sections 7.1 and 7.3 is contingent upon Employee's execution of a satisfactory release of all claims in favor of the Company.
Severance Conditioned on Release of Claims. Unless it otherwise elects to waive any such condition precedent, Company's obligation to provide Executive with the Severance Payment set forth in Section 1.6.2 is contingent upon Executive's and Company's execution of that certain Form of Release, a copy of which is attached hereto and marked as Exhibit “C” (the “Release”). If Executive fails to sign the Release within twenty-one (21) days of receipt of notice of termination pursuant to Section 1.5.1.5, or subsequently rescinds the Release, Executive shall not be entitled to receive Severance Payments pursuant to Section 1.6.2 and Section 1.6.3.
Severance Conditioned on Release of Claims. The Company's obligation to provide Executive with the Severance Payment and Benefit Continuation set forth in Section 8.2 is contingent upon Executive's execution of a satisfactory release of all claims in favor of the Company.
Severance Conditioned on Release of Claims. 8.1. The Company's obligation to provide Executive with the Severance Payment set forth in SECTION 7.2 is NOT contingent upon Executive's execution of a satisfactory release of claims in favor of the Company.
Severance Conditioned on Release of Claims. As a condition of any and all amounts payable under Section 1.6.2 of this Agreement, Executive must execute and deliver to the Company a severance and release of claims agreement in a customary form to be provided by the Company, in a form and substance attached hereto as Exhibit A (the "Severance Agreement'), which Severance Agreement must become irrevocable within sixty (60) days following the date of Executive's termination of employment (or such shorter period as may be directed by the Company, provided it is objectively reasonable). The lump-sum Severance Benefits will be paid in the first regular payroll beginning after the Severance Agreement becomes effective, provided that if the foregoing sixty (60) day period would end in a calendar year subsequent to the year in which the Executive's employment ends, the Severance Benefits will not be paid or begin to be paid before the first payroll of the subsequent calendar year (the date the Severance Benefits commence pursuant to this sentence, the "Payment Date"). Executive must not materially breach the post-employment obligations set forth in Section 2 or the Severance Agreement in order to be eligible to receive or continue receiving the Severance Benefits and Bonus Payment.
Severance Conditioned on Release of Claims above is contingent upon Employee's execution of a release, reasonably satisfactory to the Company, of all claims Employee may have against the Company and SMC.
Severance Conditioned on Release of Claims. The Company’s obligation to provide Executive with the Severance Payments set forth in Section 6.2 is contingent upon Executive’s execution of a release of claims in favor of the Company. Any release of claims shall not include any independently verifiable criminal acts or civil fraud committed by either the Company and/or its officers or directors.
