Common use of Condition to Rights and Benefits of Executive Clause in Contracts

Condition to Rights and Benefits of Executive. All rights and benefits to which the Executive may be entitled under Section 5.2 (other than the Accrued Obligations and the Other Benefits) shall be subject to the Executive’s continuing performance in all material respects of the covenants of the Executive contained in Section 6 and Section 9.1 of this Agreement and the delivery to the Company of an executed release of claims against the Company and its affiliates in a form substantially similar to the release of claims requested by the Company from other employees in connection with employment terminations (with such updates and modifications as the Company determines are necessary) and the expiration (without the Executive revoking) of any applicable non-revocation period set forth in such release no later than fifty-five (55) days after the date of termination of employment (the “Release Requirement”).

Appears in 2 contracts

Samples: Employment Agreement (FBR & Co.), Employment Agreement (FBR & Co.)

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Condition to Rights and Benefits of Executive. All rights and benefits to which the Executive may be entitled under Section 5.2 (other than the Accrued Obligations and the Other Benefits) shall be subject to the Executive’s continuing performance in all material respects of the covenants of the Executive contained in Section 6 and Section 9.1 of this Agreement and the delivery to the Company of an executed release of claims against the Company and its affiliates in a form substantially similar to the release of claims requested by the Company from other employees in connection with employment terminations (with such updates and modifications as the Company determines are necessary) and the expiration (without the Executive revoking) of any applicable non-revocation period set forth in such release no later than fifty-five (55) days after the date of termination Termination of employment (the “Release Requirement”).

Appears in 1 contract

Samples: Employment Agreement (B. Riley Financial, Inc.)

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Condition to Rights and Benefits of Executive. All rights and benefits to which the Executive may be entitled under Section 5.2 6.2 (other than the Accrued Obligations and the Other Benefits) shall be subject to the Executive’s continuing performance in all material respects of the covenants of the Executive contained in Section 6 Sections 7 and Section 9.1 of this Agreement and the delivery to the Company of an executed release of claims against the Company and its affiliates in a form substantially similar to the release of claims requested by the Company from other employees in connection with employment terminations (with such updates and modifications as the Company determines are necessary) and the expiration (without the Executive revoking) of any applicable non-revocation period set forth in such release no later than fifty-five (55) days after the date of termination of employment (the “Release Requirement”).

Appears in 1 contract

Samples: Employment Agreement (B. Riley Financial, Inc.)

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