Common use of Acceptance and Release Clause in Contracts

Acceptance and Release. Any and all amounts payable and benefits or additional rights provided pursuant to Sections 4(a)(B) and (C) above shall only be payable if the Executive executes and delivers to the Company an Acceptance Form and Release in the form attached hereto as Exhibit A discharging all claims of the Executive which may have occurred up to the date of termination (with such changes therein as may be necessary to make it valid and encompassing under applicable law) within the appropriate time described in the Acceptance Form and Release presented by the Company to the Executive. Notwithstanding anything herein to the contrary, if the Executive materially breaches any of the provisions of Section 10 of this Agreement, the Company may cease all payments and benefits due to the Executive thereafter under Sections 4(a)(B) and (C) above (other than as required by law).