Consideration for Release of Claims. Provided Executive does not revoke Section 7(a) and complies with the terms of this Agreement, PremierWest will provide Executive the benefits set forth in Section 10 of the Employment Agreement.
Consideration for Release of Claims. The Employee agrees that the Employee’s release of Claims agreed to in this Agreement is in consideration for the Release Benefits and other rights and benefits provided in this Agreement to the Employee by the Company, none of which the Employee is entitled to receive without the Employee’s release of Claims.
Consideration for Release of Claims. In the event of (i) Termination of Employment Without Cause, (ii) Termination of Employment For Good Reason, or (iii) if Termination of Employment occurs for any reason other than Termination of Employment For Cause more than six (6) months after a Change in Control, (each an “Eligible Termination Event”) PremierWest will offer and Executive may choose to execute the Separation Agreement, attached hereto as Exhibit A, which provides for the release of claims against PremierWest. Provided Executive executes and does not revoke Section 7(a) of the Separation Agreement, Executive will be entitled to the benefits listed below in this Section 10 in consideration for the release of claims.
Consideration for Release of Claims. As consideration for Plaintiff's Release of Claims, and on behalf of the Released Parties described above, Xxxxxxx County shall pay Plaintiff’s attorneys their costs and attorney fees in the amount of Twenty-Five Thousand Dollars ($25,000),and shall provide the following additional relief:
Consideration for Release of Claims. In consideration of (a) the Executive's continued performance of his duties for the Company in a satisfactory fashion through the Resignation Date, and (b) the Executive's release (the "Release") of any claims as of the Resignation Date as set forth in Paragraph 6 of this Fifth Amendment (provided that the Release is not revoked by the Executive within seven days after the Resignation Date), then the Company shall provide the Executive with the following payments and benefits when the Release becomes effective: 2 (i) for the period commencing on the Resignation Date and ending February 1, 2001, the continuation of the Executive's base salary rate as described in Paragraph 3 above, less applicable withholding, payable in installments in accordance with the Company's standard payroll policies;
Consideration for Release of Claims. In consideration for the execution by Employee of a general release, the Company agrees to the following:
Consideration for Release of Claims. If you sign this Agreement, return it by the deadline specified below, and it becomes effective, as described below, and you comply fully with your obligations under this Agreement:
Consideration for Release of Claims. After Employee’s execution of this Agreement and the later of (i) the expiration of the applicable Revocation Periods described in Section 15 of this Agreement and (ii) the Employee Separation Date, and provided Employee does not exercise Employee’s rights to revoke any part of the Release of Claims provided I Section 5 of this Agreement, the Company will pay to Employee severance pay equal to six months of Employee’s current base salary in the total gross amount of One Hundred Seven Thousand Three Hundred Twenty-Five Dollars ($107,325) (“Severance Pay”). The Severance Pay will be distributed to Employee in a lump sum on the first payroll date after (i) Employee has provided the Company with an original executed copy of this Agreement; (ii) the Revocation Periods applicable to the Release of Claims provided in Section 5 of this Agreement have expired and Employee has not revoked or attempted to revoke the Release of Claims, in whole or in part; (iii) Employee has returned all of the Company’s property pursuant to Section 8 of this Agreement and (iv) the Employee Separation Date.
Consideration for Release of Claims. As consideration for Employee’s execution, delivery and non-revocation of this Agreement, and conditioned on Employee’s full compliance with the covenants set forth in his Employment Agreement as modified below, Employer shall provide Employee with the following:
Consideration for Release of Claims. In the event of (i) Termination Without Cause, (ii) Termination for Good Reason, or (iii) if termination occurs for any reason other than Termination For Cause more than six (6) months after a Change in Control, (each an "Eligible Termination Event") PREMIERWEST will offer and EXECUTIVE may choose to execute the Separation Agreement, attached hereto as Exhibit A, which provides for the release of claims against PREMIERWEST. Provided EXECUTIVE executes and does not revoke Section 7(a) of the Separation Agreement, EXECUTIVE will be entitled to the benefits listed below in this Section 10 in consideration for the release of claims.
