Common use of Conditions to Receive Severance Package Clause in Contracts

Conditions to Receive Severance Package. Executive will be eligible for the Severance Package provided that Executive: (i) complies with all surviving provisions of this Agreement as specified in subsection 14.8 below; and (ii) executes a full general release in a form suitable to Company and substantially similar to the form attached hereto as Exhibit A. All other Company obligations to Executive will be automatically terminated and completely extinguished.

Appears in 4 contracts

Samples: Executive Employment Agreement (AmNet Mortgage, Inc.), Executive Employment Agreement (AmNet Mortgage, Inc.), Executive Employment Agreement (AmNet Mortgage, Inc.)

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Conditions to Receive Severance Package. Executive will be eligible for the Severance Package provided that Executive: (ia) complies with all surviving provisions of this Agreement as specified in subsection subparagraph 14.8 below; and (iib) executes a full general release in a form suitable release, releasing all claims, known or unknown, that Executive may have against Company arising out of or any way related to Company and substantially similar to the form attached hereto as Exhibit A. Executive’s employment or termination of employment with Company. All other Company obligations to Executive will be automatically terminated and completely extinguished.

Appears in 4 contracts

Samples: Executive Employment Agreement (American Residential Investment Trust Inc), Employment Agreement (American Residential Investment Trust Inc), Employment Agreement (American Residential Investment Trust Inc)

Conditions to Receive Severance Package. Executive will be eligible for receive the Severance Package provided that Executive: described above only if he meets all of the following conditions: (i) complies with all surviving provisions of this Agreement as specified in subsection 14.8 13.8 below; and and (ii) executes a full general release release, in a form suitable acceptable to Company Company, releasing all claims, known or unknown, that Executive may have against Company, and substantially similar any parent, subsidiary or related entity, their officers, directors, employees and agents, arising out of or any way related to the form attached hereto as Exhibit A. All other Company obligations to Executive will be automatically terminated and completely extinguishedEmployee’s employment or termination of employment with Company.

Appears in 1 contract

Samples: Executive Employment Agreement (Wireless Facilities Inc)

Conditions to Receive Severance Package. Executive will be eligible for receive the Severance Package provided that Executive: described above only if he meets all of the following conditions: (i) complies with all surviving provisions of this Agreement as specified in subsection 14.8 13.8 below; and and (ii) executes a full general release release, in a form suitable acceptable to Company Company, releasing all claims, known or unknown, that Executive may have against Company, and substantially similar any parent, subsidiary or related entity, their officers, directors, employees and agents, arising out of or any way related to the form attached hereto as Exhibit A. All other Company obligations to Executive will be automatically terminated and completely extinguishedEmployee's employment or termination of employment with Company.

Appears in 1 contract

Samples: Executive Employment Agreement (Kratos Defense & Security Solutions, Inc.)

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Conditions to Receive Severance Package. Executive The Severance Package pursuant to subsection 7.2(a) will be eligible for paid, provided Executive meets both of the Severance Package provided that Executivefollowing conditions: (i) Executive complies with all surviving provisions of this Agreement as specified in subsection 14.8 13.8 below; and (ii) Executive executes a full general release in a form suitable to Company, releasing all claims, known or unknown, that Executive may have against Company and substantially similar arising out of or any way related to the form attached hereto as Exhibit A. All other Company obligations to Executive will be automatically terminated and completely extinguishedExecutive’s employment or termination of employment with Company.

Appears in 1 contract

Samples: Executive Employment Agreement (La Jolla Pharmaceutical Co)

Conditions to Receive Severance Package. Executive will be eligible for shall receive the Severance Package set forth above provided that Executive: the following requirements are met: (i) Executive complies with all surviving provisions of this Agreement as specified in subsection 14.8 11.8 below; and and (ii) Executive executes a full separation agreement, including a full, general release of all claims, known or unknown, that Executive may have against Company in a form suitable to Company and substantially similar to the form attached hereto as Exhibit A. All other Company obligations to Executive will be automatically terminated and completely extinguishedprovided by Company.

Appears in 1 contract

Samples: Executive Employment Agreement (Provide Commerce Inc)

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