Common use of Consideration for Release of Claims Clause in Contracts

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.

Appears in 5 contracts

Samples: Executive Retention Agreement (Petrohawk Energy Corp), Executive Retention Agreement (Petrohawk Energy Corp), Executive Retention Agreement (Petrohawk Energy Corp)

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Consideration for Release of Claims. The Employee agrees that the Employee’s release of Claims claims agreed to in this Release Agreement is in consideration for the Release Benefits severance payments and benefits set forth in Section 10 (g)(ii) and (iii) of the Employment Agreement and other rights and benefits provided in this the Employment Agreement to the Employee by the Company, none of which the Employee is entitled to receive without the Employee’s release of Claimsclaims.

Appears in 2 contracts

Samples: Employment Agreement (Halcon Resources Corp), Employment Agreement (Halcon Resources Corp)

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