Common use of Conditions to Severance Pay Clause in Contracts

Conditions to Severance Pay. To be eligible for Severance Pay, Executive must meet the following conditions: (i) Executive must comply in all material respects with Executive’s obligations under this Agreement that continue after termination of the Employment (subject to notice and a reasonable opportunity to cure); (ii) Executive must sign a Company-prepared release of claims by a date designated by the Company (which will be not less than 21 days nor more than 45 days after Executive’s Employment is terminated and Executive is given the release document) waiving and releasing any and all claims or rights that Executive might otherwise have against the Company, any Affiliate, or any of the officers, directors, employees or agents of the Company or any Affiliate, provided that the release will not waive Executive’s right to any payments due under this Section 7 or Section 6, nor will the release waive any right of Executive to liability insurance coverage under any directors’ and officers’ liability insurance policy or any indemnification rights that Executive may otherwise have; (iii) Executive must resign upon written request by the Company from all positions with or representing the Company or any Affiliate, including but not limited to membership on boards of directors; and (iv) Executive must, upon request by the Company, provide the Company, for a period of 90 days after termination, with consulting services (limited to no more than 8 hours per week) regarding matters within the scope of Executive’s former duties. Executive will only be required to provide those services by telephone or e-mail at Executive’s reasonable convenience and without substantial interference with Executive’s other activities or commitments.

Conditions to Severance Pay. To be eligible for Severance Pay, Executive must meet the following conditions: (i) Executive must comply in all material respects with Executive’s obligations under this Agreement that continue after termination of the Employment (subject to notice and a reasonable opportunity to cure)Employment; (ii) Executive must sign a Company-prepared release of claims by a date designated by the Company (which will be not less than 21 days nor more than 45 days after Executive’s Employment is terminated and Executive is given the release document) waiving and releasing any and all claims or rights that Executive might otherwise have against the Company, any Affiliate, or any of the officers, directors, employees or agents of the Company or any Affiliate, provided that the release will not waive Executive’s right to any payments due under this Section 7 or Section 6, nor will the release waive any right of Executive to liability insurance coverage under any directors’ and officers’ liability insurance policy or any indemnification rights that Executive may otherwise have; (iii) Executive must resign upon written request by the Company from all positions with or representing the Company or any Affiliate, including but not limited to membership on boards of directors; and (iv) Executive must, upon request by the Company, provide the Company, for a period of 90 days after termination, with consulting services (limited to no more than 8 hours per week) regarding matters within the scope of Executive’s former duties. Executive will only be required to provide those services by telephone or e-mail at Executive’s reasonable convenience and without substantial interference with Executive’s other activities or commitments.

Conditions to Severance Pay. To be eligible for Severance Pay, Executive must meet the following conditions: (i) Executive must comply in all material respects with Executive’s 's obligations under this Agreement that continue after termination of the Employment (subject to notice and a reasonable opportunity to cure)Employment; (ii) Executive must not claim unemployment compensation for any week for which Executive receives salary continuation under subsection 6(a)(i) above; (iii) Executive must promptly sign and continue to honor a release, in form acceptable to the Company-prepared release , of claims by a date designated by the Company (which will be not less than 21 days nor more than 45 days after Executive’s Employment is terminated and Executive is given the release document) waiving and releasing any and all claims arising out of or rights relating to the Executive's Employment or its termination and that the Executive might otherwise have against the Company, any Affiliatethe Company's Affiliates, or any of the their officers, directors, employees or agents of the Company or any Affiliateand agents, provided that the release will not waive Executive’s 's right to any payments due under this Section 7 or Section 65, nor will the release waive or any right of Executive to liability insurance coverage under any directors’ and officers’ liability insurance policy or to indemnification under the Company's Articles of Incorporation or Bylaws or any written indemnification rights that Executive may otherwise haveagreement; (iiiiv) Executive must reaffirm in writing upon request by Company Executive's obligations under Sections 7, 8 and 9 of this Agreement; (v) Executive must resign upon written request by the Company from all positions with or representing the Company or any Affiliate, including but not limited limited, to membership on boards of directors; , and (ivvi) Executive must, upon request by the Company, must provide the Company, Company for a period of 90 ninety (90) days after termination, the Employment termination date with consulting services (limited to no more than 8 hours per week) regarding matters within the scope of Executive’s 's former duties. , upon request by the Company's Chief Executive Officer; provided, however, that Executive will only be -4- required to provide those services by telephone or e-mail at Executive’s 's reasonable convenience and without substantial interference with Executive’s 's other activities or commitments.

Conditions to Severance Pay. To be eligible for Severance Pay, Executive must meet the following conditions: (i) Executive must comply in all material respects with Executive’s 's obligations under this Agreement that continue after termination of the Employment (subject to notice and a reasonable opportunity to cure)Employment; (ii) Executive must not claim unemployment compensation for any week for which Executive receives payment under Section 5(a)(ii); (iii) Executive must promptly sign and continue to honor a release, in form acceptable to the Company-prepared release , of claims by a date designated by the Company (which will be not less than 21 days nor more than 45 days after Executive’s Employment is terminated and Executive is given the release document) waiving and releasing any and all claims arising out of or rights relating to Executive's Employment or its termination and that Executive might otherwise have against the Company, any Affiliatethe Company's Affiliates, or any of the their officers, directors, employees or agents of the Company or any Affiliateand agents, provided that the release will not waive Executive’s 's right to any payments due under this Section 7 or Section 64, nor will the release waive or any right of Executive to liability insurance coverage under any directors’ and officers’ liability insurance policy or to indemnification under the Company's Articles of Incorporation or Bylaws or any written indemnification rights that Executive may otherwise haveagreement; (iiiiv) Executive must reaffirm in writing upon request by Company Executive's obligations under Sections 6, 7 and 8 of this Agreement; (v) Executive must resign upon written request by the Company from all positions with or representing the Company or any Affiliate, including but not limited to membership on boards of directors; and (ivvi) Executive must, upon request by the Company, must provide the Company, Company for a period of 90 ninety (90) days after termination, the Employment termination date with consulting services (limited to no more than 8 hours per week) regarding matters within the scope of Executive’s 's former duties. , upon request by the Company's Chief Executive Officer; Executive will only be required to provide those services by telephone or e-mail at Executive’s 's reasonable convenience and without substantial interference with Executive’s 's other activities or commitments.

Conditions to Severance Pay. To be eligible for Severance Pay, Executive must meet the following conditions: (i) Executive must comply in all material respects with Executive’s obligations under this Agreement that continue after termination of the Employment (subject to notice and a reasonable opportunity to cure)Employment; (ii) Executive must sign a Company-prepared customary release of claims (drafted by the Company) by a date designated by the Company (which will be not less than 21 days nor more than 45 days after Executive’s Employment is terminated and Executive is given the release document) waiving and releasing any and all claims or rights that Executive might otherwise have against the Company, any Affiliate, or any of the officers, directors, employees or agents of the Company or any Affiliate, provided that the release will not waive Executive’s right to any payments or benefits due under this Section 7 or Section 66 or any rights as a stockholder of the Company, nor will the release waive any right of Executive to liability insurance coverage under any directors’ and officers’ liability insurance policy or any indemnification rights that Executive may otherwise have; (iii) Executive must resign upon written request by the Company from all positions with or representing the Company or any Affiliate, including but not limited to membership on boards of directors; and (iv) Executive must, upon request by the Company, provide the Company, for a period of 90 days after termination, with consulting services (limited to no more than 8 10 hours per weekmonth) regarding matters within the scope of Executive’s former duties. Executive will only be required to provide those services by telephone or e-mail at Executive’s reasonable convenience and without substantial interference with Executive’s other activities or commitments.

Conditions to Severance Pay. To be eligible for Severance Pay, Executive must meet the following conditions: (i) Executive must comply in all material respects with Executive’s 's obligations under this Agreement that continue after termination of the Employment (subject to notice and a reasonable opportunity to cure)Employment; (ii) Executive must not claim unemployment compensation for any week for which Executive receives salary continuation under subsection 6(a)(i) above; (iii) Executive must promptly sign and continue to honor a release, in form acceptable to the Company-prepared release , of claims by a date designated by the Company (which will be not less than 21 days nor more than 45 days after Executive’s Employment is terminated and Executive is given the release document) waiving and releasing any and all claims arising out of or rights relating to the Executive's Employment or its termination and that the Executive might otherwise have against the Company, any Affiliatethe Company's Affiliates, or any of the their officers, directors, employees or agents of the Company or any Affiliateand agents, provided that the release will not waive Executive’s 's right to any payments due under this Section 7 or Section 65, nor will the release waive or any right of Executive to liability insurance coverage under any directors’ and officers’ liability insurance policy or to indemnification under the Company's Articles of Incorporation or Bylaws or any written indemnification rights that Executive may otherwise haveagreement; (iiiiv) Executive must reaffirm in writing upon request by Company Executive's obligations under Sections 7, 8 and 9 of this Agreement; (v) Executive must resign upon written request by the Company from all positions with or representing the Company or any Affiliate, including but not limited limited, to membership on boards of directors; , and (ivvi) Executive must, upon request by the Company, must provide the Company, Company for a period of 90 ninety (90) days after termination, the Employment termination date with consulting services (limited to no more than 8 hours per week) regarding matters within the scope of Executive’s 's former duties. , upon request by the Company's Chief Executive Officer; provided, however, that Executive will only be required to provide those services by telephone or e-mail at Executive’s 's reasonable convenience and without substantial interference with Executive’s 's other activities or commitments.