Common use of Required Release Clause in Contracts

Required Release. Notwithstanding any provision of this Agreement to the contrary, the Company’s obligation to provide the payments and reimbursements under Sections 5.2.1, 5.2.2, 5.3.1 and 5.3.2 is conditioned upon Executive’s execution of a standard form of an enforceable release of claims and Executive’s compliance with the Restrictive Covenant Agreement. If Executive chooses not to execute such a release or fails to comply with the Restrictive Covenant Agreement, then the Company’s obligation to compensate Executive ceases on the Separation Date except as to amounts due at the time. The release of claims shall be provided to Executive within ten (10) days of Executive’s separation from service and Executive must execute it within the time period specified in the release (which shall not be longer than forty-five (45) days from the date of receipt). Such release shall not be effective until any applicable revocation period has expired.

Required Release. Notwithstanding any provision of this Agreement to the contrary, the Company’s obligation to provide the payments payments, acceleration, exercise extension and reimbursements under Sections 5.2.1, 5.2.2, 5.3.1 5.2 and 5.3.2 5.3 is conditioned upon Executive’s execution of a standard form of an enforceable release of claims (the “Release”) and Executive’s compliance with the Restrictive Covenant Agreement. If Executive chooses not to execute such a release the Release or fails to comply with the Restrictive Covenant Agreement, then the Company’s obligation to compensate Executive ceases on the Separation Date except as to amounts due at the time. The release of claims Release shall be provided to Executive within ten (10) days of Executive’s separation from service and Executive must execute it within the time period specified in the release Release (which shall not be longer than forty-five (45) days from the date of receipt). Such release Release shall not be effective until any applicable revocation period has expiredexpired (the “Release Effective Date”).

Required Release. Notwithstanding any provision of this Agreement to the contrary, the Company’s obligation to provide the payments and reimbursements under Sections 5.2.1, 5.2.2, 5.3.1 and 5.3.2 is conditioned upon Executive’s execution of a standard form of an enforceable release of claims (the “Release”) and Executive’s compliance with the Restrictive Covenant Agreement. If Executive chooses not to execute such a release the Release or fails to comply with the Restrictive Covenant Agreement, then the Company’s obligation to compensate Executive ceases on the Separation Date except as to amounts due at the time. The release of claims Release shall be provided to Executive within ten (10) days of Executive’s separation from service and Executive must execute it within the time period specified in the release Release (which shall not be longer than forty-five (45) days from the date of receipt). Such release Release shall not be effective until any applicable revocation period has expiredexpired (the “Release Effective Date”).