Common use of Severance Conditioned on Release of Claims Clause in Contracts

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.

Appears in 4 contracts

Samples: Executive Employment Agreement (Multimedia Games Inc), Executive Employment Agreement (Multimedia Games Inc), Executive Employment Agreement (Multimedia Games Inc)

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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 Information and Inventions Agreement.

Appears in 1 contract

Samples: Employment Agreement (Newgistics, Inc)

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 ’s future employment opportunity and will not affect Executive’s continuing obligations to the Company under the Proprietary Agreement.

Appears in 1 contract

Samples: Executive Employment Agreement (Multimedia Games Inc)

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 Information and Inventions Agreement.

Appears in 1 contract

Samples: Employment Agreement (Newgistics, Inc)

Severance Conditioned on Release of Claims. 8.1. The Company’s 's obligation to provide Executive with the severance benefits Severance Payment set forth in Section 1.7.2 7.2 is not contingent upon Executive’s 's execution of a mutual satisfactory release of claims satisfactory to in favor of 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.

Appears in 1 contract

Samples: Employment Agreement (Reality Wireless Networks Inc)

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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 ’s future employment opportunity and will not affect Executive’s continuing obligations to the Company under the Proprietary Agreement. Except as otherwise provided below, the Release shall become effective in accordance with its terms on or before the date following the Termination Date specified by Section 1.7.2.

Appears in 1 contract

Samples: Executive Employment Agreement (Multimedia Games Inc)

Severance Conditioned on Release of Claims. The Company’s obligation to provide Executive with the severance benefits set forth in Section 1.7.2 1.8.2 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 ’s future employment opportunity and will not affect Executive’s continuing obligations to the Company under the Proprietary Agreement.

Appears in 1 contract

Samples: Executive Employment Agreement (Multimedia Games Inc)

Severance Conditioned on Release of Claims. The Company’s obligation to provide Executive with wife 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 Information and Inventions Agreement.

Appears in 1 contract

Samples: Employment Agreement (Newgistics, Inc)

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