Common use of Certain Termination/Severance Payments Conditioned Upon Executive’s Release of Claims Clause in Contracts

Certain Termination/Severance Payments Conditioned Upon Executive’s Release of Claims. The Executive’s right to receive any of the termination/severance payments provided for in subsections (I), (III) and (IV) of Section 10(a)(ii) is expressly conditioned upon, and the Company will be obligated to provide the Executive with such termination/severance payments only upon, the execution and delivery to the Company by the Executive of a release in substantially the form of Exhibit A.

Appears in 3 contracts

Samples: Executive Employment Agreement (Advanced Drainage Systems, Inc.), Executive Employment Agreement (Advanced Drainage Systems, Inc.), Executive Employment Agreement (Advanced Drainage Systems, Inc.)

AutoNDA by SimpleDocs

Certain Termination/Severance Payments Conditioned Upon Executive’s Release of Claims. The Executive’s right to receive any of the termination/severance payments provided for in subsections (I), (III) ), and (IV) of Section 10(a)(ii) is expressly conditioned upon, and the Company will be obligated to provide the Executive with such termination/severance payments only upon, the execution and delivery to the Company by the Executive of a release in substantially the form of Exhibit A.

Appears in 1 contract

Samples: Executive Employment Agreement (Advanced Drainage Systems, Inc.)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!