Common use of Condition to Payment Clause in Contracts

Condition to Payment. All payments and benefits due to Executive under this Section 6 which are not otherwise required by law shall be contingent upon (i) execution by Executive (or Executive’s beneficiary or estate) of a general release of all claims to the maximum extent permitted by law against the Company, their affiliates and their current and former stockholders, directors, employees and agents, in such form as determined by the Company in its sole discretion and (ii) compliance by Executive with his obligations under any stockholders, restricted stock or other agreement to which the Company and Executive are a party.

Appears in 13 contracts

Samples: Employment Agreement (NewStar Financial, Inc.), Employment Agreement (NewStar Financial, Inc.), Employment Agreement (NewStar Financial, Inc.)

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Condition to Payment. All payments and benefits due to Executive under this Section 6 which are not otherwise required by law shall be contingent upon (i) execution by Executive (or Executive’s beneficiary or estate) of a general release of all claims to the maximum extent permitted by law against the Company, their affiliates and their current and former stockholders, directors, employees and agents, in such a form as determined prescribed by the Company in its sole discretion and (ii) compliance by Executive with his obligations under any stockholders, restricted stock or other agreement to which the Company and Executive are a partyBoard of Directors.

Appears in 2 contracts

Samples: Employment Agreement (Mirion Technologies, Inc.), Employment Agreement (Mirion Technologies, Inc.)

Condition to Payment. All payments and benefits due to Executive under this Section 6 5 which are not otherwise required by law shall be contingent upon (i) execution by Executive (or Executive’s beneficiary or estate) of a general release of all claims to the maximum extent permitted by law against the Company, their affiliates and their current and former stockholders, directors, employees and agents, in such form as determined by the Company in its sole discretion Release and (ii) compliance by Executive with his obligations under this Agreement, including, without limitation, the restrictions on activities of Executive set forth in Section 7 and under any stockholders, restricted stock stockholders or other agreement to which the Company and Executive are a party.

Appears in 2 contracts

Samples: Employment and Non Competition Agreement, Executive Employment and Non Competition Agreement (Papa Murphy's Holdings, Inc.)

Condition to Payment. All payments and benefits due to Executive under this Section 6 which are not otherwise required by law shall be contingent upon (i) execution by Executive (or Executive’s beneficiary or estate) of a general release of all claims to the maximum extent permitted by law against the Company, their affiliates its Affiliates and their current and former stockholders, directors, employees and agents, in such form as determined by the Company in its sole discretion and (ii) compliance by Executive with his obligations under any stockholders, restricted stock or other agreement to which the Company and Executive are a party.

Appears in 2 contracts

Samples: Employment Agreement (Omega Flex, Inc.), Employment Agreement (Omega Flex, Inc.)

Condition to Payment. All payments and benefits due to Executive under this Section 6 6, which are not otherwise required by law law, shall be contingent upon (i) execution by Executive (or Executive’s beneficiary or estate) of executing and delivering to the Company a general release of all claims in form satisfactory to the maximum extent permitted by law against the Company, their affiliates and their current and former stockholders, directors, employees and agents, in such form as determined by the Company in its sole discretion and (ii) compliance by Executive with his obligations under any stockholders, restricted stock equity holder or other agreement to which the Company and Executive are a party, and (iii) compliance by Executive with his obligations under this Agreement, including but not limited to Sections 8 and 9, and his obligations under any such general release.

Appears in 2 contracts

Samples: Employment Agreement (Unique Fabricating, Inc.), Employment Agreement (Unique Fabricating, Inc.)

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Condition to Payment. All payments and benefits due to Executive under this Section 6 which are not otherwise required by law shall be contingent upon (i) execution by Executive (or Executive’s beneficiary or estate) of a separation agreement in such form as determined by the Company in its sole discretion, including a general release of all claims to the maximum extent permitted by law against the Company, their its affiliates and its and their current and former stockholders, directors, employees and agents, in such form as determined by the Company in its sole discretion and (ii) compliance by Executive with his obligations under any stockholders, restricted stock or other agreement to which the Company and Executive are a party.

Appears in 2 contracts

Samples: Transition Agreement and General Release (NewStar Financial, Inc.), Employment Agreement (NewStar Financial, Inc.)

Condition to Payment. All payments and benefits due to Executive under this Section 6 which are not otherwise required by law shall be contingent upon (i) execution by Executive (or Executive’s beneficiary or estate) of a separation agreement in such form as determined by the Company in its sole discretion, including a general release of all claims to the maximum extent permitted by law against the Company, their its affiliates and its and their current and former stockholders, directors, employees and agents, in such form as determined by the Company in its sole discretion agents and (ii) compliance by Executive with his obligations under any stockholders, restricted stock or other agreement to which the Company and Executive are a party.

Appears in 1 contract

Samples: Employment Agreement (NewStar Financial, Inc.)

Condition to Payment. All payments and benefits due to Executive under this Section 6 which are not otherwise required by law shall be contingent upon (i) execution by Executive (or Executive’s beneficiary or estate) of a general release of all claims to the maximum extent permitted by law against the Company, their affiliates and their current and former stockholders, directors, employees and agentsclaims, in such substantially the form attached hereto as determined by the Company in its sole discretion Exhibit B and (ii) compliance by Executive with his obligations under any stockholders, restricted stock or other agreement to which the Stockholders Agreement among the Company and Executive are a partythe stockholders party thereto dated as of December 22, 2005 (as amended from time to time, the “Stockholders Agreement”).

Appears in 1 contract

Samples: Employment Agreement (Mirion Technologies, Inc.)

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