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 3(a) and 3(c) of this Agreement shall only be payable if the Executive delivers to the Company the attached Acceptance Form and Release (Exhibit A) discharging all claims of the Executive which may have occurred up to the Termination Date (with such changes therein as may be necessary to make it valid and encompassing under applicable law) within twenty-one (21) days of presentation thereof by the Company to the Executive. Notwithstanding anything herein to the contrary, if the Executive materially breaches any of the provisions of Section 6 of this Agreement, the Company may cease all payments and benefits due to the Executive under Sections 3(a) and 3(c) hereof (other than as required by law).