Common use of Release Requirement Clause in Contracts

Release Requirement. As a condition to the Executive becoming entitled to the severance benefits under Section 1(b) (other than the Accrued Obligations), the Executive shall be required to execute within twenty-one (21) days after the Executive’s termination of employment a general release and waiver in favor of the Company and its affiliates in exactly the form provided by the Company without alteration or addition (the “Release Agreement”), which Release Agreement shall be provided by the Company to the Executive no later than five (5) business days after the date of termination.

Appears in 8 contracts

Samples: Non Competition Agreement (Webster Financial Corp), Non Competition Agreement (Webster Financial Corp), Non Competition Agreement (Webster Financial Corp)

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Release Requirement. As a condition to the Executive becoming entitled to the severance benefits under Section 1(b1(a) (other than the Accrued Obligations), the Executive shall be required to execute within twenty-one (21) days after the Executive’s termination of employment a general release and waiver in favor of the Company and its affiliates in exactly the form provided by the Company without alteration or addition (the “Release Agreement”), which Release Agreement shall be provided by the Company to the Executive no later than five (5) business days after the date of the termination.

Appears in 6 contracts

Samples: Non Competition Agreement (Webster Financial Corp), Non Competition Agreement (Webster Financial Corp), Non Competition Agreement (Webster Financial Corp)

Release Requirement. As a condition to the Executive becoming entitled to the severance benefits under Section 1(b) 1(a), (other than the Accrued Obligations), the Executive shall be required agrees to execute within twenty-one (21) days after the Executive’s termination of employment a general release and waiver in favor of the Company and its affiliates in exactly the form provided by the Company without alteration or addition (the “Release Agreement”), which Release Agreement shall be provided by the Company to the Executive no later than five (5) business days after the date of the termination.

Appears in 2 contracts

Samples: Non Competition Agreement (Webster Financial Corp), Non Competition Agreement (Webster Financial Corp)

Release Requirement. As a condition to the Executive becoming entitled to the severance benefits under Section 1(b1(a) (other than the Accrued Obligations), ) the Executive shall be required agrees to execute within twenty-one (21) days after the Executive’s termination of employment a general release and waiver in favor of the Company and its affiliates in exactly the form provided by the Company without alteration or addition (the “Release Agreement”), which Release Agreement shall be provided by the Company to the Executive no later than five (5) business days after the date of the termination.

Appears in 1 contract

Samples: Non Competition Agreement (Webster Financial Corp)

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Release Requirement. As a condition to the Executive becoming entitled to the severance benefits under Section 1(b) 1(a), (other than the Accrued Obligations), the Executive shall be required agrees to execute within twenty-one (21) days after the Executive’s 's termination of employment a general release and waiver in favor of the Company and its affiliates in exactly the form provided by the Company without alteration or addition (the "Release Agreement"), which Release Agreement shall be provided by the Company to the Executive no later than five (5) business days after the date of the termination.

Appears in 1 contract

Samples: Non Competition Agreement (Webster Financial Corp)

Release Requirement. As a condition to the Executive becoming entitled to the severance benefits under Section 1(b1(a) (other than the Accrued Obligations), the Executive shall be required agrees to execute within twenty-one (21) days after the Executive’s date of termination of employment a general release and waiver in favor of the Company and its affiliates in exactly the form provided by the Company without alteration or addition (the “Release Agreement”), which Release Agreement shall be provided by the Company to the Executive no later than five (5) business days after the date of termination.employment

Appears in 1 contract

Samples: Form of Non Competition Agreement (Webster Financial Corp)

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