Common use of Waiver and Release of Claims Clause in Contracts

Waiver and Release of Claims. As a condition to the receipt of payments and other benefits provided under Sections 4 and 7, Executive shall sign the Waiver and Release attached hereto and incorporated herein by reference as Exhibit A after termination from employment during the Employment Period and prior to receipt of any of the payments and benefits provided in Sections 4 and 7 (other than the Accrued Obligations described in Section 4(a)(i)(A)). Failure or refusal by the Executive to sign the Waiver and Release shall release the Company from any obligation to make payment or provide benefits described in Sections 4 and 7 (other than the Accrued Obligations described in Section 4(a)(i)(A)). Notwithstanding the foregoing, the Executive does not, and will not, by signing the Waiver and Release, release or waive his/her right, if any, to indemnification pursuant to the Company's articles of incorporation, certificate of incorporation, bylaws, or director's and officer's liability insurance coverage.

Appears in 6 contracts

Samples: Employment Agreement (Riverwood Holding Inc), Employment Agreement (Riverwood Holding Inc), Employment Agreement (Riverwood Holding Inc)

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Waiver and Release of Claims. As a condition to the receipt of payments and other benefits provided under Sections 4 6 and 79, Executive shall sign the Waiver and Release attached hereto and incorporated herein by reference as Exhibit A after termination from employment during the Employment Period and prior to receipt of any of the payments and benefits provided in Sections 4 6 and 7 9 (other than the Accrued Obligations described in Section 4(a)(i)(A)6(a)(i)A). Failure or refusal by the Executive to sign the Waiver and Release shall release the Company from any obligation to make payment or provide benefits described in Sections 4 6 and 7 9 (other than the Accrued Obligations described in Section 4(a)(i)(A)6(a)(i)A). Notwithstanding the foregoing, the Executive does not, and will not, by signing the Waiver and Release, release or waive his/her right, if any, right to indemnification pursuant to the Company's ’s articles of incorporation, certificate of incorporation, bylaws, or director's ’s and officer's ’s liability insurance coverage.

Appears in 2 contracts

Samples: Executive Employment Agreement (Graphic Packaging Corp), Employment Agreement (Graphic Packaging International Corp)

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Waiver and Release of Claims. As a condition to the receipt of payments and other benefits provided under Sections 4 6 and 79, Executive shall sign the Waiver and Release attached hereto and incorporated herein by reference as Exhibit A after termination from employment during the Employment Period and prior to receipt of any of the payments and benefits provided in Sections 4 6 and 7 9 (other than the Accrued Obligations described in Section 4(a)(i)(A)6(a)(i)A). Failure or refusal by the Executive to sign the Waiver and Release shall release the Company from any obligation to make payment or provide benefits described in Sections 4 6 and 7 9 (other than the Accrued Obligations described in Section 4(a)(i)(A)6(a)(i)A). Notwithstanding the foregoing, the Executive does not, and will not, by signing the Waiver and Release, release or waive his/her right, if any, right to indemnification pursuant to the Company's ’s articles of incorporation, certificate of incorporation, bylaws, or director's ’s and officer's ’s liability insurance coverage.

Appears in 1 contract

Samples: Employment Agreement (Graphic Packaging International Corp)

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