Release of Claims definition
Release of Claims means the Release of Claims in substantially the same form attached hereto as Exhibit B (as the same may be revised from time to time by the Company upon the advice of counsel).
Release of Claims means a waiver by the Executive, in a form satisfactory to the Company, of all employment-related obligations of and claims and causes of action against the Company.
Release of Claims means a separation agreement in a form acceptable to the Company under which Employee releases the Company from any and all claims and causes of action and the execution of which is a condition precedent to Employee’s eligibility for Severance Benefits in the event his employment is terminated by the Company without Cause or by Employee for Good Reason, as described in Sections 7(d) and 7(e).
Examples of Release of Claims in a sentence
If Executive fails to execute the Release of Claims in such a timely manner so as to permit any revocation period to expire prior to the end of such sixty (60) day (or shorter) period, or timely revokes his acceptance of such release following its execution, Executive shall not be entitled to any of the Severance Benefits.
This Release of Claims (this “Release”), once executed, shall be incorporated into the Employment Agreement (as defined below).
More Definitions of Release of Claims
Release of Claims means a waiver by you of all employment-related obligations of the Company and all claims and causes of action against the Company.
Release of Claims means the release of claims required by Section 14 of this Agreement.
Release of Claims means the Release of Claims in the form attached hereto as Exhibit B.
Release of Claims means a general release of claims in favor of the Company Group delivered to Executive in connection with Executive’s termination of employment substantially in the form attached as Exhibit B hereto.
Release of Claims means a waiver by the Employee, in a form satisfactory to the Company, of all employment-related obligations of and claims and causes of action against the Company, and a non-disparagement agreement by the Employee in a form satisfactory to the Company. Whenever in this Agreement a payment or benefit is conditioned on Employee’s execution of a Release of Claims, such Release of Claims must be executed, and all applicable revocation periods shall have expired, within sixty (60) days after the date of termination, failing which such payment or benefit shall be forfeited. If such payment or benefit constitutes non-exempt “deferred compensation” for purposes of Section 409A of the Code, and if such 60-day period begins in one calendar year and ends in the next calendar year, the payment or benefit shall not be made or commence before the second such calendar year, even if the Release of Claims becomes irrevocable in the first such calendar year.
Release of Claims means the Company’s standard form of general release of claims delivered to Executive by the Company in connection with Executive’s termination of employment.
Release of Claims means a general release of all claims against the Company and its affiliates in a form reasonably acceptable to the Company.