Common use of Severance Conditioned Upon Release Clause in Contracts

Severance Conditioned Upon Release. Payments and benefits described in Sections 10(c)(ii)-10(c)(v) are conditioned upon your or your legal representative’s execution of a waiver and release in a form prepared by the Employer and that release becoming effective and irrevocable in its entirety within 60 days of the Termination Date. Unless otherwise provided by the Employer, if the release referenced above does not become effective and irrevocable on or prior to the 60th day following the Termination Date, you shall not be entitled to any payments under this Section 10(c) other than the Basic Severance.

Appears in 2 contracts

Samples: Employment Agreement (Activision Blizzard, Inc.), Employment Agreement (Activision Blizzard, Inc.)

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Severance Conditioned Upon Release. Payments and benefits described in Sections 10(c)(ii)-10(c)(v11(c)(ii), 11(c)(iii) and Section 11(c)(iv) are conditioned upon your or your legal representative’s execution of a waiver and release in a form prepared by the Employer and that release becoming effective and irrevocable in its entirety within 60 days of the Termination Date. Unless otherwise provided by the Employer, if the release referenced above does not become effective and irrevocable on or prior to the 60th day following the Termination Date, you shall not be entitled to any payments under this Section 10(c11(c) other than the Basic Severance.

Appears in 1 contract

Samples: Employment Agreement (Activision Blizzard, Inc.)

Severance Conditioned Upon Release. Payments and benefits described in Sections 10(c)(ii)-10(c)(v10(d)(ii) and 10(d)(iii) are conditioned upon your or your legal representative’s execution of a waiver and release in a form prepared by the Employer and promptly provided to you and that release becoming effective and irrevocable in its entirety within 60 days of the Termination Date. Unless otherwise provided by the Employer, if the release referenced above does not become effective and irrevocable on or prior to the 60th day following the Termination Date, you shall not be entitled to any payments under this Section 10(c10(d) other than the Basic Severance.

Appears in 1 contract

Samples: Employment Agreement (Activision Blizzard, Inc.)

Severance Conditioned Upon Release. Payments and benefits described in Sections 10(c)(ii)-10(c)(v10(c)(ii), 10(c)(iii), 10(c)(iv) and 10(c)(v) are conditioned upon your or your legal representative’s execution of a waiver and release in a form prepared by the Employer and that release becoming effective and irrevocable in its entirety within 60 days of the Termination Date. Unless otherwise provided by the Employer, if the release referenced above does not become effective and irrevocable on or prior to the 60th day following the Termination Date, you shall not be entitled to any payments or benefits under this Section 10(c) other than the Basic Severance.

Appears in 1 contract

Samples: Employment Agreement (Activision Blizzard, Inc.)

Severance Conditioned Upon Release. Payments and benefits described in Sections 10(c)(ii)-10(c)(v10(c)(ii) and 10(c)(iii) are conditioned upon your or your legal representative’s execution of a waiver and release in a form prepared by the Employer and that release becoming effective and irrevocable in its entirety within 60 days of the Termination Date. Unless otherwise provided by the Employer, if the release referenced above does not become effective and irrevocable on or prior to the 60th day following the Termination Date, you shall not be entitled to any payments under this Section 10(c) other than the Basic Severance.

Appears in 1 contract

Samples: Employment Agreement (Activision Blizzard, Inc.)

Severance Conditioned Upon Release. Payments and benefits described in Sections 10(c)(ii)-10(c)(vSection 10(f)(ii) are conditioned upon your or your legal representative’s execution of a waiver and release in a form prepared by the Employer and promptly provided to you and that release becoming effective and irrevocable in its entirety within 60 days of the Termination Date. Unless otherwise provided by the Employer, if the release referenced above does not become effective and irrevocable on or prior to the 60th day following the Termination Date, you shall not be entitled to any payments under this Section 10(c10(f) other than the Basic Severance.

Appears in 1 contract

Samples: Employment Agreement (Activision Blizzard, Inc.)

Severance Conditioned Upon Release. Payments and benefits described in Sections 10(c)(ii)-10(c)(v10(c)(ii) and 10(c)(iii) are conditioned upon your execution or your legal representative’s execution of a waiver and release in a form prepared by the Employer and that release becoming effective and irrevocable in its entirety within 60 days of the Termination Date. Unless otherwise provided by the Employer, if the release referenced above does not become effective and irrevocable on or prior to the 60th day following the Termination Date, you shall not be entitled to any payments under this Section 10(c) other than the Basic Severance.

Appears in 1 contract

Samples: Employment Agreement (Activision Blizzard, Inc.)

Severance Conditioned Upon Release. Payments and benefits described in Sections 10(c)(ii)-10(c)(v10(c)(ii), 10(c)(iii), 10(c)(iv) and 10(c)(v) are conditioned upon your or your legal representative’s execution of a waiver and release in a form prepared by the Employer and that release becoming effective and irrevocable in its entirety within 60 days of the Termination Date. Unless otherwise provided by the Employer, if the release referenced above does not become effective and irrevocable on or prior to the 60th day following the Termination Date, you shall not be entitled to any payments under this Section 10(c) other than the Basic Severance.

Appears in 1 contract

Samples: Employment Agreement (Activision Blizzard, Inc.)

Severance Conditioned Upon Release. Payments and benefits described in Sections 10(c)(ii)-10(c)(v10(c)(ii) and 10(c)(iii) are conditioned upon your or your legal representative’s execution of a waiver and release in a form prepared by the Employer and promptly provided to you and that release becoming effective and irrevocable in its entirety within 60 days of the Termination Date. Unless otherwise provided by the Employer, if the release referenced above does not become effective and irrevocable on or prior to the 60th day following the Termination Date, you shall not be entitled to any payments under this Section 10(c) other than the Basic Severance.

Appears in 1 contract

Samples: Employment Agreement (Activision Blizzard, Inc.)

Severance Conditioned Upon Release. Payments and benefits described in Sections 10(c)(ii)-10(c)(v10(c)(ii)-10(c)(vi) are conditioned upon your or your legal representative’s execution of a waiver and release in a form prepared by the Employer and that release becoming effective and irrevocable in its entirety within 60 days of the Termination Date. Unless otherwise provided by the Employer, if the release referenced above does not become effective and irrevocable on or prior to the 60th day following the Termination Date, you shall not be entitled to any payments under this Section 10(c) other than the Basic Severance.

Appears in 1 contract

Samples: Employment Agreement (Activision Blizzard, Inc.)

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Severance Conditioned Upon Release. Payments and benefits described in Sections 10(c)(ii)-10(c)(v10(c)(ii) and 10(c)(iii) are conditioned upon your or your legal representative’s execution of a waiver and release in a form prepared by the Employer and that release becoming effective and irrevocable in its entirety within 60 days of the Termination Date. Unless otherwise provided by the Employer, if the release referenced above does not become effective and irrevocable on or prior to the 60th day following the Termination Date, you shall not be entitled to any payments under this Section 10(c) other than the Basic Severance.

Appears in 1 contract

Samples: Employment Agreement (Activision Blizzard, Inc.)

Severance Conditioned Upon Release. Payments and benefits described in Sections 10(c)(ii)-10(c)(v10(c)(ii)-(v) are conditioned upon your or your legal representative’s execution of a waiver and release in a form prepared by the Employer and that release becoming effective and irrevocable in its entirety within 60 days of the Termination Date. Unless otherwise provided by the Employer, if the release referenced above does not become effective and irrevocable on or prior to the 60th day following the Termination Date, you shall not be entitled to any payments under this Section 10(c) other than the Basic Severance.

Appears in 1 contract

Samples: Employment Agreement (Activision Blizzard, Inc.)

Severance Conditioned Upon Release. Payments and benefits described in Sections 10(c)(ii)-10(c)(v10(c)(ii) and (c)(iii) are conditioned upon your or your legal representative’s execution of a waiver and release in a form prepared by the Employer and that release becoming effective and irrevocable in its entirety within 60 sixty (60) days of the Termination Date. Unless otherwise provided by the Employer, if the release referenced above does not become effective and irrevocable on or prior to the 60th sixtieth (60th) day following the Termination Date, you shall not be entitled to any payments under this Section 10(c) other than the Basic Severance.

Appears in 1 contract

Samples: Corrected Employment Agreement (Activision Blizzard, Inc.)

Severance Conditioned Upon Release. Payments and benefits described in Sections 10(c)(ii)-10(c)(vSection 11(e) are conditioned upon your or your legal representative’s execution of a waiver and release in a form prepared by the Employer and that release becoming effective and irrevocable in its entirety within 60 days of the Termination Date. Unless otherwise provided by the Employer, if the release referenced above does not become effective and irrevocable on or prior to the 60th day following the Termination Date, you shall not be entitled to any payments under this Section 10(c11(e) other than the Basic Severance.

Appears in 1 contract

Samples: Employment Agreement (Activision Blizzard, Inc.)

Severance Conditioned Upon Release. Payments and benefits described in Sections 10(c)(ii)-10(c)(vthis Section 10(d) are conditioned upon your or your legal representative’s execution of a waiver and release in a form prepared by the Employer and that release becoming effective and irrevocable in its entirety within 60 sixty (60) days of the Termination Date. Unless otherwise provided by the Employer, if the release referenced above does not become effective and irrevocable on or prior to the 60th sixtieth (60th) day following the Termination Date, you shall not be entitled to any payments under this Section 10(c) other than the Basic Severance10(d).

Appears in 1 contract

Samples: Corrected Employment Agreement (Activision Blizzard, Inc.)

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