Common use of Conditions to Receive Severance Package Clause in Contracts

Conditions to Receive Severance Package. In order to receive the severance package described in subsection 8.2.1 above, the Executive must: (i) comply with all surviving provisions of this Agreement as specified in Section 10 below (except Section 3 which would not be applicable); and (ii) execute a separation agreement in a form acceptable to the Company, including a full general release, releasing all claims, known or unknown, that the Executive may have against the Company arising out of or any way related to the Executive’s employment or termination of employment with the Company and a non-disparagement provision. The separation agreement contemplated by this Section 8.2.2 shall not broaden any existing or contemplated obligations on the Executive as set forth in the Agreement. The Executive hereby agrees that, upon breach by the Executive of any of the covenants described in Section 7, all Company obligations to the Executive, including the obligations to provide (or continue to provide) the severance package described in subsection 8.2.1 above, will be automatically terminated and completely extinguished.

Conditions to Receive Severance Package. In order to receive the severance package described in subsection 8.2.1 8.4.1 above, the Executive must: (i) comply with all surviving provisions of this Agreement as specified in Section 10 below (except Section 3 which would not be applicable)below; and (ii) execute a separation agreement in a form acceptable to the Company, including a full general release, releasing all claims, known or unknown, that the Executive may have against the Company arising out of or any way related to the Executive’s employment or termination of employment with the Company and a non-disparagement provision. The separation agreement contemplated by this Section 8.2.2 8.4.2 shall not broaden any existing or contemplated obligations on the Executive as set forth in the Agreement. The Executive hereby agrees that, upon breach by the Executive of any of the covenants described in Section 7, all Company obligations to the Executive, including the obligations to provide (or continue to provide) the severance package described in subsection 8.2.1 8.4.1 above, will be automatically terminated and completely extinguished.